Long Time Liquidity Management Experts Launch a Unified Brand and Website

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May 03, 2023, 08:00 ET

NEW YORK, May 3, 2023 /PRNewswire/ -- Reich & Tang Deposit Solutions and Total Bank Solutions, leading providers of tech-enabled liquidity management, deposit funding, and securities-based lending programs, today announced their rebranding of the combined firm as R&T Deposit Solutions ("R&T"). The new brand represents the union of two industry leaders with a secure and unified platform and commitment to deliver innovative solutions to meet the evolving needs of the firm's bank, credit union, trust and wealth management clients.

"I am thrilled to unveil our new brand and website," says Joseph Jerkovich, CEO. "This latest chapter marks a significant milestone in our journey and reflects our unwavering commitment to delivering cutting-edge solutions. This is the start of a broader marketing campaign to raise the awareness of our firm, our people, and our capabilities. With an unwavering focus on our clients and their needs, we are poised to continue our positive momentum."

To support its next phase of growth, the firm also moved its combined operations into a new state-of-the-art office space at 1370 Broadway in New York City. The midtown building has been remodeled with best-in-class technical infrastructure.

"R&T Deposit Solutions brings together the innovative technology and deep industry knowledge of the unified company," states Joseph Sarbinowski, Executive Vice President and Chief Operating Officer. "We will continue to leverage our combined resources and expertise to offer an unparalleled range of customized digital solutions that enable our clients to streamline operations and drive growth."

As part of the rebrand, R&T developed a new comprehensive website that offers a user-friendly interface, improved navigation, and many updated features. The goal of this initiative is to improve the convenience and accessibility of information critical to a successful customer experience.

"We are taking this opportunity to build on the trust and confidence our clients and increase our visibility and awareness in the marketplace." explains Kevin Bannerton, Executive Vice President and Head of Wealth Management, "We want everyone to know how our solutions have helped improve the way financial institutions serve their customers and how we are differentiated through our commitment to service excellence."

About R&T

Founded in 1974, Reich & Tang Deposit Networks, LLC (d/b/a R&T Deposit Solutions) and its affiliates provide deposit and liquidity solutions to financial intermediaries around the country. With over $200 billion in assets under administration, R&T offers a wide range of innovative tech-enabled services to help banks, credit unions, trust companies and wealth managers meet their unique cash sweep, deposit funding, and securities-based lending needs. Through the Demand Deposit Marketplace^® (DDM^®) program, R&T provides banks and other depository institutions with access to millions of dollars in reciprocal deposits, and underlying customers with access to expanded levels of FDIC insurance on their deposits through other participating banks. R&T also is the trusted vendor of large broker-dealers and other financial institutions that administer their insured cash sweep programs.

Media Contact:
Teresa Murphy
212.830.5240
[email protected]

Copyright © 2023 Reich & Tang Deposit Networks, LLC (d/b/a R&T Deposit Solutions). All rights reserved. Reich & Tang Deposit Networks, LLC, Reich & Tang Deposit Solutions, LLC, Stable Custody Group II LLC and Total Deposits Solutions, LLC (each, d/b/a R&T Deposit Solutions, and each a Delaware limited liability company) and/or their affiliates (together, "R&T", "us" or "we") provide administrative and/or recordkeeping services to banks, credit unions, trust companies, wealth management firms, broker-dealers and other financial institutions with respect to sweep and other programs we administer, including the Demand Deposit Marketplace^® ("DDM^®") and Reich & Tang Insured Deposits ("RTID^®") programs. R&T also provides other services, including the Loan Management System ("LMS") and R&T Bank Monitor services. All of our services are provided subject to the terms and conditions of the written agreements entered into between us and our client with respect to the service, and we provide no representations or warranties, express or implied, except as expressly set forth in those agreements. Click here for legal and other disclosures. Click here for a list of the banks and savings associations with which we have a business relationship for the placement of deposits under the programs we administer and into which a participating institution may place deposits (subject to the terms of the program and any opt-outs by the participating institution and/or its customers). R&T is NOT a depository, bank or credit union and the programs we administer are NOT, themselves, FDIC-insured or NCUSIF-insured products. Demand Deposit Marketplace^®, DDM^®, RTID^®, Reich & Tang^® and R&T^® are registered marks of Reich & Tang Deposit Networks, LLC (d/b/a R&T Deposit Solutions). Total Bank Solutions^® and TBS Bank Monitor^® are registered marks of Total Deposit Solutions, LLC (d/b/a R&T Deposit Solutions). R&T Fusion^SM and Fusion by R&T^SM are pending marks of Reich & Tang Deposit Networks, LLC (d/b/a R&T Deposit Solutions).