CDARS

Park Bank combines the full protection of FDIC insurance on deposits up to $30 million with the convenience of a single depository account through our affiliation with the Certificate of Deposit Account Registry Service® (CDARS)

This innovative insurance solution involves offering certificates of deposit (CDs) from other network institutions. The program allows you to gain FDIC insurance in aggregate amounts significantly greater than what has traditionally been available through any one financial institution. The benefit to you is maximum financial security minus the administrative challenge of managing multiple accounts.

Park Bank will also work with you to meet your fund availability needs by establishing a laddering program that balances your desire for maximum returns on your deposits with the liquidity you require.

If you would like to learn more about the exciting opportunity Park Bank and CDARS offers for consolidating deposits while maintaining FDIC coverage, please contact a personal banker at any of our locations.