Kevin Bannerton serves as Executive Vice President and Chief Business Development Officer at R&T Deposit Solutions. In this role, he is responsible for shaping R&T’s business growth strategy; identifying new market opportunities, including potential M&A; building strategic partnerships; and overseeing competitive intelligence. He also partners closely with the Sales organization to acquire new clients and expand relationships with existing ones, ensuring R&T continues to deliver innovative, tech-forward solutions that create value across the financial industry. Kevin previously served as R&T’s Chief Product Officer, where he oversaw the strategic direction, development, and performance of the firm’s product portfolio. Since joining R&T through the 2022 acquisition of Total Bank Solutions (TBS), Kevin has played a key role in advancing the firm’s strategy of providing platform-based technology solutions to wealth managers and banks.
Stable Growth Through Reciprocal Deposits
Reciprocal deposits have gained popularity as a way to help banks maximize FDIC insurance by spreading deposits exceeding the $250,000 limit across a network of banks, as Kevin Bannerton, executive vice president and chief product officer at R&T Deposit Solutions, explains in this video. It’s an attractive offering as banks face pressure on net interest margins and regulators have increased scrutiny on liquidity, but banks are limited in how much they can place.
Topics discussed include:
- Why Offer Reciprocal Deposits
- Favorably Viewed by Regulators
- Cost Effective Funding
Terms & conditions apply. R&T Deposit Solutions (“R&T”) is not an FDIC insured institution. FDIC insurance only covers the failure of an FDIC insured institution. Certain conditions must be satisfied for FDIC pass-through deposit insurance coverage to apply. R&T’s programs, themselves, as well as R&T’s other services are not insured by the FDIC, are not deposits and may lose value in certain circumstances as described in the program terms. For a list of insured receiving institutions in R&T’s programs, visit www.rnt.com/receiving-institution-lists. View additional disclosures at www.rnt.com/disclosure/
Kevin Bannerton
Kevin Bannerton serves as Executive Vice President and Chief Business Development Officer at R&T Deposit Solutions. In this role, he is responsible for shaping R&T’s business growth strategy; identifying new market opportunities, including potential M&A; building strategic partnerships; and overseeing competitive intelligence. He also partners closely with the Sales organization to acquire new clients and expand relationships with existing ones, ensuring R&T continues to deliver innovative, tech-forward solutions that create value across the financial industry. Kevin previously served as R&T’s Chief Product Officer, where he oversaw the strategic direction, development, and performance of the firm’s product portfolio. Since joining R&T through the 2022 acquisition of Total Bank Solutions (TBS), Kevin has played a key role in advancing the firm’s strategy of providing platform-based technology solutions to wealth managers and banks.