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Purchase Agreements

Repurchase agreements are short term instruments offered by the Iowa Savings Bank to assist a business in managing their cash positions.  While the funds in a repurchase agreement are not insured by the FDIC, by using a repurchase agreement, the customer becomes a secured creditor of the bank.

By using a repurchase agreement in conjunction with a sweep account and line of credit, the Iowa Savings Bank can assist you in managing the volatility of cash fluctuations.