What are Community Ban's Business Segments?
Business Banking – The Company offers a range of credit products for a variety
of general business purposes, including financing for commercial business properties,
equipment, inventories and accounts receivable, as well as letters of credit.
The Company also offers business checking and other deposit accounts, cash management
services, repurchase agreements, automated clearing house (ACH) and wire transfer
services and remote deposit capture.
Commercial Real Estate Lending – The Company provides a range of products
to meet the financing needs of commercial developers and investors, residential
builders and developers and community development entities. Credit products are
available to facilitate the purchase of land and/or build structures for business
use and for investors who are developing residential or commercial property, as
well as for real estate secured financing of existing businesses.
Residential Real Estate Lending – The Company provides products to help
meet the home financing needs of consumers, including conventional permanent and
construction/permanent (fixed, adjustable, or variable rate) financing arrangements,
and FHA/VA loan products. The Company offers both fixed-rate and adjustable rate
residential mortgage (ARM) loans and home equity loans. A portion of the first
lien residential mortgage loans originated by the Company are sold into the secondary
market. The Company offers these products through its network of banking offices.
The Company does not originate subprime residential real estate loans.
Retail Credit – The Company provides a full-range of loan products to meet
the needs of consumers, including personal loans, automobile loans and boat/recreational
vehicle loans. In addition, through a marketing alliance with a third party, the
Company offers credit cards.
Municipal and Institutional Banking – The Company provides banking services
to meet the needs of state and local governments, schools, charities, membership
and not-for-profit associations including deposit account services, tax-exempt
loans, lines of credit and term loans. In addition, through an arrangement with
the Federal Home Loan Bank of Boston (“FHLBB”), the Company offers
a secured deposit product to its municipal customers, collateralized by FHLBB
letters of credit.
Retail Banking – The Company provides a full-range of consumer banking services,
including checking accounts, savings programs, automated teller machines (ATMs),
debit/credit cards, night deposit facilities and online, mobile and telephone
banking.
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