The American Bankers Association has chosen Alex Sheshunoff & Co. as its investment banker for community banks.

The trade group is also supporting an affiliated corporation, Alex Sheshunoff Management Services, as the re-engineering consultant for community banks that are trying to improve efficiency ratios.

Austin, Tex.-based Sheshunoff was selected over a handful of other vendors.

Sheshunoff's investment banking division is to help banks determine their value and decide whether they should consider selling, or buying other banks.

"Virtually every banker has been confronted with the decision to continue to build or seriously evaluate selling their bank," said president Alex Sheshunoff.

The consulting unit is to teach community banks how to increase efficiency through better use of staff and technology.

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