Promontory Interfinancial Network

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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

Name Occupation Birth Death Known 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

Name Occupation Birth Death Known for

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

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