| Building a successful business can be the opportunity of a lifetime. Our business banking solutions can help you make the most of it. At Provident Bank, we have a strong track record with local businesses, so we know what it takes to compete in this competitive environment. Put our experience to work for your business. With our comprehensive range of commercial and small business products and services, delivered with our own brand of flexibility and local decision making, you are sure to find the connections you need to help your business grow. |
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Provident Bank offers a full range of commercial services to meet the special financial needs of small- and mid-sized businesses, law firms and municipalities.
New York State law requires attorneys establish IOLA accounts to hold “qualified” nominal, short-term funds in trust for a client. Provident Bank makes it easy to open and maintain IOLA Accounts. We take care of record keeping and forward the interest to the state’s IOLA Fund, which subsidizes legal services for low-income New Yorkers and a variety of legal programs. Open an IOLA at Provident Bank with no minimum deposit and easily track all activity on your monthly statement.
Provident Municipal Bank is dedicated to meeting the financial needs of our local municipalities. This Provident Bank subsidiary provides a full range of banking products and services at competitive rates:
- Checking
- Cash Management
- Certificates of Deposit
- Asset Management
- Financing of Government Projects and Acquisitions (Tans, Rans, Bans, Serial Bonds)
- Money Market Accounts
And because Provident Bank is an independent, full-service community bank, municipalities can be confident that the funds deposited here remain in the community through personal home mortgages, home equity lines of credit, business loans and municipal bank services and funding.
This helps facilitate the execution of contracts and agreements and essentially “guarantees” performance or payment as specified in contract or agreement.
Import/Export Letters of Credit
Known as a commercial letter of credit, this is issued through a correspondent bank and facilitates international trade.
A SEP provides retirement benefits to business owners and their employees. This plan also is:
- Simple to start, fund and manage.
- Gives owners a competitive edge by attracting and retaining quality employees, as well as potential tax advantages.
Connecting to your Business Checking Account is easier than ever! The Provident Bank Business Debit Card allows you to immediately access your account for deposits, cash withdrawals and purchases whenever the need arises.
- Business Debit Card Agreement
- Business Debit Card Application
For more information about these services, visit your local branch. |
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