TBA expands endorsement of IntraFi Network’s products

The Texas Bankers Association and its subsidiary, TBA Services Company, announced that it is expanding its endorsement of IntraFi Network’s products to include IntraFi Network Deposits demand deposit account and money market deposit account offerings (formerly ICS), effective Feb. 1.

The endorsement also includes IntraFi’s funding products. The decision is in addition to TBA’s long-standing endorsement of IntraFi Network’s CD offering (formerly CDARS), which it has supported since 2009.

With IntraFi Network Deposits, banks can attract and retain large-dollar customers by offering access to multi-million-dollar FDIC insurance.

“These services have already helped thousands of community banks nationwide, and we know Texas bankers who use them will see their advantages immediately,” said Mark Jacobsen, CEO and cofounder of IntraFi Network (formerly Promontory Interfinancial Network).

Janine Kasper, TBASCO president, added, “The depth of IntraFi Network’s expertise, flexible offerings to fit each individual bank’s needs, and favorable pricing options make them a strong fit for Texas community banks. Over the years, IntraFi Network has provided outstanding service to our members across the state. We are confident our members will find great value in this addition.”

For more information about IntraFi Network, contact Chuck McBrayer at 703-292-3432, Chris Ely at 703-292-5907 or Janine Kasper at 512-560-3674 or [email protected].