American Trust Custody Brokerage Account Sweep Options

Your brokerage account has a core account that is used for settling securities transactions and holding credit balances.

We may provide you with a variety of different cash sweep vehicles, including money market funds and bank deposit accounts (each, a “core account investment vehicle”) that may be used to hold a cash balance that is awaiting reinvestment. The sweep vehicles we offer affect the choices available to you for your core account investment vehicle for available cash balances (from deposits to your account, securities transactions, dividend and interest payments and other activities) in your brokerage account.

Bank Deposit Sweep Program

The Bank Deposit Sweep Program will take available cash in your brokerage account and deposit it into interest-bearing FDIC-insurance eligible deposit accounts (“Deposit Accounts”) at one or more FDIC-insured depository institutions set forth in the list of depository institutions participating in the Program (each a “Program Bank”).

The list of Banks participating in the Program for accounts registered to natural persons (including retirement, trust, and profit sharing plans where a natural person is a beneficiary) include:

• Bank of Baroda
• Capital One (USA), N.A.
• Citibank, N.A.
• Dollar Bank
• East West Bank
• Pinnacle Bank
• The Huntington National Bank
• Tristate Capital Bank
• Wells Fargo Bank, N.A.
• WEX Bank

The list of Banks participating in the Program for accounts registered to corporations, partnerships and other entities include:

• Bank of Baroda
• Capital One (USA), N.A.
• Citibank, N.A.
• Dollar Bank
• East West Bank
• First Horizon Bank
• Pinnacle Bank
• Tristate Capital Bank
• Wells Fargo Bank, N.A.

Once your cash balance has been swept to a Program Bank, it is referred to as your “Program Deposit”. Please note that your ability to access the money held at the Bank(s) may be limited, as more fully described in the Customer Disclosure document (accessible through the link below).

Your brokerage account with us is generally protected, up to applicable limits, by the Securities Investor Protection Corporation (the “SIPC”). At the time funds are deposited with one or more Program Banks, your investment in the Program is eligible, subject to the limitations described in the Disclosure Document, to be insured, up to applicable limits, by the Federal Deposit Insurance Corporation (the “FDIC”). The FDIC’s insurance coverage for all insurable capacities (e.g., individual, joint, etc.) is $250,000. Therefore, funds in the Deposit Accounts at each Program Bank are generally eligible for deposit insurance by the FDIC up to a total of $250,000 principal and accrued interest per depositor in most insurable capacities (e.g., individual, joint, etc.) when aggregated with all other deposits held in the same insurable capacity at a Program Bank.

Current Yields on the Bank Deposit Sweep Program are:

BDSP Disclosure Document

*This link will only permit an historical look back on Best Execution Information effective April 1, 2019