Offering CDARS® is a great way to help us fulfill our mission of building the economic health of underserved communities in the greater region of Washington, DC and Los Angeles, CA. City First Bank will put your deposit to work where it is needed most and you can take advantage of the double bottom line – the satisfaction of knowing you are growing your own investment while helping to develop underserved communities. With CDARS®, you can access multi-million-dollar FDIC insurance coverage.    

or large-deposit customers with a clear idea of cash flow and less need for daily access to liquidity, City First Bank offers a way to invest in CDs placed through CDARS in conjunction with a Money Market Account at City First Bank. The first $250,000 is placed in a Money Market Account earning competitive rates and providing optimal liquidity. Funds over this amount can be invested weekly in CDARS CDs of short duration, thus providing a steady cash flow at attractive rates. Alternatively, funds may be invested in CDARS CDs of laddered maturities from four weeks (for more immediate cash flow needs) to five years (for guaranteed return over a long period of time).

Benefits of CDARS

  • Access to multi-million dollar FDIC insurance on CD deposits1
  • Access to funds upon maturity of CDs
  • Simplified financial tracking and record-keeping with one monthly statement and one 1099 on all of the CDs placed through CDARS.
  • Satisfaction of knowing that your money is at work in the community while being eligible for FDIC insurance.2
  • Higher blended rates on the whole laddered CDARS deposit relationship than would otherwise be available in our Money Market Account
1 Limits Apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us.
2 When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.


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Community Impact

Community development is at the very heart of what we do.


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