President's Letter
A Note From
Arlene Kulzer, President & CEO
Dear Friends,
After recent headlines about the failure of one bank dominated the news, a number of you asked for advice about keeping large deposits safe. We have been pleased to assure our clients that they can access FDIC protection on multi-million dollar certificate of deposit (CD) investments through Arrowhead Community Bank. Deposits from $10,000 to $50,000,000 can be protected.
ACB is a member of a special network of FDIC insured banks, and, as a result can offer an insurance program known as CDARS – Certificate of Deposit Account Registry Service – which is the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts up to $50 million.
You earn one interest rate on your CD investments through CDARS, and there is no need to negotiate multiple rates or manually tally disbursements for each CD. You receive one monthly statement detailing your CDARS CD investments and one ACB issued year-end 1099 interest statement.
If there is any way we can help alleviate your concerns about today’s financial climate, please feel free to contact us with individual questions or to ask for advice. For more information about the CDARS service, please contact Sarah or Desiree at 623-776-0800. We will do whatever we can to assure your peace of mind.
Arlene Kulzer
Arlene.Kulzer@arrowheadcommunitybank.com
President & CEO
For more information on CDARS, go to ACB’s web home page at:
www.arrowheadcommunitybank.com
