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CDARS |
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Charles Jackson, president and CEO of Community Bank, explained that CDARS allows Community Bank to accept deposits above $100,000 and forward the excess to other banks in the CDARS network. The growth in third quarter noninterest income was the result of improvements in all categories; primarily the result of higher financial products and CDARS fee income. Promontory Interfinancial Network has named State Bank of Long Island a "Network Leader" for annual volume placement by using its service, CDARS (Certificate of Deposit Account Registry Service) in 2006. |
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