İstanbul escort bayan sivas escort samsun escort bayan sakarya escort Muğla escort Mersin escort Escort malatya Escort konya Kocaeli Escort Kayseri Escort izmir escort bayan hatay bayan escort antep Escort bayan eskişehir escort bayan erzurum escort bayan elazığ escort diyarbakır escort escort bayan Çanakkale Bursa Escort bayan Balıkesir escort aydın Escort Antalya Escort ankara bayan escort Adana Escort bayan

60.3 F
San Diego
Wednesday, May 22, 2024
-Advertisement-

Local Banks Reap Rewards From County Funds, and Vice Versa

A program investing funds from the county’s investment pool into local banks hit its five-year target of $100 million three years early, said San Diego County Treasurer-Tax Collector Dan McAllister on Feb. 26.

The local banking initiative that began in May 2006 sought to take more of the county-controlled money and put it into certificates of deposit in local banks, rather than putting it in out-of-the-area banks.

McAllister said the goals set for the program were $10 million in the first year, $50 million by the end of the third year, and $100 million by year five.

The investment pool for nearly 110 public agencies, mainly smaller school and fire districts, ranges in size from $4 billion to $6 billion, depending on the time of the year.

The banks participating in the program are: 1st Centennial Bank, Coronado First Bank, Bank of the West, California Bank & Trust, Comerica Bank, Discovery Bank, Metro United Bank, Home Bank of California, San Diego Private Bank, Imperial Capital Bank, 1st Pacific Bank of California, Neighborhood National Bank, Pacific Trust Bank, Regents Bank, San Diego National Bank, Torrey Pines Bank, Pacific Western Bank and Security Business Bank of San Diego.

, Mike Allen

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-