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Discover LudwigThe phrase "acquire deposits" is correct and usable in written English.
It can be used in financial or banking contexts when referring to the act of obtaining or collecting deposits from customers or clients.
Example: "The bank aims to acquire deposits from new customers by offering attractive interest rates."
Alternatives: "collect deposits" or "gather deposits".
Exact(1)
Under the terms of the deal announced on Tuesday, the British bank will acquire deposits of £10.9 billion ($17.5 billion) and mortgages worth a combined £5.6 billion from ING Direct U.K. The acquisition also will add 1.5 million customers to its existing 15 million client base, according to a Barclays statement.
Similar(59)
The deal, which could open the door for other Chinese banks to acquire deposit-taking institutions in the United States, was formalized in Chicago, at a ceremony arranged by commerce officials from both countries.
In just eight months Yuebao acquired deposits of over $90 billion through unbeatable conditions of almost double the returns compared to traditional Chinese banks.
In one study, a patient was treated for tooth decay with silver nitrate (AgNO3) and acquired deposits of Ag2Se, which were observed as particulates and confirmed using X-ray emission spectroscopy (Aaseth et al. 1981).
"Most of these banks have already hit the limits to their lending, so the only way to grow loans is to acquire more deposits, which may lead to cutthroat price competition on deposits".
U.S. Bancorp in Minneapolis will acquire its deposits.
Northbrook Bank and Trust Company of NorthBrook agreed to acquire the deposits of Lincoln Park Savings Bank.
Simmons First National Bank of Pine Bluff, Ark., will acquire the deposits of Southwest Community Bank and essentially all of its assets.
Because IndyMac no longer has enough capital to satisfy regulators, the company may no longer acquire big deposits from brokers.
Bank of Ann Arbor in Ann Arbor, Mich., agreed to acquire the deposits and nearly all of its assets.
Meanwhile Citigroup paid $2.1 billion to acquire the deposits and assets of Wachovia Wells Fargo is seen as a buyer in this market.
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