Banks in Delaware are much like other banks in the country. They offer checking, savings, loan and small business services. However, when running a business in Delaware it is imperative that you have a local bank that you can trust.

When choosing the institution that you will trust with your banking in Delaware, keep in mind several different aspects. Something that may seem like a small detail now, could grow to a large concern in the future.

1. Ensure that the Delaware commercial banking location is convenient to your business.

2. Take advantage of valuable business advising services offered by many Delaware banks.

3. Compare Delaware banks to find which offers the most service for your business.

Action Steps
The best contacts and resources to help you get it done

Find a convenient Delaware banking institution location

It is imperative that the location of the Delaware bank that you choose is convenient to your business. Travel back and forth between your business and the chosen Delaware financial institution can cost your business not only monetarily but in lost time as well.

I recommend: Access the list of Delaware banking institutions provided by the Office of the State Bank Commissioner. This site lists all of the banks in Delaware, their location, phone and a contact person.

Use Delaware banking institutions as a valuable business resource

Business banking in Delaware focuses on service. These banks know that if your business succeeds, that they will succeed as well. Many Delaware banks offer financial and small business advising to assist your business in various different aspects.

I recommend: First Bank of Delaware offers a wide variety of services. They offer business banking online, SBA and commercial loans, free small business checking and cash management including remote deposit service. Delaware Sterling Bank & Trust Company also offers several business services. In addition to online banking services, they also offer the small business merchant payment services, cash management services and business credit and check cards.

Compare Delaware commercial banking to corporate banking in Delaware

If your business is on the smaller side, it is best to stick to the more personalized service of the smaller commercial banks. However, if your business takes you nationally perhaps a larger bank would be a better choice.

I recommend: Bank of America has both small business solutions and corporate products and services. Plus with their Global Reach the possibilities for growth with them for your company is immense. Wachovia works as a team with your company by offering institutional products and services as well as a resource center for the smaller business.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Take advantage of any small business seminars that are offered by Delaware commercial banks. Often these are free seminars run by successful businessmen and businesswomen that have learned tricks of the trade that can be valuable assets.