Municipal Services
Joining Lake Sunapee Bank provides the opportunity for The Nashua Bank to now offer a variety of services to towns in our market area. We will work hard to provide financing packages and deposit products tailored to your needs.
Remote Deposit Capture
Make deposits from your desktop! This technology offers towns the ability to make deposits to their accounts quickly and efficiently without leaving the office. This is particularly helpful during periods of high activity.
Merchant Bankcard Banking
Many town functions occur outside normal business hours. Online banking offers the convenience of credit card transacting town business at night or on weekends. It offers quick, immediate access to information often needed during meetings or discussions. You may assign different levels of authority and access to multiple employees, send wires and initiate ACH transactions, credit card merchant services and also including payroll direct deposit.
Tax Anticipation Notes
Tax payments are an annual or semi-annual event in most towns, but the business of running the town is a daily occurrence. The Nashua Bank division Tax Anticipation Notes are unsecured line of credit loans that provide funds to pay ordinary operating costs. The principal may be borrowed as needed, but these Notes do not require any payment until maturity.
Capital Purchase/Time Notes
Need a new ambulance, police cruiser, safety equipment or fire truck? We offer flexible repayment schedules and very competitive rates.
Capital Improvement/Construction Notes
We offer construction financing and permanent funding to build/renovate town facilities with terms, fees, and rates that are competitive with the Muncipal Bond Bank.
CDARS®
CDARS® (Certificate of Deposit Account Registry Service®) is the most convenient way to enjoy full FDIC insurance on deposits of up to $50 million. With CDARS, you sign one agreement, earn one interest rate, and receive one regular statement.
Cash Management Programs
Maximize excess funds with an overnight repurchase agreement, earning interest while reducing or eliminating service charges. Municipal funds in excess of the FDIC insured limit may be collateralized by the pledge of qualifying securities.
For more information, call 866-6154-3383 today and ask for a Municipal Banking representative or send us an email.
