USAmeriBank signs up with Derivative Path

Derivative Path, Inc. is pleased to announce that USAmeriBank (OTCMKTS: USAB), a bank with over $3.4 billion in assets based in Clearwater, FL, has signed up with Derivative Path to execute, manage, and service its interest rate derivatives portfolio.

After months of evaluating various trading platforms as well as derivatives advisory companies, USAmeriBank chose Derivative Path. The bank was focused on finding a firm which offered a scalable trading platform to manage the full lifecycle of its derivative trades, and it found that and more in Derivative Path.

”We needed a highly functional front- and back-office platform to manage our growing derivatives book,” said David Ide, Chief Investment Officer at USAmeriBank. “This platform makes our front-office more effective in being able to price different structures on the fly while making our back-office more efficient.  DerivativeEDGETM will be of tremendous help as we build on our already robust financial strength, a key as we help our customers with their banking needs.”

Read the full press release here