- 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
Craig Cobb CFO
American Bank & Trust maintained a $4.1mm reserve balance. We worked with logicpath to deploy their Deposit Reclassification solution in order to gain immediate access to this balance to contribute to our agricultural lending within our community. Our implementation was straight forward and accomplished in 40 days with little impact on our resources. Deposit Reclassification contributed to our banks bottom line immediately post implementation, and the benefits of not keeping a reserve balance enable us to tap into a once idle balance to fund loans within our community.