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CLS enhances financial stability through the mitigation of FX settlement risk globally, playing a fundamental role in the FX market. CLS is the only means by which FX settlement risk can be mitigated with finality, using a unique combination of payment-versus-payment settlement in central bank funds, multilateral payment netting and a standard legal framework, supported by a robust and resilient infrastructure. CLS also provides the CLS Aggregation Service LLC -- a collective industry solution that delivers a trade compression service to Settlement Members, reducing operational risk and cost issues. CLS Aggregation Services is a joint venture between CLS Bank (51% owner) and Traiana, Inc. (49%), an ICAP company. In 2012, the US Financial Stability Oversight Council designated CLS as “systemically important” financial market utility. Launched in 2002, CLS settles FX trades between the following 18 currencies: Australian Dollar, Canadian Dollar, Danish Krone, Euro, Hong Kong Dollar, Hungarian Forint, Israeli Shekel, Japanese Yen, Korean Won, Mexican Peso, New Zealand Dollar, Norwegian Krone, Singapore Dollar, South African Rand, Swedish Krona, Swiss Franc, UK Pound and US Dollar Owned by 74 of the world’s leading financial institutions, CLS Group Holdings AG is the parent company of the CLS Group of companies.
At NorStates Bank, we pride ourselves on personally serving each person as a unique individual. We present only the most relevant options and do our best to provide you with accommodating service—service that extends beyond your accounts. Our mission is to provide quality financial and investment services with a personal approach. We build lasting relationships by anticipating needs, listening to concerns, and offering solutions. We are committed to our customers, our community, our employees, and our investors. We Strive to Be: Committed Enthusiastic Fair Positive Proactive Reliable think possible NorStates Bank is a successor to financial institutions dating back to 1919. NorStates Bank is a community bank that has expanded beyond the borders of any one community to provide the highest quality financial services to anyone who calls northeastern Illinois and southeastern Wisconsin their home. As a full service bank with eight locations throughout Lake County, we commit over $400 million in assets to offering our neighbors a complete line of loan, deposit, and cash management services. Our management is comprised of a strong, local board and management team of experienced bankers, many with more than 20 years of service to the bank.
MetroBank is committed to providing innovative products and services to area businesses and the culturally diverse communities of Texas. MetroBank was founded in 1987 to meet the banking needs of the various ethnic communities in Houston.
As first vice president, chief technology officer, McManus will oversee all bank-wide technology investments, assure technology is used productively, securely and within policy and supervise computer systems analysts and computer support technicians. Prior to joining Pathfinder Bank in 2008 as computer operations manager, McManus was employed by Oswego County National Bank as senior network technician, along with PCC Information Services as senior information systems architect. McManus is a graduate of the Leadership Oswego County program and holds a bachelor of arts in information and computer science from State University of Oswego. McManus resides with his wife and son in Oswego. In his spare time, McManus acts as a co-chair Deacon at the Oswego Alliance Church and serves as the board president for Friends of the Oswego Public Library. He also enjoys weight lifting and gardening. In addition, McManus was named one of Oswego County`s “40 under 40” in 2013.
Danvers Savings Bank is a Danvers, MA-based company in the Financial Services sector.