Contractors Retention Escrows

Let Community Bank help put your retention dollars to work for you in an interest-bearing Money Market Account. Our full service Contractor Retention Escrow Department specialists will assist you as you discover the benefits of partnering with Community Bank.

Interest-earning Escrow Accounts:

  • Very competitive interest rates
  • No fees
  • Retention payments are sent to Community Bank by the project owner and deposited into an interest-bearing money market account
  • Interest may be available as soon as it is earned
  • Subcontractors may be entitled to interest on their share of retention

Features Include:

  • Online request form
  • Management of the entire process from document preparation to the final release and disbursement of retention
  • Same day preparation and mailing of escrow documents
  • Speedy notification and reconcilement of retention deposits
  • Security of funds as demonstrated by Community Bank’s 4-Star rating from Bauer Financial
  • Knowledgeable industry experts
  • We bring the Bank to you by meeting you at your office or location of your choice

For ease and convenience, simply complete the online request form and fax to 626-568-2115. For more information or questions, please contact Brian Sinclair at 909-937-8516.

Community Bank is an active member of the following trade associations:

  • Associated General Contractors(AGC) of America
  • Construction Financial Management Association (CFMA)

We look forward to the opportunity of providing you with a superior client experience in opening your next Contractor Retention Escrow Account. Call today!