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Commercial Banking Services
"Bank Where You're Known" --A 30-year history of servicing local businesses.
The State Bank Group takes your business needs very
seriously and understanding the banking needs of your business is
our top priority. The history of local business ownership is very
much a part of our service mission. We are a locally owned bank and
our bank directors own their own business enterprises within our
market area and support of local business is deeply rooted in the
bank's commitment to provide value oriented banking services to our
commercial customers. 
More and more businesses are choosing The State Bank
Group because we take the time to understand your business and work
closely with you when your business is faced with opportunities
or challenges.
If you'd like to know more about how to "Bank Where You're Known",
call The State Bank Group at (815) 728-8000. As a strong and local
community bank, we are dedicated to providing full-service banking
at all our locations. We welcome the opportunity to discuss your
banking needs. Please visit any of our banking locations to learn
how we can partner with you today.
Benefits of Automated Clearinghouse (ACH)
Origination Direct Deposit of Payroll
- Cost Savings - Less
checks to buy, reduce bank charges, minimize check distribution
costs.
- Increased efficiency - Reduced time to print and
sign payroll checks, faster and streamlined payment disbursement,
improved account reconcilement, no need to store hard copies of
cancelled checks, elimination of lost/stolen paycheck.
- Employee’s
are happy – Progressive employers offer
direct deposit and employees prefer direct deposit over receiving
a hard check. It is more confidential, the employee receives access
to their funds faster and when they are on vacation or out sick.
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ACH Bill Payment
- Cost reduction - Reduced billing
costs associated with invoice printing envelopes and postage.
- Improved
cash flow - Funds are received faster and therefore deposited to
account on the due date and the amount of the credit is known in
advance.
- Increased efficiency - Reduced time to create
invoices, reduced number of incoming checks to process, improved
accuracy over customer written checks, simplified research due
to entire payment process initiated internally, easier handling
of returned items.
- Increased marketing capability - Provides a progressive
image to customers, provides an additional benefit to be offered,
increases customer retention level.
- Improved delinquency ratio -
Eliminates receiving checks after due date, eliminates second billing
notices.
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Business Online Banking
- Online Account Review of real-time
activity
- Online Statement History
- Bill Pay
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Business
Loans
- Investor residential real estate loans
- Commercial Mortgage Loan
- Term Loans
- Lines of Credit
- Letters of Credit
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NEW!
Business Advantage Checking
Free Business Checking for small and medium sized
businesses. Features: Minimum opening balance $100. No monthly maintenance
fees. Up to 100 items per month with no service fees, such as checks,
deposited items, ACH, coin and electronic transactions (not all types
are listed). Free online and telephone banking. Monthly statement,
no check images. *Overdraft
fee per item is $25. Per item fee in excess of 100 transactions
during cycle (month) $0.25. Return to menu
Commercial Checking
Features: Minimum balance $1. Minimum opening balance
$100. Monthly imaged statement, Unlimited check writing. Account
Charges: Monthly maintenance $6. Deposit $0.10, Deposited item$0.10,
Paid item, $0.10. Currency Services: Rolled coin (per roll) $0.05.
Strapped currency (per strap) $0.05. ACH Electronic Services: Received
debit and credit $0.05, Transmitted debit and credit $0.05, Multiple
entry transmission $10. A variable earnings credit based on our
90-day certificate of Deposit rate effective the first day of the
month applied to offset charges. Return
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Remote
Deposit
Features: Monthly service fee $50.00. Installation,
Initial Training and Licensing Fee included. Unisys Single Feed Check
Scanner included, auto feed scanners are available for purchase.
Other fees may apply pertaining to the deposit account(s) associated
with the service, depending on the type. Please refer to the account
disclosures received at account opening or provided in periodic updates
via U.S. Mail and the "Schedule of Fees and Charges", for
a list of fees and charges associated with Company deposit account(s). See
Remote Deposit Demo Video, or Click
here for an informative online brochure. Return
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Moneris Solutions® Credit card and Debit
card acceptance
Whatever your goals, The State Bank Group with
the support of Moneris can help you reach them
Giving your customers the option to pay their way is a great advantage
for your business. Not only does it help you increase your sales
volume and speed up your service, but it can also improve your cash
flow by depositing all transaction funds directly into your business
checking account with The State Bank Group.
Moneris Solutions is North America’s largest provider of
credit, debit and gift card payment services for merchants in virtually
every industry segment. Moneris brings your business superior ability
to help you capture every sales opportunity.
- Increase Sales
- Improve Cash Flow
- Increase Average Sales
- Improve Productivity
- Lower Costs
- Better Customer Service
- Enhance Business Image
Point-of-Sale Solutions
Moneris provides the hardware, software and systems
needed to manage point-of-sale (POS) transactions, allowing
The State Bank Group business customers to enjoy the benefits
of:
- A single point of contact for accepting major
credit card payments.
- All funds automatically deposited into your business
account with The State Bank Group
- Competitive credit and debit card rates
- 24/7/365 reliable service and support
- The latest Point-of-Sale card payment processing
technology, including high-speed, wireless and ecommerce processing
- Gift Card and loyalty programs
- A platform for growth
Ask your local new accounts representatives or commercial
lender for more details. Return to menu
Personal Financial Statement
Download
PDF. NOTE: Do not email this completed document
back to the bank unless you use encryption technology.
You may fax the completed personal financial statement to 815-728-1109
or mail it to:
State Bank
7526 Hancock Drive
Wonder Lake, IL 60097
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*NOTE: Overdraft fees may apply when there are insufficient
or unavailable funds and the account becomes overdrawn. The fee applies
to overdrafts "created by check, in-person withdrawal, ATM withdrawals,
or other electronic means." Overdraft/Negative Balance per
day fee is $5.00 per day beginning on the 6th day.
Important Notice Concerning Unlawful Internet
Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG Commercial
Account Notice. Read
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