The First State Bank can offer you extended FDIC coverage, up to $50 million, because we are members of a special network known as CDARS. CDARS® is the Certificate of Deposit Account Registry Service ® When you place a large deposit with The First State Bank, we use CDARS to place your funds into certificates of deposit issued by banks in the CDARS network. This occurs in increments of less than $100,000 to ensure that both principal and interest are eligible for full FDIC insurance. Other network members do the same thing with their customers' deposits.
With CDARS you sign one agreement, earn one interest rate and receive one statement all from one bank. The First State Bank.
*The First State Bank provides the [www.cdars.com] Web site as a service to the public and Web site owners.
The First State Bank is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site. While the information contained within the site is periodically updated, no guarantee is given that the information provided in this Web site is correct, complete, and up-to-date.
Although the The First State Bank Web site may include links providing direct access to other Internet resources, including Web sites, The First State Bank is not responsible for the accuracy or content of information contained in these sites.
Links from The First State Bank to third-party sites do not constitute an endorsement by The First State Bank of the parties or their products and services. The appearance on the Web site of advertisements and product or service information does not constitute an endorsement by The First State Bank, and The First State Bank has not investigated the claims made by any advertiser. Product information is based solely on material received from suppliers.