Stearns Bank recently launched nonprofit banking solutions, a suite of customized banking services and financing options designed specifically to meet the needs of nonprofits. Additionally, to further its commitment and support of nonprofits, Stearns Bank will donate $1,000 to each nonprofit organization that maintains one or more active nonprofit banking solutions accounts for a full 12 months, with recurring donations following each active 12-month period.
“At Stearns Bank, we have extensive experience with nonprofits and a keen understanding of the vast diversity among nonprofits across the country; each has a distinctive mission and goal along with differing operational demands, varying capital capacity and financing needs, and evolving donation and revenue streams,” Kelly Skalicky, president and CEO of Stearns Bank, said “With a wholehearted commitment to answering the call of each nonprofit — large or small — and tailoring our banking services and financing options to meet the needs of our nonprofits on an individualized basis, Stearns Bank is putting our money where our mouth is. We’re thrilled to deliver a unique suite of banking services and financing options through our nonprofit banking solutions while also contributing an annual cash donation to support the work and mission of these customers.”
Stearns Bank’s nonprofit banking solutions will offer unique financing options, customized credit cards and high-yield interest-bearing deposit accounts, among other features. Stearns Bank’s nonprofit accounts also feature free unlimited mobile deposits, free checks, unlimited same-day and next-day ACH origination, free unlimited incoming wires, free outgoing wires (one fee wire per day) and free international wires (five free international wires per month). There are also no minimum balance requirements, no hidden fees, no maintenance fees and no inactivity fees.
