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Looking for a way to keep large deposits safe? Ask us about CDARS®.


CDARS provides access to multi-million dollar FDIC protection through Stonegate Bank1. 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.


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

  • Safety – You can receive 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.
  • 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 members of a special network. When you place your funds with us, we place them into certificates of deposit issued by other banks in the network – in increments of less than $250,000 – so that both your principal and interest are eligible for complete FDIC protection. With help from a sophisticated matching system, we exchange deposits with other banks that are members of the network.

Who is eligible?

It’s a great solution for individuals, businesses, nonprofit organizations, trustees, financial advisors and IRAs.

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 offices, or contact us for more information.

1 Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Stonegate Bank. The agreement contains important information and conditions regarding the placement of funds by us.


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


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