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Business Banking

We are connected to the communities we serve by providing better than expected service. We offer a variety of banking solutions that meet the unique needs of the businesses serving the Four Corners Region.

Not sure what documents you'll need to open a new business account? We've put together a simple checklist of Required Documents for New Business Accounts.

Business Checking Plus

This account is ideal for small businesses. With no monthly service charges, this account takes care of your money so you can focus on what you do best--taking care of business!

Features

  • No monthly service charge
  • No minimum daily balance required
  • Free Visa® Business Debit Card
  • Free online & telephone banking
  • Free mobile banking
  • Merchant Credit Card Processing Services available
  • Cash Management available
  • Remote Deposit Capture available
  • MasterCard® Payroll Cards available

Service Charges

  • $100.00 minimum balance to open
  • Free daily currency purchases up to $5,000.00
    • $2.00 per purchase for amounts over $5,000.00
  • Free business bill pay up to 35 transactions per month
    • $0.35 per transaction after 35 transactions per month
  • No charge for:
    • Check writing
    • ACH debits & credits
    • Deposited items
      • Up to combined amount of 500 items ($0.25 per item after 500)

Business Interest Checking

This account is an interest bearing account ideal for businesses that have low transaction activity and maintain high balances in the bank.

Features

  • Interest bearing
  • Free Visa® Business Debit Card
  • Free online & telephone banking
  • Free mobile banking
  • Merchant Credit Card Processing Services available
  • Cash Management available
  • Remote Deposit Capture available
  • MasterCard® Payroll Cards available

Service Charges

  • $1,000.00 minimum balance to open
  • $6.00 monthly service charge
    • Service charge is waived with a $1,000.00 min. daily balance
  • $0.15 per check or other debit
  • $0.15 per deposit or other credit
  • $0.15 per transit item
  • $0.10 per on us item

Commercial Analysis Account

This account is ideal for businesses with high transaction volumes. Your business is provided with a monthly analysis statement and earning credits are applied to offset account maintenance fees.

Features

  • Analysis statement is provided. Earnings credits are calculated at 90% of the three (3) month US Treasury Bill rate effective each Wednesday.
  • No minimum daily balance required
  • Free Visa® Business Debit Card
  • Free online & telephone banking
  • Free mobile banking
  • Merchant Credit Card Processing Services available
  • Cash Management available
  • Remote Deposit Capture available
  • MasterCard® Payroll Cards available

Service Charges

  • $100.00 minimum balance to open
  • $6.00 monthly service charge
  • $0.15 per check or other debit
  • $0.15 per deposit or other credit
  • $0.07 deposited item charge
  • $0.0004 per amount of cash deposited
  • $2.00 for each returned deposit item
  • $0.10 per roll of coin
  • $0.25 per strapped currency (in/out)
  • $4.00 per cashierís check
  • $27.00 per stop payment
  • $15.00 per domestic wire transfer fee
  • $45.00 per international wire transfer fee
  • $5.00 incoming wire fee
  • $2.00 per ACH return item fee

Business Money Market

Money Market Accounts are interest bearing accounts that don't tie up your funds. Unlike a CD which locks your money for a set period of time, a Business Money Market Account gives you full access to your funds and you can make deposits and limited withdrawals. This type of liquid account is ideal for earning higher interest while offering availability for any emergency needs that might arise.

Features

  • Interest bearing
  • Unlimited number of deposits
  • Free online & telephone banking
  • Free mobile banking

Service Charges

  • $1,000.00 minimum balance to open
  • $10.00 monthly service charge
    • Service charge is waived with a $1,000.00 min. daily balance
  • Six free withdrawals or transfers per month
    • $10.00 per withdrawals or transfer after the sixth
    • No more than six transfer may be made by check, draft or debit card to a third-party

Business Savings

Features

  • Interest bearing
  • Free online & telephone banking
  • Free mobile banking

Service Charges

  • $500.00 minimum balance to open
  • $2.00 monthly service charge
    • Service charge is waived with a $500.00 min. daily balance
  • Six free withdrawals or transfers per month
    • $2.00 per withdrawal or transfer after the sixth

Certificates of Deposit

A CD investment is an excellent choice for businesses that would like to invest over a longer term to gain higher returns. At maturity, your funds are readily accessible and we can help you determine the CD term that best fits your needs and long-term strategic goals.

Features

  • Interest bearing
  • Competitive rates for specific terms
    • Check our current Rates
  • Various terms available

Service Charges

  • $1,000.00 minimum balance to open
  • Early withdrawal penalty fee may apply

Safe Deposit Boxes

Protect your precious belonging and personal items with a safe deposit box. Choose from a variety of sizes offered at two convenient locations in Farmington: 500 West Main Street and 2811 East 20th Street.

  • 3x10    $25.00 annually
  • 5x10    $50.00 annually
  • 10x10  $75.00 annually

*No insurance coverage is provided on box contents by FDIC or this financial institution.

Night Deposit

Canít make it to the bank before we close? Night deposit is available at each of our locations. This option offers a convenient way for our business customers to drop off end-of-day deposits.

Visit us at any location and ask for a secure Night Drop deposit bag. Night drop bag fee will apply.