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| For nearly twenty years, PMA Financial Network, Inc. (PMA) has been providing deposit funding solutions to community banks across America. PMA started in the late 1980s with the introduction of public fund clients (local and national) as a diversified deposit funding source(s) for their community bank partners. PMA's mission was to provide its clients with the best product solution at the most efficient price, while maintaining the principals of integrity, commitment and performance. |
| Throughout the 1990s, PMA continued to expand the methods in which it provided public funds to its community bank partners through the innovative use of excess surety bond insurance. Because of this insurance, PMA's bank partners were able to accept both FDIC insured (small block) deposits and excess FDIC insured (large block) deposits without having to pledge securities. |
| This expanded funding option allowed PMA to proactively partner with its bank clients in an effort to match secure deposit opportunities to their funding needs. These opportunities turned into tailored funding programs ranging from a couple hundred thousand dollars deposited seasonally to multiple hundreds of millions deposited and maintained on an ongoing basis. Through PMA's large and diversified public fund client base, its community bank partners are able to participate in public funds deposits without the volatility associated with a single local public funds depositor. |
| From 2000 through 2005, PMA expanded on the funding program concept by growing delivery options of public funds, streamlining execution, adding stability, adhering to regulatory compliance and enhancing reporting and forecasting ability. |
| In 2005, PMA, in discussion with Qwickrate [Preferred Service Provider for the Independent Community Bankers of America (ICBA®)], determined that they were moving in parallel paths to provide their bank clients with the same solution—a diversified consultative approach to funding. As a result of these discussions, PMA and QwickRate formed a strategic partnership that brought clients both a non–brokered and public funds deposit option. In 2008, PMA and QwickRate added a third deposit option for their community bank clients through deliverable, brokered deposits. These deposit options, alongside the regulatory expertise of QwickRate and the credit expertise of PMA, created one of the broadest sources of bank funding options and services available today. |
| In March 2009, PMA Funding™ (a service of PMA Financial Network, Inc. and PMA Securities, Inc.) debuted as the ICBA Preferred Service Provider for brokered certificates of deposit and public funds deposits. |
| Currently, PMA and QwickRate, in conjunction with the ICBA are working together to provide their community bank partners real time funding solutions tailored to their liquidity plans (immediate, intermediate and long term) that weather all types of markets. |
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