Voya Investment Management and TBASCO enter into preferred-vendor agreement
NEW YORK, February 20, 2025 — Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), and TBA Services Company, Inc. (TBASCO), a subsidiary of the Texas Bankers Association, announced today they have entered into a commercial and industrial (C&I) loan program partnership with Voya known as the Voya Senior Loan Bank Advisory Program. The program includes risk management, front office and back office operational services and support.
While community and small regional banks have historically excelled at small business underwriting and relationship management, Voya’s C&I program recognizes the syndicated loan market demands a broader industry knowledge and timely action. Texas commercial banks benefit from Voya’s unique market leadership, experience, relationships, credit risk management, training and sourcing capabilities while effectively keeping independent research and decision-making within their walls, thus satisfying regulatory requirements.
“Our goal is to provide banks with a turnkey solution–combining education, preparation and implementation to enable them to enter the $1.4 trillion senior loan market,” said Randy Cameron, co-head of the Voya Bank Advisory Group. “This asset class benefits banks looking for a combination of loan diversification, asset growth, interest and fee income, and floating rate assets.”
Under the Voya program, community and regional bank commercial credit professionals build portfolios of senior secured commercial and industrial loans. Banks may work individually to build portfolios, one loan at a time, or work cooperatively with other designated banks to share pro rata in a portfolio of select loans in appropriate size and in line with bank resources. These portfolios benefit from Voya’s access to the new loan and secondary markets as well as strong and ongoing loan underwriting and monitoring processes, which are compliant with regulatory guidelines and prudent standards. Through education and mentoring, banks learn about the implementation and monitoring of compliant portfolios that offer diversification, value recognition and loss avoidance as their core objectives.
“We’re excited about this newly founded endorsed business partnership with Voya Investment Management as it is going to provide our member banks access to unparalleled resources, empowering them to navigate today’s complex financial landscape with confidence and drive sustainable growth,” said Ben Buehler, president of TBA Services Company. “Together, we will bring two new credit solutions to our Bank Members that will expand their commercial and industrial loan expertise and strategically enhance balance sheets.”
“The goal is to provide member banks with turnkey solutions that combine education, preparation and implementation to enable them to enter the $1.4 trillion senior loan market,” said Buehler. “This asset class benefits banks looking for a combination of loan diversification, asset growth, interest and fee income, and floating rate assets.”
About TBA Services Company, Inc.
TBA Services Company, Inc., known as TBASCO, is a wholly owned subsidiary of the Texas Bankers Association. Organized in 1987, TBASCO’s mission is to link TBA member banks with providers of high-quality products and services that support day-to-day bank operations.
About Texas Bankers Association
Founded in 1885, the Texas Bankers Association is the largest state-based banking association in the US. TBA advocates for nearly 400 member banks in Austin and Washington, trains more than 20,000 bankers annually, provides nationally recognized community bank services, and invests in Texas communities through financial literacy, scholarship, and charitable activities.
About Voya Investment Management
Voya Investment Management (IM) manages approximately $331 billion as of March 31, 2024, in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business.