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Business Banking

Checking Accounts

No Minimum Balance Business Checking Account

  • No monthly service charge or maintenance fees
  • Unlimited check writing
  • Complimentary first box of personal-sized checks
  • Monthly statement

 


Savings Accounts

Statement Savings

  • Interest-bearing account / credited monthly
  • No minimum balance
  • Monthly statement
  • Six transfers and withdrawals from the account per month

Money Market

  • Interest-bearing account / credited monthly
  • Minimum balance of $5,000.00

A minimum balance fee of $10.00 will be imposed every statement cycle if the daily balance in the account falls below $5,000.00 any day of the statement cycle.

  • Monthly statement
  • Six transfers and withdrawals from the account per month
  • Complimentary checks
  •  

Certificates of Deposit

  • Available in standard terms of 3 to 60 months
  • Flexible maturities also available
  • Automatic renewal
  • Competitive Rates
  • Various interest payment options available
  • Rates vary with term of certificate and are subject to change at maturity
  • We will impose an early withdrawal penalty if you withdraw any of the principle before the maturity date.

Commercial Loans

At Mayville Savings Bank, we pride ourselves in providing all loan requests a rapid approval process.  All underwriting is done on site, with the exception of secondary market mortgage loans. What could take weeks at other banks can be done in days, if not the same day at MSB.  All loan requests are given the same sincere consideration working with you for a creative loan solution.  Standard loan products include:

  • LINE OF CREDIT
  • EQUIPMENT
  • INVENTORY
  • REAL ESTATE
  • WORKING CAPITAL
  • AGRICULTURAL

New customers will be requested to provide:

  • Last 3 years complete income tax returns
  • Current Company Financial Statement with 3 years of history
  • Background information on owners
  • Cash flow statement
  • Personal Financial Statement
  • Business Plan

 

BANK AT THE BANK YOU OWN!