Congressional Bank

Property Management and HOA Banking

Congressional Bank understands the unique banking needs of Property Management Companies. We have dedicated resources to represent our commitment to the industry.

  • Account Officers who specialize in opening and servicing accounts for Property Management Companies. We understand the relationship between the management company and their client.
  • Streamlined process for required diligence and documentation collection.
  • Xpedited ResearchTM offers access to bulk statement downloads allowing for faster board package material preparation and month end reconciliation (Coming July 2019).
  • Competitive interest rates on reserve accounts allow the end client to earn more money with the safety and security of FDIC insurance.
  • Additional access to FDIC insurance above $250,000 through our CDARS and ICS partnership with PromontoryTM gives the management company the ability to fulfill the objectives of their boards and provides their clients’ peace of mind.

Contact Mark Kitsoulis for more information.