Looking to get the most out of the global marketplace? Banner Bank has entered into a strategic partnership with Citigroup to bring Banner business customers an extensive global network and expanded product repertoire. So you get the best of both worlds—the local expertise of Banner Bank, the global clout of Citigroup, and a lot of other reasons to feel good about banking with Banner. Some of the services we provide:
- Import/Issued Commercial Letter of Credit: A letter of credit issued by Banner Bank on behalf of our customer to facilitate payment for the purchase of goods
- Export/Advised Commercial Letter of Credit: A letter of credit issued by a foreign/domestic bank in favor of a Banner Bank client for the payment of goods
- Standby Letter of Credit: A letter of credit used to support a broad range of situations, including the repayment of an applicant's financial obligation (e.g., insurance, loan, mortgage) or a payment in the event that the applicant fails to perform on a non-financial contractual obligation (e.g., bid bond, maintenance agreement, construction)
- Documentary Collections: Collection services for both import and export transactions
- International Trade Services: Banner Bank’s online platform enables customers to create, edit, and transmit their trade-related instruments using secure sockets layer version 3 security with 128-bit encryption. It also provides useful features such as the ability to access commercial documents and transaction status reports
- Other Services: Country information, foreign bank information, transaction structuring
To learn more about International Banking Services, please call 1-800-272-9933 and ask for the International Banking Department.