Full FDIC Coverage for Your Deposits

Have a large cash deposit? Get full FDIC coverage from multiple banks while managing everything through just one.

First State Bank is a member of the IntraFi® Network Deposits, offering ICS® & CDARS® which allows your municipality to access millions in FDIC insurance at participating network banks while working directly with First State Bank. Conveniently and easily secure funds placed into demand deposit accounts, money market deposit accounts, or CDs.

How It Works

When you use ICS® or CDARS®, your deposit is split into amounts under $250,000 and placed in accounts at other network banks. This way, you get full FDIC coverage from multiple banks while managing everything through just one.

Benefits of ICS & CDARS:

• Peace of Mind & Returns: Funds go into demand deposit accounts, money market accounts, and CDs, all eligible for multi-million-dollar FDIC insurance.
• Competitive Interest Rates: Your funds earn interest at competitive rates set by First State Bank.
• Support Your Community: Your deposits can stay local, helping fund local lending.
• Flexible Liquidity: Choose from different liquidity options, including daily access.
• Easy & Convenient: Manage everything through First State Bank—no need for multiple accounts or complex setups.
• Save Time & Stay Compliant: ICS and CDARS help meet investment policy requirements and remove the hassle of tracking uninsured deposits or collateral.