Wealth Management Services

Employment opportunities:

Human Resource Department 773-854-2900 Ext. 149 or e-mail lhansen@abcbank.net.

For lost or stolen ATM/Debit or ABC Bank Credit Cards call 1-866-290-0196.

View ABC Bank’s Reg E Disclosure. Click here

IMPORTANT INFORMATION

ABC Bank is participating in the FDIC's Transaction Guarantee Program. The FDIC has permanently increased the standard maximum FDIC deposit insurance amount to $250,000 per depositor.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Business Banking

Cash Management

ABC Bank offers several cash management and investment choices for businesses and organizations. For more information about these services, speak with a Branch Manager at any of our locations.

Corporate Repurchase Sweep Account
Term Repurchase Agreement
Lock Box Services
CD's and Savings Accounts

Corporate Repurchase Sweep Account

For short-term investments, we offer a Corporate Repurchase Sweep Account. This arrangement links a business checking (Operating) account with a repurchase agreement sweep (Investment) account. Excess balances in the Operating account are "swept" into the Investment account daily. This enables you to earn a competitive interest rate on idle balances that otherwise would be kept in the Operating account. These investments are not FDIC insured but risk is limited as balances are collateralized by U.S. Government Agency securities.

Term Repurchase Agreement

We also offer Term Repurchase Agreements at competitive interest rates. These investments are not FDIC insured but risk is limited as balances are collateralized by U.S. Government Agency securities. Terms can be customized from 7 to 365 days.

Lock Box Services

We provide Lock Box Services to our commercial customers to facilitate the processing of account receivables in a timely, secure and accurate manner. Converting receivables into cash quickly is vital to every cash manager. Our solution is easy to manage and cost effective.

CD's and Savings Accounts

Earn a competitive fixed rate of interest for terms ranging from 3 to 60 months. For CD's greater than $100,000, earn competitive rates of interest with maturities ranging from 14 days to two years. Our traditional Business Savings offers a competitive rate of interest and requires a small minimum daily balance to avoid maintenance fees. For current interest rates offered for these accounts, click here.

Online Banking