| 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. |
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| © 2006-2012 Promontory | Pledge | Find Banks | The Need | News | Questions | Contact Us | ||
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