Jeffersonville Bancorp (JFBC)

Overview

Jeffersonville Bancorp stands as the parent company of Jeff Bank, specializing in providing comprehensive community banking services mainly to individuals, small businesses, and local government entities within Sullivan County, New York. With its establishment tracing back to 1913, Jeffersonville Bancorp prides itself on a long history of financial service excellence and is headquartered in Jeffersonville, New York. The company's core mission is to support the economic development and financial well-being of its community through a wide range of banking products and personalized services.

Products and Services

• Deposit Products:

  Jeffersonville Bancorp offers an array of deposit products catering to diverse needs. These include checking accounts for routine transactions, money market accounts for those seeking higher interest rates, savings accounts to help customers save money over time, and NOW accounts that combine the features of checking accounts with the benefits of earning interest. Additionally, the bank provides options for demand and time deposits, offering flexibility and security for customers’ financial assets.

• Commercial Mortgage and Real Estate Loans:

  The company extends commercial mortgage loans to businesses for purchasing, developing, or refinancing real property. These loans are tailored to meet the unique needs of businesses in the community. Additionally, construction loans are available for both businesses and individuals, providing critical funding for building projects, while agricultural loans support the local farming community.

• Residential Mortgage and Home Equity Loans:

  For individuals and families looking to buy a home, refinance, or use their home equity, Jeffersonville Bancorp offers residential mortgage and home equity loans. These loans are designed to make homeownership more accessible and provide financial flexibility by leveraging the equity in one's home.

• Installment and Consumer Loans:

  Beyond its real estate and mortgage offerings, Jeffersonville Bancorp provides installment loans, which can be used for personal purchases, such as cars or education, and consumer loans for various personal needs. This extends the bank’s portfolio of services to cover most financial needs of its clientele.

• Debt Restructuring:

  To assist customers facing financial difficulties, the bank offers debt restructuring services. This allows borrowers to negotiate the terms of their loans to achieve more manageable repayment plans, reflecting Jeffersonville Bancorp’s commitment to supporting its customers through challenging times.