Bankers' Bank of Kansas Joins NBID Network
Bankers’ Bank of Kansas (BBOK) is excited to announce our partnership with The National Bank InterDeposit Company (NBID), the first bank-owned deposit network. This partnership connects BBOK customers with the growing NBID deposit network for direct oversight and alignment over their reciprocal deposit infrastructure. NBID’s member banks are located across 49 states in the U.S. and represent over 52% of the existing reciprocal deposit market by volume.
Bank participants in the NBID network can take advantage of several benefits, including:
- Alignment and Oversight: Participating depository institutions nominate a majority of NBID’s board of directors.
- Significant Cost Savings: Members joining soon receive first year preferential pricing
- Net Profit Sharing: Members joining soon receive first year preferential pricing
- Seamless Technology: Members joining soon receive first year preferential pricing