As a commercial bank, CNB offers the following competitive products:
- Low Cost Deposits: CNB offer depository products tailored to the needs of low
income communities. They include IDA, ETA, and low fee checking accounts for senior citizen and a
lifeline checking account for all customers. CNB opens checking and savings account with a minimum
deposit of $25.00.
- SBA Lending: More than 75% of CNB’s small
business loans are to minority and women owned businesses.
- Lines of
Credit: CNB formed a syndicate with 65 of the country’s largest minority and women-owned
banks. This substantially increases CNB’s lending capacity without increasing risk and gives the
bank a small-bank and large-bank flexibility. By bringing many banks into the process, CNB has
broadened the range of resources and provided an institutional and geographic diversity that is
extremely attractive to corporate clients.
- Certificates of Deposit (CD):
Clients have a choice of placing their CDs with a syndicate of minority and women-owned banks or
let CNB make the choice for them. CNB’s staff will then perform all of the administrative
responsibilities involved with placement. This program offers clients the unique advantage of
building diversity into their investment strategy.