ABA Banking Journal Podcast
About This Show
Show Info:
The latest banking industry and regulatory news, brought to you weekly by the American Bankers Association's award-winning Newsbytes team. Hosted by Evan Sparks and Shaun Kern and featuring guest interviews.Read more »
The latest banking industry and regulatory news, brought to you weekly by the American Bankers Association's award-winning Newsbytes team. Hosted by Evan Sparks and Shaun Kern and featuring guest interviews.Read Less
Most Recent Episode
How Community Banks Can Take Advantage of Reciprocal Deposits
2 days ago
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24 minutes
When asked which provision of the S. 2155 regulatory reform bill would be most meaningful to them, community bankers were most likely to rank the policy change to make most reciprocal deposits non-brokered. On the latest episode of the ABA Banking Journal Podcast, two community bankers -- Tony Collins of Southern Bank and Trust and Jim Di Misa of Community Bank of the Chesapeake -- join Steve Kinner of Promontory Interfinancial Network to explain how the new law's provisions put their banks in a more competitive position. Collins, Di Misa and Kinner discuss how using reciprocal deposits can help banks: Compete for large-dollar deposits from local businesses, nonprofits and civic institutions by providing FDIC insurance in excess of the $250,000 limit Support efforts to recruit these businesses as loan customers Lock in low-cost deposit funding and replace funding referred through listing servicesRead more »
When asked which provision of the S. 2155 regulatory reform bill would be most meaningful to them, community bankers were most likely to rank the policy change to make most reciprocal deposits non-brokered. On the latest episode of the ABA Banking Journal Podcast, two community bankers -- Tony Collins of Southern Bank and Trust and Jim Di Misa of Community Bank of the Chesapeake -- join Steve Kinner of Promontory Interfinancial Network to explain how the new law's provisions put their banks in a more competitive position. Collins, Di Misa and Kinner discuss how using reciprocal deposits can help banks: Compete for large-dollar deposits from local businesses, nonprofits and civic institutions by providing FDIC insurance in excess of the $250,000 limit Support efforts to recruit these businesses as loan customers Lock in low-cost deposit funding and replace funding referred through listing servicesRead Less
