Sunstone Bank & Trust Launches To Provide Personal Banking To ALC Customers



IRVINE, Calif., November 13, 2023–(BUSINESS WIRE)–A new private bank initiative, Sunstone Bank & Trust, was launched recently at the headquarters of American Lending Center and Sunstone Management, Inc.

American Lending Center (ALC) founder and CEO John Shen said the new initiative would provide added value to ALC clients with services ranging from customized deposit account solutions creating an opportunity to maximize FDIC coverage up to $200 million with secure digital banking. Personalized banking offers specific solutions for individuals, families, and businesses including checking and money market accounts.

“With this unique platform, ALC is planning to serve the high-net-worth (HNW), ultra-high-net-worth (UHNW), and qualified business clients in its network,” Shen said. “ALC has partnered with TransPecos Banks to provide the banking services, and ALC will continue to work with its clients to assure the personalized attention for which American Lending Center has become known.”

On October 25 a launch party was held at American Lending Center’s headquarters in Irvine, attended by a VIP group of ALC clients and other officials. Patrick Kennedy, Chairman and Principal shareholder of TransPecos, and Dub Sutherland, its Vice Chairman, were on hand to announce Sunstone Bank & Trust.

“TransPecos Banks is pleased to partner with John Shen and his outstanding team at ALC/Sunstone Management and looks forward to providing high-quality services to the select group of clients with these specialized needs.”

During the presentation, SB&T’s emphasis on personalized banking and easy money movement was highlighted. Customizable online and mobile banking will be offered, along with increased transaction limits. Money movement capabilities will include ACH origination, payroll processing, wire transfers, remote deposit capture, and more.

In partnership with TrustCard (TruCard Holdings, Inc.), Sunstone Bank and Trust also will be offering a securities-backed credit card and line of credit product for its private banking clients.

The bank’s local advisory board consists of John Shen, founder and CEO of American Lending Center; John Keisler, CEO and Managing Partner at Sunstone Management; Lorna Gray, founder and President of Interface Education Services; and Hai Dang, a senior executive in real estate and financing. Two client representatives, both bilingual in English and Mandarin, are already onboard.

About American Lending Center:

American Lending Center (ALC) is a private nonbank lending institution and nationally recognized leader in small business lending. ALC has offered strategically structured senior loan products to 83 qualified projects in 19 states, contributing more than $1.2 billion to the economy and creating more than 13,000 new jobs nationwide since 2009. ALC is headquartered in Irvine, Calif., doing business across the country and the world. Follow American Lending Center on LinkedInFacebook, and Twitter.

About TransPecos Banks

TransPecos Banks, SSB is a Texas-based state savings bank with total assets of $748 million as of September 30, 2023. TransPecos is a 100-year-old community bank with corporate offices in San Antonio, Texas. The Bank and its affiliates are leaders in community development and business banking across the United States in specialized areas including government-guaranteed lending, project finance, embedded finance using advanced technologies, and private banking. For more information, please visit



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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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