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The Money Desk allows you to submit requests for Certificates of Deposit to fit your needs and help you to manage your balance sheet.
All CDs are issued in book entry form and are held by the Depository Trust Company (DTC) under one master certificate number (CUSIP). The CDs are placed with investors through our dealer network. The minimum size is $500,000 up to a maximum of $50 million.
Each issue takes approximately 10 days to settle. All paperwork for each issue is sent to the issuing bank. Placement can be done on a best efforts or guaranteed basis.
As covered by part 330 of Title 12 CFR, all of the deposits are eligible for insurance coverage by FDIC.