Decatur First Bank Now Offers CDARS and Eco-Banking

VP of Decatur First Bank, Jack Regan, recently wrote in to let residents know that his bank now offers both CDARS (Certificate of Deposit Account Registry Service) and Eco-Banking.

It took me a bit to get my head around the CDARS service, but I think I get it now.

If you’ve got a cool $50 million hanging around (or anything over $100,000) and want it in FDIC-insured CDs, you no longer need to run around to a hundred different banks depositing $100,000 at each (which used to be the case).  Instead, the CDARS service (pronounced ‘cedars’) allows one bank to distribute your money amongst a network of “well-managed banks”.  So you get only one statement, one tax document, etc…  If I’m not making any sense, this BankRate article does a good job of describing the service.

Also Jack DFB is now offering “Eco-Banking” which includes online banking, e-statements, remote deposit, and 10 free ATM withdraws a month at ANY ATM.  Additionally, new customers will receive a free “Decatur Shops Green” tote bag!

Jack, let me know if I got all that right…

Girls on Vespa O.K., Fund Created to Help Cover Costs

From a comment by “none” in the original post on the subject…

“The condition of the two is better. The two girls were Leah Helfen and Amy Sarrell. Leah is having surgery to fix up a compound fracture and Amy was still in intensive care on Tuesday, but should get moved into a room with Leah in the next few days.
Leah had just the fracture while Amy had a compound fracture in her leg as well as two broken Vertebrae (but not her spinal column, thank goodness!).
There will be multiple fundraisers to help cover the costs that the two will be facing, although the other drivers insurance should cover most things.
If you would like to donate, there is a fund set up at Decatur first bank, just ask for the Amy and Leah fund.
Also, there is a collection at the Java Monkey where Amy works.
Thank you for all your well wishes!”

I’m so glad to hear that neither sustained injuries that they cannot eventually heal from.  Here’s to a speedy recovery!