Municipal Banking

Community Bank has offered municipal banking services for more than 150 years and maintains a municipal deposit base of approximately $1.5 billion.

We offer a wide variety of banking products and services to our local municipalities. If you represent a county, city, town, village, special district or public school, our knowledgeable team can help you find a solution for your everyday banking needs.

We provide the following solutions:
  • Checking, savings, money market and certificate of deposit accounts
  • Collateralized deposits
  • Cash management services
  • Short-term anticipation notes, equipment, and other term loans and lines of credit

For more information on municipal collateral pledging, see our common questions.

Public Fund Non-Interest CheckingPublic Fund Money ManagementStatement Savings Public FundMoney Market Public FundPrime Money Market Public Fund

Balance requirement

No

$1,000 minimum daily balance to earn interest

$100 minimum daily balance to earn interest

No

No

Monthly service charge

No

No

No

No

No

Interest bearing

No

Yes

Yes

Yes—Earns tiered interest: $1,000-$9,999.99, $10,000-$24,999.99, $25,000-$49,999.99, $50,000+

Yes—Earns tiered interest: $0.01-$499,999.99; $500,000-$999,999.99; $1,000,000+

Interest compounded and credited

-

Monthly

Monthly

Monthly

Monthly

Withdrawal limits

-

-

Write up to 3 checks per statement cycle at no fee; $5 fee for each subsequent check

Write up to 3 checks per statement cycle at no fee; $5 fee for each subsequent check

Write up to 3 checks per statement cycle at no fee; $10 fee for each subsequent check

Pre-authorized transfers or withdrawals (e.g., checks, online banking, telephone banking, ACH transactions, POS activity)

-

-

Up to 6 from your account per month

Up to 6 from your account per month

Up to 6 from your account per month

Additional cash management services

Yes—additional cash management services available

Yes—additional cash management services available

No

No

No

Free online banking and bill pay

Yes

Yes

Yes—free online banking

Yes—free online banking

Yes—free online banking

Free mobile banking and deposit

Yes

Yes

Yes

Yes

Yes

Free eStatements

Yes

No

No

No

No

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