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Municipal Services Available at Community National Bank, VT

Loans

Towns and school districts frequently need to borrow funds. Whether it be borrowing in anticipation of taxes, to purchase a piece of highway equipment or to make capital improvements, CNB works with municipalities to find the products and services to fit their needs.

  • Tax/Revenue Anticipation
  • Bond Anticipation
  • Grant Anticipation
  • Current Expense
  • Capital Improvement
  • Highway Equipment
  • Lines of Credit

Deposits

CNB offers competitive deposit rates to our towns and school districts through many types of deposit products.

Non-Arbitrage Accounts:
An interest bearing deposit account that accompanies a Tax, Bond or Grant Anticipation Loan.

Government Agency Accounts:
An interest bearing account where balances in excess of FDIC insurance limits are fully collateralized at no cost to the municipality.

Business Checking

  • No minimum balance to open or to maintain to avoid monthly service charge
  • No per-item processing fees
  • Free initial Check Order (up to $50.00 in value)
  • Free Internet Banking
  • Paper statement delivery option $6.50
  • Electronic statement (e-statement) delivery option no charge
  • Free Business Check Cards (available with unique user ID numbers and limits)

Money Market Accounts:
Limited transaction account with slightly higher rates than a typical money market account provided to our towns and school districts.

Other Services

Cash Management:
With Cash Management, business customers can originate ACH transactions such as payroll deposits and pre-authorized debit transactions, pay bills, transfer funds between CNB accounts, receive electronic notices and originate wire transfers.

SmartScan Remote Deposit:
CNB's SmartScan solution allows businesses to make deposits remotely by scanning checks at their business location. The scanned items are sent to the bank through a secure electronic transmission. The service includes a CNB SmartScan and on-site set up and training.