3 ms·

Couldn't they just go with a local credit union?

• clintonb 7y ago
  Probably not. As another commenter noted with Seattle, the needs of larger organizations often exceed the capabilities of smaller banks and credit unions. Holding cash is easy. The backend processing—processing check deposits, sending checks, corporate cards, etc.—requires a lot of investment that most smaller banks and credit unions outsource. Wells Fargo and Bank of America have the benefit of having built all of this already.