Free Commercial Checking

The perfect account for businesses with low transaction volume

• Minimum deposit to open – $100
• No minimum balance requirement
• No monthly maintenance fee
• 150 free combined debits, credits and deposited items per statement cycle
• $.30 charge per item over 150, regardless of the account balance
• If monthly transactions and cash handling services exceed account parameters, bank reserves the right to convert account to the appropriate business account
• Free electronic monthly statement; printed statements available for $2 per month
• Pursuant to the Dodd-Frank Act, temporary unlimited deposit insurance coverage for this noninterest-bearing transaction account expired on December 31, 2012. This account is insured by the FDIC at the same level afforded to all deposit accounts in FDIC member banks.  For more information regarding this change, please visit the FDIC website at www.fdic.gov.

Basic Commercial Checking

This account allows for higher transaction volume for small businesses and associations

• Minimum deposit to open – $100
• Monthly Maintenance Fee: None, if $2,500 minimum daily balance or $5,000 average collected balance. Otherwise $12
• 300 free combined debits, credits and deposited items per statement cycle
• $.30 charge per item over 300, regardless of the account balance
• Pursuant to the Dodd-Frank Act, temporary unlimited deposit insurance coverage for this noninterest-bearing transaction account expired on December 31, 2012. This account is insured by the FDIC at the same level afforded to all deposit accounts in FDIC member banks.  For more information regarding this change, please visit the FDIC website at www.fdic.gov.

Commercial Interest Checking

By law, this account is only available to non-profit and sole proprietorship entities

• Minimum deposit to open – $100
• Monthly Maintenance Fee: None, if $2,500 minimum daily balance or $5,000 average collected balance. Otherwise $12
• 150 free combined debits, credits and deposited items per statement cycle
• $.30 charge per item over 150, regardless of the account balance
• Interest is compounded daily, credited monthly and paid on collected balances

Commercial Analysis Checking

Best suited for accounts with a large number of monthly transactions. Use your monthly account balance to help offset activity charges

• Minimum deposit to open – $100
• $15 monthly maintenance fee
• 10% Reserve Requirement
• Earnings credit calculation: Collected Balance + 10% Reserve Requirement
• Negative collected balance charged at a rate of Bank stated rate of Prime + 3%, calculated daily
• Compensating balances may offset all or portions of the maintenance fee and account activity charges
• Pursuant to the Dodd-Frank Act, temporary unlimited deposit insurance coverage for this noninterest-bearing transaction account expired on December 31, 2012. This account is insured by the FDIC at the same level afforded to all deposit accounts in FDIC member banks.  For more information regarding this change, please visit the FDIC website at www.fdic.gov.

Account activity charges based on analysis of per item fees as follows:

$.15 per debit item
$.09 per on-us deposited item
$.10 per foreign deposited item
$.80 per deposit
$.15 per ACH deposit
$.25 per $100 cash handled
$.25 per roll coin purchased