Bankers’ Bank Northeast (BBN), based in Glastonbury, CT, was founded in 1998 and is one of 17 bankers’ banks nationally. The Bank offers a variety of correspondent services to community financial institutions throughout the six New England states, New York and New Jersey. BBN is committed to offering products and services that enhance the customer experience and improves profitability.
BBN’s strategic plan included the implementation of a bank-wide reconciliation platform to automate daily, monthly and quarterly reconciliations that were being manually processed. Primarily the Bank wanted to automate matching of the ever-gro
First National Bankers Bank (FNBB), headquartered in Baton Rouge, Louisiana, was chartered as the first national Bankers Bank in the United States in 1984. It is, in essence, a bank set up by, and for the purpose of providing services to, community banks. FNBB commenced operations with 28 shareholder institutions of its bank-owned cooperative to provide correspondent banking services to its members. This prepared the way for the phenomenal growth that FNBB would experience over the next two decades. Today, with assets of approximately $1 billion, FNBB delivers banking services to over 700 community banks throughout the Southeast of the country.