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A Time of Reckoning for Your Bank's Core Deposits?

Jeff For Banks

The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. According to the Investment Company Institute , money market funds stood at $2.8 And as the chart below shows, these funds are typically paying more than double the community bank money market account rate. FDIC insured.

FDIC 60
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Squared Away- How It Happened

Jeff For Banks

I attended the Pennsylvania Bankers' Association Women in Banking Conference the next day. The challenge was that it was a book designed for community financial institutions. While seventy-five percent done with writing, I read Conscious Capitalism by John Mackey of Whole Foods Market and Raj Sisodia. Very niche.