personal-loans

Accounts

Our Business Banking accounts allow you to choose an account that meets your business’s financial needs.

We offer free Online Banking and Bill Pay, free 24-Hour Telephone Banking, and free VISA Check Cards (surcharges apply when used at other institutions).

If you are not sure which account fits you best, contact us at one of our five locations and we will be glad to help you.

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Our Fee Schedule

Business Savings Account

  • statement savings account designed for business that want to save for future needs.
  • withdrawals limited to 3 per month.
  • interest will deposited to the account semi-annually.

Interest Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Interest Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded semi-annually and will be credited to the account semi-annually.

Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. 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. You must maintain a minimum average daily balance of $10.00 to obtain the disclosed annual percentage yield. 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.

Limitations: You must deposit $100.00 to open this account. Only three withdrawals are allowed per month. Any withdrawal in excess of three will be assessed a $3.00 service per withdrawal.

Account Fees: A $300.00 average monthly balance is required. If the average balance is not maintained, there will be a monthly service charge of $3.00 on the account. 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.

Commercial Analysis

  • an account designed for the business customer

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

Account Fees: There will be a $15.00 monthly maintenance fee. We will charge the account for the services listed in the Commercial Analysis fees disclosure. In addition, we may charge for services listed in the miscellaneous fees disclosures. An earnings allowance will be calculated at the Fed Funds Rate published by the Federal Reserve Bank on the average collected balance less reserves. The reserve requirement equals 3% of the average balance in the account. 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

  • an account designed for our small business customers.

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

Account Fees: A minimum daily balance of $1,000 is required. If you do not maintain this balance, a monthly service charge of $10.00 will be assessed. In addition, there is a 100 debit limit. All debits over this limit will be .25 each. There will be an additional $10.00 monthly fee to return the original checks with the statement.

Business Super Now

  • an account which pays a competitive rate of interest with a limit of 50 debit transactions. Interest will be deposited to the account monthly.

Interest 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 Interest Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.

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 $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $100.00 to open this account.
Account Fees: A minimum daily balance of $2,500 is required. If you do not maintain this balance, a service charge of $8.00 will be assessed. In addition, there is a 50 debit limit. All debits over this limit will be .25 each.

 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-
bearing transaction account (including an Interest on Lawyer Trust Account) no longer
will receive unlimited deposit insurance coverage by the Federal Deposit Insurance
Corporation (FDIC).  Beginning January 1, 2013, all of a depositor’s accounts at an
insured depository institution, including all noninterest-bearing transaction accounts,
will be insured by the FDIC up to the standard maximum deposit insurance amount
($250,000), for each deposit insurance ownership category. For more information about
FDIC insurance coverage of noninterest-bearing transaction accounts, visit

http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.


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ONLINE BANKING

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