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Business Banking
Tower Bank is dedicated to bringing the competitive advantage to your business. We focus on building relationships that are long-lasting and mutually beneficial by providing customized financial resources and personal service.
Deposit Services
We offer several checking account options to match the needs of your company. Tower’s free Business Checking is excellent for lower volume accounts while sole proprietors, not-for-profits and government entities can take advantage of our Business Interest Checking account. Tower’s Analyzed Checking is designed for higher volume accounts. Our representatives will assist you in determining the best fit for your company.
Order checks now – Order your business checks online through Deluxe Corporation.
For longer term deposits, we also offer business money market, business savings and our exclusive Something Perfect CD.
Flexible Lending
Tower Bank offers a complete line of loan products. Our revolving line of credit helps finance your working capital needs. In addition, we offer term loans for equipment and capital expenditures. With our commercial real estate loans, you can build, buy, refinance, or expand your business property.
Government Enhanced Loan Programs
In addition to conventional loans, we partner with government entities to offer other opportunities to those who qualify. The Community Development Corporation (CDC) and Small Business Administration (SBA) have a broad range of short-term and long-term loan products available.
Retirement Plans
Tower Bank provides a wide variety of qualified retirement plans for employers to offer their workforce. Through our Investment Services area, IRAs, SEP IRAs, Simple IRAs, Roth IRAs, Single Ks, Single Defined Benefit, Profit Sharing, Money Purchase Pension and 401(k) plans are available. We can also offer guidance for non-qualified plans. Our personalized one-on-one employee education and cost-sensitive service set us apart from the competition.
Courier Service
Our in-house courier service brings the bank to you. We provide pick up and delivery of deposits and withdrawals, receipts and correspondence, application forms, and more. We’ll pick up and deliver as many times per week as you need.
Resources for Your Business
Whether you already own a business or plan to start one sometime in the future, Tower Bank has resources available for you. Learn how to prepare a business plan, consult the Small Business Association or complete your personal financial statement. Click here for a complete list of available business resources.
Customer Identification
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
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