CDARS

Looking for a way to keep LARGE deposits safe?

Ask us about CDARS^®  !

It’s a great solution for:

Ø      Business

Ø      Nonprofit Organizations

Ø      Public Funds

Ø      IRA’s

With CDARS, you can access FDIC protection on multi-million dollar CD investments

through First National Bank.  There are few guarantees in life – FDIC insurance is

one of them. CDARS can be a valuable cash management or longer-term investment

tool for you.¹  

Why CDARS?

It's one-stop shopping.  With help from CDARS, you can access:

•          Safety – Your money can access multi-million dollar FDIC insurance coverage. 

•          Convenience – You work directly with us.  You earn one interest rate and receive

       one regular statement, and one year-end tax form.

•          Community Investment – The full value of your money can support lending

       opportunities in your local community.²

•          CD-Level Rates – Your money earns CD-level returns which may compare

       favorably with other investment alternatives, including Treasuries, corporate

       sweep accounts, and money market funds.

How does CDARS work?

We are a member of a special network.  When you place a large amount with us, we

place your funds into CDs issued by other banks in the same network – in increments

of less than the standard FDIC insurance maximum – so that both principal and interest

are eligible for complete FDIC protection.  As a result, you can receive coverage from

many banks while working with just one.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount

of your original deposit back to our bank.  As a result, we can make the full amount of

your deposit available for community lending purposes. ²

What else should I know?

Now, you no longer have to spend time managing multiple bank relationships,

administering various interest rates, organizing interest disbursements from various

sources, or manually consolidating monthly statements.  This reduces your

administrative burden, especially during tax and financial reporting seasons. 

And with CDARS, you can eliminate the need to monitor changing collateral values –

another time saving convenience. 

Of course, your confidential account information remains protected. 

Ask us about how CDARS can work for you the next time you visit one of our branches.

1          Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with

         First National Bank.  The agreement contains important information and conditions regarding the placement of funds by us.  

2          This benefit applies to some, but not all types of CDARS transactions.  Let us know if this benefit is important to you,

         so that we can explain the relevant terms and conditions in more detail.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.