- 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
Mark Lipa CFO
One of our main goals is to increase our overall liquidity. Our reserve requirement increased significantly due to recent acquisitions, and by implementing Deposit Reclassification, we freed up more than $6.8 million and eliminated the need to borrow Fed Funds.