Estancia Capital Partners Announces Strategic Investment In Reich & Tang Deposit
12/20/21, 8:00 AM
Industry
financial services
Estancia Capital Partners announced today they have entered into a definitive agreement to make a significant investment in R&T Deposit Networks, a leading administrator of reciprocal deposit networks for banks and insured cash sweep programs for broker-dealers and other financial institutions. The investment is intended to accelerate R&T's continued expansion within the fast-growing and dynamic cash management market.
Company Info
Additional Info
R&T is a registered service mark of Reich & Tang deposit Networks, LLC, and offers deposit and liquidity solutions to financial intermediaries around the country. Through its Demand Deposit Marketplace program, R&T provides banks with access to billions in reciprocal deposits and underlying customers with access to high levels of FDIC insurance through participating banks. R&T is the trusted vendor of large broker-dealers and other financial institutions that administers their insured cash sweep programs. The firm is focused on providing unmatched client service by creating, improving, and delivering smarter ideas to help banks, brokerages, trust/wealth managers, RIAs, and public and private sector companies maximize the value of their deposit, liquidity, and short-term investment programs.