Developer Escrow Account
 

"Sun National Bank's Developer Escrow Account is designed to help municipalities meet the requirements of the Municipal Land Use Law.  This service fast, accurate and up-to-date information which, cuts down administrative cost and improves efficiency.

 The unique benefits of thsi one package service are:

• Builders and Developers
• Municipal Utility Authority
• Various Departments, i.e., Police, Fire
• $5,000 and under
  • Municipalty earns all interest
• Over $5,000
  • Interest rate automatically splits (one third municipality, two thirst depositor)
• Statements - cumulative - precise, concise audit trail
  • Monthly to Municipality
  • Quarterly or monthly to depositor
  • Trial Balance - all to-date information can be made immediately available
• Easy in - Easy out
  • Deposit slip
  • Telephone call
  • Write a check - total control over all funds
  • 1099 forms sent directly to depositor

Questions?

Contact Bruce Engle, 856.690.4225 or email