Clearing / Cash Management Program
Our Clearing/Cash Management Program saves community financial institutions time and money by offering reduced service charges and an automatic end of day sweep of excess balances to our Federal Funds program.  TBBConnect, our secure and dependable electronic communications network, puts account information and transaction processing at your fingertips.  These time and money saving features, when combined with exceptional customer service, result in a top-of-the-line Clearing/Cash Management Program.

Sweep Account
Our sweep account allows your financial institution to consolidate remaining daily balances ensuring that every excess dollar is invested at a competitive Fed Funds rate.  There is no burden of daily settlement decisions since Silverton Bank continuously monitors your account(s) and invests available funds.  On a daily basis, after all debits and credits are settled, remaining funds are invested overnight in our Fed Funds program in increments of $1,000.  Funds are re-credited the following morning to be used for daily transactions. While other correspondents, including the Federal Reserve Bank, hold a 10% reserve requirement on collected balances, Silverton Bank requires only 3%.  This can make a significant difference in the amount of dollars available for earnings credit or for Fed Funds investment.

Federal Fund Investments
Silverton Bank offers two flexible Fed Funds investment options – the Principal and Agent programs.  Our Agent program is designed to provide a mechanism to help community banks diversify excess funds without maintaining numerous Fed Funds accounts at various correspondent institutions.  This program will help your financial institution avoid a concentration of assets, as well as meet the requirements set forth in Regulation F – Interbank Liabilities.  You may select those banks that meet your financial institution’s criteria from our approved list of upstream purchasers.  Updates are provided on a quarterly basis, containing financial information on each upstream bank.  When participating in the Principal program, your bank's excess funds are sold to Silverton Bank.  With either program, reconcilements, wire fees and maintenance fees associated with additional Fed Funds accounts are eliminated, saving both time and money.

Account Relationship Managers
Each clearing customer is assigned an Account Relationship Manager to monitor accounts and serve as a point of contact.  Our Account Relationship Managers are committed to offering superior customer service and are available from 8:00 AM until 8:00 PM (Eastern Time). 








Silverton Bank, N.A. is a national banking association primarily regulated by the Office of the Comptroller of the Currency. Deposit accounts are Federal Deposit Insurance Company (FDIC) insured. 

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