Online Banking Access

Repurchase Agreement - Investments

Customers who have exceeded their FDIC Insurance limits can utilize Repurchase Agreements as an investment tool.

Features and Benefits 

  • Flexible investment terms paying market rates
  • Investment is collateralized by bank owned government securities
  • Available to consumers and business customers 

Terms 

  • Investment terms range form 7 days to 5 years or longer
  • Minimum opening deposit $100,000.00
  • Early withdrawal penalty based on investment term and amount withdrawn
  • Secured by government securities. NOT FDIC INSURED
  • Does not renew automatically at maturity