In what financial institutions are Focus Cfo's cash balances primarily held?

According to Focus Cfo's 2025 Franchise Disclosure Document, the company's cash balances are primarily held in two financial institutions. This indicates that Focus Cfo manages its finances by distributing its cash reserves between a limited number of banks.

For a prospective franchisee, this information is relevant because it provides insight into Focus Cfo's financial management practices. While the FDD does not name the specific financial institutions, it does state that if the cash balances exceed the amounts covered by the Federal Deposit Insurance Corporation (FDIC), the excess balances could be at risk of loss. This highlights a potential risk related to the concentration of cash in only two institutions. However, the company states that its management continually monitors these risks related to its cash balances and that there have been no losses incurred with respect to this concentration of credit risk.

It is common for companies, including franchisors, to maintain cash balances in multiple financial institutions to optimize returns, manage risk, and facilitate transactions. The FDIC typically insures deposits up to $250,000 per depositor, per insured bank. Therefore, franchisees might want to inquire about the specific banks Focus Cfo uses and the amounts held in each to better understand the company's risk management strategy.