Letters of Credit - Country Bank- Made To Make A Difference

Home > Letters of Credit

Country-Bank-man-and-woman-having-a-conversation-about-land-loans

LOCATE NEAREST BANKING CENTER LOCATE NEAREST BANKING CENTER

Country-Bank-man-shaking-hands-in-business-deal

WHAT IS A LETTER OF CREDIT?

A Letter of Credit is a type of legal agreement that creates a guarantee of payment and is often required by municipalities with financial or performance obligations. For instance, for major buildout, infrastructure, or renovation projects.

EMPOWER YOUR FUTURE

COMMERCIAL BANKING RESOURCES

As a business owner, it’s crucial to manage your finances wisely to ensure growth and stability. From budgeting effectively to investing in the right areas, every decision counts. Take advantage of these tools and tips to secure your business’s future.

Business Small Business

Professional Help With Your Business

Although it’s tempting to try and run a business on your own, it’s usually a good idea to get professional […]

Business Small Business

Funds to Build Your Business

Building a business costs money—usually more than you can generate from your operating revenues alone. Securing the funds you need […]

Business

Documentation for SBA Loans

The Small Business Administration (SBA) is a US-based institution which helps reduce risk to lenders, making it easier for small […]

VIEW ALL RESOURCES

FINDING YOUR SOLUTION

COMMERCIAL LETTER OF CREDIT FAQs

Are my business accounts insured?

Every deposit account at Country Bank is insured in full. In addition to Federal Deposit Insurance Corporation (FDIC) insurance, Country Bank offers Depositors Insurance Fund (DIF) protection.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
All deposits above the FDIC limits are insured in full by the DIF
The combination of FDIC and DIF insurance provides customers of Massachusetts-chartered savings banks with full deposit insurance on all of their deposit accounts

VIEW ALL FAQS