CDARS is a service Pacific Enterprise Bank uses to provide customers with multi-million dollar FDIC insurance coverage - and it happens to be the easiest, most convenient way to protect large deposits.
Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank -Pacific Enterprise Bank- you can receive insurance through many.
With CDARS, Pacific Enterprise Bank can now offer its business customers:
For more information about CDARS: Click here
Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARDS is a registered service mark of Promotory Interfinancial Network, LLC.