Common Contracts

CDARS® Deposit Placement Agreement

Placement Agreement • October 4th, 2011

• Contract Type
  Placement Agreement
• Filed
  October 4th, 2011

You, the undersigned, and Georgia Banking Company (referred to in this agreement as “we” and “us”) are entering into this agreement to set forth the terms and conditions under which we will assist you from time to time in placing your funds in time deposits with depository institutions (each an “Insured Institution”) whose accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”). Through an arrangement with Promontory Interfinancial Network, LLC (“Promontory”), we will endeavor to place your funds in time deposits (“CDs”) issued by Insured Institutions through Promontory’s Certificate of Deposit Account Registry Service®, or CDARS®.