Ex-Im Bank sets up in 4 U.S. cities

   The U.S. Export-Import Bank will set up shop in four U.S. cities by this summer, the bank’s Chairman and President Fred P. Hochberg told the Detroit Economic Club on Tuesday.
   Bank staff, which are currently being recruited for the new positions, will be based in Atlanta, Detroit, Minneapolis, and Seattle. This will provide local small business exporters with improved access to Ex-Im Bank products and services.
   “Exports are a true bright spot in our economic recovery, and having additional field staff in four cities will help ensure that more U.S. businesses are reaching international markets,” Hochberg said. 
   The Washington-based bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.