Continental Bank began in 2003 as a Utah State Chartered FDIC Insured Bank. We consider ourselves to be unique, operating in various niche markets within our sector. We do not offer services such as checking, saving, home & car loans. Rather we offer loans for equipment, real estate, or financing lines of credit.

We offer most financing structures. From leases (FMV, TRAC, 1ST amendment, and finance) to SBA 7(a) and 504 Loans (We hold the preferred SBA status designation). We also offer warehouse lines to leasing companies, purchase loans, lease portfolios, and support vendor financing.

You can check more detailed descriptions here

We don’t charge Origination or Documentation fees of any kind, we allow pre-payments without penalty, and we have local expertise and experience in creating customized solutions very quickly. 

If the loan ever went into default, we would have the right to collect the associations assessments dues from the homeowners. Board members and homeowners are not required to personally guarantee the HOA loan or line credit, and the bank won’t take a lien on any properties or real estate.

An HOA loan can spread the cost of community projects over a longer period of time rather than having to pay for it all upfront. The costs of the project are assigned to the people who benefit the most from the project. It can allow you to maintain or improve your community association’s reserve fund while also taking on projects quickly at today’s prices.

Some community associations will likely need to increase homeowners’ assessment fees to make loan payments, which include interest.         

No. Individual units can be bought and sold throughout the loan without having any impact on the structure of the loan.  

Contact our HOA loan expert, Joseph Morgan, he will happily answer any of your questions and help create a solution that fits your community association’s needs.

Joseph Morgan
Vice President
Phone: 801.595.7047
jmorgan@cbankus.com

With our focus on business, our loans are usually for equipment, real estate, or financing lines of credit.

“The management and staff at Continental Bank are talented and trustworthy. Their years of industry experience promulgate itself in the consistent professional and reliable service provided. Our financial dealings, in both selling and buying of loans, have been very favorable.”
– Peter J. Morgan, Executive Vice President,  Zions Bank

“The success of every vendor depends on a financing partner. Continental Bank was not afraid when we asked them for assistance in developing a financing program for our customers. They responded beyond our expectations.”
– Andrea West, CEO, West Coast Enterprises Truck & Trailer Sales, Inc.

We primarily work, with business owners, vendors and dealers, brokers or lessors, and financial institutions. Want to know more, check here

Ultimately, we will finance anything key to your business, but primarily we finance physical and digital (software) equipment. Some examples of what we financed are listed below

COMMERCIAL TRUCKING
- Heavy Duty
- Medium Duty
- Waste
- Dump Trucks
- Car Haulers
- Utility
- Flat Bed
- Dry Van
- Tow Trucks
- Bulk Trailers

CONSTRUCTION
- Excavators
- Cranes
- Mixer Trucks
- Dump Trucks
- Concrete Pumps
- Graders
- Rollers
- Dozers

OTHER MARKETS
- Technology
- Printing
- Manufacturing

Yes. You will receive a safekeeping deposit receipt via email immediately after the opening of your CD. For questions about negotiable DTC CDs, please call us at 801-595-7047.

You can either withdraw your funds or automatically renew your CD at the interest rate and annual percentage yield (APY) in effect on the date of maturity. Or you can renew it with a different term. To withdraw your funds, you’ll need to contact us in writing or by phone within 10 days after the maturity date to avoid penalty. If you do not contact us by the end of the 10-day grace period to renew or withdraw, your CD will automatically renew for another term at the highest interest rate and APY we offer for the same term. You will receive an email notifying you of the upcoming maturity approximately 10 days before maturity. For more detailed instructions, call us at 801-595-7047. 

Yes, penalties apply for High Yield and Bump-up CDs. We charge 90 days interest on the amount withdrawn for CD accounts with terms of less than 2 years. For CD accounts with terms 2 years or greater, we charge 180 days interest on the amount withdrawn. Liquidity CDs do not have early withdrawal penalties. 

You send a domestic wire transfer from another bank to Continental Bank’s Routing

Transit #: 124000054 and Account #: 086237153

Wire Transfer Address:

Continental Bank
15 W. South Temple, Suite 300
Salt Lake City, UT 84101
ATTN: CD Department            

High Yield CD – terms range from 1 month to 5 years.

Bump-up CD – 2 and 4-year terms available. Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term if our rate for your term and balance tier goes up.

Liquidity CD – 11-month term that allows you to withdraw all of your money any time after the first 10 days following the date you funded the account, and keep the interest earned with no penalties.

Our Overdraft Deposit Transfer Service allows clients to link a coverage account (savings, money market, or secondary checking account) to your primary checking account so that available funds are automatically transferred to prevent overdrafts if the balance on your primary checking account is too low.

In October, you can apply for a business Line of credit, once linked the line of credit automatically transfers available funds to cover overdrafts on your business checking account.  

Deluxe is the preferred check provider for Continental. To order checks for your business checking account, simply login to Online Banking and select “Order Checks” from the main screen. You will be redirected to the Deluxe website where you can submit an order or call into a Deluxe representative who can assist you through the ordering process.

SBA 7(a) loans can be used to buy a business or obtain working capital. The maximum loan for an SBA 7(a) loan amount is $5 million.

An SBA 504 loan is commercial real estate financing for owner-occupied properties. These loans require only a 10 percent down payment by the small business owner and funding amounts range from $125,000 to $20 million.

SBA Express loans are a simple way to receive expedited, amortized government-guaranteed financing for your small business. Entrepreneurs can be granted up to $350,000 of capital in the form of either a term loan or line of credit. Once received, this capital may be used for various business purposes.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The first $200.00 of your deposit, however, may be available on the first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the business day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.

Longer Delays May Apply. We may delay your ability to withdraw funds deposited by check into your account an additional number of days for these reasons:

* You deposit checks totaling more than $5,000.00 on any one day.
* You redeposit a check that has been returned unpaid.
* You have overdrawn your account repeatedly in the last six months.
* We believe a check you deposit will not be paid.
* There is an emergency, such as failure of computer or communications equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit.

Holds On Other Funds. If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Special Rules For New Accounts. If you are a new customer, the following special rules will apply during the first 30 days your account is open: Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000.00 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,000.00 will be available on the second business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000.00 will not be available until the second business day after the day of your deposit.

Funds from deposits of checks drawn on Continental Bank will be available on the first business day after the day of your deposit.
Funds from all other check deposits will be available on the fourth business day after the day of your deposit.

To stop a payment, login to Continental Bank on-line banking, click on account(s), select “Stop Payment on a Check” on the right side of the screen, select appropriate account and enter in check number of the check to be stopped.

Call (888) 858-7054 M-F, 9:00 AM to 5:00 PM MT and request a Stop Payment.

Send an email request to customerservice@cbankus.com to request a Stop Payment.

Send a secure message from on-line banking by selecting the envelope in the upper right-hand corner of the screen and creating a New Message in the Message Center to request a Stop Payment.

There is a Stop Payment Fee of $25.00. The Stop Payment is good for six months, after the six months elapses, another Stop Payment must be submitted for the specific check, as determined by the Customer. 

Call (888) 858-7054 M-F, 9:00 AM to 5:00 PM MT to request to dispute a non-debit card transaction.

Send an email request to customerservice@cbankus.com to request to dispute a non-debit card transaction.

A transaction dispute must be reported to Continental Bank within 30 or 60 days of the account statement being made available, wherein the transaction is documented. 30 days for any check-related dispute. 60 days for any electronic transaction (i.e., ACH).

Call (800) 383-8000, this number is printed on the back of your Continental Bank debit card.

Follow the prompts and select / ask to dispute a transaction.

Shazam, our card service provider, will take your request for to dispute a debit card transaction and advise you of the next steps.

A debit card dispute must be reported to Continental Bank within 60 days of the account statement being made available, wherein the transaction is documented, for any debit card transaction.

Call (800) 383-8000, this number is printed on the back of your Continental Bank debit card.

Follow the prompts and select / ask to report a lost or stolen debit card. Shazam, our card service provider, will take your request and cancel your existing card and order a new debit card.

Call (888) 858-7054 M-F, 8:00 AM to 5:00 PM MT to request an Account Verification letter.

Send an email request to customerservice@cbankus.com to request an Account Verification letter.

On the login screen, select “Forgot Password” and follow prompts to reset password. See Page 6 of the Continental Bank Online Banking User Guide to change password inside on-line banking.

See Page 14 of the Continental Bank Online Banking User Guide.

See Page 14 of the Continental Bank Online Banking User Guide.

See Page 34 of the Continental Bank Online Banking User Guide.

See Page 43 of the Continental Bank Online Banking User Guide.