We would like to remind our members that TowneBank will be closed on Monday, May 28th, in observance of Memorial Day. Thank you for choosing TowneBank!
With fluctuations in monthly cash flow, many companies accumulate substantial balances. Don’t let those funds sit idle, instead put extra funds to use through a Sweep account, a Line of Credit Sweep Account or a combination of the two.
Here’s how it works:
*The Sweep repurchase agreement is an interest in TowneBank’s U.S. government and agency bond portfolio. Funds are not FDIC insured, not guaranteed by TowneBank; may go down in value.
Normal credit approval criteria apply.
