CONSHOHOCKEN, PA — Firstrust Bank has taken a leading role by arranging a $1 billion banking facility to bolster College Ave’s student loan program. This significant collaboration highlights Firstrust’s proficiency in Banking-as-a-Service (BaaS) solutions.
Richard J. Green, Executive Chairman and Owner of Firstrust Bank, stated, “Firstrust’s role as the lead banker in this partnership demonstrates our capacity to support large-scale lending operations, leveraging our banking infrastructure to facilitate the distribution of student loans with a specialized solution provider like College Ave.”
College Ave Co-Founder and CEO Joe DePaulo expressed enthusiasm about the ongoing partnership, noting, “With Firstrust as our lead bank for our banking facility, we can focus on customer acquisition and servicing, without the complexities of operating as a bank.”
This partnership highlights both institutions’ efforts to deliver innovative and effective financial solutions.
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