CDARS Service Increases Security for Large CD Deposits

Lincoln, NE—Union Bank now offers the highest level of security for the investor who has a larger cash portfolio, and seeks a safe haven in today's uncertain economy.

Union Bank announced today its new CDARS program, the Certificate of
Deposit Account Registry Servicesm, which provides a secure savings option for consumers, small businesses, nonprofits and corporations with large cash reserves.

For the first time since FDIC insurance coverage was increased more than
two decades ago, Union Bank has a new tool to provide customers with access to greater FDIC insurance coverage. FDIC insurance protects customers' deposits by providing the backing of the federal government. Union Bank is the only provider of this service in Lincoln.

Using CDARS, Union Bank can distribute customer funds among other FDIC-insured banks and thrifts, allowing customers to manage all their CDs through one relationship. All statements will come from Union Bank and no confidential customer information is ever transferred to the other financial institutions issuing CDs. In addition, the CDARS system distributes to Union Bank the same amount of funds that it transfers out to other banks; this boosts the amount of funding available to be put to work in the local community.

CDARS enables the Bank to offer customers the convenience of local relationship banking with the security of investing in FDIC insured deposits.

Union Bank & Trust Company, with over $1.3 billion in bank assets and $5.5 billion in trust assets under management, is a diversified financial institution. It is Nebraska's largest state-chartered Trust Company, largest Student Loan provider, and one of the state's leaders in business, agricultural, mortgage, and automobile dealer lending. With 32 bank offices in 20 Nebraska communities, Union Bank & Trust employs over 750 people in Nebraska. Member FDIC.