We offer the highest level of deposit insurance available, with FDIC coverage up to $250,000 and DIF coverage for any amounts above that. We are also currently rated “Green *** (triple star) with a double BB (Blue ribbon) designation by Veribanc, which is the highest rating achievable under the Veribanc rating system.
In addition to our superior deposit insurance, we also offer a full range of deposit, cash management, and lending solutions to governmental entities. Our deposit products include municipal NOW accounts, municipal checking, money market accounts, sweep accounts, and Certificates of Deposit with varying maturities. We are also a very active and competitive participant in the municipal lending market, lending to governmental entities for Bond Anticipation Notes (BAN’s), Tax and Revenue Anticipation Notes (TAN’s and RAN’s), State Aid Anticipation Notes (SAAN’s), and longer term serial notes.
Our cash management solutions include EDI reporting for state and federal grants/distributions, remote deposit capture, automated clearing house (ACH) capabilities, internet banking, and wire transfer ability.
Best of all, all government deposits stay local, providing funds for municipal lending, residential mortgages, and commercial loans to our business partners.