Just the Right Solutions for Your HOA

Homeowners Associations

The experienced HOA specialists at Heritage Bank of Commerce provide a suite of banking products and services to improve your association’s operating efficiencies.

Our treasury management and HOA payment systems, multiple payment channels, and consultative advice are designed to lower costs, improve efficiency, and improve cash flow while providing effective management control of your funds. In addition, you have unlimited check-writing abilities while earning interest on your operating account. Once a project is identified, our HOA lenders will be proactive, and with our financial “pre-view” service, we can help formulate a plan for the funding of the entire project to include special assessment financing.

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The Latest Technology

HOA Intelligent Banking

At Heritage Bank of Commerce, we are at the forefront of technology to provide the best solutions for our HOA clients. To complement our high standard of service, we have expanded our product line to include three distinct integrated technology solutions to work with your accounting & property management software with these key benefits:

  • Full Banking Capabilities Inside your Management & Accounting Software
  • Daily Reconciliations to Expedite Financial Reporting to Boards
  • Save Time & Money to Create Capacity for Future Growth

HOA Basic

Non-integrated solution requiring separate logins

Basic Details

HOA Plus

Access through one platform to push/pull items to and from your Accounting & Property Management Software and Banking Systems.

Plus Details

HOA Premium

Access within your own Accounting & Property Management Software.

Premium Details

Business Best Practices

HOA Operating Solutions

We offer the latest in Treasury Management Services to assist you in managing your cash flow requirements, with these key benefits:

  • HOA remote banking available 24/7
  • Multiple payment channels available
  • Secure online account access
  • Streamlined account setup
  • Reduce operating labor costs
  • Payables lockbox availability

Remittance Processing Services (LockBox)

With a focus on converting assessment payments into available funds, our remittance processing service utilizes state-of-the-art systems to ensure quick and accurate processing, with multiple payment options.

Provide an array of payment options to pay dues via credit cards, eCheck payment, Automated Clearing House (ACH), and U.S. mail.

A convenient, secure way to view checks, payments, and other remittance information from any computer.

By using our lockbox payment system, association payments are deposited into your account on the day they are received. Streamlined assessment processing frees up resources and may eliminate the need for additional accounting staff.

Our web-based lockbox reporting system allows you to search data by check number, date, dollar amount or unit account number. You can view an image of the check and accompanying coupon or statement stub.

We program a data file to upload the payment information into your accounting software to meet your needs.

Safeguard Your HOA’s Future

Reserve Planning

A well-funded reserve benefits all the association’s homeowners. As your partner, we can ensure your funds are safe and assist in the long-term planning to ladder certificates of deposit so funds are available when reserve components need replacement or other major expenditures come up.

  • Competitive interest rates
  • Consolidated statements for our CD Placement Service
  • Insure funds in excess of FDIC limits
  • Streamline opening and maintenance of reserve funds
  • No additional signature cards to keep track of

Liquid Deposit Services

With a focus on converting assessment payments into available funds, our remittance processing service utilizes state-of-the-art systems to ensure quick and accurate processing, with multiple payment options.

Provides the liquidity of a checking account with the feature of extended FDIC coverage through a nationwide placement service. Our system accurately tracks your demand money market placements to ensure 100% FDIC coverage via the Demand Money Market Placement program. You receive a comprehensive report detailing your investment portfolio.

A multiple interest tiered checking account that provides liquidity, unlimited check writing and the maximum yield on all funds on deposit.

Time Deposit Services

If you’re looking to maximize your interest on time deposits, you may opt to deposit funds in traditional CDs through our in-house program. You may also choose to take advantage of our CD Placement Service, which provides a nationwide approach that’s focused on ensuring all deposits are 100% FDIC insured.

A convenient deposit service that allows you to take advantage of the best returns available while maximizing your FDIC insurance coverage. Our system accurately tracks your CD placements, including any CDs placed elsewhere, to ensure 100% FDIC coverage via the CD Placement Service program.

  • You’ll have one agreement for the service, not for each CD placed
  • You’ll receive one comprehensive monthly statement reflecting all CDs in your portfolio
  • There are no fees for placement
  • Available terms range from four weeks to five years
  • You’ll receive one year-end 1099
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Just Good Business Sense

HOA Loans

As HOA industry professionals, we don’t have to tell you regular maintenance and repairs will enhance property values thus increasing your homeowners’ living standards. When a need is apparent and funds are an issue, our trained HOA bankers will work with your Board of Directors and managing professionals to structure loan programs that meet specific repair projects or implement energy-efficient systems. Once projects are underway, value-added expertise in managing budgets is provided and our experts work closely with you, along with property and construction management professionals, to ensure successful completion.

  • Our lenders know the HOA industry
  • Loan decisions are made locally
  • Competitive rates and terms
  • No pre-payment penalties (Certain Restrictions Apply)

Once a project is identified, our HOA lenders will become part of your team. With our financial “pre-view” service, we can help formulate a plan for the funding of the entire project to include special assessment financing.

Homeowner Association Loan Programs – We provide competitive financing up to $3,000,000 for maintenance/improvements and green energy projects with terms of 12 to 120 months.

  • Repairs and Capital Improvements: Financing is available to assist HOAs with regular maintenance and property improvements.
  • Solar Equipment: Our green energy financing program provides funds for solar initiatives.

For more information:

• Visit your local branch
• Email us at need HOASpecialtyBanking@herbank.com*
• Call us at 844-489-0999.

*Email is not secure and confidential information should never be emailed.

Talk to Us

Our HOA Support Team

Let us help find just the right banking solutions to support your HOA.

Kimberly Bohn

President, HOA Specialty Banking

Phone: 408-200-8730 Kimberly.Bohn@herbank.com

Chris Lucas

Vice President, Sr. HOA Relationship Manager

Phone: (408) 534-4915 Chris.Lucas@herbank.com

Leonel Soto

Vice President, HOA Relationship Manager

Phone: (408) 494-4530 Leonel.Soto@herbank.com

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Albert Lopez

Vice President, HOA Relationship Manager

Phone: 408-200-8732 Albert.Lopez@herbank.com

Janet Blanco

VP / HOA Sales Support Officer

Phone: (408) 200-8722 Janet.Blanco@herbank.com

*Warning: email address is not secure and confidential information should never be emailed.