Level One Bank Expands International Trade Services
FOR IMMEDIATE RELEASE: May 16th, 2013 Contact: Don Tanner/ Justin Fisette (248) 626-0006
LEVEL ONE BANK EXPANDS INTERNATIONAL TRADE SERVICES
Additional resources to serve customers with Import/Export Trade Letters of Credit needs
FARMINGTON HILLS, Mich., - Level One Bank announced today the expansion of its International Trade Service capabilities, which will now include an online Trade Services system to assist businesses with their Import/Export Trade Letters of Credit needs. The announcement was made by Level One President and CEO, Patrick J. Fehring.
“This is a unique service Level One offers to small and mid-size businesses to facilitate foreign trade and enhance our current export lending capabilities,” said Fehring. “As our customers conduct business globally, our focus is ensuring they have the financial tools necessary for success today and continued growth for tomorrow.”
Letters of Credit certify that shipments are fulfilled and payments are made between an exporter’s and importer’s banks. Customers now have access to a secure online Trade Services system to conveniently initiate, track, and amend letters of credit, ensuring efficient execution and accurate record keeping.
Level One began offering Export/Import banking services in 2011. Level One’s Commercial Lending team recently recognized a need for their clients to obtain additional international services, resulting in the expansion.
About Level One Bank
Level One Bank is a full-service, 5-Star BauerFinancial rated commercial and consumer bank committed to connecting with unparalleled service and delivering outstanding financial solutions. Owned and managed locally, Level One Bank is headquartered in Farmington Hills, Michigan with assets of approximately $500 million. It currently operates seven full-service banking centers, located throughout Oakland County and the surrounding communities. Level One’s Commercial Division provides a complete menu of products including lines of credit, term loans, commercial mortgages, SBA loans, Export-Import Financing and a full suite of Treasury Management services. The Consumer Division offers personal savings and checking accounts, including free checking and competitive interest-bearing accounts such as Money Markets, IRAs, and CDs. The bank also provides a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, please visit www.levelonebank.com.