Text Size:A A A

Sweep/Repurchase Agreement

Earn interest on your business deposits.

The Bank’s Sweep Manager Program helps you manage your money and includes a daily review of the balance in a designated business account. Should the balance exceed a target balance, the State Bank, acting as the customer’s agent and on behalf of the customer, will transfer funds out of the bank account and into a repurchase/repo account. Should the account balance fall below the target balance amount, The Bank, again acting as the customer’s agent, will trigger repayment of certain repo amounts and placement of those funds back into the bank account.

Funds in the designated bank account will not earn interest. Amounts swept away from the bank account into the repo account will earn interest at rates determined daily by the State Bank. Retail Repurchase agreements are not deposits of the State Bank, and not insured by the Federal Deposit Insurance Corporation (FDIC) or guaranteed by any other Federal Government Agency.

When your business needs a sweep account, contact us today. Sound advice. Smart money.

Order your Unique-2-U!™
Debit Card Today!




Switching to State Bank is Easy!

» Learn How

Wealth Management Services

Our local, expert staff provides custody, trust and investment management with the highest quality service. Expect first-class in all that we do.

» Learn More

"We’ll help you get home."

At The Bank, our mortgage
experts will find the loan that
is just right for you. Get started
by applying online anytime, day
or night!

» Apply Today