What others are saying

Testimonials

What’s happening in the industry today can have an impact on your business tomorrow. We’re here to provide the information you need and the insights you want from people you can trust. Come back often as we update frequently.

What Bankers Say

With the help of [IntraFi] and access they provide to multi-million-dollar FDIC insurance, we’ve been able to build loyal, large-dollar relationships.

Jim Langmead
EagleBank, MD

Delivers a great product with absolutely phenomenal client experience. A true partner.

Banker

I have seen nothing but forward thinking and innovation recently at [IntraFi], and I love it! There is beauty in simplicity, and [IntraFi] offers this along with bells and whistles when we need them.

Banker

IntraFi’s customer service is top-notch—they’re proactive, they anticipate our needs, and they do the extra leg-work to make things as seamless for us as possible. I’ve never worked with a more supportive team, much less had a negative experience.

Ruth McCloud
CityFirst Bank

I have worked with [IntraFi] since 2009, and I have been continually impressed by the way they continue to seek out innovation with not only the financial institutions in mind, but also the customer experience. Staff [is] typically top notch and extraordinarily responsive.

Banker

With ICS, we compete by having the opportunity to offer a valued product that offers security to our depositors who want to earn interest. A community bank may be well-known in the community but often must compete with the global banks that may have more notoriety and the perception of greater financial strength.

Patti H. Judson
Bank of Ann Arbor, MI

It’s fair to say that [IntraFi's] offerings provide a lifeline to minority-owned banks by enabling our members to attract large deposits from civic-minded and socially motivated investors and to put those deposits to work in communities we serve.

Kim Saunders
National Bankers Association

Outstanding record of being responsive and engaged.

Banker

Reciprocal deposits help us better manage our balance sheet. We can more easily determine what to do with excess liquidity and easily follow through on those decisions which lowers our cost of funds and increases our profitability. Most importantly, reciprocal deposits give us another way to further our support for our communities.

George Musselman
TransPecos Banks

IntraFi has provided a wonderful tool for us to fund the expansion of the bank

Brian Argrett
CityFirst Bank

Community banking is still vibrant, and it’s made more vibrant because of the tools we have at our disposal, such as those provided by IntraFi.

Luanne Cundiff
First State Bank of St. Charles

The ACT Deposit Program created a secure and efficient way for community development banks to attract and retain large institutional deposits

Jeannine Jacokes
Community Development Bankers Association

The most important factor in a turnaround is to ensure your capital is adequate….One-Way Sell allowed us to move deposits off our balance sheet to shrink the asset size of the bank and help our capital ratio.

Banker
$300 million bank in the southwest

[IntraFi] wants to serve us. It’s all about the relationship.

Ken Burgess
First Capital Bank of TX

Because we are a member of the [IntraFi] network, we have an opportunity to generate fee income on deposits we are not using for lending when loan demand is slack.

Phil Guarnieri
Empire State Bank

ACT is really an expansion of the funding pool and of the relationships that drive success at MDIs and CDFIs. It's a long-term play, not a short-term gap-filler,

Brian Argrett
City First Bank

Our public funds customers appreciate knowing that when they place their funds through ICS, those funds are eligible for FDIC protection beyond $250,000 and earn interest. That benefits them, as well as local taxpayers, as our bank can make those funds available for investment within the community.

Mario Martinez
Catskill Hudson Bank, NY

We enjoy being able to replace repos and letters of credit, as well as reducing our need for collateral, with [ICS and CDARS].

Chris Huss
CoBiz Bank, CO

What Depositors Say

Tell me a reason not to be doing this(reciprocal deposits)? There isn’t one.

Phil Ruden
Prodigy LLC

The previous Treasurer kept all the money in local government pools, and then had pledged securities as collateral. All of the money was not local. They didn't have any local banks. So what I did when I came in as treasurer was analyze those accounts and move a large portion of our money to local community banks. [Our city] is the state capital, but it is a very small town so to speak. Now, having that money in municipal local banks was important for me because then the local banks can then lend that money out to local businesses. I worked for 25 years in banking and understand that concept, so it was important to me that the municipality helped support the local financial institutions. Without IntraFi that would not have been possible.

City Treasurer

Our school system has utilized the CDARS service for years and is very pleased about the addition of the ICS service. With CDARS, we have access to FDIC insurance on our funds that are invested for a longer timeframe while meeting our investment policy mandates and earning CD-level returns. With ICS, we can protect and invest our funds on a shorter-term basis while earning a return. CDARS and ICS combined provide us with an efficient cash management solution.

Doris Gasper
Beloit Schools District 273, Beloit KS

I like that I can log in [to the ICS Depositor Control Panel] and see where funds are and can show a client to explain how more than $250K is insured. It’s nice to pull up a website and show them where their money is, even if in 25 different banks overnight.

Vice President
Religious-Based Fund

An important motivator in our using a single bank is that the business is a cash business, and every day we must make trips to the bank, as the company collects money from customers on a daily basis. Many still pay in checks. Having one bank to work with [using ICS and CDARS] makes it much easier.

President
Wine and Spirit Importer

The tool(reciprocal deposits) provides a very healthy balance for the safety, liquidity, and yield.

Brendan McDermott
Jackson Hole Children's Museum

Great partners! Critical to achieving our on-balance-sheet deposit goals.

Banker

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