Lending
Steps after receiving a SBL package.
Send up to APM complete or uncomplete.
Enter the package to Reg B tracker.
When does an employee’s cash need to be counted for unplanned absences?
On 3rd day of absence
What is a stock.
This is the type of investment where you own a small piece of a company.
Whats the highest average Deposit rate for mechanics bank appetite.
for a rate exception
3.5%-4%
This business partner, which now has four advisors, will provide investment advice to clients who wish to invest less than $1M and/or to those investors would find value in working in-person with a local advisor.
Mechanics Bank Investment Services (MIS)
Does aggregate exposure matter for a BBG referral?
yes if they come by and exposure is over $250,000 it is considered a BBG referral.
Name the Yearly BCP Branch Table Top Exercises
Robbery, Back Counter Outage, Network Outage.
How many employees does a company need to have to be referred to Paychex?
1
4.25%
What is the Fed Fund Rate as of today?
How many clover options are there ?
10
Can any branch submit a commercial real estate under $250,000?
No any real estate amount goes to BBG.
What is the naming standard in order for uploading Hold to SharePoint?
Account #, Customer Name, Dollar Amount of Check
How much is the referral bonus for a sold Paychex Deal?
$75.00
What is MB targeted cost of funds?
1.08%
What is the retention period for Cash Shipment Documentation?
6 Months
Automobile Dealers, Lessors of Real Estate, Employment Services, and Dry Cleaning Services.
What are businesses excluded from Small Business Banking?
By what day of the month do Branch Certifications need to be uploaded to SharePoint?
10th of the following month
Does Clover offer QR codes true or false?
True
How do you quote a rate for 8 month Cd opening with $50k
Rate 2.5%
The Annual Percentage Yield on 8 month CD Account with a balance of $50,000, as of Today is 2.50%
Name Mechanics Bank's Consumer/Personal lending options
PRA, Lift Loan, Personal LOC, Mortgage, HELOC, Credit Card
What are the requirements for SBL applications from $150k to $250K?
Business lending application, PFS, BDS, Borrower's Summary
One year of business tax returns
One year of personal tax returns
What do you need to do with the Record of Cash Differences when an employee transfers to another branch
Forward the Record of Cash Differences to the new branch.
How much do Banker get for selling a Business Credit card with a balance transfer.
$125
Name our current COD Promotions and its requirements
60 day COD - 3.75% APY
7-9 month COD - 4.0% APY
10-12 month COD - 3.85%
Minimum opening balance $25K
What form needs must be filled out and signed by a business customer who wants to retain their account open but is a victim of fraud.
The form is “Continued Account Maintenance Agreement”