Stonebridge Bank Rates & Review

Stonebridge Bank Review

Stonebridge Bank of West Chester, Pennsylvania, offers both traditional and online banking services.

Founded in 1999, Stonebridge Bank is a wholly-owned subsidiary of Stonebridge Financial Corp. The bank is primarily an Internet bank but also operates four brick-and-mortar branches in southeastern Pennsylvania.

Personal banking

Personal banking products and services include checking account choices such as the Interest Checking Account. Other accounts include the Premier Money Market Account and traditional or IRA CD accounts with terms from 6 months to 5 years.

Personal banking customers also can apply for personal loans, auto loans, home equity loans and mortgages. Loan applications can be made in person, over the phone or online. Other services include a MasterMoney Check Card, telephone banking, direct deposit and savings overdraft protection. Stonebridge Bank's online banking services help customers pay their bills and view their account statements.

Business banking

Business customers have access to a variety of financial products and services at Stonebridge Bank, including separate checking accounts and money market accounts for business and nonprofit customers. There is a checking account for sole proprietors.

CD accounts are available with terms ranging from 6 months to 5 years. Businesses can apply for real estate loans, construction financing, term loans and lines of credit. Cash management services include a sweep investment account, line of credit, escrow manager and remote data capture. The bank's website allows business customers to download information to QuickBooks so that accounts can be managed online.

Deposit insurance

Stonebridge Bank has been insured by the Federal Deposit Insurance Corporation since its inception in 1999. In July 2010, FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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