The Shiny Penny
A statement from Community State Bank President and CEO on the recent bank closures of Silicon Valley Bank (California) and Signature Bank (New York). Read More
Two No-Fee Options
Don’t you hate it when a bank nickels and dimes you for everything little thing you do?
Not at Community State Bank.
We created simple business checking accounts tailored to your organization’s unique needs, and each of them provides you with great benefits to grow your business. Don’t spend more money than you have to. Choose CSB.
Business Checking Account Comparison
| Business Checking | Business Checking with Interest | |
|---|---|---|
| Minimum Opening Balance | None | None |
| Minimum Balance | None | $25,000 |
| Maintenance Fee | None | None* |
| Interest Bearing | No | Yes (on balances of $25,000 or more) |
| Debit Card | Available | Available |
| Free Transactions (Debits/Credits) per Month | 5,000 | 5,000 |
| Free eStatements with Check Images | Yes | Yes |
* No monthly maintenance fee with qualifying balance. A $15 fee will be charged if the qualifying balance is not met.
Important Information About Opening a Legal Entity Account
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.
Each time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (names, address, date of birth, Social Security number as well as identification documents) for:
- Each individual that has beneficial ownership (25% or more); and,
- One individual that has significant managerial control, of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
We proudly support all efforts to protect and maintain the security of our customers and our country.