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Promontory Interfinancial Network

COMPANY

Operator of CDARS, the Certificate of Deposit Account Registry Service. This invention permits the $100,000 FDIC insurance on deposits to be spread over multiple institutions to cover large deposits exceeding that amount. That is theory -- it is untested if in a large series of defaults whether these would actually be covered.

Official Website:
http://www.promnetwork.com/

Industry:
Finance

Ticker:
(private)

Corporate headquarters:
Arlington, VA

CURRENT BOARD MEMBERS OR DIRECTORS

NameOccupationBirthDeathKnown for
Ken Duberstein
Government
21-Apr-1944   Reagan's Chief of Staff, 1988-89
Frank N. Newman
Business
20-Apr-1942   CEO of Bankers Trust, 1996-99
Warren Rudman
Politician
18-May-1930   US Senator from New Hampshire, 1980-93
Frank G. Zarb
Business
17-Feb-1935   US Energy Czar, 1974-77

PAST BOARD MEMBERS OR DIRECTORS

NameOccupationBirthDeathKnown for
Anne L. Armstrong
Government
27-Dec-1927 30-Jul-2008 US Ambassador to the UK, 1976-77


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