Treasury Management

EFFECTIVE CASH MANAGEMENT IS A KEY ELEMENT OF ANY SUCCESSFUL BUSINESS

Today, companies of all sizes look to the State Bank of Cross Plains for time-saving, financial tools that enhance their bottom line. We provide a broad array of Treasury Management Services to meet your specific financial needs. Whether it's deposits, loans, or wealth management needs, our team of professionals work together to offer you a Total Business Solution.

Deposit Account Solutions - We’ll help you streamline and manage your cash 
balances to help you maximize earnings potential and minimize costs.

STANDARD BUSINESS CHECKING

  • 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 and we charge fees only when balances don’t offset the cost of services used. Our professional can assist you in calculating the balances needed to cover the typical costs associated with your account.

SOLE PROPRIETOR CHECKING

  • Our interest bearing Sole Proprietor Checking is for businesses that are owned as sole proprietorship or husband and wife partnerships. Interest earned is calculated based on the average collected balance.

SMALL BUSINESS CHECKING

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

BUSINESS INVESTMENT MONEY MARKET

  • Our Business Investment Money Market Account assists you in managing liquidity and return for your business. We offer Competitive tiered interest rates and automatic sweep features are available. 

BUSINESS SAVINGS ACCOUNT

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

CERTIFICATE OF DEPOSIT

  • Competitive rates and customized terms to fit your business needs from 91 days to 5 years.

 

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Receivables (Collections) - State Bank can provide you with a variety of products 
to help control your cash flow and manage your accounts.

ACH ORIGINATION

  • Automated Clearing House (ACH) transactions move electronic transfers between member banks,
    companies, individuals or even directly to your business account automatically. Collect payments electronically from your customers by automatically debiting the amount owed from them. Settlement can be within 1-2 business days. ACH services can streamline payments and reduce transaction costs.

REMOTE DEPOSIT CAPTURE (eCourier)

  • Make your deposits electronically from your office by simply scanning your checks and submitting your deposit online. Save time and money by not leaving the office or paying for a courier. Web - based application requires no additional software and our scanner installation is quick and easy.

LOCKBOX PROCESSING

  • If your company receives numerous customer payments, processing those payments and
    updating customer accounts can be a labor-intensive process. When you establish a lockbox with State Bank, your customer payments will be sent to a central lockbox where they are deposited and credited the same day received. Streamline collections by eliminating the need to prepare deposits and take them to the bank.

MERCHANT SERVICES

  • Many businesses depend on credit and debit card purchases to keep cash flow strong. The State Bank of Cross Plains offers specialized staff and the latest in technology to assist you in this area. Discount fees are negotiated based on volume and processes employed by the merchant.

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Disbursement Solutions

WIRE TRANSFER PROCESSING

  • State Bank will initiate and receive wire transfers for your business. Transfer funds anywhere in the United States for same day availability. International wire transfers also available.

ACH PAYROLL / DIRECT DEPOSIT

  • Automatically credit your employee(s) payroll, commissions or other electronic payments to a
    checking or savings account at any financial institution. You will save resources and reduce business costs by not having to write and reconcile checks. Employees can receive their paychecks in a timely manner regardless if they are in the office or not.

LOAN SWEEP ACCOUNTS

  • With a State Bank Sweep account, there is no need to manually transfer funds to other State Bank accounts. All excess funds in this deposit account can be automatically applied to a line of credit to reduce principal.

BUSINESS BILL PAY

  • Pay your bills without the hassle of stamps and envelopes. With the eCorp bill payment service,
    you can pay your bills directly online at any time of day or night. Not only do you save time writing checks each month, but you also save money.

BUSINESS DEBIT CARD

  • Our Business Debit Card gives you the power to limit and control access by allowing each card to
    list the business name and your employee's individual name. This allows your employees to choose
    their own PIN numbers so that you can follow the transactions. If a card is lost or stolen, only one replacement is needed.This convenience allows your employees the opportunity to make day to day purchases for your business so that you can continue to run efficiently. Purchases will be deducted from your checking account as they are made.


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Funds Management - Ensure your daily cash decisions are sound so your money is working as hard as you are.

ZERO BALANCE ACCOUNTS

  • Put your money to use by using Zero balance accounts. This account can put your dollars where they will do their best, in an investment account or towards a loan.

FUNDS MANAGEMENT SWEEP

  • Set your own criteria on minimum/maximum balances you want maintained in your deposit
    account. Funds can be swept automatically to/from investment accounts and/or loan accounts to maximize use of your dollars. Whether its to reduce service charges, increase interest income or reduce loan interest expense, this can be tailored to meet your needs.

LINES OF CREDIT

  • State Bank offers flexible terms and rates to meet all your business needs.

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Card Services - A local alternative to your Credit and Debit card needs.

MERCHANT SERVICES

  • Many businesses depend on credit and debit card purchases to keep cash flow strong. The State
    Bank of Cross Plains offers specialized staff and the latest in technology to assist you with Merchant Services. Discount fees are negotiated based on volume and processes employed by the merchant.

BUSINESS DEBIT CARD

  • Our Business Debit Card gives you the power to limit and control access by allowing each card to
    list the business name and your employee's individual name. This allows your employees to choose their own PIN numbers so that you can follow the transactions. If a card is lost or stolen, only one replacement is needed. This convenience allows your employees the opportunity to make day to day purchases for your business so that you can continue to run efficiently. Purchases will be deducted from your checking account as they are made.

BUSINESS CREDIT CARD

  • With outstanding benefits, such as a ScoreCard Bonus Point Rewards Program, the
    State Bank of Cross Plains' Visa Business Credit Card is clearly the card of choice for your
    business. Now you can enjoy all the features that have made Visa the card preferred by millions - and get the information you need to control your company's expenses.

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Electronic Services - The information you need to show important balance and 
transaction information.

eCORP ONLINE BANKING

  • To assist in managing your company's cash effectively, the State Bank of Cross Plains offers our
    eCorpsuite of products. By utilizing eCorp, you have full-service access to your State Bank of
    Cross Plains' business accounts via the Internet.
  • Cash managers can look up detailed data regarding an account's current and anticipated cash
    position, including balances, holds, presentments and transactions. You have the ability to initiate
    transfers between accounts, generate ACH transfers, make loan payments, make wire transfers
    and stop payments - all with the click of a mouse from your own office!

BUSINESS BILL PAY

  • Pay your bills without the hassle of stamps and envelopes. With the eCorp bill payment service,
    you can pay your bills directly online at any time of day or night. Not only do you save time writing checks each month, but you also save money.

ELECTRONIC STATEMENTS

  • Receive statements electronically through our eCorp Online banking. No need to wait for the mail
    to deliver before reviewing activity. Reduce fraud with no paper statements sitting around on
    desks with account information. You can also link to see your check images online.

ACCOUNT RECONCILIATION

  • Download monthly transactions for import into your accounting software programs. Saves time
    monthly reconciling your checking account. A variety of file formats are available for exporting the data through eCorp online banking.

STOP PAYMENT

Stop Payment requests can be made by calling Account Services department or through eCorp!

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Fraud Control - Protect your accounts and reduce your risk.

eCORP ONLINE BANKING

    • eCorp offers complete privacy, controlled through client and employee identification codes and passwords. This ensures only authorized access to your company's accounts. Security access can be limited by account and also by specific process type, such as fund transfers, stop payments or viewing specific account information only. Security of your financial information on the Internet has been our highest concern. We have put procedures and extensive hardware systems in place to assure that your information is secure. We believe that we have put in place the best security possible for eCorp and would not offer you this service otherwise.

ACH BLOCK/FILTERS

    • Protect your account from electronic fraud. State Bank’s ACH block allows you to deny all
      electronic payments from posting to your account. ACH filter allows you to authorize only
      specific pre-authorized entries to post to your account.

POSITIVE PAY

    • Positive Pay is a fraud avoidance service that gives you complete control of check
      disbursements.You report checks issued from your account to us as checks are produced. Items posting to your account are matched to the information submitted. 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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Investment Management* - Sound investment advice for your entire business.

CORPORATE CASH MANAGEMENT

Our Wealth Management Division can assist with your short-term cash management needs. If your company maintains substantial cash balances, our Cash Management Account can help you earn more interest.

  • Allows you to invest into higher yielding money market investments.
  • Available investments include ultra-short bond funds, Certificates of Deposit, and United States Treasury securities.

 

EMPLOYEE RETIREMENT PLANS

Providing your employees with a benefits package is important in today's competitive employment 
market. We recognize that you want to attract, retain, and motivate your employees. that is why we offer many different types of retirement plans.

401(k) PLANS

One of the most popular retirement vehicles for businesses that offers employees benefits such as:

  • Your employees save through elective deferral contribitions
  • Deferral contribitions may be pre-tax or after-tax (Roth)
  • Your company may make discretionary matching and/or profit-sharing contributions
  • Available investments include mutual funds, individual stocks and bonds, Certificates of Deposit, and Exchange Traded Funds (ETFs)
  • Employees may access their vested balances via loan and/or hardship elections

SIMPLE IRA

These plans are tax-deferred:

  • For employers with 100 or fewer eligible employees
  • For employers with no other retirement plan
  • Allows for employee and employer contributions
  • Fewer administrative requirements than with qualified plans
  • 100% immediate vesting
  • Available investments include mutual funds, individual stocks and bonds, Certificates of Deposit, and Exchange Traded Funds (ETFs)

SEP IRA

An ideal retirement program for self-employed people or small business owners due to high annual contributions limits and minimal administration. 

    • Only employer contributions are permissible
    • Annual contributions are discretionary and tax-deductible to the employer
    • 100% immediate vesting
    • Earnings grow tax-deferred until withdrawn
    • Fewer administrative requirements than qualified plans
    • Available investments include mutual funds, individual stocks and bonds, Certificates of Deposit, and Exchange Traded Funds (ETFs)

PROFIT SHARING PLANS

A defined contribution plan that:

    • Frovides employer with discretion over profit sharing contributions
    • May be combined with a 401(k) plan
    • Profit-sharing contributions and plan expenses are tax deductible to the employer

DEFINED BENEFIT PLANS

Pays a fixed, pre-established benefit to retired employees who who meet certain requirements such as:

    • Tenure (years served) with the company
    • Salary level
    • Other factors determined by the plan, such as age

MONEY PURCHASE PENSION PLANS

Your company makes fixed annual contributions to each participating employee's individual account. 

    • Mandatory nature of contributions makes this type of plan most appropriate for companies with strong and consistent earnings where assured contributions are desirable
    • Employer defines eligibility
    • Contributions usually based on a percentage of employees' income

NONQUALIFIED PLANS

Targeted to meet the specific needs of executives and other select employees.

    • Often used to provide additional compensation to key employees
    • May supplement qualified retirement plans for higher paid employees

 Contact a member of our Wealth Management Division for more information.

*Investment products:
Not all investment products are FDIC insured; Non-Deposit Investment Products (NDIPs) are not a 
deposit or other obligations of, or-guaranteed by, State Bank of Cross Plains; Non-Deposit Investment 
Products (NDIPs) are subject to investment risk, including possible loss of principal amount invested.

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