Bank Assetpoint® – the Marketplace for Bank Assets
Bank Assetpoint was created by a trusted source, Promontory Interfinancial Network, LLC, a company that has developed strong relationships with more than 3,000 financial institutions over the past decade. Promontory provides smart solutions – unique services that derive their value from the power of a Network of thousands of financial institutions. Promontory’s Bank Assetpoint, ICS®, CDARS®, and IND® services enable banks and other financial institutions to sell or buy bank assets; build profitable, million-dollar relationships; manage their balance sheets; and purchase cost-effective funding.
About Bank Assetpoint
Bank Assetpoint is dedicated to helping banks sell and buy bank assets. Banks can use Bank Assetpoint as an asset portfolio management tool to:
- Find new asset opportunities in target industries or locations
- Diversify bank asset holdings
- Reduce asset concentration by industry or geography
- Deploy excess liquidity
- Meet customer needs instead of turning good borrowers away – whether due to deal size, type of loan, or other nonstandard characteristics
Bank Assetpoint provides access to new assets, services, and opportunities. It is open to banks of all sizes and their brokers and advisors. Other eligible entities, such as companies in the business of developing, buying, selling, or managing commercial real estate or in the business of originating, buying, selling, or servicing loan assets, may also participate.