|What is it?||How does it work?||What are the next steps?|
|The $1 Billion Gulf Coast Rebuilding Challenge is an initiative to channel capital into the Gulf Region simply by depositing funds in FDIC-insured, interest-bearing CDs.
Corporations and other participating depositors will help rebuild the region by supporting those closest to the rebuilding effort – local community banks.
|Participants pledge to deposit $1 million, $3 million, or $5 million for five years through an eligible Gulf area community bank.
The funds are placed in CDs at multiple banks using the CDARS® service to make the full amount eligible for FDIC insurance.
Thirty-five community banks are currently eligible to receive and place Challenge deposits.
|> Download a depositor pledge form.
> Find eligible community banks.
> See the Gulf's need for capital.
> Read recent Challenge news.
> View our FAQs and contact us with questions.
|© 2006-2012 Promontory | Pledge | Find Banks | The Need | News | Questions | Contact Us|
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