Government Banking

Banking Solutions for Public Funds

Community National Bank’s government banking team provides customized banking solutions to public entities.

We offer interest and non-interest bearing accounts, including competitive bids on certificates of deposits with terms of 7 days to 5 years, as well as savings and money market accounts.  We also customize Cash Management Solutions to meet your specific needs.  Our Desktop Banker, Lockbox Services and Online Banking enhance your overall deposit relationship. 

Collateralized Public Funds

CNB complies with New York State Laws and FDIC* limits. Collateralized public funds are set aside in an escrow account at a third-party custodian* under the municipality’s name.

For more information, contact CNB’s Government Banking Department at 516-498-9111 extension 111.

*CNB participates in the FDIC’s Transaction Account Guarantee Program, which states that non-interest transaction accounts are fully guaranteed in their entire amounts by the FDIC through December 31, 2012. This coverage is additional to and separate from the coverage available under the FDIC’s general deposit insurance rules.

*CNB uses M&T Bank for collateralized funds.  M&T sends a monthly statement to each of the entities that maintain deposits at CNB.