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Promontory Interfinancial

Promontory helps banks of all sizes thrive, through a Network composed of thousands of financial institutions nationwide and unique services that derive their value from the power of many. Promontory Network members use its solutions – Bank Assetpoint®, Insured Cash Sweep®, or ICS®, CDARS®, IND®, and Yankee Sweep® – to:

Manage their portfolios. Through Bank Assetpoint, Insured Cash Sweep, and CDARS, banks can seek opportunities to buy or sell loans, reduce asset concentrations, grow deposits, lower interest-rate risk, diversify their wholesale funding sources, and manage liquidity.
Reduce collateral requirements. With Insured Cash Sweep and CDARS, banks can free up funds previously invested in collateral for more profitable activities, increasing asset liquidity, and reducing the burden of collateral management.
Find smarter sources of funds. With CDARS, and IND, banks can purchase funding without collateralization or stock purchase requirements. Additionally, banks can use Insured Cash Sweep and CDARS to replace higher-cost, funding choices such as repurchase agreements, letters of credit, and collateralized deposits, and to attract new deposits in million-dollar increments.
Expand customer relationships. With Bank Assetpoint, CDARS, Insured Cash Sweep, and Yankee Sweep, banks can attract and retain high-value customers and expand their cross-selling potential.
Supplement organic loan origination. Through Bank Assetpoint, banks can purchase loans – on a one-off or a flow basis – in industries and/or geographic areas that match their existing expertise or target areas of expansion.

Visit promnetwork.com to find out how Promontory can help your bank manage its balance sheet more profitably.

Contact Information:

Promontory Interfinancial

1300 North 17th Street, Ste 1800
Arlington, VA 22209
Phone: (703) 292-3400 Fax: (703) 528-5700
Contact: Mr. Chuck McBrayer