Sweep Product Optimizes Cost of Funds, Enables Community Banks to Compete More Effectively...

Sweep Product Optimizes Cost of Funds, Enables Community Banks to Compete More
Effectively for Commercial Customers
Solution Helps Retain Larger Share of Checking Account Balances

SAN FRANCISCO, Jan. 22 /PRNewswire/ -- Banc Investment Group (BIG), the
capital markets unit of Pacific Coast Bankers' Bancshares (PCBB), today
announced a path-breaking sweep account that enables community banks to
optimize the cost of funds and compete more aggressively for commercial
checking accounts.
BIG Dynamic Sweep transforms the typically manual process of monitoring
large checking account balances and automatically determines interest-rate
sensitivity based on the flow of funds in and out of those accounts. BIG
Dynamic Sweep then adjusts interest rates accordingly to retain and capture
deposit balances, while giving customers unlimited check-writing ability.
By automating the sweep process, BIG Dynamic Sweep helps banks maximize
the inflows and outflows of deposits. Using advanced algorithms in the
software, BIG Dynamic Sweep categorizes customers into interest rate tiers
based on rate sensitivity. Each day, the most expensive customer deposits can
be swept off the balance sheet first. The least expensive are swept back onto
the balance sheet as needed.
BIG Dynamic Sweep is built on technology developed by The Reserve,
(http://www.TheR.com), a leading innovator in cash management solutions for
the brokerage, banking and institutional marketplaces.
"BIG Dynamic Sweep is the first solution to enable community banks to
automatically quantify the interest rate sensitivity of their most profitable
customers and proactively adjust rates to retain those deposits," said Chris
Nichols, CEO of Banc Investment Group. "With BIG Dynamic Sweep, community
banks deepen relationships by satisfying their best customers, while having a
greater ability to optimize their own cost of funds. BIG Dynamic Sweep is a
potent tool that levels the playing field by allowing community banks to
compete against brokerages and larger institutions offering higher rates."
BIG Dynamic Sweep software is installed on bank workstations. Bank
personnel can manage funding levels and produce a comprehensive set of
reports. Login protocols ensure that only designated personnel are allowed to
change interest rates and manage funding levels. BIG Dynamic Sweep ensures
that customer accounts comply with Regulation D and Q.
"BIG Dynamic Sweep is a state-of-the-art platform that is secure, reliable
and easy to use," said Bruce Bent II, Vice Chairman and President of The
Reserve. "The technology driving BIG Dynamic Sweep offers the same level of
sophistication as those deployed by the world's largest institutional money
managers. For community banks, BIG Dynamic Sweep fundamentally changes the
game."
For more information, contact Ramu Singh, Managing Director, Banc
Investment Group, mmiddletonmailto:@bancinvestment.com, 877.777.0412.
About Banc Investment Group
Banc Investment Group (BIG), LLC, is the capital markets subsidiary of
Pacific Coast Bankers' Bancshares and a sister company to Pacific Coast
Bankers' Bank. Serving community banks across the U.S., BIG offers a
comprehensive range of wholesale products, including asset-liability
management; credit stress testing; loan purchases and sales; fixed-income
securities, an array of liability products, as well as other products and
consulting services. Headquartered in San Francisco, BIG can be reached at
877.777.0412, or http://www.bancinvestment.com.
About The Reserve
Founded in 1970, The Reserve is the leading innovator in cash management
for the brokerage, banking and institutional marketplaces. In addition to
launching the world's first money market fund, The Reserve has developed a
full suite of innovative cash management solutions, including the industry's
first FDIC-insured money market sweep program, diverse money market fund
offerings, unique bank cash sweep services and cutting-edge enhanced cash
products. Today The Reserve manages more than $65 billion -- serving millions
of individuals and hundreds of institutions. Additional information is
available at http://www.TheR.com.
SOURCE Banc Investment Group, LLC

Greg Berardi of Blue Marlin Partners, +1-415-239-7826,
greg@bluemarlinpartners.com, for Banc Investment Group, LLC