Government Banking

Sun National Bank is well positioned to provide Public Entities with services that:

• Maximize operating efficiency
• Optimize available balances
• Tighten system control
• Reduce / eliminate fees

Public Entities that look to Sun National Bank include:

• Municipalities
• School Districts
• Utility Authorities
• Fire Districts
• State Government / Authorities
• County Government / Authorities
• Community and State Colleges
• Housing Authorities

PRODUCTS AND SERVICES

• Non-Profit Interest Checking 
  • There are no 10% Federal Reserve requirements applied in the calculation of interest earnings
  • Eliminates the complexities of "sweeps" and investment vehicles
  • Competitive market rate offering a variable interest rate indexed to the 91-Day Treasury Bill Investment Yield
  • Insures that available funds are always providing earnings.  Interest is calculated and posted monthly on the average collected balance
• Public Fund Checking
  • Optimizes earning while keeping funds fully protected
  • Eliminates the need of a daily sweep product
  • High-yield interest rate indexed to the (91) Day Treasury Bill Rate
  • Unlimited check writing
• Electronic Banking Services
  • Control over financial information via computer
  • Installation and training
  • FREE customer service help-line
• Escrow Management
  • Helps municipalities adhere to the Municipal Land Use Law
  • Deposits and disbursements handled through a single checking account
  • Comprehensive tax reporting
• Government Credit Options
  • Short-term financing, BANs and TANs
  • Municipal Lease Financing offered at tax-exempt rates
  • Merchant Card Services
  • Corporate Trust/Capital Markets
• Cash Management

Questions?

Contact Bruce Engle, 856.690.4225 or email