Deposit Solutions

Banking Solutions Catered
to the Needs of Your Business

Community National Bank is one of the fastest growing commercial banks in the New York Tri-State area because of our financial strength, stability and extensive resources. We are a Member FDIC also participating in the Transaction Account Guarantee Program.

Our Business Checking account is perfect for every business, making it easy for you to manage your deposits. For customers with high volume transactions and/or cash management needs, we offer Elite Commercial Analysis Checking*, complemented with our Elite Commercial Money Market-Tiered* account—earn interest based on account balances while keeping the benefits of liquidity.

Plus, if you have multiple Trust & Escrow accounts, or are an attorney in need of an IOLA account, our cash management solutions make it a breeze to handle your deposits.

See below for our full line of customized CNB’s Business Deposit accounts.
BUSINESS CHECKING ELITE COMMERCIAL ANALYSIS CHECKING
BUSINESS MONEY MARKET ACCOUNTS ELITE COMMERCIAL MONEY MARKET TIERED*
TRUST/ESCROW MANAGEMENT ACCOUNTS IOLA ACCOUNTS

BUSINESS CHECKING
Simple and Designed for Every Business

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ELITE COMMERCIAL ANALYSIS CHECKING*
Making Commercial Accounts Uncomplicated with Customization

Our Elite Commercial Analysis Checking Account makes it painless to manage your company’s finances, no matter how complex.

*Package Account Includes: Elite Commercial Analysis DDA-Operating Account and Elite Commercial Money Market Tiered-Account, and a variety of Cash Management tools.

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ELITE COMMERCIAL MONEY MARKET-TIERED*
(Must have Elite Commercial Analysis DDA-Operating Account)

*Package Account Includes: Elite Commercial Analysis DDA-Operating Account and Elite Business Money Market Tiered Account and a variety of Cash Management tools.

** DEBIT Visa Card Subject to approval.

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IOLA ACCOUNTS (Attorneys)
Hassle Free Record-keeping and Reporting

New York State law requires attorneys to establish IOLA accounts when client trust accounts meet certain criteria. The interest on these nominal and short-term deposits is paid to New York.

At Community National Bank it's easy to open and maintain IOLA accounts. We take care of record keeping, reporting and remittance of interest to the New York State IOLA Fund.

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TRUST/ESCROW ACCOUNTS

Community National Bank offers a variety of Trust and Escrow accounts. We can customize your Trust and Escrow accounts based on your needs.

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ESCROW MANAGER ACCOUNT
Reduce Administrative Time and Expense

Designed to meet the needs of those who hold client funds, and specifically structured to simplify record keeping/reporting and to reduce administrative time and expense. Each of your client’s accounts is segregated into separate sub-accounts. These sub-accounts are then linked to a single disbursement account from which disbursement checks may be drawn. This means you can open and close sub-accounts as needed while maintaining a permanent master account for disbursements. Each sub-account is also clearly identified with your client’s social security number or taxpayer ID number.

Other benefits include:

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BUSINESS MONEY MARKET
Earning Interest on Liquid Funds

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TIERED BUSINESS MONEY MARKET
The Greater Your Investment, The Greater Your Return

** DEBIT Visa Card Subject to approval.

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