|
FinistarCore - Wholesale Deposits
In today's highly competitive environment Banks and Thrifts compete daily for traditional deposits to expand their loan activities while enhancing net interest margins. With Finistar's alternative FinistarCore funding solution, FDIC-insured institutions have immediate access to a steady source of wholesale funds without typical collateral requirements or credit limits. Finistar provides these institutions a leading edge treasury service designed to grow as these banks grow.
Finistar Banking Network (FBN)
Community banks can join the FBN to access Finistar as a source of funds. Membership in the network is designed to encourage member banks to make Finistar core to their business. Finistar does not impose any FHLB type restrictions. Community banks simply request funds from Finistar based on their needs on a monthly basis. Register for information on Bank Rates.
Features and Benefits
| Source of Funds | A steady and stable source of funds with which to augment other deposits |
| Fixed Rate | A competitive no bid fixed monthly rate of interest |
| Profitability | Enhanced profitability recognized through increased Net Interest Margins |
| No Fees | Funds available at net transaction - there are no broker or other fees |
| Ease of Use | A streamlined process for deposit gathering and excess cash management |
| Flexibility | Ability to expand lending activities |
| ALCO friendly | Favorable Interest Rate Risk modeling for Asset Liability Committee (ALCO) |
| Reporting | Transaction efficiency through a master account |
Let's Talk
At Finistar, we're revolutionizing banking - to everyone's advantage. Register Now or
call 877.346.4782 to speak with a Finistar representative.
|
