Since 1996, Finance 500 has specialized in the underwriting of FDIC-insured Certificates of Deposit issued by banks across the country. The Firm has established itself as a well known leader in this particular niche. Each year the firm raises billions of dollars in new funds for insured banking institutions through the DTC Brokered CD Program.
More than 2,000 community banks across the country have partnered with Finance 500 in handling the underwriting and issuance of their certificates of deposit over the last two decades. Because of our deep understanding of the brokered deposit business and the in-depth relationships we maintain with banks and brokerage firms, Finance 500 has built a solid reputation for high-quality service and dependable performance. It is not by chance that 1 out of every 5 banks in the nation continue to use Finance 500 for assistance with their wholesale funding needs.
A Value Added Resource
Brokered deposits allow banks to acquire new funds from financial sources around the country which is used in lending to support and enrich their communities. By this means, the banks avoid the marketing, personnel and administrative costs they would otherwise pay if only soliciting funds locally or through a branch network. Brokered deposits are also an inexpensive alternative to borrowing from the Federal Home Loan Bank, and often less expensive and less time consuming then various online CD listing services.