ESCROW SERVICES

If your business manages escrow accounts for clients, our Escrow Funds Management Account will reduce your costs and streamline operating and reporting processes.

It’s a checking account designed for third-party agents who manage escrow funds for their clients in accordance with legal arrangements until conditions are met. Escrow Funds Management from Orange Bank & Trust is ideal for:

  • Attorneys
  • Landlords
  • Realtors/Title Companies
  • Municipalities
  • Funeral Homes
  • Nursing Homes/Assisted Living
  • Companies providing 1031 Exchange
  • Other

SIMPLIFY AND REDUCE OPERATING COSTS

An Escrow Funds Management account will save you time and money.  We link multiple interest, and non-interest-bearing ‘client’ or ‘tenant’ sub-accounts to a single ‘master’ commercial checking account that:

  • Manages money moving in and out of your client accounts
  • Generates one consolidated report for the entire Escrow Manager relationship
  • Creates and sends 1099 tax reporting to your clients
  • Allows you to issue checks for easy disbursement from your master checking account

 

ESCROW MANAGEMENT TRANSACTION FORMS

ATTORNEY ESCROW

An Escrow Funds Management Account will simplify how you manage your firm´s escrow funds – including IOLA funds – and save you time and money. We link multiple interest and non-interest-bearing client sub-accounts to a single master commercial checking account that:

  • Manages money moving in and out of your client accounts
  • Generates one consolidated report for the entire Escrow Manager relationship
  • Creates and sends 1099 tax reporting to your clients
  • Allows you to issue checks for easy disbursement from your master checking account

 

ESCROW MANAGEMENT TRANSACTION FORMS

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Orange Bank and Trust has a heritage and tradition of community banking for over 125 years. Our local bankers are at your service for all your financial needs whether you’re running a business or a family.

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