Federal Funds Program

CenterState Bank offers both an Agent and a Principal Federal Funds program.  When utilized in conjunction with our Sweep Program, your excess funds will be automatically invested in one of our Federal Funds programs.

Agent Federal Funds

Our Agent Federal Funds program allows community financial institutions to divide your daily Federal Funds investment with CenterState Bank and automatically diversify and invest among the approved upstream purchasers in the program.  The following morning your account will be credited for the interest earned, and your bank will receive a confirmation of the transaction.

Principal Federal Funds

In the Principal Federal Funds program, CenterState Bank purchases your excess funds.  The following morning your account will be credited for the interest earned, and your bank will receive a confirmation of the transaction.

For more information on our Federal Funds Program, please contact your Business Development Officer.