A Time of Reckoning for Your Bank's Core Deposits?
Jeff For Banks
MARCH 31, 2018
Bye-bye municipal deposits. So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. A significant source of liquidity. I got news for you John. We might lose municipal deposits regardless.
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