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Nonprofit Partner Donation Program
Summit State Bank is more than just your bank - we are your partner. We take serving our community very seriously, and are committed to making a difference, just as you are. We are actively involved in the charitable and community-based organizations that serve Sonoma County. We are a local community bank where you will find people who care deeply about the work you do, and we will work tirelessly to help you achieve your goals.
To help best serve your cause, we are pleased to offer our Nonprofit Partner Donation Program, a special deposit account program for 501(c)3 not-for-profit organizations to enhance your fundraising efforts. For these charitable organizations with Summit State Bank deposit accounts, we will make an annual contribution of 25 to 75 basis points, based on your average annual account balance prorated for the portion of the year the account is opened.Specifically, our commitment to community-based nonprofits provides:
- 75 basis points paid on your non-interest bearing deposit accounts. Analyzed business accounts are included. For example, a $100,000 average balance Summit account would receive a $750 annual contribution.
- 25 basis points paid on your Summit savings, money market and interest-bearing demand deposit accounts. For example, a $100,000 average balance Summit account would receive a $250 annual contribution.
- If you require full FDIC insurance coverage for deposits greater than the maximum FDIC insurance amount, we offer Insured Cash Sweep ( ICS ) accounts which receive 65 basis points if non-interest bearing or 15 basis points if interest bearing.
Your relationship with Summit State Bank will be more than just this annual guaranteed donation; we sponsor events, offer statement stuffer opportunities, and do our best to support your nonprofit all year long.
When you bank with Summit State Bank, you are gaining a partner who will stand with you to help you reach your goals. Together, we can help make Sonoma County a better place to live for all members of our community.
Experience how easy and rewarding it is when you bring your nonprofit deposit accounts to Summit State Bank.
Northern Sonoma County