NCB Promotes CDARS Program for Customers Nationwide
Washington, DC (August 14, 2008) — NCB, a leading financial services company, is contacting customers nationwide to promote its membership in the CDARS® Network. CDARS®, also known as Certificate of Deposit Account Registry Services®, is a program providing depositors with access to up to $50 million in FDIC-insurance coverage on certificates of deposit (CDs). The additional coverage is comforting to depositors nationwide during this uncertain economic environment, especially those with balances exceeding the $100,000 insured by the FDIC. The CDARS program is available to the Bank’s customers free of charge and an increasing number are taking advantage of the beneficial security service.
“NCB is proud to be a member of the CDARS network, and offer our customers the best protection available to insure the safety of their finances,” stated Charles E. Snyder, President & CEO of NCB. “There is nothing safer than FDIC insurance, and in today’s uncertain financial market, this partnership is just one example of the Bank’s ongoing commitment to provide the best possible products and services available to meet our customer’s financial needs.”
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