Letters of Credit - Country Bank- Made To Make A Difference

LETTER OF CREDIT

Country-Bank-man-and-woman-having-a-conversation-about-land-loans
Country-Bank-man-shaking-hands-in-business-deal

WHAT IS A LETTER OF CREDIT?

A Letter of Credit is a type of legal agreement that creates a guarantee of payment and is often required by municipalities with financial or performance obligations. For instance, for major buildout, infrastructure, or renovation projects.

Contact us today to see how we can assist you with this assurance with your next project.

CONTACT US

EMPOWER YOUR FUTURE

COMMERCIAL BANKING RESOURCES

As a business owner, it’s crucial to manage your finances wisely to ensure growth and stability. From budgeting effectively to investing in the right areas, every decision counts. Take advantage of these tools and tips to secure your business’s future.

2026 Economic Outlook: Stability, Strength and Smart Growth Ahead!

Contributor: Tom Wolcott, Chief Lending Officer For nearly two centuries, Country Bank has stood beside the businesses and families that […]
Read More

Country Bank Promotes Senior Leaders in Commercial Banking

Country Bank is proud to announce several strategic promotions within its Commercial Banking Division, reinforcing the Bank’s commitment to supporting […]
Read More

Business Spotlight: Ludlow Tennis Club – Building Community Through Sport with Country Bank by Their Side

Nestled in the heart of Ludlow, Massachusetts, Ludlow Tennis Club has been a cornerstone of racquet sports and community engagement since 1989. As […]
Read More

FINDING YOUR SOLUTION

COMMERCIAL LETTER OF CREDIT FAQs

Are my business accounts insured?

Every deposit account at Country Bank is insured in full. In addition to Federal Deposit Insurance Corporation (FDIC) insurance, Country Bank offers Depositors Insurance Fund (DIF) protection.

  • The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
  • All deposits above the FDIC limits are insured in full by the DIF
  • The combination of FDIC and DIF insurance provides customers of Massachusetts-chartered savings banks with full deposit insurance on all of their deposit accounts

HOW CAN WE HELP YOU

CUSTOMER SERVICE

Location pin icon

Locations

Experience the difference of exceptional service when you stop by a local banking center.

FIND LOCATIONS
Icon of a woman with a question mark inside a chat bubble.

FAQs

Elevate your understanding with answers to our most common questions.

GET ANSWERS

BUSINESS BANKING SIMPLIFIED

MOBILE BANKING

Icon of a user profile on a computer

Monitor Your Accounts

Review account balances and transactions for your business checking and business money market accounts.

Icon of a coin with a dollar sign representing youth accounts.

Deposit Checks

Easily deposit your business’s checks from your smartphone 24/7.

Calculator icon

Pay Bills

Manage your bills monthly or set recurring payments to stay on top of your business finances.