ICS & CDARS

¹A list identifying IntraFi network banks can be found at www.IntraFi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the ICS® or CDARS® Network, the relationship institution can use the full amount of a deposit placed through ICS® or CDARS® for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositors’ consent, and if authorized under state law, a bank may choose to receive fee income instead of deposits from the banks. Under these circumstances, deposited funds would not be available for local lending. Placement of funds through the ICS® or CDARS® service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the ICS® savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS® or CDARS® settlement for a deposit or after ICS® or CDARS® settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS® or CDARS® satisfies those restrictions. ICS®, Insured Cash Sweep®, and CDARS® are registered service marks of Promontory Interfinancial Network, LLC. ² Review our Personal Annual Percentage Yields (APY) for all interest bearing personal accounts. ³ Review our Business Annual Percentage Yields (APY) for all interest bearing business accounts.