Skagit State Bancorp, Inc.

Description

Skagit State Bancorp, Inc. operates as the bank holding company for Skagit State Bank that provides banking and other services to individuals, professionals, and small to medium-sized businesses. The companys deposit products include checking accounts, savings accounts, money market accounts, and various types of certificates of deposit, as well as interest and non-interest bearing checking accounts. Its loan portfolio comprises secured and unsecured commercial loans primarily for commercial and industrial purposes to small and medium-sized businesses for various purposes, such as acquisition of fixed assets, purchases of equipment and machinery, financing of inventory and accounts receivable, and other business purposes. The company also offers commercial real estate loans for non-owner occupied commercial real estate, including office buildings, retail centers, multifamily, and warehouses; and real estate loans for the purchase of or refinance of, residential real estate, real estate used for agricultural purposes, and owner-occupied real estate. In addition, it provides real estate construction loans; and secured and unsecured consumer loans consisting of loans to individuals for various purposes, such as home equity loans, purchases of automobiles, mobile homes, boats and other recreational vehicles, home improvement loans, and loans for education and personal investments. Further, the company offers other commercial and consumer banking services, which comprise remote data capture, merchant card services, safe deposit services, debit and automated teller machine cards, on-line banking, mobile banking, credit card services, savings bonds, cashiers checks, travelers checks, notary services, and other services. The company operates through 1 main office in Burlington; and 12 branches located in Skagit, Snohomish, and Whatcom Counties. Skagit State Bancorp, Inc. was founded in 1958 and is headquartered in Burlington, Washington.

Tags:

Banking Finance Company, Commercial Banking Products and Services, Equity Bank, Consumer Banking Loans, Real Estate Banking, Credit Card Loans