Deposits & Services



Our Standard Business Checking is designed for larger companies with more sophisticated information 
needs and reporting requirements.

  • We calculate service charges on an analysis so that you are only charged for the services that you use each month
  • We recognize the worth of your account balances through the use of an earnings credit schedule
  • We charge fees only when balances donít offset the cost of services used
  • And, we can assist you in calculating the balances needed to cover the typical costs associated with your account


Our interest bearing Sole Proprietor Checking is for businesses that are owned as sole proprietorship or 
husband and wife partnerships.

  • Your interest earned will be calculated based on the average collected balance
  • You can avoid service charges by maintaining a minimum daily balance which is published in our
    current Business Fees brochure
  • This account allows up to 150 items per month

Items are described as checks, deposits, items within the deposit, automatic payments, etc.

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We designed the Small Business Checking for customers who have a relatively low volume of activity.

  • This account allows up to 150 items per month
  • You can avoid service chares by maintaining a minimum daily balance which is published in our
    current Business Fees brochure

Items are described as checks, deposits, items within the deposit, automatic payments, etc.

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Our Business Investment Money Market Account assists you in managing liquidity and return for your business.

  • Competitive tiered interest rates will be paid on your account
  • You can avoid service chargs by maintaining a minimum daily balance which is published in our
    current Business Fees brochure
  • This account provides you availability by allowing up to six withdrawals per month
  • There are no withdawal penalties as long as the account qualifies based on number of
    withdrawals and minimum balance
  • There is also an automatic sweep feature available


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A Business Savings Account is the choice for lower minimum balances for savings availability.

  • Interest is paid quarterly on the entire balance
  • You can avoid service charges by maintaining a minimum daily balance which is published in our
    current Business Fees brochure
  • Quarterly statements
  • Optional combined monthly statement with checking

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Health Savings Accounts (HSAs) are designed to benefit people with high-deductible health plans (HDHP).* They are a great way to save for health care expenses, with the added benefit of excellent tax savings and reduced health care costs.

The contributions are tax deductible and earnings grow on a tax-deferred basis, and if the funds are used for an eligible medical expense, the funds are tax-free. Funds roll over from year to year, and funds used after age 65 are able to be used tax-free for eligible medical expenses or at your normal tax rate for any other reason.

This account has many of the same benefits as the Medical Savings Account (MSA) but without the restrictions.

Advantages of HSAs:

  • Security - Your high deductible insurance and HSA protect you against high or unexpected medical bills.
  • Affordability - You should be able to lower your health insurance premiums by switching to health insurance coverage with a higher deductible.
  • Flexibility - You can use the funds in your account to pay for current medical expenses, including expenses that your insurance may not cover, or save the money in your account for future needs, such as:
    • Health insurance or medical expenses if unemployed
    • Medical expenses after retirement (before Medicare)
    • Out-of-pocket expenses when covered by Medicare
    • Long-term care expenses and insurance.
  • Control - You make all the decisions about:
    • How much money to put into the account**
    • Whether to save the account for future expenses or pay current medical expenses
    • Which medical expenses to pay from the account
    • Which financial institution/company will hold the account
    • Whether to invest any of the money in the account
    • Which investments to make
  • Probability - Accounts are completely portable, meaning you can keep your HSA even if you:
    • Change jobs
    • Change your medical coverage
    • Become unemployed
    • Move to another state
    • Change your marital status
  • Ownership - Funds remain in the account from year to year, just like an IRA. There are no "use it or lose it" rules for HSAs.
  • Tax Savings - An HSA provides you triple tax savings:
    • Tax deductions when you contribute to your account;
    • Tax-free earnings through investment; and,
    • Tax-free withdrawals for qualified medical expenses.

Need more information about Health Savings Accounts? The Department of Treasury's web site has additional information and Health Savings Accounts, including answers to frequently asked questions, related IRS forms and publications, and technical guidance. The Treasury's HSA web site can be found directly at the following address:

*For 2015, a high deductible health plan is defined as a plan with a minimum deductible of $1,300 for individuals or $2,600 for families.

**For 2015, you may contribute a maximum of $3,350 as an individual; $6,650 for a family with a $1,000 catch up provision if you are between the ages of 55-65. The total contribution limit if you are 55 or older and not enrolled in Medicare is $4,350 as an individual, $7,650 for a family.

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The perfect term to meet your individual needs from 3 months to 5 years.

  • Fixed interest rate paid on entire balance
  • $2,500 minimum opening balance
  • Automatically renewable for the same term
  • Balances may qualify you for checking with no monthly fee
  • Open your account online

Customized terms can be determined to fit your individual needs. Interest is paid quarterly. Penalty for early withdrawal. 

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A good alternative to writing and receiving paper checks is Automated Clearing House (ACH) transactions. The State Bank of Cross Plains can help you set up a system to originate such transactions and complete the electronic process through the Federal Reserve Bank system.

  • Commonly used for direct deposit of employee payroll and benefits
  • Direct payment to suppliers (often using recurring dollar amounts)

Almost all financial institutions in the United States are eligible to receive such transactions for their customersí accounts.

While you can create your own ACH file work, the bank can receive the data either by diskette or modem for entry into the ACH system. The fee for such services can be found in our current Business Fees brochure.

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Positive Pay is a fraud avoidance service that gives you complete control of check disbursements. All exception items are reported to you on a daily basis in order to identify any potentially fraudulent checks before final payment is made.

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  • Letters of Credit
  • Import/Export
  • Documentary Collections
  • Foreign cash Letters
  • Wires
  • Foreign Exchange
  • Drafts

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