Outside of sweeping funds directly into Network Banks, Hatch Bank may also select third party service providers to facilitate the Deposit Network Service. Hatch Bank is currently using Stable Custody Group II LLC and Reich & Tang Deposit Solutions LLC (collectively “Reich and Tang”) to help administrate the Deposit Network Service. Reich and Tang is a firm that specializes in deposit and liquidity management for FDIC-insured depository institutions and NCUA credit unions. You can learn more about Reich and Tang at https://www.reichandtang.com/.
Who is administering the Deposit Network Service?
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