The Republican campaigns’ ATM

Sponsorship

Mark Matassa Jan 12, 2018

Jan 12, 2018

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                <h1>The Republican campaigns’ ATM</h1>
                <h2><p>Let’s say you’re running a presidential campaign, which essentially is a startup business with tremendous needs for cash, with the need for instant transfers of millions of dollars at a time, and likely without much of a credit rating. Where do you stash your cash? Probably not at</p></h2>
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               <p>By <a href="/author/mmatassa-mac-com/">Mark Matassa</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Jan 12, 2018</time></p>
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            <p>Let’s say you’re running a presidential campaign, which essentially is a startup business with tremendous needs for cash, with the need for instant transfers of millions of dollars at a time, and likely without much of a credit rating. Where do you stash your cash? Probably not at the local Bank of America branch. In fact, reports Bloomberg, a small bank in McLean, Va., about half an hour outside Washington, has become the go-to political financial institution, at least for Republicans. As host to the accounts of Jeb Bush, Rand Paul, Rick Perry and Donald Trump, little Chain Bridge Bank reported <a href="http://www.bloomberg.com/politics/articles/2015-07-22/where-candidates-stash-their-cash%20?ref=dev.cascadepbs.org">deposits of $369 million</a> in the first quarter of this year.</p>
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Let’s say you’re running a presidential campaign, which essentially is a startup business with tremendous needs for cash, with the need for instant transfers of millions of dollars at a time, and likely without much of a credit rating. Where do you stash your cash? Probably not at the local Bank of America branch. In fact, reports Bloomberg, a small bank in McLean, Va., about half an hour outside Washington, has become the go-to political financial institution, at least for Republicans. As host to the accounts of Jeb Bush, Rand Paul, Rick Perry and Donald Trump, little Chain Bridge Bank reported deposits of $369 million in the first quarter of this year.

The Republican campaigns’ ATM

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By Mark Matassa