Glastonbury-based Bankers’ Bank Northeast and Chatham Financial have entered into a cooperation agreement.

Under the agreement, Bankers’ Bank Northeast clients will have access to risk management solutions including asset-liability management (ALM) hedging, fixed-rate loan swaps and borrower facing swaps. Clients will also have access to comprehensive training, Dodd-Frank regulatory compliance assistance, borrower communications, accounting entries, effectiveness testing and billing.

The companies hope the agreement will provide clients with access to more interest rate risk management tools.

“While interest rates have been low for a long time, we all know that rates will rise over time. Our new alliance with Chatham will get the risk mitigation tools used by larger financial institutions into the hands of community depository institutions, Peter Sposito, president and CEO of Bankers’ Bank Northeast, said in a statement.