Services for Nonprofits, Associations and Education Sector
Achieving your mission, that’s our mission.
If there’s one thing we’ve learned in 25 years of banking with the nonprofit community, it’s that every day presents something new. New challenges, new opportunities, and new avenues for achieving what you’ve set out to do. That’s why we’re here to ease the operational burden of managing finances, allowing you and your team to focus on what matters most – your mission. At EagleBank, we combine fully capable financial strength with the flexibility and approachability of having a localized decision maker by your side.
Tell us about your goals, we’ll find ways to help you reach them.
We work with you to create a strategic financial plan with your specific objectives in mind, helping you maximize cash flow, reduce risk, increase operational efficiency and access capital for future growth. We also offer a comprehensive, competitive suite of services for nonprofits and associations.
Services to meet your unique needs
Nonprofit Checking
A checking account designed for the needs of smaller nonprofits with low monthly transaction activity and limited management needs. Includes remote deposit service with a single feed scanner and no monthly service fee.
- No monthly maintenance fee and no balance requirements
- Up to 100 free items* per month (fee of $0.25 per item for transactions in excess of 100 per month)
- ExecuBank Business Online Banking
- Free Business Bill Pay, Mobile Banking** and Online Statements with ExecuBank
- Free Business Debit Card***, subject to approval
Nonprofit Checking Plus
An optimal checking account that rewards you with an earnings credit to help offset account costs. Accommodates higher transaction volume and expanded treasury management services.
- Earnings credit allowance reduces or eliminates service charges
- Monthly maintenance fee of $15 is waived if you maintain the balance requirement
- Up to 500 free items* per month (fee of $0.12 per item for transactions in excess of 500 per month)
- ExecuBank Business Online Banking
- Free Business Bill Pay, Mobile Banking** and Online Statements with ExecuBank
*Items include debits and credits posted + items deposited
**Fees from your mobile or data carrier may apply
***Other institutions may impose a fee for the use of their ATMs. International transaction fees may apply.
Our Services
- Tax-Exempt Financing
- Lines of Credit
- Term Loans
- Commercial Mortgages
- SBA Loans
- Letters of Credit
- Commercial Overdraft Protection
- Nonprofit Relationship Checking
- Credit and Purchasing Cards
- Online Banking
- QuickBooks Direct Connect
- Lockbox Services
- Merchant Services
- Wire Transfer and ACH Services
- Fraud Prevention Services
- Payroll Services
- Remote Deposit
- Business Savings Accounts
- Business and Business Premium Money Market Accounts
- Insured Cash Sweep (ICS℠)
- Certificates of Deposit
- CDARS® (Certificate of Deposit Account Registry Service)
- Investment Sweep Accounts
Education Sector
Our personalized services for charter schools, independent schools, private schools, pre-schools, and higher education reflect our understanding of how schools work. On top of the services above, we offer long-term taxable and tax-exempt bond financing, leasehold improvement loans, working capital lines of credit, term loans for lease and equipment, Owner-Occupied Commercial and/or Leasehold Mortgage Loans, Insured Cash Sweep (“ICS”), CDARS Treasury Products, guidance, and construction debt instruments.
We have supported numerous public charter schools across the Washington, DC region (see EagleBank Education Reach map to get an idea of our scope) and are grateful to be a preferred partner and collaborator in support of advancing equitable public choice education for our community.
Contact Jonathan Beall, SVP, C&I Lending Segment Leader for Education, 202.292.1615.
Testimonials
“Eagle provided a solution to a difficult cash problem that our organization had. With flexibility and great customer service.” - D. McKinnon, Executive Director, The American College of Trust & Estate Counsel, Washington, D.C.
“We have a great partnership with EagleBank and they have done a lot for the foundation and hospital. EagleBank particularly have been very helpful with setting up our physician’s offices and handling their accounts. EagleBank is a great business partner!” - W. Smith, Chief Development Officer, Shady Grove Adventist Hospital Foundation, Gaithersburg, M.D.
“EagleBank has great customer service and they treat our organization like we’re a big client even though we’re a small business. When we need something they get in touch with us right away; there is no bureaucracy.” - G. Evans, Executive Administrator, National Railway Labor Conference, Washington, D.C.
“I chose EagleBank because they are a community bank that understands the needs of a small business in the DC metro area. I am absolutely pleased - 120%!” - G. Bednar, CFO/Deputy Executive Director, Food and Friends, Washington, D.C.
For more information about our nonprofits and associations services, please email us at ContactMe@EagleBankCorp.com or call:
Evelyn Lee
EVP, Chief Lending Officer C&I
Terry Beverly
1st SVP, Market Executive/C&I Lending - Prince George's County
Jeff Rubery
1st SVP, Market Executive/C&I Lending - VA
Adeep Sandhu
SVP, Market Executive/C&I Lending - DC
Jonathan Beall
SVP, Segment Leader for Education