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Malaga Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. |
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BUSINESS BANKING |
Why have a Business Banking Relationship with Malaga Bank?
Your business is unique, and you need a banker who understands your business and your financial structure. Our business bankers work with you to realize and achieve your business' financial goals. You'll have the peace of mind knowing that we are here to take the guess work out of business banking so you can get back to work.
Choose from a variety of Business Products and Services; from checking accounts to loans and lines of credit, our business bankers are accessible to answer your questions and meet your individual financial needs.
Business Checking Plus
For our sole proprietors only, this is a perfect checking account for today's small business. With its low, minimum deposit, minimal monthly balance requirements, and minimum transaction needs while still earning interest this account helps your money work for you.
Business Checking
This account is designed for corporations and partnerships who maintain a modest balance and moderate transaction activity.
Analyzed Business Checking
This account is designed for businesses maintaining larger balances and a higher volume of activity. Earnings credits for higher balances may offset service charges.
Community Service Checking
Especially for Organizations and non-profit corporations, this account offers a low minimum opening deposit and no monthly service charge.
| Account | Minimum Deposit | Minimum Balance Requirement | Monthly Service Charge | Accrues Interest | ATM Card | Debit Card | Online Banking |
|---|---|---|---|---|---|---|---|
| Business Checking Plus | $100 | $1000 | $101 | Y2 | N | Y | Y |
| Business Checking | $500 | $3,000 | $151 | N | N | Y3 | Y |
| Analyzed Business Checking | $500 | n/a | $20 | Analyzed | N | Y3 | Y |
| Community Service Checking | $100 | n/a | No | Y2 | N | Y3 | Y |
| Client Trust | $100 | $1,000 | $101 | Y2 | N | N | Y |
| Preferred Savings | $100 | $500 | $51 | Y2 | Y | N | Y |
| Cash Management | $25,000 | $10,000 | $151 | Y2 | Y | N | Y |
| Business Money Market | $1,000 | $10,000 | $101 | Y2 | Y | N | Y |
1Service charge applies when minimum balance requirement is not met.
2Interest rate based on account balance.
3Subject to Approval
Business Loans and Lines of Credit
Loan amounts from $10,000 to $500,000. Get started now,click here.
Business Revolving Lines of Credit
Used to support short term operating needs such as payroll, taxes, accounts payable and advertising. Also helpful in funding employee pension plan contributions. Lines of Credit can be accessed by check, telephone, or online transfers.
Business Term Loans
Help you grow and expand whether you're acquiring a business or building, making tenant improvements, or buying equipment or a car for your business.
Lease and Loan Consolidation
Helps manage business expenses more effectively.
Equity Lines of Credit
Allow you to access the equity in your income property or home.
Special Purpose Property Loans
Offered on Office Buildings, Professional Condos, and new Construction.
Income Property Loans
Whether on Apartments, Commercial Buildings or Light Industrial, these loans offer great financing, along with provisions for additional advances in the future - without making you incur the added cost of refinancing.
Deposit checks right from your office!
Contact a representative to get started today!
Back to TopJohn W. Turner
VP, Business Banking Manager
310-544-7800 x2059
Jenifer Gressett
Business Development Officer
310-544-7800 x2100