|
|
Farmers Bank offers a variety of business and commercial accounts. We can tailor a loan to fit your needs and arrange the repayment according to your particular situation.
Click on an account below to review the various features available with each. If you need commercial financing, contact one of our Banking Representatives and we will give you immediate attention.
Business Checking
- Non-consumer account
- Statements sent once each month
- Deposits can be made in person, through our night deposit, by mail or by direct deposit
- Withdrawals require preprinted checks
- No Monthly maintenance charge if a minimum balance of $600 is maintained
back to top
Two Way Plus Checking
- Available to any consumer depositors, sole proprietorship, or non-profit organization
- Statements sent once each month
- Deposits can be made in person, through our night deposit, by mail or by direct deposit
- Withdrawals require personalized checks
- Account earns interest on daily balance, paid monthly, if minimum balance of $2,000 is maintained
- No monthly maintenance charge if a minimum balance of $2,000 is maintained
- *Regulations Limit Availability on Certain Non-Consumer Accounts
back to top
Easy Money for Business
- Available to business depositor
- Minimum deposit to open this account is $5,000.
- Statements sent at end of each month
- Deposits may be made in person, through our night deposit, or by direct deposit
- Withdrawals must be made in person
- As you increase the balance in your account, you earn higher rates of interest.
- No monthly maintenance fee if balance does not drop below minimum during the statement cycle
- Interest is credited to your account monthly at each statement period
back to top
Regular Savings
- Available to any depositors
- Minimum deposit to open this account is $100.
- Statements sent semi-annually on the last business day of May and November. (Accounts receiving electronic transactions will receive statements monthly)
- Deposits may be made in person, through our night deposit, by mail, or by direct deposit
- Withdrawals or account transfers must be made in person
- Interest rate & APY will be posted in the lobby of the Bank
- Interest will be compounded quarterly
- No monthly maintenance fee if balance does not drop below a minimum balance of $300 during the statement cycle
back to top
Easy Money
- Available to any depositors
- Minimum deposit to open this account is $2,500.
- Statements sent at end of each month
- Deposits may be made in person, through our night deposit, by mail, or by direct deposit
- Withdrawals must be made in person
- As you increase the balance in your account, you earn higher rates of interest.
- No monthly maintenance fee if balance does not drop below a minimum balance or $2,500 during the statement cycle
back to top
Certificate of Deposit
- Farmers bank offers CD's for 6, 12, 24, 36 and 48 months with a minimum of $10,000.
- Contact a Bank Representative for more information.
- The interest rate will be posted in the lobby of the Bank and is available from any Bank Representative.
back to top
Individual Retirement Account (IRA)
- The interest rate will be posted in the lobby of the Bank and is available from any Bank Representative.
- Minimum deposit to open this account is $250.
- Interest begins to accrue on the business day you deposit funds into the account.
- Interest will accrue daily and is credited to your account twelve months from origination and every twelve months thereafter.
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the full amount of principal in the account each day.
- Will mature twelve months from the origination date.
- A statement will be rendered to the depositor once a year.
- A withdrawal may require 14 days prior notice
- Partial withdrawals cannot be permitted without receiving a penalty except for retirement withdrawals
- Penalties will be assessed for early withdrawal
- Automatically renews at the end of twelve months
back to top
Single Payment Loans
- Loans can be structured to fit your needs.
- Contact our loan department for information about our Single Payment lending products.
back to top
Multi Payment Loans
- Loans can be structured to fit your needs.
- Contact our loan department for information about our Multi Payment lending products.
back to top
|
