The FHN Financial Capital Markets Brokered Certificate of Deposit Underwriting program offers flexibility to manage liabilities and gathering of deposits without the burden of marketing and administrative costs. It is easy to establish a program with no registration, collateral requirements, no maintenance fees, and minimal documentation.
Advantages of Brokered Deposits for Banks:
Weekly market color and rates from the FHN Financial Capital Markets underwriting desk
Diversified source of funding
Protect your local markets by restricting sales in designated states
Tailor a program to meet your funding needs
No cap on the amount a bank can issue (outside of capital restrictions)
Savings on operational costs associated with traditional retail CDs or internet deposit listing services
Brokered CDs enable a more precise structuring of liabilities to assist in asset/liability management
Model issuance to match fund loans or create a leverage strategy in the bond portfolio
No costs involved to become a member of the underwriting program
No collateral requirements
Competitive with FHLB funding costs
CD / Share Certificate Underwriting Desk
Matthew Lephardt
901.435.8053 (o) | 901.724.7733 (c)
matthew.lephardt@fhnfinancial.com
Ryan Foppoli
901.435.8054 (o) | 901.378.5787 (c)