icipating foreign-owned banks are fully FDIC-insured with U.S. branches and charters; they are governed and operate under the same laws and regulations as all U.S. banks. For privacy and security reasons, all deposits through RJBDP are made with U.S. branches through an omnibus account so your personal information is not shared with the participating banks.

Clients whose brokerage accounts are not serviced through an advisor at an affiliated bank should refer to the regional priority lists.

(See “How the priority lists work” for information on how funds flow between banks.)

The following banks are “excess banks,” as described in the “Bank Priority List” section of the disclosures:

  • General Lists: Wells Fargo Bank, N.A., U.S. Bank N.A., Citibank, N.A., Raymond James Bank, N.A.
  • For Profit Lists: Citibank, N.A., Raymond James Bank, N.A., PNC Bank, N.A.

Although you may decline to have funds deposited in any bank in the list, you must have a minimum of one excess bank selected for deposit.

Effective October 22, 2018.

Towne Bank Towne Bank: For-Profit Accouns Extraco Bank Extraco Bank: For-Profit Accounts
Towne Bank Towne Bank Extraco Banks, N.A. Extraco Banks, N.A.
Raymond James Bank, N.A. Raymond James Bank, N.A. Raymond James Bank, N.A. Raymond James Bank, N.A.
Goldman Sachs Bank USA Compass Bank American Express National Bank Compass Bank
U.S. Bank N.A. The Bank of East Asia Ltd. U.S. Bank N.A. The Bank of East Asia Ltd.
Citibank, N.A. Origin Bank The Bank of East Asia Ltd. Origin Bank
American Express National Bank Pinnacle Bank SunTrust Bank Towne Bank
Manufacturers and Traders Trust Company Florida Community Bank, N.A. State Bank of India Pinnacle Bank
Amarillo National Bank Extraco Banks, N.A. Manufacturers and Traders Trust Company Union Bank and Trust Company
Origin Bank Amarillo National Bank Amarillo National Bank Florida Community Bank, N.A.
Pinnacle Bank First Mid Bank & Trust, NA Pinnacle Bank Amarillo National Bank
Bank of Hope Franklin Synergy Bank Franklin Synergy Bank First Mid Bank & Trust, NA
The Bryn Mawr Trust Company Cadence Bank, N.A. Origin Bank Franklin Synergy Bank
The Bank of East Asia Ltd. Bank of Hope First Mid Bank & Trust, NA Cadence Bank, N.A.
State Bank of India PNC Bank, N.A. Towne Bank Bank of Hope
PNC Bank, N.A. PNC Bank, N.A.
Amarillo National Bank Amarillo National Bank: For-Profit Accounts Pinnacle Bank Pinnacle Bank: For-Profit Accounts
Amarillo National Bank Amarillo National Bank Pinnacle Bank Pinnacle Bank
Raymond James Bank, N.A. Raymond James Bank, N.A. Raymond James Bank, N.A. Raymond James Bank, N.A.
American Express National Bank Compass Bank American Express National Bank Compass Bank
U.S. Bank N.A. Towne Bank Citibank, N.A. Towne Bank
SunTrust Bank The Bank of East Asia Ltd. U.S. Bank N.A. The Bank of East Asia Ltd.
Citibank, N.A. Pinnacle Bank Manufacturers and Traders Trust Company Union Bank and Trust Company
Manufacturers and Traders Trust Company Union Bank and Trust Company State Bank of India Origin Bank
State Bank of India Origin Bank First Mid Bank & Trust, NA Florida Community Bank, N.A.
Origin Bank Florida Community Bank, N.A. Origin Bank Extraco Banks, N.A.
Compass Bank Extraco Banks, N.A. Compass Bank Amarillo National Bank
Pinnacle Bank First Mid Bank & Trust, NA Union Bank and Trust Company First Mid Bank & Trust, NA
Franklin Synergy Bank Franklin Synergy Bank Franklin Synergy Bank Franklin Synergy Bank
Union Bank and Trust Company Cadence Bank, N.A. The Bryn Mawr Trust Company Cadence Bank, N.A.
Bank of Hope Bank of Hope
PNC Bank, N.A. PNC Bank, N.A.
Florida Community Bank, N.A. Florida Community Bank, N.A.: For-Profit Accounts Franklin Synergy Bank Franklin Synergy Bank: For-Profit Accounts
Florida Community Bank, N.A. Florida Community Bank, N.A. Franklin Synergy Bank Franklin Synergy Bank
Raymond James Bank, N.A. Raymond James Bank, N.A. Raymond James Bank, N.A. Raymond James Bank, N.A.
American Express National Bank Compass Bank American Express National Bank Compass Bank
U.S. Bank N.A. Towne Bank Citibank, N.A. First Mid Bank & Trust, NA
SunTrust Bank The Bank of East Asia Ltd. First Mid Bank & Trust, NA Towne Bank
Citibank, N.A. Pinnacle Bank Florida Community Bank, N.A. The Bank of East Asia Ltd.
Manufacturers and Traders Trust Company Union Bank and Trust Company SunTrust Bank Union Bank and Trust Company
State Bank of India Origin Bank State Bank of India Origin Bank
Origin Bank Extraco Banks, N.A. Manufacturers and Traders Trust Company Florida Community Bank, N.A.
Compass Bank Amarillo National Bank Amarillo National Bank Extraco Banks, N.A.
Pinnacle Bank First Mid Bank & Trust, NA Extraco Banks, N.A. Amarillo National Bank
Union Bank and Trust Company Franklin Synergy Bank Origin Bank Pinnacle Bank
The Bryn Mawr Trust Company Cadence Bank, N.A. Pinnacle Bank Bank of Hope
Bank of Hope Union Bank and Trust Company PNC Bank, N.A.
PNC Bank, N.A.

How the priority lists work

Raymond James establishes contracts with multiple banks, which are included in one or more bank priority lists. Your account’s legal address of record determines which list is used to determine the order in which your available cash in your brokerage account will be deposited into interest-bearing deposit accounts at one or more of the banks set forth on the predetermined list.

If your cash balance exceeds the FDIC insurance limit for all funds at the first bank on the list, the excess cash will be deposited in the next bank. If you still have excess cash, those funds will be deposited in the third bank Raymond James has designated. This process continues through all banks on the priority list, providing FDIC coverage up to $2.5 million, or $5 million for joint accounts. As always, you have immediate access to your funds should you wish to withdraw or reinvest them.

Your priority list may also include one or more excess banks that will accept funds from retirement accounts without limit and without regard to the maximum applicable deposit insurance amount if all banks on the priority list have received funds up to the applicable deposit limit. If all your funds are withdrawn from an excess bank, the next time your funds are available for deposit in an excess bank they may be deposited in a different excess bank. This may also apply to certain non-retirement accounts that do not elect to have excess funds swept to the Raymond James Client Interest Program, as described below.

For non-retirement accounts, if all banks on the priority list have received your funds up to the applicable deposit limit, your next available funds will be deposited in the Raymond James Client Interest Program (and covered by SIPC/Excess SIPC insurance), as long as you have not opted for an alternative.

The deposit insurance coverage limits refer to the total of all deposits that an account holder has in the same ownership categories at each FDIC-insured institution. Visit fdic.gov for more information.