At Bank Midwest, we understand the unique nature and distinct financial cycle of community associations and believe local relationships and expertise are essential. We work with property managers and association boards to customize our suite of solutions to meet the needs of your community or association.
Deposit and Treasury Management Services
We offer a robust set of deposit solutions to help you manage your cash flow and simplify the collection of funds. These treasury management services include:
- ACH and lockbox services
- Remote check deposit
- Merchant services
- Fraud protection solutions
- Online banking
- Checking and money market accounts
Lending Solutions
Many properties require some type of financing at one time or another, and our bankers provide personalized service to help you complete your project with competitive rates and flexible payment terms.
Association loans are a helpful way of spreading out the payments associated with large special assessments and offer a way to avoid depleting reserve funds. We work with many homeowners associations, condominium/townhome associations and resort/vacation properties.
We offer term loans, construction loans and lines of credit to accommodate needs for property improvement, common area repairs and more:
- Roadway resurfacing
- Roof replacement
- Mechanical system upgrades
- Siding/windows
- Fencing
- Plumbing, air conditioning or boilers
- Waterproofing
- Expansion of recreational facilities (i.e., pool, clubhouse, fitness center, playground)
- Refinance existing loans