The Bank’s business profile is a combination of a traditional thrift institution, a retail bank, and a commercial bank. The basic products and services to be offered through the bank or its subsidiaries, include, but are not limited to:
Loan Products
- Residential first and second mortgage loans
- Investment property first and second mortgage loans
- Commercial real estate loans
- Home Equity lines of credit
- Rural Development loans
- Direct auto loans
- Motorhome loans
- Boat, motorcycle, snowmobile, and side-by-side loans
- Unsecured consumer loans
- Commercial and industrial (C&I) loans
- Small Business Administration (SBA) loans
- Insured second mortgage loans
- Agricultural loans (including operating lines of credit, livestock, equipment, and farm real estate loans)
- ATV and trailer loans
Deposit Products
- Savings accounts
- Money Market Deposit Accounts (MMDAs)
- Personal checking accounts
- Small business checking accounts
- Certificates of deposit
- IRA and SEP accounts
- Debit Cards
- Commercial checking accounts
Non-Traditional (Uninsured) Products and Services
- Annuities
- Mutual Funds
- Investments (stocks and bonds)
- Long term care insurance
- Term life insurance
Other Products and Services of Sterling Federal Bank
- Signature guarantees
- Safe deposit boxes
- 24-hour automated teller machines
- VRU Telephone Banking
- Four Seasons Club
- Direct deposit service
- Wire transfer service
- ACH Origination
- Merchant services (by referral)
- Merchant remote deposit capture
- Notary service
- Credit cards (by referral)
- Prepaid gift cards and travel cards
- Positive Pay
- Online account opening
- Online banking (consumer and business)
- Mobile banking
- Mobile deposit capture
- Bill pay
- Person-to-person payments
- Account-to-account payments
- eStatements
- Sweep overdraft protection
- Business account sweeps
