Woodsboro Bank (WOBK)

Overview

Woodsboro Bank, originally known as Woodsboro Savings Bank of Frederick County, Maryland, underwent a name change in January 1997 and has been serving the communities of Frederick and surrounding counties since its establishment in 1899. With its headquarters based in Woodsboro, Maryland, the bank has expanded its reach by operating through eight offices spread throughout Frederick County, including a commercial lending office situated in downtown Frederick. The bank's mission is to provide a wide range of banking products and services tailored to meet the financial needs of its customers.

Products and Services

• Checking, Savings, Money Market, and IRA Accounts: Woodsboro Bank offers a variety of account types including checking, savings, money market accounts, and individual retirement accounts (IRAs) to cater to the diverse needs of its customers, from day-to-day transactions to long-term savings.
• Certificates of Deposit: For customers looking to secure their savings with fixed interest rates for predetermined periods, the bank provides certificates of deposit as a stable investment option.
• Personal Loans: Offering flexibility to meet personal financial goals, Woodsboro Bank extends personal loans with varying terms and competitive rates to its customers.
• Home Equity Lines of Credit and Mortgages: Whether for purchasing a new home, refinancing, or leveraging home equity, the bank provides a range of options including first and second mortgages, home equity lines of credit, and construction loans.
• Overdraft Protection and Lines of Credit: To help manage finances smoothly, Woodsboro Bank offers overdraft protection lines of credit, ensuring funds are always available when needed.
• Investment Property Mortgages and Land Lot Loans: Catering to investors and builders, the bank offers mortgages for investment properties as well as loans for building on or purchasing unimproved land lots.
• Business Loans: Supporting local businesses, Woodsboro Bank provides term loans, real estate loans, small business administration loans, and lines of credit designed to foster growth and operational efficiency.
• Electronic Banking Services: With a suite of electronic banking services including online and mobile banking, remote deposit, person to person payments, along with merchant and cash management services, customers can manage their finances effectively and efficiently from anywhere.