Looking for a way to keep large deposits safe?  Ask us about CDARS®.  It’s a great solution for: businesses * nonprofit organizations * public fund managers * trustees * financial advisors * individuals * credit unions * IRAs

With CDARS, you can access multi-million-dollar FDIC protection through Flathead 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 or your business. 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.  Individual investors receive one year-end tax form.
  
  
• Community Investment – The full amount 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?
Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then, those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank – our bank – you can receive insurance through many.

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. 

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 on an ongoing basis 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, 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 Flathead 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.