Our Loan Sweep service will make the most of your daily cash flow by putting cash assets to quick and productive use.

This service automates the movement of funds between a commercial checking account[cite::128::cite] and a commercial line of credit.[cite::129::cite] Excess funds help pay down outstanding loan balances.  Additionally, drawdowns are automatically made from available loan account balances when funding is needed to cover payments from your commercial checking account

The Loan Sweep service is an easy and convenient way to move funds to and from your commercial checking account and your line of credit.

Loan Sweeps

• Puts Idle Funds to Work.  Once you set a target balance with your Treasury Management Representative, the account process is fully automated. Your commercial checking account activity is posted before the sweep is processed.  Excess funds over the target balance you select will be swept to a linked commercial line of credit.  If your commercial checking account falls below the target balance, funds are automatically swept back into your commercial checking account to meet your daily cash needs and bring your account back up to its target balance.
• Minimizes Interest Expense.  This service automatically reduces loan balances and associated interest expense by sweeping excess funds from a commercial checking account to pay down outstanding principal balances on a loan.
• Helps Avoid Overdrafts. Whenever your commercial checking account falls below the established target balance, funds are automatically swept back into your commercial checking account to meet your daily cash needs. 
• Online Reporting. Our online banking platform provides timely and accurate information on your accounts allowing you to better manage your daily financial position.

Investment Loan Sweeps

Our Investment Loan Sweeps are the ultimate cash management tool for businesses that utilize a commercial line of credit for daily operations and desire an investment option[cite::127::cite] for excess funds.

This service automates the movement of funds between a commercial checking account, commercial line of credit and a short-term investment option. This arrangement provides a fully automated three-way sweep between the accounts.

Immediately capitalize on idle funds with the Investment Loan Sweep Service.

• Puts Idle Funds to Work. Once you set a target balance with your Treasury Management Representative, the account process is fully automated. Your commercial checking account activity is posted before the sweep is processed, so only the funds in excess of the target balance are transferred to a linked commercial line of credit. When the commercial line of credit is paid down, any excess funds will be swept into the investment sweep of your choice. 
• Helps Avoid Overdrafts. Whenever your commercial checking account falls below the established target balance, funds are automatically swept back into your commercial checking account to meet your daily cash needs.
• Streamlines Cash Management.  This sweep consolidates your funds and interest income, reducing the time and effort of determining the current position of your cash.
• Yield. The automated sweep investment service provides you the opportunity to earn competitive market rates on excess funds that might otherwise remain idle in your commercial checking account.
• Minimizes Interest Expense. This service automatically reduces loan balances and associated interest expense by sweeping excess funds from a commercial checking account to pay down outstanding principal balances on a loan.
• Investment Options. You may select from a variety of short-term investment products.
• Online Reporting. Our online banking platform provides timely and accurate information on your accounts allowing you to better manage your daily financial position.