Local Bank in Richmond
Can anyone recommend a local bank in Richmond? My bank is out of state with no local branches and I'd like to have one locally that I can easily make deposits into and to collect rent.
Most Popular Reply
We exclusively use local banks. We found talking to as many as possible was the best method to find the best one. We created a spreadsheet and just fill it with every local bank you find find. We then created a due diligence packets with as much info about us as possible. It included taxes, paystubs, a PFS (personal financial statement) and our properties appraisals and surveys, resume's ect.
We then just went down our list and sent our DD packet to every bank, and asked are you interested in our business.
In the end we found the best terms and have banks fighting over us.
Key to know is you are the customer so shop around.