SmartBank Offers Multi-Million Dollar Federal Deposit Insurance Coverage on CD Investments

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CDARS Allows Customers to Invest and Maintain FDIC Insurance

The Smartbank Way - A service focused company culture

By offering CDARS, our clients now have the option to place their funds with only one institution providing one statement. The simplicity of using CDARS can be appealing for some clients.

SmartBank, offering personal and business financial solutions using today’s most advanced technology, announced today that it can now offer clients multi-million dollar Federal deposit insurance. With the Certificate of Deposit Account Registry Service, or CDARS, clients can invest up to $50 million while maintaining eligibility for FDIC insurance on every dollar.

“With the safety and convenience that our Bank offers through CDARS, our clients have a new smart-option to help them manage their money,” said Billy Carroll, president and CEO of SmartBank. “By offering CDARS, our clients now have the option to place their funds with only one institution providing one statement. The simplicity of using CDARS can be appealing for some clients.”

Using its sophisticated computer network, SmartBank will place customer deposits with other FDIC-insured banks to allow clients to manage each of their funds through one portfolio in one bank. SmartBank customers will save time dealing with multiple paper documents and banks and experience a simplified process and the ease of working with only one institution,

About SmartBank
SmartBank has created a dynamic culture that makes banking special. With personal and business financial solution, the company’s directors, management and associates have innovatively combined exceptional service with the technology of today to create a culture that is smarter by design, not by accident.

SmartBank serves Sevier County with three branches and offers the most innovative technology and services with extended hours from 8:00 am – 6:00 pm Monday through Friday (drive-thru opens at 7:30) and Saturday banking from 8:00 am – 12:00 pm.. For more information, please visit http://www.smartbank.net or call 865.453.2650. For more information, please visit http://www.smartbank.net or call 865.453.2650.

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Kelley Fowler
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