Washington, D.C. (Aug. 24, 2017)—The Independent Community Bankers® of America (ICBA) today announced it has extended its Preferred Service Provider program agreement with QwickRate®, which currently includes its premier non-brokered CD Marketplace for online funding and investing nationwide. The expanded Preferred Service Provider agreement will now include QwickRate’s online QwickAnalytics® offering, which will give ICBA member banks immediate access to bank and peer performance analytics, along with regulatory compliance reports including the Credit Stress Test.
“QwickAnalytics offers community bankers affordable and time-saving research, regulatory and analytical tools,” said Dan Clancy, ICBA executive vice president, vendor relations. “ICBA is pleased to extend its long-term partnership with QwickRate and bolster this already valuable relationship. The new QwickAnalytics offering enables community banks of all sizes to analyze the competition, identify impending regulatory challenges and produce professional executive reports to keep management, directors and shareholders informed.”
As a Preferred Service Provider, QwickRate offers community banks a non-brokered deposit source to help fund their loans as well as an investment option for excess funds. The robust Marketplace provides easy, online access to more than 3,000 nationwide subscribers. In addition, QwickRate delivers on-staff regulatory guidance and unlimited customer support.
Since joining forces with ICBA in 2002, QwickRate’s non-brokered CD Marketplace has benefitted nearly 2,000 ICBA-member banks, yielding more than $3,280,447 in member discounts for community banks.
“We’ve been honored to partner with ICBA and its member community banks across the country for the past 15 years to provide them with a reliable non-brokered source to generate deposits,” said Shawn O’Brien, QwickRate president. “We look forward to continuing to serve the needs of ICBA’s member banks with QwickAnalytics so that every bank has the financial and competitive data they need to become a high performer.”
For more information about ICBA’s Preferred Service Provider program, visit www.icba.org/psp.
The Independent Community Bankers of America®, the nation’s voice for more than 5,800 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.
QwickRate provides the premier Marketplace for non-brokered funding and investing. With more than 3,000 members, QwickRate offers community financial institutions a cost-effective way to gain direct access to a nationwide CD market to help proactively manage their primary and contingency liquidity needs. The company’s online QwickAnalytics® tool offers interactive research on all 6,000 U.S. banks, Bank & Peer Performance analysis and examiner-ready Regulatory Compliance reports to save time, easily inform management and directors, and satisfy regulations. QwickRate is known for its exceptional customer service, which includes unlimited support and valuable on-staff regulatory guidance. QwickRate is a Preferred Service Provider of The Independent Community Bankers of America (ICBA). For more information, visit www.qwickrate.com or call (800) 285-8626.