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PSP & Select Member
1300 N. 17th St. Ste. 1800
ArlingtonVA  22209
UNITED STATES
Phone: (866) 776-6426
Fax: (703) 528-5700
ICBA Member: 14 years
Preferred Service Provider Select Member
Main Contact
Mr. Steve Kinner
Senior Managing Director
(703) 292-3445

About Us

Chosen by more than 3,000 financial institutions nationwide, Promontory Interfinancial Network is the leading provider of FDIC-insured deposit placement services. To help manage their balance sheet more profitably, banks of all sizes can use Promontory Interfinancial Network’s Insured Cash Sweep®, or ICS®; CDARS®; Insured Overnight FundingSM powered by ICS; and Bank Assetpoint® services to build multi-million-dollar relationships, reduce collateral requirements, purchase funding, manage liquidity, and buy or sell loans.

 

Program Features

Insured Cash Sweep, or ICS – Attract and retain large-dollar relationships with or without keeping the funds on balance sheet, replace higher-cost funding, and reduce collateralization. ICS enables banks to offer their customers access to multi-million-dollar FDIC insurance for funds placed into demand deposit accounts, money market deposit accounts, or both. And ICS offers banks the ability to purchase cost-effective, floating-rate wholesale funding from banks with excess ICS deposits.

 

CDARS – Attract and retain large-dollar relationships and replace higher-cost funding by offering customers access to multi-million-dollar FDIC insurance on CDs placed through CDARS. Banks can keep the full amount of CDARS deposits on balance sheet or sell the excess for fee income. Banks can also use CDARS to purchase cost-effective, fixed- or floating-rate wholesale funding without collateralization.

 

Insured Overnight Funding, powered by ICS – Use as an alternative or a supplement to Fed Funds, FHLB advances, and funding from correspondent banks. Submit requests for up to hundreds of millions of dollars on an overnight basis to help meet both planned and unexpected funding demands.  

 

Bank Assetpoint – Access a nationwide marketplace for new loan opportunities via high-touch service from professionals possessing in-depth knowledge of banks. Bank Assetpoint’s team helps its over 1,400 registered bank participants to connect with each other and with nonbank buyers and sellers to supplement organic loan growth, manage loan concentrations, and explore other complementary interests.

 

ICBA Member Advantages

 

  • Access to free, web-based seminars

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