Large Deposit Insurance

Protect Large Cash Balances Without Managing Multiple Banks with ICS & CDARS

Protect Your Investments

Many businesses, nonprofits, municipalities, and fiduciaries regularly maintain cash balances well above standard FDIC insurance limits.

Through ICS® (IntraFi Cash Service®) and CDARS®, First City Bank can help protect those funds by providing access to millions of dollars in aggregate FDIC insurance across a network of participating banks, all while you continue working directly with one trusted banking relationship.

How it works

Rather than opening accounts at multiple financial institutions yourself, First City Bank places your deposits in amounts eligible for FDIC insurance across participating banks within the IntraFi network.

You continue working with one bank, receive consolidated statements, and maintain one trusted banking relationship while gaining access to expanded FDIC insurance coverage.

Millions in aggregate FDIC insurance.

Work with one trusted bank while accessing expanded FDIC insurance through participating network banks.

Choose the Right Solution

ICS

Designed for funds you may need to access.

Ideal for:

Operating cash
Money market balances
Demand deposit accounts
Businesses with ongoing liquidity needs

CDARS

Designed for funds you want to invest for a fixed period.

Ideal for:

Certificates of Deposit
Reserve funds
Longer-term cash balances
Organizations seeking predictable returns

Feature	ICS	CDARS
Deposit Type	Demand Deposit & Money Market	Certificates of Deposit
Liquidity	Daily access	Fixed term
FDIC Coverage	Expanded across network	Expanded across network
Ideal For	Operating cash	Reserve or investment funds
Work with One Bank	Yes	Yes

Benefits

Instead of the six long paragraphs IntraFi provides, I’d use six icons:
Expanded FDIC Protection
Access millions in aggregate FDIC insurance through participating network banks.
One Banking Relationship
Manage your deposits through First City Bank instead of multiple financial institutions.
Flexible Liquidity
Choose demand deposits, money market accounts, CDs, or a combination that fits your cash management strategy.
Competitive Returns
Earn attractive returns while maintaining FDIC insurance eligibility.
Simple Reporting
Receive consolidated reporting through your First City Bank relationship.
Support Your Community¹
Eligible deposits can continue supporting local lending and economic growth.

FAQ

Why use ICS or CDARS?

With the ICS, IntraFi Cash Service®, and CDARS services, you can enjoy the safety and simplicity that comes with access to millions of dollars in aggregate FDIC insurance across network banks. You can choose to place your funds in demand deposit accounts and money market deposit accounts using ICS, CDs using CDARS, or any combination that offers the returns and access to funds you seek.

A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.

With ICS and CDARS, you can have Peace of Mind. Through economic ups and downs, no depositor has ever lost a penny of funds placed through ICS or CDARS.

Flexibility. Multiple liquidity options are available to meet your needs. Enjoy daily access to funds placed through ICS into demand deposit accounts and money market deposit accounts. CDARS offers placement of funds in CDs with a range of maturities between 4 weeks and 3 years.

Favorable Returns. Risk-averse depositors do not have to sacrifice safety for returns. ICS and CDARS can offer returns that compare to those earned from Treasuries and government money market mutual funds.

Time Savings and Transparent Reporting. Forego the need to manage multiple bank relationships. See account balances and accrued interest for ICS and CDARS, 24/7, with an online dashboard. Also, for ICS, see online which banks hold your funds. For both services, receive regular statements with detailed reporting provided by your local bank.

Reduced Collateralization Burden. Save time by eliminating the need to track changing collateral values on an ongoing basis or having to footnote uninsured deposits in financial statements.

Community Support. The full amount of your funds placed through IntraFi’s services can stay local to support lending opportunities that build a stronger community.¹

How can deposits greater than the standard FDIC insurance maximum be eligible for insurance by the FDIC?

The FDIC insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at each FDIC-insured depository institution. Banks that offer IntraFi’s services are members of IntraFi’s network of financial institutions. When your funds are placed through the services, they are divided into amounts under the standard FDIC maximum of $250,000 and placed with other network members—each an FDIC-insured

institution. Your deposits are placed in a manner that makes them eligible for FDIC insurance at each member bank. By working directly with one network member, you can access insurance through many.

Who has custody of my funds?

Funds placed through ICS and CDARS are deposited only at FDIC-insured institutions. We act as custodian for your deposits placed, and The Bank of New York Mellon acts as subcustodian.

Who provides the additional FDIC insurance when my funds are placed using ICS and CDARS?

Through ICS and CDARS, funds are placed in deposit accounts in amounts less than the FDIC insurance maximum at members of IntraFi’s network of financial institutions, and those network members provide you with access to the additional FDIC insurance coverage. Working directly with just one bank, you can access coverage through many FDIC-insured institutions.

Is my account information safe?

Your confidential information remains protected; your relationship remains between you and us.

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 ICS and CDARS is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through ICS and CDARS at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks. The depositor may exclude banks from eligibility to receive its funds. To meet conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using ICS and CDARS are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA before settlement for deposits or after settlement for withdrawals. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS and CDARS satisfies any restrictions on its deposits. ICS, IntraFi Cash Service, and CDARS are registered service marks of IntraFi LLC.

Need to Protect Large Cash Balances?

Our bankers can help determine whether ICS or CDARS is the right solution for your organization.