The American Bankers Association (ABA) has endorsed Promontory Interfinancial Network's Insured Cash Sweep® service. This service helps banks attract large-dollar deposits that can be used for lending in their local communities.
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.
Promontory Interfinancial Network's services offer a versatile suite of financial solutions for banks of every size and type. The company has a solid track record of success in helping banks to improve their bottom line. We encourage all ABA members to find out how to put these services to work at their bank.
—Christine Walika, Executive Vice President
Community Bank Group and ABA Endorsed Solutions Group
The TBA Services Company, Inc., known as TBASCO, is a wholly owned subsidiary of the Texas Bankers Association (TBA), and endorses CDARS, the Certificate of Deposit Account Registry Service, which helps banks and thrifts secure large-dollar deposits and attract and retain their customer relationships.
CDARS, the Certificate of Deposit Account Registry Service, is endorsed by VBA Management Services, Inc., a subsidiary of the Virginia Bankers Association. The Virginia Bankers Association serves its members by raising awareness of products and services, which provide new income opportunities, offer cost savings, train bank employees, or help banks stay in compliance.
Independent Bankers Association of Texas (IBAT) endorses CDARS, the Certificate of Deposit Account Registry Service, and has entered into a strategic marketing relationship with Promontory Interfinancial Network for ICS, the Insured Cash Sweep service. These Promontory Network services help banks and thrifts secure large-dollar deposits and attract and retain their customer relationships.