Correspondent Banking Services
Types of Correspondent Banking Services We Offer
Managing your institution's cash positions and securities portfolios can be costly and time consuming. Correspondent Banking Services from FHLBank Atlanta help you improve profitability and consolidate your financial activities without delays, so you can focus on better serving your customers and community.
Daily Investment Account
Members can access a Daily Investment Account (DIA) to post advance proceeds and repayments, make wire transfers, and enable cash transactions related to securities safekeeping transaction activity.
Send and receive wire transfers to and from other domestic institutions. Our members enjoy same-day credit on all incoming funds.
Members can consolidate securities portfolios, simplify cash management, and immediately pledge eligible securities for advances. Public Unit Deposit pledge services are also available as part of the safekeeping offering.
Shareholder Profile: Progress Bank
With a focus on small business commercial lending in its home state of Alabama, Progress Bank has grown rapidly since its founding 10 years ago.