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Global Bancorp Inc.
Chief Compliance Officer
9233 Park Meadows Drive
Highland Ranch, CO
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Global Bancorp Announces Launch of New Agent Program
Global Bancorp, the leader in automating the non-purpose financial lending industry, has launched a new Loan Agent Program designed to expand its customer base and open new markets.
DENVER, CO, July 17, 2009 - /24-7PressRelease/ -- With the demand for stock loans skyrocketing due to the new, more stringent criteria for providing margin loans adopted by major broker dealers, some alternative lenders are looking for a new ways to attract more customers. One such company is Global Bancorp who is one of the top stock loan lenders in the world. The company has seen requests for stock loans steadily increase since the recent economic turmoil began, and major brokers started providing fewer and fewer margin loans. In an effort to capture these customers, Global Bancorp decided to launch their new Global Agent Program.
Gregg Sullivan, CEO of Global Bancorp explains this move, "We have been extremely lucky to have not been affected by the recession like so many other businesses. We have some really great clients and many of them have recommended us to their friends and family. We really wanted to find a better way to expand into additional markets, so we decided to recruit agents and offer them a way to profit from their referrals by providing them with a commission."
The Global Agent Program offers generous commissions of up to 5% of the total loan amount, or a minimum of $5,000 per loan referral that is funded. Although the program was intended as a way to recruit existing stock loan brokers, the company has said that prior knowledge of stock lending is not necessary in order to participate in the program.
"The feedback has been tremendous" said Sullivan, "We couldn't have anticipated how well the program would work. Agents are making increasing numbers of referrals and are really appreciative of how easy the whole process is. In fact," Sullivan continued, "we had one agent who referred 3 individuals and, thanks to the commissions he earned, he was able to purchase a new Mercedes Benz.
About Global Bancorp Inc.
Global Bancorp, Inc., is a non-purpose lender that provides securities-based loans to investors who pledge stocks, bonds or U.S. Treasuries as collateral. We accept securities traded on the American Stock Exchange, NASDAQ National Stock Market, NASDAQ Small Cap Stock Market, New York Stock Exchange, Over-the-Counter Bulletin Board and several foreign exchanges.
For interview availability, contact Mark McKnight, 303-647-3400