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BUSINESS BANKING

BUSINESS DEPOSIT ACCOUNTS

At Tower Bank, we believe in partnering with local businesses to help them achieve their financial goals. We have created specialized accounts that enable business owners to rise to the next level. Our flexible accounts make handling funds easier so you have more time to focus on taking your business to new heights.

FDIC DEPOSIT INSURANCE COVERAGE INFORMATION:

On July 1, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act made permanent the current standard maximum deposit insurance amount of $250,000. That coverage limit applies per depositor, per insured depository institution for each account ownership category and is retroactive to January 1, 2008.

All Non-Interest Bearing Transaction Deposit Accounts
Tower Bank is participating in the FDIC’s Transaction Account Guarantee Program (TAGP). Under that program, through December 31, 2010, all non-interest-bearing transaction accounts* are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
*Includes deposit accounts with interest rates no higher than 25 basis points (0.25%).

Checking Accounts

Need a better way to manage your cash flow? Let Tower Bank help. Our flexible accounts make handling funds easier, so you have more time to focus on your business.

Free Business Checking Specifically designed for Sole Proprietors and Small Clubs No Monthly Maintenance Fee No Minimum Balance Requirement FREE 400 Monthly Transactions FREE Business Check Card FREE Internet Access to Balance	Free Business Interest Checking Designed exclusively for Sole Proprietors No Monthly Maintenance Fee (when minimum balance of $5,000 is met) FREE 400 Monthly Transactions Interest Bearing FREE Business Check Card FREE Internet Access to Balance
Commercial Checking No Monthly Maintenance Fee (when minimum balance of $10,000 is met) Earnings Credit FREE Business Check Card Full Cash Management Services	Government Banking Free Checking No Monthly Maintenance Fee No Minimum Balance FREE 400 Monthly Transactions Fully Collateralized Account
Government Banking Free Interest Earning Checking No Monthly Maintenance Fee (when minimum balance of $50,000 is met) Interest Bearing

Specialized Accounts IOLTA Account Designed exclusively to support local law firms No Monthly Maintenance Fee No Minimum Balance Requirement Unlimited Monthly Transactions Interest Bearing Business Money Market No Monthly Maintenance Fee No Minimum Balance Requirement Limited Monthly Withdrawals Interest Bearing FREE Business Check Card

Click here to view the Tower Bank Business Banking brochure.