The story
History and activities
BanxQuote was established by its parent BanxCorp in 1984, and its Internet operations were launched at a BanxQuote National Banking Conference held at Salomon Brothers in New York, on April 7, 1995.
Clients of the firm have included hundreds of financial institutions nationwide and its indexes were frequently used as a trusted source and performance benchmark by public policymakers, government agencies, major banks and corporations.
BanxQuote operated an online national banking marketplace for 15 years, until its exit in 2010.
It featured rates on money market accounts, savings and jumbo certificate of deposit (CDs), mortgage loans, home equity and auto loans for various terms and amounts.
BanxQuote also provided proprietary state-by-state, regional, and national composite benchmarks for its various banking and lending products. Clients of the firm have included hundreds of banks and financial institutions nationwide. In 1985, The Wall Street Journal started featuring BanxQuote for 17 consecutive years.
Foundations, non-profit, judiciary, and religious organizations
F.B. Heron Foundation - has established performance benchmarks for each asset class in its mission-related portfolio. The benchmark for deposits is the national average for two-year jumbo deposits as reported by BanxQuote.
Michigan Court, Michigan Judicial Institute - CitiStreet Investing Webcast
Diocese of Monterey, California In 2007, the bishop of Monterey established a policy that all funds of the Monterey diocese deposited in its Cash Management and Deposit and Loan programs would earn a rate tied to the BanxQuote Money Market Rate.
From Wikipedia’s article on BanxQuote, shared under CC BY-SA 4.0.4