Wholesale Deposit Opportunities
January 2, 2008
by Ryan Shay
The CD Desk is proud to announce that we have significantly enhanced our CD distribution capabilities by adding more than 1500 financial advisors to our list. This dramatically increases the number of potential customers for the CDs we underwrite and distribute on your behalf.
We believe that this will provide you with more efficient and cost-effective access to wholesale funding via the increasingly popular brokered deposit market. According to the FDIC, more than 1/3rd of all community banks (banks with assets < $1 billion) are now utilizing brokered deposits to supplement their retail deposit-gathering efforts, an increase of 25% from the end of 2004!
As an active participant in the brokered CD market for more than 15 years, Shay is committed to delivering the wholesale funds your institution requires.
For more information contact your Shay representative, or call the CD Desk at 800-842-4112.
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