For the bank buying a cleaned-up institution, the purchase can be a quick way to broaden its deposit base.
Banks bid because it gives them a low-cost way of expanding their deposit base.
The industry's total deposit base was left at $926.5 billion as of the end of February.
First Interstate has been regarded as a well-run bank with a good deposit base.
We are looking at institutions, most of whom have relatively expensive deposits and no clear-cut way in which the deposit base is liquidated.
Banks, on the other hand, look at withholding as a threat to their deposit base.
It is important to have a diversified deposit base without undue reliance on one particular economic sector or region of the world.
Banks based in Basilan have a total deposit base of more than Php764,500,000.
This practice allowed him to grow his deposit base at a rate of 83 percent a year.
Republic, in turn, will get Manhattan's low-cost deposit base.