Temporary Liquidity
Guarantee Program
Beginning July 1, 2010, the Bank of Salem will no longer participate in the FDIC's Transaction Account Guarantee Program. Thus, after June 30, 2010, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general deposit insurance rule.
Commercial LoansOver the years, The Bank of Salem has helped many area businesses by providing the needed funding to start a new venture or expand an existing one. Perhaps you need to invest in new technologies to improve efficiencies and increase profits, or you're looking to purchase an existing business. You may need to purchase additional inventory to meet sales expectations, or simply need additional equipment in order to meet demand. Our experienced banking professionals can help you develop a sound plan for funding your capital needs. • Fixed Assets
• Purchase of Existing Business
• New Business Start-Up
• Inventory
• Equipment and Machinery
• Lines of Credit
• Working Capital
Please call one of the following loan officers at 573-729-3137 for more information:
Commercial Loans
