In response to the tornadoes that ravaged our neighbors last week, we wanted to find a way to give back to those communities. After contacting the Executive Director, Connie Hensler, of American Red Cross Central Midwest Georgia to find out the specific needs of our neighbors, she suggested we host a microsite on our website. […]
FDIC Insurance Coverage Over $250K – All in One Place
With Calumet Bank and the Insured Cash Sweep® (ICS) service, you can earn interest on private funds placed into money market deposit accounts and have a peace of mind knowing that your ICS funds are eligible for multi-million-dollar FDIC insurance.
With ICS, You Can:
• Rest assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
• Earn interest. Put excess cash balances to work by placing funds into money market deposit accounts and earn competitive rates of interest on your funds. Enjoy daily liquidity in your transaction account at our bank and withdraw ICS funds up to six times per month.
• Save time. By providing access to FDIC insurance through a single bank relationship with Calumet Bank. Forego opening accounts under different insurable capacities or managing multiple bank relationships. You can check your ICS balances and track other important information of interest to you online, 24/7, through a specialty designated Depositor Control Panel. Your confidential information remains protected.
• Support your community. Feel good knowing that the full amount of your funds placed through ICS can stay local to support lending opportunities that build a stronger community.
How ICS Works:
When Calumet Bank places funds for you using ICS, your deposit is sent from your transaction account at our bank into deposit accounts at other ICS Network banks in amounts below the standard FDIC insurance maximum ($250,000). This makes your funds eligible for FDIC protection. As a result, you can access FDIC insurance coverage from many institutions while working directly with just us, an institution you already know and trust.
It’s that easy.
Calumet Bank was voted as LaGrange Daily News Reader’s Choice Best Bank in LaGrange for 2019! Thank you, LaGrange, for your continued support!
Calumet Bank would like to congratulate Lynne Holle on being voted LaGrange Daily News Reader’s Choice Best Bank Teller for 2019! Thank you, LaGrange, for your continued support.
We are pleased to announce that Calumet Bank will merge with Colony Bank in 2019. Click here to read the announcement by Colony Bank.
Calumet Bank is pleased to announce the opening our first Loan Production Office in the Atlanta market. Calumet Bank has had a presence in the Atlanta market since bringing Weare Gratwick, a seasoned Atlanta commercial banker on board as Regional President in late 2016. The office is located in Atlanta Tech Park, a technology incubator located at 107 Technology Parkway in Peachtree Corners, GA. The facility features a video podcasting studio, private offices, events space and a 100-person auditorium.