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
- 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!