Business Banking

Red River State Bank has a wide variety of products and services that will help make your business more successful.

Checking Accounts

Free Checking

  • No minimum balance required
  • No monthly service charge
  • Monthly statement provided
  • Safekeeping of checks
  • Unlimited check writing
  • First order of checks provided free for opening a new checking account
  • Debit card
  • Online banking access

Regular Checking

  • No minimum balance required
  • $5.00 service charge per statement cycle
  • Imaged checks provided in monthly statement
  • Unlimited check writing
  • Debit card
  • Online banking access

Super Checking

  • Minimum balance of $300
  • $5.00 service charge per statement cycle if balance falls below $300 any day during statement cycle
  • Imaged checks provided in monthly statement
  • Unlimited check writing
  • Debit card
  • Online banking acces
  • Imaged checks provided in monthly statement
  • Unlimited check writing

NOW Checking

  • Interest compounded monthly and paid on the average daily balance
  • Annual Percentage Yield (APY) subject to change at any time
  • Minimum balance of $750
  • Unlimited check writing
  • Imaged checks provided in monthly statement
  • $8.00 service charge per statement cycle if balance falls below $750 any day during statement cycle
  • Debit card
  • Online banking access

 

Savings Accounts

Passbook Savings

  • No minimum balance required
  • No monthly service charge
  • Interest compounded daily, credited quarterly

Red River Investment

  • $1,000 minimum balance required
  • Interest compounded monthly, credited monthly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals
  • $8.00 service charge per statement cycle if balance falls below $1,000 any day during statement cycle

Business Money Market

  • $35,000 minimum balance required
  • Interest compounded monthly, credited monthly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals
  • $15.00 service charge per statement cycle if balance falls below $35,000 any day during statement cycle
Business & Agricultural Loans

Red River State Bank offers Agricultural and Commercial loans with a full range of terms to meet your specific needs. Please call or stop in for specific details. We would be happy to visit with you. 

Commercial & Agricultural Real Estate Loans  
Red River State Bank can provide financing to purchase or refinance your commercial or agricultural real estate or provide loans for acquisitions or expansion of your business or farm. We offer long term fixed rate and variable rate loans at very competitive rates.   Commercial & Agricultural Lines of Credit   Working capital lines of credit are available on a revolving basis to finance your inventory, crop or livestock inputs, or other short term financing needs.

Term Financing  
Term loans are available for various purposes, including acquisitions, equipment financing and livestock financing. We can tailor the down payment and terms to fit the needs of your operation.

Small Business Administration (SBA) Loans  
As a SBA Lender, Red River State Bank is able to finance commercial projects that may not qualify under other bank programs or our normal Bank loan policies.

Farm Service Agency (FSA) Loans  
Red River State Bank is a Certified Lender for the USDA/Farm Service Agency. We are proud to offer FSA guaranteed loans.

The security of your personal information is a top priority for us. We are committed to helping you keep your identity and information secure. We respect your financial privacy and comply with laws and regulations designed to secure that privacy. Our employees are bound by a code of ethics requiring confidential treatment of customer information. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information.

Read Our Privacy Policy.