Business Banking

Checking

Free Checking

No account maintenance fees checking account for your business. This account is designed for small businesses with a lower volume of activity.

FREE account with no account maintenance fees or minimum balance required
FREE unlimited check writing
FREE internet banking and phone banking
ATM/Debit card has no card fee for the first year

Interest Checking

Designed for the sole proprietorship business that wants an interest bearing checking account.

FREE of account maintenance fees if balance remains above $100.00. Service fee assessed below $100.00
FREE check images
FREE unlimited check writing
FREE internet banking and phone banking
ATM/Debit card has no card fee for the first year

Customers over 50 years of age qualify for additional benefits.

Now Checking

An interest bearing business account for sole proprietorships who want to earn a higher rate of interest

FREE check images
FREE internet banking and phone banking
Higher interest earned when a minimum balance of $1000.00 is maintained
ATM/Debit card has no card fee for the first year

Requirements

Initial Deposit of $100.00 required
Valid photo ID
One of the following:
- Social security card
- Social security number on valid driver’s license
- Social security number on health insurance card
- Social security number on payroll stub
- Social security number on IRS tax form 1040

Click here* for documents needed to open a business account.

* Adobe Acrobat format. If you do not currently have Adobe’s Acrobat Reader, click here to download a free copy from the Adobe web site.

Savings

Business Savings

An interest-bearing savings account for your business.

Interest is credited to your account MONTHLY
Statement is issued Quarterly
ATM card has no card fee for the first year
FREE internet banking and phone banking

Initial Deposit of $100.00 required.

Health Savings

Offer this HSA (Health Savings Account) account for your employees to compliment your high-deductible health plan. We can keep the costs down for your employees to enhance your benefit offering.

FREE account with no maintenance fees
FREE initial order of checks or FREE Debit card for main account holder
FREE automatic deposits from your employer
FREE unlimited check writing
FREE internet banking and phone banking

Initial Deposit of $100.00 required, or transfer from existing HSA.

Money Market

A savings account for your business that earns a higher rate of return.

Limited check writing per banking regulation
FREE check images
FREE internet banking and phone banking
FREE initial check order
Higher interest earned when a minimum balance of $2500 is maintained
ATM/Debit card has no card fee for the first year

Initial Deposit of $2500.00 required

Requirements

For all Business Savings Accounts

Valid state issued driver’s license or state issued I.D. card
One of the following:
- Social security card
- Social security number on valid driver’s license
- Social security number on health insurance card
- Social security number on payroll stub
- Social security number on IRS tax form 1040

For Business Savings Accounts

Initial Deposit of $100.00 required.

For Health Savings Accounts

Initial Deposit of $100.00 required, or transfer from existing HSA.

For Business Money Market Accounts

Initial Deposit of $2500.00 required.

Click here* for documents needed to open a business account.

* Adobe Acrobat format. If you do not currently have Adobe’s Acrobat Reader, click here to download a free copy from the Adobe web site.

CDs

Certificates of Deposit offer low-risk investment opportunities and higher interest rates by locking in your deposits for a specified period of time.

This is a single-deposit account and the interest rate is fixed at the date of deposit for the term of the account. Interest earned can be credited back into the account, or transferred monthly or quarterly to another Park State Bank & Trust account, or paid by check. CDs range in terms from 3 to 60 months.

Jumbo CDs have a starting balance of at least $100,000 and earn a higher rate of interest with terms ranging from 1 – 12 months.

Loans

Construction Loans

Commercial Construction Loans
Park State Bank & Trust offers competitively priced loans to finance the construction of income-producing properties such as office buildings, shopping centers, warehouses, showroom space, apartment buildings or condominium buildings. The loans are serviced by a local loan officer. We will come to your location for your convenience.

Residential Construction Loans
Park State Bank & Trust offers construction loans to build speculation (spec) or pre-sold 1-4 family homes. The loans are competitively priced and serviced by a local loan officer. Contact us today for more information.

At Park State Bank & Trust, we understand that each loan applicant has different needs. We do not have a “one-size fits all” loan structure. Instead, we focus on listening to your ideas and coming up with a solution. We provide one-on-one customer service that you cannot get at larger institutions.

For more information please contact us, or visit our Woodland Park location to apply. We are happy to come to you by appointment.

Line of Credit

Park State Bank & Trust combines a line of credit with the convenience of a checking account.

A credit line of $5,000 or more that may be unsecured or secured by acceptable forms of collateral.
You can access your Line of Credit by check, Debit Card, Internet Banking, 24-Hour Telephone Banking, electronic debit, or in-person bank withdrawal.
Interest accrues only on the outstanding balance, and you may arrange to have payments automatically deducted from your Park State Bank & Trust business account.

We do not have a “one-size-fits-all” loan structure. Instead, we focus on listening to your ideas and coming up with a solution. We provide one-on-one customer service that you cannot get at larger institutions.

For more information please contact us, or visit our Woodland Park location to apply. We are happy to come to you by appointment.

Mortgages

You need to finance or re-finance your organizations property. Your Park State Bank & Trust loan officer will work with you to find a loan structure that is priced right for your business. Stop in or call today so that we can listen to your needs and work to find a solution for you.

Commercial Building Loans
Preserve your cash while growing your organization. Park State Bank & Trust offers up to 80% Loan-to-Value financing for certain owner-occupied commercial mortgage loans. Eligible uses for the program include:

purchase, renovation or expansion of existing building
purchase land/construct new building(s)
purchase machinery and equipment.

At Park State Bank & Trust, we understand that each loan applicant has different needs. We do not have a “one-size-fits-all” loan structure. Instead, we focus on listening to your ideas and coming up with a solution. We provide one-on-one customer service that you cannot get at larger institutions.

For more information please contact us, or visit our Woodland Park location to apply. We are happy to come to you by appointment.

Letter of Credit

Performance letters of credit are issued as a bank guarantee for an obligation of the applicant. They can be needed under a variety of circumstances, including inducing the guarantee of delivery of goods or services or guarantee of a payment.

Single Payment Loans
Commercial single payment loans are made for a specific purpose or use. Often these are done on a short-term or bridge basis. These loans give you the ability to receive funds in advance with the repayment coming at a set future time.

For more information please contact us, or visit our Woodland Park location to apply. We are happy to come to you by appointment.

Tools & Services

Banking Advisor

As the leading local community bank we understand our marketplace and we are part of the fabric of the community. We do not try to fit your business in the same box as every other business. We want to take the time to sit down with you and listen to where your business is and where you want your business to go. We will take the time to understand what you are trying to accomplish and put together a comprehensive plan of action which includes all of the products, services, and support we can provide. We are here to listen to you.

Online Banking

Online Banking Features:

Your balance and transaction information is updated in “real time” during our business hours.
Funds Transfers you initiate on this site between your accounts with us will be sent to the bank within minutes, during our business hours.
You may change the display names or “nicknames” on your accounts by clicking on “Preferences”, then “Accounts”.
You may communicate directly with us through Secure Messaging. Find this option by clicking “Services”, and then “Messages”.
If you forget your password, simply click the “Forgot Password” box, type in your login ID, and click the Login button. A secure access code will be delivered to you by your choice of phone or email, so that you can access your online banking. NOTE: This must be done before your third incorrect login attempt.
New Bill Pay pricing: beginning January 1st, 2008, Bill Pay customers will be able to pay 6 bills for FREE each month. The service charge for additional bills will be only $0.75 each.

Access Online Banking Now!

Phone Banking

24/7 Voice Access

Toll-free number for you to use while traveling: 1-866-966-9772.
Access to balance and transaction information updated in real time.
Locally, you may still reach our Voice Access system at 719-687-6056.
24/7 call to obtain account information on your checking, savings, CD, IRA, and loan accounts.

You can click on the following link to view the Voice Access Instructions*.

* Adobe Acrobat format. If you do not currently have Adobe’s Acrobat Reader, click here to download a free copy from the Adobe web site.

Merchant Services

In today’s business environment it is important that you meet the need of your customers. In many cases it means adding the ability to accept credit cards at your business. We can help you provide this convenience to your customers whether you are a new business, an existing business, or even if you accept credit cards already.

We have been here since 1965, and we are not planning on going anywhere. Some merchant processors will swing through town, overcharge for equipment, and tie your business up in a long term contract. When the dust has settled, you never see the SALES Person again, and you are left calling an 800 number somewhere far away which may provide questionable service. With our service you can always come down and talk to a real person who is responsible for getting you the help you need. We do have an 800 number to our Partner Processor, but you can always reach us locally at 719.687.9234. If you would like an evaluation of your current processor and pricing or if you are ready to start a new service or add this service please contact us at 719.687.9234 and ask for a Personal Banker. Below are some of the advantages of letting us provide Merchant Service to you.

Convenient Start up gets you on line fast.

48-Hour merchant application approval
Easy equipment installation
Courteous, fast, and easy-to-understand training
Low cost to switch from paper to electronic processing
One phone call answers your questions

Local service from people you trust

All major credit cards and debit cards accepted
Competitive rates and no hidden fees
Guaranteed 48-hour settlement of funds
Money-saving expert help fighting chargebacks
Fees charges monthly after you receive your statement

Our technology adds value to your business

Competitively priced state-of-the-art equipment
Speedy equipment replacement when needed
Timely terminal updates so you qualify for lowest rates
Detailed account information instantly available by fax or online anytime
24-hour, 7-day technical support help desk.