| Letters of Credit & Documentary Collections
Our clients can expand their services to commercial customers and increase profitability, while effectively managing risk. Services provided include; Import, Export and Standby Letters of Credit and Documentary Collections.
• Very favorable fees allow the client to make additional fee income
• Enhances our client's commercial business activity
Our alliance partnership is with National Penn Bank, a $8.3 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 the necessary training, agreements and forms required to establish a Letter of Credit / Documentary Collection. A team of international professionals will work individually with clients of the Bankers' Bank Northeast to fully meet the needs of you and your customers.
Request Information regarding LETTER OF CREDIT services.