Deposit Funding Compass Week of December 28, 2023

We’d like to highlight some funding specials that are somewhat speculative given they are 10-20 BPS lower than what is currently outstanding on the same terms, however, with a lack of product overall and continued strong demand, we feel that we can move appreciable volume at the stated rates. We would be willing to firm the first $1MM on each and work towards a total of $5-10MM, or any targeted notional amount. 

We’d also like draw attention to callable CD structures that would allow the issuing bank to cancel the funding in full after the 3-6 month lockout period at no additional cost, if interest rates were to move lower into the tenor. Callable CD structures allow for term funding with the built-in cancel option that provides balance sheet flexibility into what could shape up to be a volatile bond market in the near term. Having the ability to cancel and refinance the funding should hold a lot of appeal and value. Please see today’s funding opportunities. 

Additional Resources

Deposit Funding Compass Week of July 12, 2023

We have an opportunity today to offer any banks that might be looking to lock in funding at current market levels on a firm commitment, quicker settle basis. Our in-house clients have a large surplus of funds to put to work with not enough new bank names available to show them at this time. As…
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Deposit Funding Compass Week of July 6, 2023

The US labor market showed fresh signs of resilience on Thursday as private hiring surged per ADP; layoffs slowed and filings for unemployment stayed relatively low. US companies added almost 500k jobs last month, the most in over a year. Meanwhile, weekly filings for jobless benefits rose by 12K to 248K according to the Labor…
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The Foundation of the Finance Industry

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