CITIZENS NATIONAL BANK OFFERS NEW CDARS SERVICE INCREASING FDIC INSURANCE FOR ITS CUSTOMERS

First Citizens National Bank announces its new CDARS program, the Certificate of Deposit Account Registry Service, which provides a secure savings and investment option for large bank accounts of consumers, small businesses and corporations.

For the first time since FDIC insurance coverage was increased more that two decades ago, First Citizens National Bank has a new tool to provide customers with access to greater FDIC insurance coverage. FDIC insurance protects your deposit by giving it the backing of the federal government.

“We are proud to bring the convenience and efficiency of the CDARS program to our customers,” said Marti Rodamaker, President of First Citizens National Bank. “We think it will be very helpful to consumers saving for retirement and college tuition, as well as to small businesses, educational organizations, charities and churches.”

Using CDARS, First Citizens National Bank can distribute customer funds among the other FDIC-insured banks, allowing customers to manage all their CDs through one portfolio at First Citizens National.