|
|
 |
Account
Name |
Required
Balance / Monthly Fee |
Monthly
Charge for Items |
Cash
Deposit
Fee |
Internet
/
Online |
Billpay |
ATM
or
CheckCard
(1) |
| Small
Business Checking |
None |
200
free,
then
$0.35 each |
$7,000
free per
month, then $0.15 per $100 deposited |
FREE |
$5.95
per month |
Yes |
| Star
Business
Banking |
$10,000
minimum
in business checking, money market or savings
/
OR $50,000
outstanding business loan or line balances
/ OR $50,000
outstanding personal consumer installment loan or
line balances
/ OR $20
|
500
free,
then $0.35 each |
$10,000
free per
month, then $0.15 per $100 deposited |
FREE |
FREE |
Yes |
| Analyzed
Business
Banking |
N/A |
Credits
and deposits $0.35, electronic deposits $0.25, checks
and all debits paid $0.15
|
$0.15
per
$100 deposited |
FREE |
$5.95
per month |
No |
| Charitable
Checking |
$500
average collected balance /OR $10 |
200
free,
then
$0.35 each |
$7,000
free per
month, then $0.15 per $100 deposited |
FREE |
$5.95
per month |
Yes |
| Interest
Checking for
Business |
$5,000
average
collected balance
/ OR $12 Must be sole proprietor or
government entity |
75
free,
then $0.35 each |
$5,000 free per
month, then $0.15 per $100 deposited
|
FREE |
$5.95
per month |
Yes |
|
| We’ve
been told this is better than other banks’ “Free”
Business Checking. That’s probably because our free
deposits and deposited items total a very generous 200 a month
with Small Business Checking, and our free cash deposit allowance
is $7,000. With our Small Business Checking, most small businesses
could bank fee-free. What’s the required balance? There
isn’t one. |
| This
relationship account can provide 500 free deposits and deposited
items per month and no monthly fee when business owners keep
$10,000 in any combination of business checking, savings,
or money market accounts at HomeTown Bank, OR $50,000 in outstanding
business loan balances OR $50,000 in personal consumer installment
loan or line balances with us. A personal borrowing balance
qualifier? You bet. We believe business owners think that
when they do BOTH their business AND their personal financial
activity at one bank, it deserves recognition by their bank.
If you choose not to bank with us personally right now, there
are plenty of ways your business deposits alone can qualify
you for enjoying Hometown Star Business Banking with no monthly
fee. |
| Analyzed
Business Banking |
|
| For
the active business account holder with larger balances, this
account will stack up well with its competitive analysis rate. |
| Offering
all the activity features of our Small Business Checking, HomeTown
Charitable Checking also adds very competitive tiered interest.
With a low, $500 average collected balance, there is no monthly
fee. We want to support our 501(c)3 organizations in a special
way. So there are higher rate advantages for balances when funds
are flush, and a competitive interest rate being earned when
they’re not. |
| Interest
Checking for Business |
|
| For
sole proprietors and qualified government entities that can
keep a $5,000 average collected balance, we offer tiered interest
with no monthly fee. See the chart for details. |
| Our
business savings account offers savings at a surprisingly
low $100 average balance to avoid a monthly fee. |
| Business
Money Market (3) |
|
| Our
Money Market Account offers great, tiered interest rates.
You can access funds at the bank, by check, or at the ATM. |
| Business
Certificate of Deposit |
|
| We
offer competitive interest on certificates of deposit with
maturities from 7 days to 5 years. Minimum deposit for CDs
maturing in 91 days or more is just $500. |
| We’re
in business to serve the needs of small and medium-sized businesses
right here in our area. At HomeTown Bank, business customers
are half of a relationship that is crucial to our mission to
serve our hometown. We know this market, and, with over 300
years of banking experience in our collective wisdom, most of
it right here, you will find a knowledgeable listening ear for
your needs and some fast, money saving solutions for those needs. |
| Providing
cash needed for the day-to-day operations via working capital
loans and revolving lines of credit is a major way HomeTown
Bank can assist business owners. Revolving lines of credit
or working capital loans to manage the ups and downs of a
company’s sales cycle are available for periods of one
year or less. |
| HomeTown
Bank actively seeks financing opportunities to support business
purchases of equipment and rolling stock. We provide equipment
loans typically structured with a fixed rate and amortized
monthly with payments of principal and interest over terms
of three to seven years. |
| Real
estate loans are an important component of the types of loans
provided by HomeTown Bank. Typical commercial real estate
transactions include the development of income-producing property;
a business’ purchase of its land and building, and the
construction and permanent financing of retail, multi-family,
office or industrial property. |
| For
start-up and less established businesses, the Small Business
Administration (SBA) programs can provide lower down payments,
more extended terms, and lower rates than conventional bank
funding for the following types of financing: |
•
•
•
•
•
|
Business acquisition
Business expansion
Real estate acquisition
Construction lending
Equipment financing |
| To enable prospective HomeTown Bank customers
to take advantage of the favorable terms and more flexible qualifying
provided by the SBA, commercial lenders at HomeTown Bank can
assist business owners in understanding the terms of the SBA
loan programs and guide them through the application process,
including the 7(a) or 504 programs provided by the SBA. |
|
|
|
|
Consult
your tax advisor for information on your own tax situation
|
| 1. |
Transaction
Limitations: Federal banking regulations limit you to six pre-authorized
or telephone funds transfers to your other accounts or to third
parties during any calendar month. Excess transaction fees will
apply. If you routinely exceed these limitations, the bank may
close the account or convert it to a checking account.
Transaction Limitations;
Federal Banking Regulations limit you to six pre-authorized
or telephone funds transfers to your other accounts or third-party
transactions per statement period; no more than three can be
by check or draft. Excess transaction fees will apply. If you
routinely exceed these withdrawal limitations, the bank may
close the account.
A one-time (annually) withdrawal of up to $25,000 from a single
HomeTown Bank CD can be made without interest penalty provided
funds are needed for a medical emergency (doctor’s note
required) and deposits have been in the bank for more than 7
days. |
| 2. |
| 3. |
|
|
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HomeTown Bank - All
Rights Reserved® 2005
|
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