Municipal 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 rates on certificates of deposits with terms of 7 days to 5 years, as well as money market accounts. We also customize Cash Management Solutions to meet the specific needs of municipalities. Our state-of-the-art cash management products include Desktop Banker, Lockbox and Online Banking services.

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 Michael Locorriere of the Municipal Banking Department at 631-773-1146 ext 1910 or email

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