Mitigation Bank Sponsor Services
Heritage is also in the Mitigation Banking Business. As such, we can serve as an Agent which works with our clients in structuring, permitting and establishing the bank as well as selling the credits. In some cases we purchase the property, establish the bank and act as the Bank Sponsor. As the Bank Sponsor we are responsible for the overall operation and management of the bank in accordance with the terms of the banking instrument, including the preparation and distribution of monitoring reports and accounting statements/ledger, as necessary. As the Sponsor we are also responsible for ensuring the future integrity of the bank. As part of our sponsor services, we negotiate fee sharing and assumption of certain responsibilities with our clients.