• MILITARY BANKS SUPPORT THE MILITARY COMMUNITY
    MILITARY BANKS SUPPORT THE MILITARY COMMUNITY

    Founded in 1959, the Association of Military Banks of America (AMBA) is a not for profit association of banks operating on military installations.

  • AMBA FALL WORKSHOP 2014
    AMBA FALL WORKSHOP 2014

    2014 AMBA Annual Fall Workshop (17-20 August) was a huge success - thank you to all presenters, sponsors, and attendees! For more information about this event, click here.

     

  • 2013 AMBA ANNUAL PARTNERSHIP SUPPORT
    2013 AMBA ANNUAL PARTNERSHIP SUPPORT

    Each year the Association of Military Banks of America provides partnership support to several military support organizations.

Who is the Association of Military Banks of America?

Founded in 1959, the Association of Military Banks of America (AMBA) is a not for profit association of banks operating on military installations, banks not located on military installations but serving military customers, and military banking facilities designated by the U. S. Treasury. The association's membership includes both community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation.

AMBA Member Institutions:

  • DoD approved, federally insured banking institutions or branches of such institutions located in a military establishment or on a military installation.
  • Banking institutions or branches thereof serving military personnel but not located on a military establishment.
  • Commercial corporations involved in the financial industry and providing bank-related materials and services.

Recent Blogs

  • 17 November, 2014 Mr. Juan A. De Jesus presented the Department of Defense Distinguished Civilian Service Award

    On Friday, November 7, 2014 at the Pentagon conference center the Association of Military Banks of America’s good friend, Juan De Jesus, was presented the Department of Defense Distinguished Civilian Service Award.  Juan, along with 7 other recipients, were recognized for their exceptional work with the Department over their career.  Mr. De Jesus’ award notation is below.  "Congratulations Juan" it is an honor to work with you.

  • 27 October, 2014 Pillars of Personal Financial Success – Security Clearance and Financial Concerns

    part 8 of an 8 part series

    A security clearance is not only important, but usually essential, when you are serving in the military.  There are specific guidelines for acquiring and maintaining a security clearance.  Personal financial troubles can be a factor in obtaining and preserving a security clearance.  In fact, according to Military.com in their guideline on financial considerations, a financial concern is stated as “an individual who is financially overextended is at risk of having to engage in illegal acts to generate funds” and other conditions that could raise a security concern such as “a history of not meeting financial obligations” and an “inability or unwillingness to satisfy debts” among the others.

  • 07 October, 2014 Why Saving for Retirement is So Important

    By Brooke Goldberg, Government Relations Deputy Director, National Military Family Association

    Many join the military because it provides a steady dependable paycheck. And if a service member stays in for more than 20 years, the retirement pension is guaranteed at a set and predictable rate.

    However, recent events like a one percent pay raise for 2014, proposed changes to the commissaries, and cuts to the COLA in February that were later restored show how precarious those guarantees are. It only takes one congressional vote to create a change to the benefits packages offered when signed up.

  • 26 September, 2014 DoD Announces Proposed Changes to Military Lending Act

    Posted on DoD News, Defense Media Activity - WASHINGTON, Sept. 26, 2014

    Defense Department officials today announced a proposed overhaul of the Military Lending Act, which is designed to protect service members and their dependents during consumer credit transactions.

    The proposed changes to the regulation would reduce predatory lending practices, expand protections provided to service members, close loopholes in current rules and help to ensure military families receive important consumer protections, officials said.

    On Sept. 29, the proposed regulation will be published in the Federal Register for public comment, officials added, and the proposal includes several questions that will help the department gather additional information on the proposed changes.

  • 18 September, 2014 AMBA Elects Officers and Directors at its Annual Meeting in Washington D.C.

    Andrew M. Egeland, Jr., President and CEO of the Association of Military Banks of America (AMBA), announced the election of new officers and directors of the association.  The incoming Chairman is Terry Tuggle, President and Chief Executive Officer, Fort Hood National Bank, Fort Hood, Texas; Chairman Elect is James A. Cerrone, Vice President, Fort Sill National Bank, Fort Sill, Oklahoma; Vice Chairman is Raleigh A. (Andy) Trovillion, Senior Vice President, Investment Banking, UMB Bank, St. Louis, Missouri and Immediate Past Chairman is Vince E. Barfield, Senior Executive Vice President, Investment Services Group, Bank of Hawaii, Honolulu, Hawaii.