Letters of Credit
Types of Letters of Credit We Offer
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Confirming
A Confirming Letter of Credit – sometimes called a "wrap" – can help secure improved credit terms for community-focused bonds, enhancing the bond’s credit rating, reducing borrowing costs, and improving marketability.
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Public Unit Deposits (PUD)
Members can use a Standby Letter of Credit to collateralize Public Unit Deposits (PUDs) that exceed the level covered by FDIC. It's a great alternative to pledging securities.
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Standby
A Standby Letter of Credit functions as an independent guaranty of a member’s obligation, which can help increase borrowing capabilities.
Articles
View AllWin Business and Generate Income with Letters of Credit
In today’s environment of persistent net interest margin pressures and intense competition for lending business, community bankers need an ever-growing arsenal of tools to achieve their growth and profitability targets.