Business Products

We have products that fit all types of businesses, stop on in today to see what we can do for you.

   

 Commercial Checking

Designed for businesses of all types with activity volumes greater than 100 transactions per statement cycle.

Limitations: You must deposit $100.00 to open this account.

Account Fees: Monthly Maintenance fee is $7.00.  Per item chargers are as follows: 

checks(debits) $.15

deposits(credits) #.25

deposited items $.08

Earnings credit is applied to these charges at a rate of 75% of the 91 day T-Bill.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

 Small Business Checking

Designed for businesses of all types with activity volumes less than 100 transactions per statement cycle.  Small Businesses typically benefit from this account.

Limitation:  You must deposit $100.00 to open this account.

Account Fees:  There is a $1,500.00 average collected balance requirement in order to avoid a monthly maintenance of $5.00.  There are 100 free transactions per statement cycle (transactions are debits, credits, and/or deposited items).  The charge per each additional transaction over 100 is $.25.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

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 Organizational Checking

Designed for organizations and unincorporated associations.

Limitations:  You must deposit $100.00 to open this account.

Account Fees:  A maintenance fee of $5.00 will be imposed per statement cycle if the daily balance falls below $100.00.  50 free transactions per statement cycle (transactions are debits, credits, and/or deposited items).  The charge per each additional transaction over 50 is $.25.

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Small Business Interest Bearing Checking

Designed according to federal regulations, this account is for sole Proprietors, non-profits, and some government agencies. Also designed for activity less than 100 transactions per statement cycle. (Transactions are debits, credits, and/or deposited items) .

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $2,500.00 to open this account.

Account Fees: $2,500.00 average collected balance required to avoid monthly maintenance fee of $10.00. 100 free transactions per statement cycle (transactions are debits, credits, and/or deposited items). The charge per each additional transaction over 100 is $35. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

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 Qualified Interest Bearing Checking

Description: Designed according to federal regulation, this account is forsole proprietors, non-profits and some government agencies with high activity volumes, greater than 100 transactions per month.

Rate Information: This Account is an interest bearing account.  The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $2,500.00 to open this account.

Account Fees: Monthly maintenance fee is $7.00. Per item charges are as follows: $.15 per check(debit); $.25 per deposit(credit); $.08 per deposited item.

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 Business Statement Savings

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded quarterly and will If the account is closed before interest is credited you will not receive the accrued interest. 

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: You must deposit $500.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

 

Account Fees: A maintenance fee of $10.00 will be imposed per statement cycle if the daily balance in the account falls below $500.00. A statement cycle consists of three (3) months. The account holder will be assessed a $2.00 excess withdrawal fee for each withdrawal over twelve (12) per statement cycle. Withdrawals made in person, ATM withdrawals, preauthorized transfers, and/or withdrawals are included in the twelve (12) withdrawals limit per statement cycle. If the account is closed within the first six (6) months, a $25.00 fee will be assessed.

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 Business Money Market

Designed for businesses with limited activity that want to earn a higher interest rate on their balances and maintain full liquidity.

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $2,500.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Account Fees: $2,500.00 average collected balance required to avoid monthly maintenance fee of $10.00. Per item charges are $.l0 per on-us deposited item and $.14 per non on-us deposited item. The account holder will be assessed a $5.00 excess transaction fee for each additional third party check over three (3), and each additional interbank transfer over three (3), per statement cycle. If the account is closed within the first six (6) months, a $50.00 fee will be assessed . The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

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