Required Disclosure Regarding Cash Deposits in Excess of FDIC Insurance
This disclosure provides the required information regarding an organization’s cash deposits in excess of the federally insured amounts. The more cash deposits are concentrated in a small number of institutions, the greater the potential risk will be. We encourage organizations to continually review their banking relationships and the stability of those institutions, and consider how best to minimize risk while achieving operational efficiency.
As always, Capin Crouse professionals are available to answer questions or assist where we are able. Please contact us with any questions.
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