Local Government Bodies

Such as state pension funds, clerk of the courts, and other public funds:

• Have a fiduciary responsibility to deposit cash in secure instruments
• Accountability to donors/public
• Seek high liquidity
• Require minimal/no market risk
• Are used to low returns and would find Finistar’s return very compelling
• Would find the political/economic benefit of keeping funds in state compelling

State pension funds, clerks of the courts and other local government bodies have similar motivations as the non-profit organizations but with the added political advantage that their funds can remain in-state serving local community banks. Certain additional benefits can be derived by these government bodies when they work with Finistar to allocate funds to community banks that serve under-privileged communities.

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