Grant Street Group Develops CD Auction Website For Zions Direct
February 27, 2007Pittsburgh, PA (February 27, 2007) — Zions Direct, member NASD, a non-banking subsidiary of Zions First National Bank, announced today that it has launched a new online auction platform for FDIC-insured Certificates of Deposit (CDs). Similar to popular Internet auction methods, the CD auctions available at www.auctions.zionsdirect.commay enable individual investors to receive higher yields on… Read more »
Categories: Auctions
Grant Street Completes Successful Implementations of TaxSys® in Florida
December 12, 2006Pittsburgh, PA (December 12, 2006) — In the fall of 2006, Grant Street Group completed the successful implementation of TaxSys® in three Florida Counties, representing 445,055 parcels and 72,036 active Occupational Licenses. TaxSys is a state of the art full service tax collection and billing system for Real Estate, Tangible Personal Property, Occupational Licenses and… Read more »
Categories: Revenue Collection
We Have the Responsibility to Make GICs an Honest Market
December 11, 2006The Bond Buyer – Letter to the Editor December 11, 2006 Nearly two years ago (Jan. 25, 2005) — The Bond Buyer published my letter to the editor: “Technology is the Ultimate Solution to GIC Bid Rigging.” In it I voiced my concerns regarding the old-fashioned, non-transparent process by which bids for GICs are received… Read more »
Categories: Auctions
Grant Street Group Develops ESOARS Auction Website For Zions Bancorporation
June 29, 2006Pittsburgh, PA (June 29, 2006) — Zions Bancorporation announced today that it has successfully completed the first auction of Employee Stock Option Appreciation Rights Securities (ESOARS). Fifty-seven participants submitted 1,149 bids in the auction, held on June 28 and 29, for 93,610 ESOARS units. The market-clearing price was $7.50 and ESOARS units were allocated to… Read more »
Categories: Auctions
Grant Street Completes Third Year of Tax Lien Auctions
June 13, 2006Pittsburgh, PA (June 13, 2006) — Last week, Grant Street Group completed its third year of hosting internet auctions of tax lien certificates. In 2004, Grant Street’s LienAuction was the first-ever website to host tax lien auctions over the internet when four Florida counties Miami-Dade, Okaloosa, Orange and Volusia — conducted sales. Since then, Grant… Read more »
Categories: Auctions | Revenue Collection
West Virginia Treasurer Conducts Internet Auction for CDs
May 16, 2006Pittsburgh, PA (May 16, 2006) — West Virginia State Treasurer John Perdue and the affiliated Board of Treasury Investments conducted an on-line auction today, investing nearly $25 million in certificates of deposit with West Virginia banks. The auction was held on West Virginia’s private-label website (www.BidWVauction.com) created by Grant Street Group. West Virginia joins 9… Read more »
Categories: Auctions
Banner Health Conducts Its First Swap Auction
March 23, 2006Pittsburgh, PA (March 23, 2006) — Banner Health, one of the largest, non-profit healthcare systems in the U.S., utilized Grant Street Group’s Internet auction platform to take competitive bids for the fixed rate component of an interest rate swap. Three financial institutions participated in the open auction in which 61 bids were submitted. At the… Read more »
Categories: Auctions
Grant Street Group’s LienAuction Helps Maricopa County’s “Hopes and Dreams” Come True
February 16, 2006Pittsburgh, PA (February 16, 2006) — The winners have been selected and the funds collected. The verdict: “It looks like it met all our hopes and dreams,” Maricopa County Treasurer David Schweikert said of the county’s first-ever Internet-based tax certificate sale. Grant Street Group, a Pittsburgh-based software company that specializes in customized software applications for… Read more »
Categories: Auctions | Revenue Collection
Nassau County and PFM conduct first-ever open note auction in New York State
December 7, 2005Pittsburgh, PA (December 7, 2005) — This week Nassau County, NY utilized their financial advisor’s PFMauction website – a competitive auction platform created by Grant Street Group to issue $120 Million in Tax Anticipation Notes. In separate auctions for two series of notes — Series A and B — bids were received during 30 minute… Read more »
Categories: Auctions
Lexington-Fayette Urban County Government, Kentucky, uses GFOA YieldAdvantage
September 15, 2005Pittsburgh, PA (September 15, 2005) — Lexington-Fayette Urban County Government, Kentucky placed a $4 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Using the GFOA YieldAdvantagewebsite, state and local governments are able to solicit bids and exchange settlement information easily and efficiently via the Internet. The four… Read more »
Categories: Auctions