Municipal Banking Services
Let us help you simplify your financial needs.
As a community bank, SMBT understands the importance and unique financial needs of municipalities, school systems, colleges, libraries, non-profits, health care systems, and hospitals. We have established products and services with enhanced features, attractive interest rates, reduced fees, and a dedicated municipal team who understands the needs of your organization.
Municipal Products and Services:
- Community Investment Checking Accounts - Earn interest on a transactional account and be FDIC insured.
- Money Market Accounts – Designed to maximize your earning potential.
- CDARS and ICS is available - Concerned about FDIC coverage? We’ve got you covered with tools to insure all your deposits. Visit our CDARS & ICS page for more information.
- Treasury Management Services – We offer a full suite of services from ACH, Remote Deposit Capture, Positive Pay, Bill Pay, Online Transfers, Wires, Stop Payments, Merchant Services, Online Statements, and much more.
Dedicated Municipal Banking Expertise:
SMBT has a dedicated Municipal Banking Officer with extensive experience in the field. As an Advanced Certified Public Funds Investment Manager (ACPFIM), our officer is well-versed in municipal finance and is actively engaged in key organizations, including:
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MACT – Michigan Association of County Treasurers
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MMTA – Michigan Municipal Treasurers Association
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MWIF – Michigan Women In Finance
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MGFOA – Michigan Government Finance Officers Association
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MSBO – Michigan School Business Officials
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MTA – Michigan Townships Association
Perks at Work Program:
Employees of municipalities and schools qualify for our Perks at Work program, which includes waived fees on Perks checking accounts, mortgage discounts, and higher savings rates—helping employees make the most of their finances with Southern Rewards.
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Mortgages - Up to $525 off closing costs for first mortgage refinances, purchases and construction loans.
Contact a Mortgage Lender for additional discounts. -
Consumer Loans - 0.25% discount on new secured loans (auto, boat, etc.), plus an additional 0.25% if payment is auto-debited from SMBT Checking Account.
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Money Market Account and CDs - 0.25% above posted rate, excludes promotional offers.
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Perks Checking Account - Free with payroll direct deposit. $50 minimum to open.
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Health Savings Account - $15 setup fee waived, plus an additional 0.25% above posted rate on interest.
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Free Wealth Management Consultation* - Comprehensive Planning, Investment Management, Trust Administration, and more!
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Checks - Free first order of basic checks. Free Cashier Checks.
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Safe Deposit Box - Free small safe deposit box (3x5) where available. 50% off larger boxes..
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