Commercial Banking Services

40 Years Servicing Local Businesses

Bank Where You're Known

Local Merchant uses Commercial Banking Services from the State Bank GroupState Bank Group LogoThe 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. 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

  • Payroll Direct Deposit
  • Tax Payments
  • Corporate Transfers
  • Municipal Payment Services
  • School Program Fee Collection – “E-Funds For Schools”
  • Not For Profit Donation Collection – “Simply Said …..Thank You”
  • Credit/Debit Card Acceptance
  • Consumer Initiated Web Payments
  • Cost Savings - Fewer 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.
  • Employees 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.

Call today to learn more about these business solutions.

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.

Business Online and Mobile Banking

  • Online Account Review of Real-time Activity
  • Online Statement History
  • Transfers
  • Bill Pay
  • Approvals

Business Loans

  • Investor Residential Real Estate Loans
  • Commercial Mortgage Loan
  • Term Loans
  • Lines of Credit
  • Letters of Credit

Commercial Checking

A State Bank Group Banking LogoFeatures: Minimum balance $1. Minimum opening balance $100. Monthly imaged statement, Unlimited check writing. Account Charges: Monthly maintenance service fee $7. 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.   Insufficient funds charge (paid) or insufficient funds charge (returned) $35 per item.  Earnings credit is variable and subject to change at any time at our sole discretion, no limitations and is applied to the monthly average collected balance to offset charges.

Contact a Universal Banker by dialing 815.728.8000 to discuss your options.

Merchant Services

A State Bank Group Banking LogoFeatures: We offer a full line of fast and convenient payment-processing services and can help you with an individualized solution for your specific business type. Next-day funding will accelerate your cash flow while our competitive rates will reduce your expenses. Whether your business needs are traditional or you are looking for more modern payment technology, The State Bank Group can customize your service to meet your individual needs.

Contact a Universal Banker by dialing 815.728.8000 to discuss your options.

Remote Deposit

A State Bank Group Banking LogoFeatures: Remote Deposit Capture service allows qualified business customers to make deposits electronically without ever leaving the office. The "RDC" service utilizes a check scanner, your PC and internet. You can make deposits when it's most convenient for you including evenings, weekends or holidays electronically without ever leaving the office.

Contact a Universal Banker by dialing 815.728.8000 to discuss your options.

Personal Financial Statement

Download Personal Financial Statement (PDF)

A State Bank Group Banking ServiceNOTE: 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

NOTE: Insufficient funds charges may apply when there are insufficient or unavailable funds and the account becomes overdrawn. The bank uses real-time processing, which means transactions are posted as the bank receives them. Multiple insufficient funds fees may be imposed if at any time during the day, an account has insufficient funds, even though the final balance at the end of the day may be positive. The fee applies to insufficient funds charges created by check, in person withdrawal, or other electronic means. You will not be charged for point-of-sale transactions or ATM transactions that result in your account becoming overdrawn.

Important Notice Concerning Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG Commercial Account Notice

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