NMBA Associate Member Abrigo, Announces Strategic Growth Investment from Carlyle
Abrigo, a leading technology provider of compliance, risk, and lending solutions for financial institutions, announced today it secured a strategic growth investment from funds managed by Carlyle. Abrigo will use the investment to accelerate its commitment to helping financial institutions manage risk and drive growth. Abrigo’s current majority investor, Accel-KKR, will retain a significant equity stake in the Company and partner with Carlyle to support the Company’s long-term growth plan.
Headquartered in Austin, Texas, Abrigo provides market-leading software solutions to enable its customers to comply with ever-changing regulatory compliance requirements, process loans faster and more efficiently to drive growth and profitability, and leverage data to provide insights to their customers. The Company serves over 2,300 customers and has experienced significant momentum with revenue growth of over 30% year-over-year.
In Memoriam: Former New Mexico Banker Tom Battin
Former New Mexico banker Tom Battin passed away earlier this year at the age of 85. Tom attended Texas Tech University, earning a Bachelor of Arts degree in Economics and Finance in 1958, and earned a graduate degree in Banking Management from Southern Methodist University.
Tom’s primary career was as a community banker in West Texas and New Mexico, notably at Ruidoso State Bank in Ruidoso, New Mexico. He often guided those institutions from receivership status to that of health and stability. He served on more than 25 boards, including financial institutions, hospitals and various philanthropic endeavors. Tom was also active in many Christian organizations. His desire to serve others was exemplified by his eight-year term on the Lincoln County, New Mexico Board of Commissioners, serving a number of years as its Chair. He spent a portion of his post-retirement years as a banking strategist and in public relations.
Tom married Juanice Turner in 1957, and they became parents of two children, Rhonda and Kevin. Tom and Juanice called Ruidoso home for more than
MFA’s Hernandez Elected to National Council of State Housing Agencies
Isidoro “Izzy” Hernandez, New Mexico Mortgage Finance Authority Executive Director, was recently elected to the board of directors of the National Council of State Housing Agencies.
In December 2019, Hernandez was named as MFA’s sixth Executive Director/CEO, bringing a wealth of experience and institutional knowledge to the position. In addition to his work at MFA, Hernandez served in the New Mexico Army National Guard for 32 years, retiring as a colonel in 2016. He attended the Senior Service College (aka War College), had two deployments and commanded as many as 1,000 soldiers at the brigade level.
The New Mexico Mortgage Finance Authority is an associate member of the NMBA.