- 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
Charles Christmas SVP & Chief Financial Officer
We are very pleased with the Deposit Reclassification program that logicpath presented to us. Utilizing their program, we were able to completely eliminate the need to maintain a non-interest bearing balance of almost $8 million with the Federal Reserve. The elimination of this non-earning asset provided us the opportunity to lessen our wholesale funding balances, thereby providing a meaningful positive impact on our earnings. We are most appreciative of logicpath’s consultants and their insight and guidance throughout the process.