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May 24, 2015 4:41 AM ET

Banks

Company Overview of Export-Import Bank of the United States

Company Overview

Export-Import Bank of the United States operates as an export credit agency in the United States. The company focuses on helping small business exporters to promote the sale of the U.S.-made goods and services primarily in Africa (Sub-Saharan), Brazil, China, Colombia, India, Indonesia, Mexico, Nigeria, South Africa, Turkey, and Vietnam. It provides working capital guarantees (pre-export financing), export credit insurance solutions, medium and long-term loan guarantees, finance lease guarantees, direct loans (buyer financing), supply chain finance guarantee programs, and other online services. The company also assists businesses in the areas of risk protection, credit extension to buyers, w...

811 Vermont Avenue, NW

Washington, DC 20571

United States

Founded in 1934

Phone:

202-565-3377

Fax:

202-565-3380

Key Executives for Export-Import Bank of the United States

Chairman and President
Age: 62
Chief Financial Officer and Senior Vice President
Vice Chairman and First Vice President
First Vice President and Director
Senior Vice President
Compensation as of Fiscal Year 2014.

Export-Import Bank of the United States Key Developments

Federal Court Dismisses Lawsuit by Environmental Groups Against Export-Import Bank of the United States

A federal court dismissed a lawsuit by environmental groups that claimed the Export-Import Bank of the United States approved a massive loan guarantee to Xcoal Energy & Resources without complying with the National Environmental Policy Act, or NEPA. A host of environmental groups, including Chesapeake Climate Action Network and the Sierra Club, filed suit in July 2013, saying Ex-Im failed to consider environmental impacts like air and water pollution before approving the $90 million loan guarantee. Ex-Im Bank approved the working capital guarantee in May 2012. U.S. District Judge Rudolph Contreras of U.S. District Court for the District of Columbia, in a Jan. 21 ruling, said the environmental groups lacked standing to challenge the loan guarantee. Contreras said in the decision that interest in a topic or tension between agency action and an organization's policy agenda is insufficient to convey standing. Contreras also said the environmental groups failed to show that a favorable court decision would force Xcoal to reduce the volume of coal exports.

Export-Import Bank of the United States Appoints Steve Stephens as Advisory Committee

Amegy Bank President and CEO Steve Stephens was recently selected to join The Export-Import Bank of the United States (Ex-Im Bank) 2015 Advisory Committee. The Advisory Committee is Congressionally-established and advises Ex-Im Bank on its policies and programs that encourage the Bank to provide competitive financing to support American jobs through exports. The Bank recently announced that its Board of Directors appointed 17 members to Ex-Im Bank's Advisory Committee for fiscal year 2015. This year's Committee has 11 new members and six returning members. Stephens is the only member to be selected from Houston and the banking industry.

The Export-Import Bank of the United States Names Michael Whalen Vice President of Structured Finance

The Export-Import Bank of the United States announced that Michael Whalen has joined Ex-Im Bank as Vice President of Structured Finance, where he will oversee project and structured finance transactions that support thousands of American jobs each year and level the playing field for U.S. exporters. Whalen most recently served as head of the structured finance department at the Overseas Private Investment Corporation, and prior to that as the chief financial officer of SolarReserve.

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