America's Community Bankers is endorsing a software product that gives community banks access to a network of deposits and investment rates.

Qwick-Rate, by ExpressData Corp., Kennesaw, Ga., is an on-line network of 1,300 banks that share their fund pricing. It lets small banks buy and sell funds as needed without relying on third-party brokers.

Mike Potter, chief operating officer of the trade group's ACB Partners Inc. subsidiary, said that Qwick-Rate can address a common problem for community banks.

"This tool allows members to model their rate offerings to determine the rates required to attract the volume of funding they need," he said.

The software automatically filters out fund quotes that are too risky for the bank's investment policy. The system also produces reports for the board of directors and audit tracking data.

Mr. Potter said Qwick-Rate is the only national network in place, so there were no rival services considered for endorsement. Qwick-Rate will offer an undisclosed discount to ACB members, he said.

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