Local bank service. Big Bank solutions.

Meeting the banking needs of municipalities, government entities and institutions takes industry experience and innovative products and services, coupled with a personal approach to customer service. Our dedicated Institutional Banking Team has over 25 years of direct experience helping local governments, school and fire districts, and colleges and universities. This is why we are the choice of so many institutions.

We offer a wide variety of checking and savings products to fit the specific needs of your institution.

Institutional Checking

For municipalities and institutional organizations with higher transaction activity and will benefit from Cash Management Solutions.

Organizations can choose between an interest bearing or earnings credit account.

  • Competitive earnings credit or interest rate
  • Account Analysis available monthly, quarterly, semi-annually or annually
  • Comprehensive Cash Management Solutions
  • Access to PeoplesOnline Cash Management
  • Fraud Protection Services through Positive Pay services and account alerts

Investment Account

For customers with excess balances, funds can be swept into an Institutional Investment Account.*

  • Automatic investing
  • Competitive interest rates

Money Market Account

  • Competitive interest rates
  • Check writing capability

Certificate of Deposit (CD)

  • Competitive interest rates
  • Customizable terms to meet your needs
 

To learn more about Institutional Solutions, contact Jennifer Yergeau.

Additional Services

Check & ACH Positive Pay

Prevent unauthorized transactions from posting to your account.

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Check
laptop on desk

Business eDepositPlus & Lock Box

With Business eDepositPlus, you can capture checks and payment information from your office and then transmit the check images electronically for posting. Businesses that receive a high volume of checks can use our Lock Box option to send payments directly to the bank.

Business Deposit Solutions

Cash Management Solutions

With a long history of outstanding, reliable and accurate reporting, we have a deep understanding of the market. Our proven capabilities in cash management ensure your ability to make regular, predictable payments with ease. Moreover, we'll search for ways to save money by finding the best way to procure needed assets and manage funds.

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Escrow Reporting

Escrow Reporting

For customers looking for convenient and organized reporting on scholarships, trust funds and performance bonds.

  • Monthly reporting
  • Competitive rates

EDI Reporting

For customers looking for an easy way to record State Aid and government payments.

  • Notifications of incoming funds
  • Flexible formats
EDI Reporting
City Hall

Institutional Financing

PeoplesBank has the knowledge and ability to meet your institutions short- and long-term financing needs. We offer the financing tools for the following tax-exempt loans:

  • Bond Anticipation Notes (BAN’s)
  • Revenue Anticipation Notes (RAN’s)
  • Tax Anticipations Notes (TAN’s)
  • Bond Financing 
  • Serial loans for equipment 

Legal Information & Disclosures

* The Institutional Investment Account is not a deposit of, guaranteed or an obligation of the bank, is not insured by the FDIC or any federal government agency or other type of deposit insurance, and may be subject to risk and loss of principal.