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Program ups account insurance at bank
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Depositors with more than $100,000 no longer have to go to different banks to be covered by federal deposit insurance.
With an innovative service - the Certificate of Deposit Account Registry Service or CDARS - The Heritage Bank can provide a customer up to $50 million in federal deposit insurance.
"This is one-stop shopping," said Heritage President and CEO James M. Floyd Jr. "Having CDARS at our bank allows us to satisfy customer demand for safety and convenience.  In effect, a risk free investment, it is a smart option to help customers manage their money."
In 1980, Congress set FDIC coverage limits at $100,000 per account. Inflation during the past 26 years has eroded more than half the value of that coverage.  
How does CDARS work? Through a sophisticated computer network, The Heritage Bank places client funds among other FDIC-insured banks, allowing clients to manage all their funds through one portfolio at Heritage.  Clients benefit from the ease of working with only one institution and receiving only one statement.
The Heritage Bank operates 29 branches and 37 ATMs throughout Southeast Georgia.  Branch offices are located in Blackshear, Waycross, Homerville, Nahunta, Jesup, St. Marys, Kingsland, Brunswick, Ludowici, Hinesville, Midway, Darien, Fort Stewart, Hunter Army Airfield, Statesboro, Savannah, Pembroke, Richmond Hill and Rincon. 
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