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The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.

Business Solutions

Business Loans | Business Deposits | Business Money Market Accounts | Business Checking

Business Loans

Midcoast Community Bank has a wide range of commercial loan products for all your business financing needs.  Whether you are a large corporate enterprise, mid-sized business, or just starting out as an entrepreneur, the business lenders at MidCoast can structure a financing package tailored for your specific needs.

Listed below are just some of the financing options available to our business customers:

Lines of Credit
       Working capital
       Seasonal lines
       Inventory/receivables support

Revolving Credit
       Capital purchases
       Equipment financing
       Construction revolvers

Term Loans
        Automobile financing
        Equipment financing
        Business expansion

Commercial Mortgages
         Property acquisition
         Mini and long-term permanent financing
         Interim financing

Commercial Construction Loans
         Property fit-out and expansion  
         New construction
         Tract Housing
         Property renovations 

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Each of our business lenders are all local, experienced professionals prepared to offer a competitive loan package quickly, so you can focus on growing your business rather than waiting for an approval.

Call today to discuss your request with a MidCoast Community Bank commercial lender:

Mike Lumia, SVP Business Lending
Office: 302-250-4295
Cell: 302-650-7079

Bill Lattanzio, SVP Business Lending 
Cell:  484-883-1292

Bill Lang, Vice President Business Lending 
Office: 302-250-4502
Cell: 302-740-6527

Kathy Lawson, Vice President Business Lending 
Cell: 302-270-3605

Bob Dunn, Vice President Business Lending
Office: 302-778-9972
Cell: 302-650-7139

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Business Checking

$100 to open
No monthly fee (with $500 average minimum balance*)
Free Business Online Banking
Free Online Bill Pay
Free Business Visa Debit Card
Free First Order of Checks ($168 maximum)
Free unlimited MidCoast ATM transactions **
No transaction fees
Remote Deposit Capture ***
Merchant Services
Monthly Imaged Statements

*$15.00 monthly fee for average minimum balance of less than $500.00
** Free ATM transactions are limited to transactions processed at ATM’s owned by MidCoast Community Bank
***Approval required for Remote Deposit Capture
Visa is a registered trademark of Visa U.S.A.

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Business Deposits Rates

Interest is compounded daily and credited monthly on all accounts
Certificate of Deposit accounts have early withdrawal penalties
Minimum to Obtain APY on all accounts is $.01
APY may change at any time
For current rate information click here or please call our Kirkwood branch at 302-250-4344
or our Dover branch at 302-724-4833

Business Money Market Accounts

Interest Compounded Daily
Credited Monthly
Variable Rate
ATM Card
Monthly Imaged Statements

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