Community OutreachFAQ

Endorsements

American Bankers Association

The American Bankers Association (ABA), through its subsidiary, the Corporation for American Banking (CAB), has endorsed Promontory's Certificate of Deposit Account Registry Service® (CDARS®) to help banks and thrifts to secure large dollar deposits and to retain their customer relationships. The American Bankers Association brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership - which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks - makes ABA the largest banking trade association in the country.

"ABA members continue to tell us that funding for lending and investment activities in their communities is a significant concern. CDARS is a unique solution to address the funding issue. Whether trying to attract retail, commercial, trust, or public sector deposits, CDARS allows banks to offer customers security as well as the convenience of one-stop shopping. It's good for banks, depositors, and the economy. We encourage our members to consider putting this important funding tool to work at their banks."

- Ed Yingling, ABA President and Chief Executive Officer

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Independent Bankers Association of Texas

The Independent Bankers Association of Texas (IBAT) endorses CDARS (or the Certificate of Deposit Account Registry Service), which helps banks and thrifts secure large-dollar deposits and attract and retain their customer relationships.

IBAT is a trade association representing more than 2,000 Texas community banks and branches, and was organized in 1974 "...to promote the interests of independent banking in areas vital to independent banks.” Today, IBAT continues to be a pioneer in providing products and services to its member banks.

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Texas Bankers Association

The TBA Services Company, Inc., known as TBASCO, is a wholly owned subsidiary of the Texas Bankers Association (TBA), and endorses CDARS (or the Certificate of Deposit Account Registry Service), which helps banks and thrifts secure large-dollar deposits and attract and retain their customer relationships.

Since 1885, the TBA has been working to create a dynamic and profitable environment for Texas banks. A TBASCO endorsement means the completion of a lengthy investigative process by an eight-member board of directors, comprised of seven Texas bankers and the TBA President. TBASCO’s reputation for integrity and thorough due diligence means bankers can trust and value the products and services that receive its endorsement.

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Virginia Bankers Association

CDARS is endorsed by VBA Management Services, a subsidiary of the Virginia Bankers Association. The Virginia Bankers Association serves its members by raising awareness of products and services which provide new income opportunities, offer cost savings, train bank employees, or help banks stay in compliance.

The Virginia Bankers Association has served as the organized voice for the Commonwealth’s banking industry since 1893. The Association is dedicated to resolving differences, unifying efforts, and accomplishing member objectives.

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Ohio Bankers League

Promontory Interfinancial Network, LLC is an Endorsed Business Partner of OBL BankServices, a subsidiary of the Ohio Bankers League. OBL BankServices is the Ohio banking industry's buying cooperative for financial products and services. Directed by a board of Ohio bank executives, this subsidiary provides benefit by leveraging the collective purchasing power of member institutions to increase quality and reduce costs.

For more than 100 years, bankers around the state have taken advantage of the vision shared by a few insightful Ohio bankers from the late 1800s. Even though each was a fierce competitor, they realized that great benefits could be achieved through cooperation. Their vision led to the formation of what is now known as the Ohio Bankers League.

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