How ICS and CDARS Work

By working directly with us - a bank you already know and trust - you can receive access to multi-million-dollar FDIC insurance coverage on your funds.

Institutions, like ours, that offer ICS and CDARS are members of the IntraFi network.  When we place your funds through the ICS and CDARS service, that deposit is divided into amounts under the standard $250,000.  The funds are then placed in demand deposit accounts and/or money market deposit account using ICS or in CDs using CDARS, 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 you use, and, as always, your confidential information is protected.

Enjoy Peace of Mind

Rest assured knowing that your funds are eligible for multi-million-dollar FDIC insurance protection at IntraFI network banks that's backed by the full faith and credit of the federal government.  And ICS and CDARS are not subject to floating net asset values, so you can feel secure knowing that market volatility will not negatively affect your principal.

Earn Interest

Put cash balances to work in demand deposit accounts or money market deposit accounts with ICS and/or in CDs with CDARS.

Access Funds

With ICS, maintain access to your funds placed in demand deposit accounts.  With CDARS, select from multiple term options to meet your liquidity needs.

Save Time

Work directly with us - a bank you know and trust - to access multi-million-dollar FDIC insurance and forgo the need to use repo sweeps or to track collateral on an ongoing basis.

Support Your Community

Feel good knowing that the full amount of your funds placed through ICS and CDARS, can stay local to support lending opportunities that build a stronger community.
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[1] When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS or CDARS, our bank 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 depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions.  Under these circumstances, deposited funds would not be available for local lending.
Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements.  Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA") at any one destination bank, a depositor's balances at the institution that places deposits may exceed the SMDIA, (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank).  The depositor must make necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits.  A list identifying IntraFi network banks appears at  The depositor may exclude banks from eligibility to receive its funds.  ICS and CDARS are registered service marks of IntraFi Network LLC.



Virginia: (217) 452-3041

Petersburg: (217) 632-2247

Havana (309) 543-6454

Jacksonville (217) 243-9505