| Letters of Credit & Documentary Collections
Client banks can expand their services to commercial customers and increase profitability, while effectively managing risk. Services provided include; Import, Export, Domestic and Standby Letters of Credit and Documentary Collections.
• Very favorable fees allow the client bank to make additional fee income
• Enhances a client banks commercial business activity
Our alliance partnership is with National Penn Bank, a $3.2 billion commercial bank headquartered in southeastern Pennsylvania. National Penn has 100 overseas correspondent banks they work with directly via SWIFT, a secure global communications network. Working with National Penn Bank, the Bankers' Bank will provide all the necessary training, agreements and forms required to establish a Letter of Credit / Documentary. A team of international professional will work individually with clients of the Bankers' Bank Northeast to fully meet your bank's specific needs.
Request Information regarding LETTER OF CREDIT services.