- Reclaim up to 10% of your transactional deposits for reinvestment
- Permanently recover your Federal Reserve Bank balance
- Immediately impact your bottom line in less than 45 days with Deposit Reclassification
Randy Johnson VP of Operations
Central Bank recently acquired seven additional branch locations, which resulted in a significant increase in the bank’s reserve requirement. In response, Central Bank implemented logicpath's Deposit Reclassification to free those low-earning, non-liquid funds from the Federal Reserve Bank to fund more lending and higher yield investment opportunities. When we added the new branches, we also absorbed those branches’ deposit bases, which had an immediate impact on our Federal Reserve requirement levels. Concurrently, we have been experiencing a high demand for loans, so we needed a way to free up more funds to meet this opportunity, and logicpath's Deposit Reclassification enabled us to do so.