Generating growth continues to be a pressing issue for many banks. For some, the priority is making or acquiring new loans. Others are looking to enhance fee income or to grow deposits that can provide long-term value and stable, cost-effective funding. Promontory’s services can help you help your bank meet its asset- and liability-growth goals.
Supplement organic loan growth by acquiring assets in targeted geographic and/or
Through Bank Assetpoint®, your bank can discover performing loan listings that meet its specific criteria.
Originate larger loans by marketing loan participations to a nationwide audience of more than 7,000 participants, including more than 1,300 banks
With Bank Assetpoint, your bank can pursue opportunities that might otherwise be beyond its internal lending limits by creating and marketing loan participations to a nationwide network of banks and other loan buyers.
Earn fee income by selling loan assets
Your bank can use Bank Assetpoint to post loans it wishes to sell to other lenders. In doing so, it can leverage its geographic and industry-specific lending strengths to earn origination and servicing fee income, deepen relationships with existing borrowers, and manage potential concentrations.
Refer specialty borrower requests to other lenders in exchange for fee income
With Bank Assetpoint, your bank can refer certain loan requests that it chooses not to service to other lenders in exchange for fee income. By providing a relevant referral, your bank may be able to satisfy its customers’ needs and protect customer relationships from competitors, all while adding to its bottom line.
Sell excess liquidity for fee income
Using ICS® and/or CDARS®, your bank can sell excess deposits to banks that want funding, enabling your bank to earn fee income and to increase its return on assets during periods of high liquidity.
Attract large-dollar nonmaturity deposits through ICS
Using ICS, the Insured Cash Sweep® service, your bank can attract new, large-dollar deposits from safety-conscious customers and encourage existing customers to consolidate their deposits with your bank by offering access to multi-million-dollar FDIC insurance on funds placed into demand deposit accounts, money market deposit accounts, or both. Your bank can keep the funding or sell it for fee income so that deposit goals do not impact the balance sheet.
Attract large-dollar time deposits through CDARS
Using CDARS, your bank can attract new, large-dollar deposits from safety-conscious customers and encourage existing customers to consolidate their deposits with your bank by offering access to multi-million-dollar FDIC insurance on funds placed into CDs, growing your depositor base and locking in your cost of funds. And, as with ICS, your bank can keep the funding or sell it for fee income.