Meet The Team

Mark L. Rader

Mark L. Rader, CPCU, AFSB, MBA

direct 216.367.8082

mrader@oswaldcompanies.com

Mr. Rader leads the Surety Practice for Oswald Companies, a top 50 full lines insurance brokerage based in Cleveland Ohio since 1893.  He has worked in the Surety industry as a trusted advisor for more than 3 decades serving the needs of banks, contractors, and commercial companies of all types and sizes.  He is a recognized expert in the surety business, maintaining high level relationships with all major surety insurers operating in the United States. 

 

J. Burner Crew

J. Burner Crew

direct 216.664.1210 

jbcrew@nirvana-funding.com

Mr. Crew has more than 3 decades of asset management and public funds sector experience starting with E.F. Hutton, then McDonald & Company, KeyBank, and the founding in 2008 of Nirvana Analytics, a full-service asset management and business consulting firm.  He has extensive experience in the capital markets, and deep expertise in the banking industry, including the management of multi-billion dollar surety portfolios to support the collateral needs of financial institutions.

 

Casey Schrader

direct 216.505.8769  

cschrader@oswaldcompanies.com

Casey Schrader is a Sales Associate with Oswald Companies, specializing in the banking and manufacturing industries. His current responsibilities include new business development to assist clients with innovative product and risk management solutions, as well as the identification, management and mitigation of commercial risk. Casey advises and provides tailored solutions that allow businesses to achieve their goals and objectives. He has spent more than 10 years in the service industry, delivering elite-level client experiences.

Backed By Highly Rated Insurance Carriers

We only utilize the nation’s largest and strongest insurance carriers (with extremely high credit ratings) to issue Depositor Bonds. The ratings of these carriers are the strongest type of security next to U.S. government obligations. Credit ratings of each carrier are constantly monitored by S&P, Moody’s, A.M. Best, and the U.S Treasury.

Improve Liquidity & Stress Tests

A primary benefit of Depositor Bonds is the release of a bank’s Tier 1 capital when assets are no longer pledged to secure deposits, which also improves stress tests from regulators.

Diversify Your Collateral Options

We believe it’s prudent for banks to have a diversity of collateral options including U.S. Government Securities, FHLB LOCs, CDARS, and Depositor Bonds. Collateral optionality provides increased flexibility for Treasury and Liquidity operations as market conditions fluctuate.

Reduce Costs & Market Risk

Depositor bonds are stable, cost effective credit instruments which only have a premium charge by the insurance carrier. They do not have market value fluctuations, and do not require any hedging activities to protect their value. When evaluated against the total transfer cost pricing of other collateral options, they are extremely competitive and normally cost less than other collateral options.

Avoid Pledging Collateral

One of the primary advantages of Depositor Bonds is that they do not require the pledge of any bank assets, and are unsecured credit obligations of the bank which do not restrict your balance sheet.

Diversify Your Collateral Options

Depositor bonds provide excess FDIC insurance, which allows your bank to provide any of your larger customers (and new clients) the peace of mind that their deposits are fully insured.