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Deposit
to HomeTown Bank right from your store or office! |
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With
CDARS, you can receive up to $50
million in FDIC protection through HomeTown Bank. There are
few guarantees in life – FDIC insurance is one of them.
CDARS can be a valuable cash management
or longer-term investment tool for you or your business.1 |
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It’s
one-stop shopping. With help from CDARS, you can access: |
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Safety
– Your money can receive up to $50 million in FDIC insurance
coverage. |
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Convenience
– You work directly with us. You earn one interest rate
and receive one regular statement. Individual investors receive
one year-end tax form. |
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Community
Investment – The full value of your money can
support lending opportunities right here in our Roanoke Valley
home.2 |
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CD-Level
Rates – Your money earns CD-level returns which
may compare favorably with other investment alternatives, including
Treasuries, corporate sweep accounts, and money market funds. |
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We are members of
a special network. When you place a large amount with us,
we place your funds into certificates of deposit issued by
other banks in the network – in increments of less than
$100,000 – so that both your principal and interest
are eligible for complete FDIC protection. With help from
a sophisticated matching system, we exchange deposits with
other banks that are members of the network. |
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These
exchanges, which occur on a dollar-for-dollar basis, can bring
the full amount of your original deposit back to Hometown Bank.
As a result, we can make the full amount of your deposit available
for community lending purposes. |
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What
else should I know? |
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Now,
you no longer have to spend time managing multiple bank relationships,
administering various interest rates, organizing interest disbursements
from various sources, or manually consolidating monthly statements.
This reduces your administrative burden, especially during tax
and financial reporting seasons. |
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with CDARS, you can eliminate the
need to monitor changing collateral values – another time
saving convenience. |
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course, your confidential account information remains protected.
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us about how CDARS can work for you
the next time you visit one of our branches, or email info@hometownbankva.com
for more information. |
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Funds
may be submitted for placement only after a depositor enters
into the CDARS Deposit Placement Agreement
with HomeTown Bank. The agreement contains important information
and conditions regarding the placement of funds by us. |
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2.
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This
benefit applies to some, but not all types of CDARS
transactions. Let us know if this benefit is important to you,
so that we can explain the relevant terms and conditions in
more detail.
CDARS is a registered service mark
of Promontory Interfinancial Network, LLC. HomeTown Bank is
a member of the FDIC. |
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HomeTown Bank - All
Rights Reserved® 2005
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