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.
Proud Members of
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
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.
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.
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.
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 BankingPhone: 408-200-8730 Kimberly.Bohn@herbank.com
Chris Lucas
Vice President, Sr. HOA Relationship ManagerPhone: (408) 534-4915 Chris.Lucas@herbank.com
Leonel Soto
Vice President, HOA Relationship ManagerPhone: (408) 494-4530 Leonel.Soto@herbank.com
Kelli Crowley
Vice President, HOA Relationship ManagerPhone: 408.494.4534 Kelli.Crowley@herbank.com
Albert Lopez
Vice President, HOA Relationship ManagerPhone: 408-200-8732 Albert.Lopez@herbank.com
*Warning: email address is not secure and confidential information should never be emailed.
