Network Voices: What Bankers Are Saying About NBID
What Bankers Are Saying About NBID
Hear directly from community and regional bank leaders across the NBID network. These are the bankers at the forefront of a bank-owned shift in deposit management.
"The NBID team is always willing to hop on a call, and we love the platform. The network is awesome, but it is your team's service level that sets you apart. It's amazing to give feedback and then see it implemented less than a week later."
Joe Christifano, CFO
Pony Express Bank
"Working with municipalities is core to our mission at OceanFirst, but collateral requirements can restrict a significant level of borrowing capacity through our FHLB relationship. NBID's network and structure changes the economics for us. We can now provide our municipal partners with access to additional security without posting any collateral at a materially lower cost. Community and regional banks can leverage the NBID network as a superior alternative to collateralization when working with municipalities."
Chris Maher, CEO
OceanFirst Bank
"Over the past 20 years, reciprocal deposits have grown to become a vital service for community and regional banks, allowing them to remain competitive and thrive. The value of these networks are the banks themselves, which motivated the creation of NBID. Now, member banks can benefit from the networks they power."
Gene Ludwig, Cofounder & Managing Partner
Canapi Ventures
"What sets NBID apart is that the network is bank-driven. Byline Bank joined because we wanted a greater sense of upside and alignment over our deposit infrastructure."
Alberto Paracchini, President and CEO
Byline Bank
"Community banks have historically been forced to choose between turning away good customers or accepting deposits that hurt their margins and tie up capital. NBID's one-way sweep rate and economics change that equation entirely. Banks can now maintain those relationships, keep deposits local, generate fee income, and earn effective fed funds while keeping their balance sheets optimized. It's a significant advantage in how community banks can approach deposit gathering."
Pat Kennedy, Executive Chairman
TransPecos Banks
"NBID's bank-governed model offers a compelling way for community and regional banks to collaborate with oversight, alignment, and transparency over critical deposit network infrastructure. As deposit insurance reform remains a top-of-mind topic across the banking ecosystem, I see reciprocal networks as a complement and resource banks can continue to leverage."
Kenneth Kelly, Chairman & CEO
First Independence Bank
NBID LLC is not a bank. Deposit insurance covers the failure of insured institutions, not NBID. Deposits are placed at FDIC-insured network institutions and are eligible for pass-through insurance up to $250,000 per institution. Certain conditions must be satisfied for "pass-through" FDIC deposit insurance coverage to apply.
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