Search
 

Online Platform Focuses on Bank Assets

ARLINGTON, VA-GlobeSt.com learns exclusively that Promontory Interfinancial is launching a marketplace for lenders, brokers and advisers to share—and hopefully move—bank assets.

By John Salustri | Updated on February 01, 2013

ARLINGTON, VA-GlobeSt.com has learned exclusively that locally based Promontory Interfinancial Network is taking its service offerings to another level with the creation of a shared platform for targeting bank assets for sale. Called Bank Assetpoint, the online platform is actually a two-tiered strategy offering users, whether they be banks, brokers other lenders or advisers, a way to search for assets and touch base with other participants in the space.

Currently serving some 3,000 banks nationwide, Promontory based the offering on client focus groups and reflects the need for banks to keep their balance sheets clean. “Typically the company works on the liability side of the balance sheet,” explains senior managing director Rich Walter. “In the focus groups our clients told us they want to know what we could do for them on the asset side of the equation.” The firm is currently in the process of loading listings and participants to the platform, which launches today.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.