Welcome to the Power of Partnership
At ICBB, service, partnership, and relationship-building are at the heart of everything we do. We understand the unique challenges and opportunities that community banks face, and that’s why we’re here to support you every step of the way. We’re ready to be your trusted correspondent partner, offering tailored solutions that empower your bank to thrive and remain competitive against the big banks and credit unions. We bring to the table 35 years of experience in community banking, and a commitment to see you succeed.
We invite you to take the first step toward the best relationship your bank will ever have. When you deposit and settle with us, you can:
- maximize your daily investible position with a Demand Deposit Account,
- coordinate effective investment of your Fed Funds,
- monitor your position in real-time with our BBCONNECT portal,
- pay a flat fee based on asset size,
- partner with a dedicated and responsive account executive,
- get top-notch customer service,
- and so much more.
Choose Between a Basic or Premier Account
Choose between an FDIC-insured Basic or Premier Demand Deposit Account, with a Target Balance of $50,000 or $250,000. With each type of account, you’ll get:
- Federal Funds account with interest posted daily
- A Fed Funds line of credit (with DDA overdraft protection included)
- 1 on-site BBCONNECT training session
- Monthly shareholder discount with purchase of stock
Choose the account that’s right for you:
Premier Account Holders Pay a Flat Rate for Settlement Services
Your correspondent partner should make managing your bank’s budget easier, not more complicated. That’s why instead of paying per transaction for settlement services, premier account holders at ICBB will pay a flat rate based on their asset size. Enjoy the peace of mind of a predictable expense, and watch your settlement position improve with our simple settlement process:
- We receive your federal reserve settlement into your ICBB demand deposit account (DDA).
- Interest is paid on Federal Funds invested with ICBB and credited daily to your DDA.
- We sell your excess funds through our Agent Federal Fund or Fed Fund + program in increments of $1,000.00**
- You monitor your daily settlement position in real time via BBConnect platform.
*Evaluated annually
**Agency Federal Funds mitigates your concentration risk by distributing your funds pro-rata to our approved upstream financial institutions that have been evaluated to meet our
specific financial guidelines.
Meet Kentucky Account Executives
Time is valuable. Don’t waste it with a correspondent provider that fails to deliver exceptional service, and risk losing ground to the big banks. Choose the power of partnership and watch your bank thrive in today’s dynamic financial landscape. Take the first step today toward the best relationship your bank will ever have.
