Your Partner in the Community
The community relies on your organization. You've seen its effects. Maybe it's about making our community a better place to live and work, advancing a profession, supporting a cause, supporting our youth, or celebrating the arts. At John Marshall Bank, we want to be your bank and help your organization achieve its goals.
John Marshall Bank's Community Partnership Program is an innovative new program designed to help strengthen the organizations that strengthen our communities. The Community Partnership Program gives your organization the opportunity to receive contributions from John Marshall Bank based on the loans and deposits your organization and its members have with us. It's simple - and it costs nothing.
How it Works
Once your organization opens a qualifying account at John Marshall Bank (or has an existing qualifying account) any of your members or supporters can open their accounts at John Marshall Bank and designate them as Community Partner participants. The more loans and deposits we provide to your organization and its supporters, the greater the donation that John Marshall Bank makes to your organization.
Requirements
To be eligible for the Community Partnership Program, your organization must be a 501(c) (3) non-profit organization located in the Washington, DC metropolitan area.
There are two ways to qualify for the program:
- Move your organization's main operating account to John Marshall Bank
- Open and maintain a new interest bearing account of $50,000 or more
Once you are part of the program, John Marshall Bank will track the average daily balances in your accounts and your members' designated accounts and make a quarterly donation to your organization based on those balances.
Eligible Accounts*
Any type of account is eligible, including checking, savings, CD's, and loans - business or personal!
Calculating our Donation*
Our donation will be based on the average daily balance maintained in you and your members' designated and eligible accounts at the annual rate of:
- 1/4% on Certificate of Deposits and any premium, VIP or promotional Savings and Money Market Accounts; and on all personal or commercial loans.
- 1/2% on Checking and Interest-Checking Accounts, and all other non-premium or non-promotional Savings and Money Market Accounts.
All donations will be calculated at the end of each calendar quarter and credited to your designated John Marshall Bank account by the end of the following month.
*Due to banking regulations that prohibit interest payments on commercial checking accounts, your organization's non-interest bearing checking accounts held at John Marshall Bank are not eligible for inclusion in calculating the annual donation we make to your organization.
John Marshall Bank
5860 Columbia Pike, Suite 104
Falls Church, VA 22041
703-845-2700
Good neighbors. Better Partners.