Some banks think of SCCM as a depositor, we think of them as a branch without all the overhead."
Today, more than 1,000 banks use StoneCastle as a gateway to gain access to high-quality deposits from large corporations, endowments, universities and other institutions that are simply too large for most community banks to independently solicit.
1,000 banks use StoneCastle as a cheaper alternative to traditional branch deposits. The fully loaded cost of branch deposit funding is expensive, and our bank clients benefit from the cost-efficiency, flexibility and stability of our deposit funding.
1
We have been a stable source of funding for hundreds of banks for more than a decade. Many of our partners think of us as their most efficient "branch".
2
We are honored that many banks and regulators have welcomed our innovative solutions and seek our opinion on the rapidly changing landscape of deposit funding.
3
We advocate for a healthy banking industry by helping community banks grow and compete with larger money center banks.
