We’re proud to offer our banking services to municipal governments, authorities, and school districts in the communities we serve. With a range of term options, we can help create a Government Loan that’s tailored to your needs. We also provide a suite of banking options that are perfectly matched for governmental needs.
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Business Loans and Lines of Credit Options
Tax and Revenue Anticipation Notes
Municipal Authority Loans
Capital Note Borrowings
Government Banking Options
Public Funds Checking accounts
Certificates of Deposit accounts
Government Savings accounts
Questions we get asked, frequently.
What are tax and revenue anticipation notes?
These are short-term, tax-exempt loans designed to cover current expenses. Tax and Revenue Anticipation Notes are meant to be repaid with future taxes.
What are capital note borrowings?
Capital Note Borrowings are tax-exempt loans for financing equipment, real estate, and other capital needs. They offer repayment terms up to 20 years.
What are municipal authority loans?
These loans are tax-exempt lines of credit and long-term loans that are created to meet the needs of municipal authorities.
What does a public funds checking account offer?
This account includes unlimited check writing ability, along with interest earnings and collateralization of public funds. Public Funds Checking accounts are ideal for governmental checking needs of all sizes.
What does a government savings account offer?
Government Savings accounts offer higher interest rates and collateralization, allowing municipal governments to take advantage of interest earnings for any excess funds.
What does a certificate of deposit account offer?
This is a fully collateralized savings account with terms that range from 90 days to five years. This allows government depositors to earn more thanks to a higher fixed interest rate over a term that meets your needs.
Looking for more information or the next step?
Get in touch with our Cash Management team by emailing cashmanagement@reliancebank.com or call 814-296-2350 to get the conversation started.