Multi-Bank Securities

What Multi-Bank Securities does

Multi-Bank Securities, Inc. (MBS) is a privately held, veteran-owned fixed-income securities broker-dealer founded in 1987 and headquartered in Southfield, Michigan, operating under parent company Multi-Bank Services, Ltd. The firm serves institutional investors nationwide — community banks, credit unions, municipalities, public funds, pension funds, asset managers, and corporations — through nine U.S. regional offices and a 4,000+ institutional account base. Core business lines comprise fixed-income securities brokerage (Treasuries, agencies, CDs, MBS, CMOs, corporate notes, municipal bonds), wholesale deposit funding for FDIC- and NCUA-insured institutions, capital markets underwriting (Fannie Mae, Freddie Mac, Farmer Mac, FHLB, FFCB, and corporate securities), stock repurchase execution under Rule 10b-18, and investment banking (M&A advisory and capital raising) launched in 2023.

The technology stack is anchored by the proprietary eConnectDirect online platform aggregating CD offerings from hundreds of broker-dealers, supplemented by FDIC insurance scrub technology for monitoring depositor coverage, ICE BondEdge for portfolio analytics, and the Multi-Bank Securities Institute educational portal. The firm is registered with FINRA, SIPC, and MSRB, and is certified as a Service-Disabled Veteran-Owned Business.

MBS earns revenue exclusively through transaction-based fees spread across five streams: broker-dealer trading commissions, securities underwriting fees (as co-manager or selling group member), placement agent fees on private capital raises, stock repurchase execution fees, and pledge account fees of 10-20 basis points charged monthly on client assets held in custody at BNY Pershing. There are no retail fees and no subscription pricing. GTM is field-sales-led via dedicated account representatives, supplemented by event marketing at state treasury and credit union association conferences, and distributed through a 500+ broker-dealer network plus three industry trade platforms.

Name

Multi-Bank Securities

Legal name

Multi-Bank Securities, Inc.

Website

https://mbssecurities.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Multi-Bank Securities is a veteran-owned, privately held fixed-income broker-dealer serving 4,000+ institutional investors nationwide via nine U.S. offices, offering fixed-income brokerage, wholesale deposit funding, agency and corporate underwriting, stock repurchase execution, and investment banking advisory.

Ownership category

akta.pro rank

Product category

Institutional Fixed-Income Broker-Dealer

NAICS

Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Agency MBS Securitization & Issuance (GSE/Ginnie) (FSALAFAA)

akta.pro secondary industries

Mortgage-Backed Securities (MBS) Trading, Market Making & Liquidity Provision (FSALAFAF), Mortgage-Backed Securities (RMBS/CMBS) (FSACACAB), Management Buyouts (MBO/MBI) & Sponsor-Led Transactions Advisory (FSAEAGAI)

Keywords

• Fixed-income brokerage
• Institutional securities
• Debt underwriting
• Treasury securities
• Investment banking services

Headquarters

HQ city

Southfield

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Broker-Dealer Trading and Transaction Fees: MBS executes trades in fixed-income securities as a broker-dealer, earning commissions and transaction fees on securities trades for institutional investors.
2. Underwriting Revenue: MBS underwrites debt securities including DTC-eligible CDs, agency securities (Fannie Mae, Freddie Mac, Farmer Mac, FFCB, FHLB), and corporate securities, earning underwriting fees as co-manager or selling group member.
3. Capital Raising/Placement Agent Fees: MBS serves as placement agent or selling broker for capital raising transactions, helping community banks and non-bank lenders raise capital including private placements of debt and equity securities.
4. Stock Repurchase Services: MBS offers stock buyback execution services under Rule 10b-18 to U.S. corporations, charging fees for managing 10b5-1 trading plans and executing buyback programs.
5. Pledge Account Fees: Institutional investors may be charged a fee for pledging assets held in custody at BNY Pershing, between 10 and 20 basis points, charged monthly out of interest income.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Multi-Bank Securities, Inc. (MBS) is an institutional fixed-income broker-dealer that provides broker-dealer services, debt underwriting, investment banking, and fixed-income securities trading to financial institutions including banks, credit unions, municipalities, and pension funds. The firm offers access to U.S. Treasury and Agency securities, corporate notes, municipal bonds, mortgage-backed securities, certificates of deposit, and commercial paper, supported by a proprietary online trading platform.

Product overview

Multi-Bank Securities, Inc. is a veteran-owned, fixed-income securities broker-dealer operating since 1988 with a multi-product platform architecture. The core offering combines investment products (Treasury, Agency, mortgage-backed, corporate, municipal securities, and CRA-targeted investments), funding products (brokered CDs, wholesale deposits via eConnectDirect platform), and capital markets services (underwriting, trading, distribution). The firm expanded in 2023 to offer investment banking (M&A advisory, capital raising) and maintains a Community Impact MBS Program for CRA-eligible targeted investments. Technology infrastructure includes the proprietary eConnectDirect online platform, FDIC insurance monitoring tools, and ICE BondEdge analytics integration. Educational support is provided through the Multi-Bank Securities Institute.

Differentiator

Problem solved

Functional benefit

Brands

• eConnectDirect: Proprietary online investment platform for fixed-income securities and CDs for institutional market
• Multi-Bank Securities Institute

Products and services

• Fixed-Income Securities Brokerage

Quantifiable outcome

• Over $30 billion in agency debt underwritten since 2012
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Corporate One Federal Credit UnioncoreStrategic or Co-development PartnerMulti-Bank Securities and Corporate One Federal Credit Union (Columbus, OH) formed a strategic relationship to provide investment products and securities-related services to credit unions. The relationship allows Corporate One to expand its credit union securities offerings to include DTC-eligible certificates of deposit and funding resources, along with free safekeeping and portfolio analysis reports through BondEdge.
• ICE BondEdgecoreTechnology or IntegrationICE provides its flagship fixed-income analytical software BondEdge to Multi-Bank Securities. MBS's experienced fixed-income analysts utilize BondEdge to provide in-depth portfolio analysis and monitoring as a service to clients.
• National Association of Counties (NACo)coreStrategic or Co-development PartnerNACo's Financial Services Center launched an exclusive partnership with MBS to help members manage their fixed-income investment needs through a robust online platform, eConnectDirect.
• BNY PershingcoreOthersMBS chose BNY Pershing as its clearing firm and third-party safekeeping provider. BNY Pershing fulfills back office duties including receipt and delivery of fixed-income securities and provides custody services.
• Bankers' Bank NortheastminorStrategic or Co-development PartnerMBS formed a strategic alliance with Bankers' Bank Northeast to expand service capabilities.
• Fannie MaecoreOthersMBS is an approved underwriter for Fannie Mae through its ACCESS program, enabling underwriting of agency debt securities.
• Freddie MaccoreOthersMBS is an approved underwriter for Freddie Mac through its Supplier Diversity Program, enabling participation in multifamily and other agency securities.
• Federal Home Loan BankscoreOthersMBS is an approved underwriter for the Federal Home Loan Banks through their Diversity and Inclusion Program.
• Federal Agricultural Mortgage Corporation (Farmer Mac)coreOthersMBS is an approved underwriter for Farmer Mac debt securities.
• Federal Farm Credit BankscoreOthersMBS is a dealer in the Federal Farm Credit Banks Bond and Designated Discount Note Selling Group.

Scale indicators8 records

Recent moves10 records

Expansion highlights16 records

Direct peers

• Hilltop Securities: Independent fixed-income broker-dealer serving institutional investors, public entities and community banks across the U.S. with comparable capital markets, public finance and brokered CD offerings — directly overlapping MBS's institutional distribution and agency underwriting footprint.
• Siebert Williams Shank: Minority- and women-owned investment bank and broker-dealer with public finance, capital markets and fixed-income distribution practices. Highly comparable to MBS as a diversity-certified, community-bank-focused broker-dealer.
• Loop Capital Markets: Diverse-owned investment bank and broker-dealer specializing in public finance, municipal underwriting and institutional fixed-income trading. Direct competitor for community bank advisory mandates and GSE underwriting co-manager roles.
• StoneX Group: Global institutional broker-dealer with a substantial fixed-income, securities and commodities intermediation franchise serving institutional clients — competing with MBS in agency, corporate and structured product distribution.
• Cabrera Capital Markets: Minority- and veteran-affiliated broker-dealer offering public finance, institutional sales and trading, and investment banking to community-based clients — overlapping MBS's depository institution, municipal and GSE underwriting activities.
• FHN Financial: Fixed-income capital markets subsidiary of First Horizon Bank providing institutional sales, trading and underwriting of agency, mortgage and municipal securities — directly comparable agency debt market-making franchise.
• Blaylock Van: Minority-owned fixed-income broker-dealer focused on institutional sales, trading and underwriting of corporate, agency and municipal securities — a closely comparable specialty fixed-income franchise with similar diversity-certification positioning.

Broad incumbents

• Piper Sandler: Mid-market full-service investment bank and broker-dealer with substantial community bank advisory and fixed-income distribution businesses — a scaled incumbent in adjacent deal flow and underwriting.
• KeyBanc Capital Markets: Middle-market investment banking arm of KeyCorp providing fixed-income, equity and advisory services across depository institutions. Overlaps MBS's investment banking and community bank coverage at larger scale.

Others

• BNY Mellon Capital Markets: Capital markets and fixed-income franchise of BNY Mellon, parent of Pershing — MBS's clearing partner. Operates agency, mortgage and Treasury trading alongside MBS but at vastly greater scale, and is structurally an upstream infrastructure counterparty rather than a head-to-head competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Multi-Bank Securities