Welcome to Bankers' Bank
Correspondent Days 2009Nearly 300 bankers from Illinois, Iowa, and Wisconsin participated in Bankers’ Bank’s Correspondent Days held in early June. Thank you to everyone who attended as well as to the following companies that helped sponsor these events: Custom House, Federal Reserve Bank, Goldleaf Financial Solutions, Open Solutions, Roth & Company, and Wipfli.
For those unable to attend, you can access the morning presentations through these links:
- Current Investment Environment
- International Services for Community Banks
- Mortgage Products for Today's Market
BANKERS’ BANK 2009 OPERATIONS SEMINARS
SAVE THE DATE
We will again be hosting four one day operations training seminars at no cost to our customers. We will discuss back room hot topics, friendly processing reminders, enhancements and efficiencies for several products and services.
Please mark your calendars for one of the following:
September 29th, Kings Pointe, Storm Lake IA
September 30th, Cedar Rapids Marriott, Cedar Rapids IA
October 6th, Radisson Hotel, Madison WI
October 7th, Wausau Golf & Country Club, Wausau WI
General session topics to include:
International ACH Transactions-presented by WACHA
Autosolution Enhancements
Breakout workshops:
International Processing
OWN.IT Questions and Answers
ACH Balancing Practices
Check Adjustment Tips
Investment Safekeeping and Accounting
Bankcard Information
Please make plans to attend a session convenient for you and watch for more detail in the coming months!!
AGENT FEDERAL FUNDS
Bankers' Bank has a longstanding Agent Federal Funds program that offers disclosure designed for security through geographic and institutional diversification. The program mitigates concentration risk and saves the expense of multiple sales and wire transfers.
- Funds are sold to other FDIC insured, domestically chartered institutions
- Approximately 100 purchasing institutions are approved and typically 15-30 of these participate as upstream banks on a daily basis
- The financial condition of the upstream banks are analyzed quarterly
- Daily monitoring occurs for safety and soundness
- Regulation F ratios and condensed call report information for agent banks are located under the Products and Services/Federal Funds tab on this website
- Rates, net of the agent fee, most often exceed those paid by other correspondent banks
- Daily advices/receipts are provided which depict amounts and to whom sold upstream as well as rate received
For additional information on the Agent Federal Funds program, please contact us at (800) 388-5550.
ASSISTING IN YOUR SUCCESS
For the calendar year, 254 financial institutions in our geographic region subscribed to nearly 340 products and services offered by Bankers' Bank.
From leasing services, cash letter, credit card, investment products, loan participations, and retail brokerage to secondary mortgage market opportunities, financial institutions are witnessing the benefits of a business relationship with Bankers' Bank.
We deliver cost effective products and services which will enable you to compete in highly competitive markets. Our customer service is above reproach and we are Always your Partner - Never your Competitor™.
Please refer to the Products and Services icon at the top of this page to see how Bankers' Bank can enhance your ability to provide a vast array of opportunity to your customer base.
OWN.IT™ - Image Cash Letter Solution
OWN.IT™ is an industry leading cash letter solution provided by Bankers' Bank. More than 270 client banks are enjoying the benefits that OWN.IT offers. The client to client item exchange enables banks to clear checks at reduced fees with improved availability of funds. Bankers' Bank is one of the Midwest’s largest image exchange networks with more than 10 million checks cleared each month.
To learn more about this exciting product that can reduce your clearing costs, help you gain operational efficiencies and improve your availability contact your Correspondent Officer today.
MORTGAGE LENDING - REACH BORROWERS WITHOUT ADDING STAFF
Do your loan officers multi-task completing agricultural, automobile, boat, commercial and residential mortgage loans? Is your competition offering more programs without appearing to increase staff to handle the additional loan volume? With all of the loan products a bank offers, residential mortgage loans are by far the most regulated, rate sensitive, and time consuming.
Expand your mortgage program without adding staff by using Bankers' Bank Community Mortgage Program. We have designated personnel to provide support to your lending staff for mortgage loan processing and/or closing document preparation.
Just in the past year, our Community Mortgage department has added the following programs: Interest Only Fixed and ARM, End Construction Loan (with a one time rate drop provision), Manufactured Home Loans, Stated Income/Stated Asset, and Combination 80/15.
For more information regarding the Community Mortgage Program, refer to the Products and Services section on this web page or you may contact your Correspondent Officer or Allen Grady.
CAPITAL MARKET PROGRAMS
Bankers' Bank has introduced a DTC Eligible Certificate of Deposit Funding Program for community banks. Well capitalized banks have the ability to receive CD deposits that are DTC eligible. Banks can take $1 – 50 million in deposits and Bankers' Bank will facilitate clearing through DTC, meaning one payment will take care of all deposits. Settlement generally occurs as quickly as 8 days after the order is placed with no additional fees through Bankers' Bank. Settlement will occur through your DDA account at Bankers' Bank. Unlike FHLB advances, no collateral is required.
Bankers' Bank also continues to provide a Municipal Certificate of Deposit Program. This program is eligible only to Wisconsin banks as funding is derived through 7 different Wisconsin municipalities and Government Agencies. Currently, over $560 million is placed in nearly 200 banks through these programs.
For more information on these alternative funding programs, please contact the Investment Department at (800) 955-4468.
TRUST PREFERRED SECURITIES
Bankers' Bank has been advising banks on Trust Preferred Securities since they became available to community banks. We will walk you through the entire process.
Bankers' Bank provides a very competitive pooled option to issuers of Trust Preferred Securities. We are constantly in the Trust Preferred market and will provide insight to community banks throughout the process. We have worked with issuing banks with assets from $50 million to over $4 billion.
For more information on Trust Preferred Securities, please contact the Investment Department at (800) 955-4468.
PRIME RATE DECREASE
The Prime Rate has decreased by .75% from 4.00% to 3.25% effective December 17, 2008.
EMPLOYMENT OPPORTUNITIES
Are you looking for career opportunities? Check out our Employment section and enhance your career!
An Equal Housing Lender