ABG Services was founded in 1997 on the basis of facilitating deposit placements between FDIC-member financial institutions and portfolio managers of state & federal credit unions, non-profit organizations, banking institutions and trust companies. By the year 2000, ABG expanded their deposit services to business managers of local government entities such as school districts, counties and other state and local municipalities. Today, ABG is one of the leading deposit referral companies in the industry executing over 24,000 transactions annually.
ABG is owned and managed by its two partners, who monitor and oversee the firm's business strategies and objectives. Dominick Gallelli is the firm's President and Director of Bank Funding; Vincent Arma is Vice President, Head of Investor Sales and Treasurer. Both partners have a combined experience of over 40 years in the CD industry.
ABG has one affiliated company, ICD Securities Incorporated, which is a registered broker-dealer and member of the FINRA (Financial Industry Regulatory Assocation). ICD specializes in underwriting brokered certificates of deposits registered through the Depository Trust Company. It also provides investment services to financial managers of banking institutions, credit unions and municipal entities.