Monthly Imaged Statements
Receive a detailed account statement every month for easy tracking of your accounts.
Convenience of Working with One Bank
Our bank is the only bank you will need to deal with for all CDARS- and ICS- related services, including deposits, reinvestments, withdrawals, and statements.
FDIC Insurance
Peace of mind associated with access to multi-million-dollar FDIC insurance.
Your information and accounts stay safe. protected, and confidential.
Provides more FDIC Insurance with CDARS and ICS, your large deposits are automatically divided into amounts under the FDIC insurance limit and placed at multiple network banks, giving you full FDIC coverage while you work directly with D.L. Evans Bank
In addition to your monthly statements, you will receive a single year-end 1099 that reports your taxable income (certain investors).
Support your local community by keeping your funds close to home with CDARS.
Ability to Earn CD-Level Returns
Business CDARS and ICS
Bring your business peace of mind.
Your company can enjoy one of these services or a combination of services offering returns and access to the funds you seek — but with robust FDIC insurance.
Is it easy to deposit funds through CDARS?
+
—
Yes, it is as easy as 1,2,3.
Step 1: Set up your account with us and sign a CDARS Deposit Placement Agreement and custodial agreement.
Step 2: Agree to an interest rate with us for the CD maturity selected. We will ask you how you would like your interest to be paid––month-end, quarter-end, semi-annually, year-end, or at maturity––as well as interest proceeds placed into your D.L. Evans Bank account.
Step 3: Make your deposit. We will place your funds through CDARS into multiple CDs, each in an amount under the standard FDIC insurance maximum ($250,000), at other CDARS Network institutions so that both principal and interest are eligible for FDIC coverage. When your CDs are issued, you will receive notification from us confirming your deposits.
How do CDARS & ICS work?
+
—
Institutions like ours that offer CDARS and ICS are members of a special network. When we place your deposit through the CDARS or ICS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The amounts are then placed in CD’s (using CDARS) or money market deposit accounts (using ICS) at multiple banks. As a result, you can access coverage from many institutions while working directly with just one. You receive one monthly statement from our bank for each service in which you participate. As always, your confidential information is protected.
We’re Here to Help
