Testimonial Name: Debra Wooley
Testimonial Title: SVP/Controller
Testimonial Company: MountainOne Bank
Testimonial Location: North Adams, Massachusetts
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Testimonial Content:
Preparing for our future loan demand, MountainOne Bank sought to recover our $1.7 million Federal Reserve balance. We chose logicpath Deposit Reclassification to reduce our reserve requirement by reclassifying a portion of our checking accounts to savings. After going live, within a few short weeks, we received our Fed balance back in its entirety; allowing us to reinvest those funds into the communities we serve. We recommend logicpath and their Deposit Reclassification solution to other banks looking to capitalize on low performing assets.
Testimonial State: Massachusetts