Deposits

We are here to help you determine the type of checking, investment plan or credit solution you need. We offer a complete range of accounts and services that are designed to meet your business needs.

Here are some ways we can help you:

• Increase your cash flow.
• Enable you to take advantage of valuable discount opportunities.
• Acquire new business assets.
• Market expansion.
• Refinance your business property.
• Letters of Credit.

Company Direct Deposit

First National Bank's Direct Deposit service provides an economical way for your company to offer a valuable employee benefit. It enables you to deposit your employee's pay directly into their checking or savings account at the financial institution of their choice.

Here are some of the benefits for your company:

• Provides an excellent addition to your employee benefit package.
• Eases the distribution of pay to employees offsite; eliminates special handling of absentee employee checks.
• Eliminates lost/stolen paychecks, stop payments and the need to reissue checks.
• Reduces labor cost, check printing, postage and bank statement reconcilement, as well as loss of time.

Great benefits for your employees:

• Convenience—net pay is deposited automatically on your pay day (available on pay day morning); saves a special trip to the bank to deposit paycheck; faster—eliminates waiting in teller line.
• Security —their net pay is deposited even when they are sick or out of town.
• Flexibility —deposit can be split between checking and savings account.

Business Checking Accounts

Venture First Checking:

For the small business customer whose total items processed each month (checks, deposits, deposited items) do not exceed 500.

• $100 minimum balance required to open account.
• $10 monthly maintenance fee waived with a $750 minimum ledger balance or an average collected balance of $2,500.
• 500 items processed per statement at no extra charge. There will be an additional charge of $.20 for each item in excess of 500. (The Commercial Analysis Account may be more economical for accounts that consistently exceed the limit of items processed.)

First Advantage Checking:

This account is designed for selected businesses such as sole proprietorships and public entities who are eligible for interest checking and maintain a minimum balance of $1,500 and whose total activity (checks, deposits, deposited items) does not exceed 500.

• Earns competitive rate of interest.
• $100 minimum balance required to open account.
• $10 monthly maintenance fee waived with a $1,500 minimum ledger balance or an average collected balance of $5,000.
• 500 items processed per statement at no extra charge. There will be an additional charge of $.20 for each item in excess of 500. (The Commercial Analysis Account may be more economical for accounts that consistently exceed the limit of items processed.)

Commercial Accounts:

(Full Analysis Commercial Checking Plan for Partnerships and Corporations)

First National Bank allows an earnings credit on collected balances to offset the monthly service charge.

Electronic Banking Services

FirstNet Business Banking:

Make banking faster, easier and more convenient than ever by providing an electronic window to YOUR HOMETOWN BANK.

• Check your First National account balances.
• Review the previous three months of account activity.
• Transfer funds between your eligible First National Bank accounts.
• Wire transfers.
• Pay bills.
• Reconcile accounts.
• Direct Deposit (company payroll)
• Report state and federal taxes.
• Invoice customers (preauthorized drafts).

Sweep/Investment Accounts:

This account was designed specifically for investment of excess funds on a daily basis to enable you to earn a competitive rate of interest via overnight purchase of government securities. With this arrangement, there is an agreement to repurchase the securities on the following business day. This account allows liquidity of funds as needed while it provides for maximum investment opportunities. A collected compensating balance is determined for the General Operating Account to cover all activity fees. Confirmation of the transactions and interest earned under this arrangement are provided daily with a Summary Statement at month end.

Zero Balance Account:

This service was designed for companies that maintain a general operating account as well as separate accounts for payroll, petty cash, etc. With this service, all of your funds are concentrated into one general operating account and as items are presented for payment from subsidiary accounts, funds are automatically transferred from the operating account to cover them. The account balance of the subsidiary accounts, therefore will always maintain a zero balance. This service allows you to maximize your investment opportunity and minimizes the administrative time required to monitor multiple accounts and make the transfers needed. A collected compensating balance is determined for the combination of activity in all accounts and excess funds earn interest at a competitive market rate. For municipalities, these funds are collateralized by the State Treasurer's Pooling Method.
 

First Remote Banking

From Your Hometown Bank, the bank that has pioneered real banking solutions since 1874, comes First Remote Banking, a secure, quick, and convenient way to bank from within your own business.

First Remote Banking enables you to make a deposit to your account without leaving your business. By using a scanner and imaging software, checks are converted and sent electronically to First National Bank.

Features and Benefits:

• Enhanced cash flow
• Reduced processing costs
• Improved employee efficiency
• Greater transaction security
• Save on employee's time and travel
• And much more

Let us help your business banking by introducing you to this innovative method to simplify your banking by using the latest technology available.

Click here to watch a video demonstration