Forget about stashing your cash with Bank of America, JPMorgan or Citigroup. The real grandfathers of finance take their dough to Fieldpoint Private Bank & Trust. The Greenwich institution was founded by some ex-Merrill Lynch execs, including Dan Tully and David Komansky, in 2008 as a place where senior BSD’s can get the top notch service they deserve.
Those who have the wherewithal to bank with Fieldpoint include James Kilts, former CEO of Gillette; private equity pioneer Jerome Kohlberg; John “Launny” Steffens; former Home Depot CEO Bernie Marcus; Ken Langone and Joe Grano. (No, you can’t play Dick Fuld and Stan O’Neal)
The bank, which now has $345 million in assets, offers premium services including helping former Time Inc. honcho Reginald Brack refinance his daughter’s apartment, among other things.
The bank helped him revise an outdated estate plan, refinanced his daughter’s apartment, put him together with outside money managers he likes, and holds a lot of his cash. Like many relatively small banks, Fieldpoint sometimes turns over deposits above $250,000 (the current FDIC insurance limit) to the Certificate of Deposit Account Registry Service (CDARS), which spreads the excess among its network of banks. Because the CDARS system helps to attract deposits, Brack calls it our “electric toaster.”
The Millionaire Boys’ Bank [Fortune]
Fuck you, Kouwe.
can i get overdraft protection? i’ll open an account there
-initial deposit 100,000 shares of LEH
Kouwe, I hear they’re ok with plagiarism there. Just an FYI if this doesn’t work out for you.
So this afternoon I was taking my post lunch Kouwe when I had a genius idea. “Budding” essentially a chick “ices” another chick with a Budweiser, I am totally open to modifying the beverage/name, suggestions are welcome.
A nutless monkey could do your job Kouwe. Seriously though a nutless monkey.
KOUWE!!!!!!!!!!!!!!!!
this message is for Dan Tully. glad to see you landed a job you certainly are with a group
o fheavy hitters. but with the money you fellows made during thr gravy years. what is loosing a bunch of money. i feel for don regas family not too much only because i was a
regan man.. dan i remember when in 1985 i wanted too come back. you the guy who used to back slap me when i saw you you put me down at the 1/4 centry dinner. with a “are you kidding” that was 1985. dattilo still has the memory at 85. so much so when i aw the mortgage bundling busiiness. i said this is a scheme for the poor, i was poor once
but i never saw crap like this . so for 3years i had everything in i and 2 yrar treasury.
and if i was an officer there i would have fired, oneal,etc. for you forgot dan we italians developed the banking business god luck with the bunch of has beens . but you lucke out into the chairmanship and got the loot that went with that stint. i will end now asi have to go to work on obama and the unions. i write for those seeking advice. do you need any
peter a. dattilo bnd man