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DEPOSIT PRODUCTS*
Analyzed Checking
Minimum Balance Requirement:
An opening deposit of $1,000 is required with earnings credit used to offset the cost of services.
Basic Checking (for accounts with limited activity)
Minimum Balance Requirement:
An opening deposit of $1,000 is required. An average collected balance of $2,000 is required to avoid a minimum balance fee.
Interest Checking (for sole proprietors and non-profit organizations)
Minimum Balance Requirement:
An opening deposit of $1,000 is required. An average collected balance of $5,000 is required to avoid a minimum balance fee.
IOLTA Interest Checking (for law firms)
Minimum Balance Requirement:
An opening deposit of $1,000 is required.
Business Money Market
Minimum Balance Requirement:
An opening deposit of $1,000 is required. An average collected balance of $5,000 is required to avoid a minimum balance fee.
Compounding and Crediting:
Interest will accrue daily and will be compounded and credited to your account monthly. Closing the account prior to interest payment will result in forfeiture of accrued interest.
Transaction Limitations:
You may make up to six (6) pre-authorized, automatic or telephone transfers, check (if applicable), debit card, bill payment debit, other pre-authorized debit, or similar order made payable to a third party per month or statement cycle of at least four weeks. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. For additional information, please review Federal Reserve Regulation D Transaction Limitations.
LOAN PRODUCTS**
Revolving Lines of Credit for permanent and seasonal increases in accounts receivable and inventory.
Term Loans for business equipment and other capital assets.
Construction Loans for commercial, office, multi-family residential, and industrial properties.
Term Commercial Mortgage Loans for the refinance or acquisition of owner occupied and/or owner managed properties.
SBA Loans to small and growing businesses that have needs ranging from day-to-day working capital to the construction and/or permanent financing of commercial buildings for their operations.
Loans and Lines of Credit to professional corporations for business expansion, working capital, and real estate needs.
Equipment Leases for business equipment and other capital assets.
SERVICES
Product features and service charges are subject to change. Some banks may charge a surcharge for use of their ATM.
*For complete disclosure information, please refer to the Account Disclosure Statement provided at the time of opening these accounts.
**Subject to approval.
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