1st Resource Bank

From Our Customers

“First Resource Bank offers outstanding customer service and a personal touch that is lacking in bigger banks. They took the time to talk to me and understand my personal and business banking needs, and then committed themselves to exceeding my expectations.”

Afif Abdelmalek
West Chester Auto Sales 

Standby Letters of Credit

First Resource Bank can issue Standby Letters of Credit on behalf of your coustomers to assist them with:

  • The financial security requirments of Townships or other goverment entities related to real estate site work oblicaitons (Tri-Party Agreements).
  • Guaranteeing their performance under a contract or other monetary obligation, often in lieu of a bid or performance bond.

Letters of Credits are fully secured with either a deposit account, real estate or other collateral acceptable to the bank.

We can provide a flexible payment schedule for the Letter of Credit fee. 

Please contact one of our loan representatives to discuss our products and current rates.

Download Personal Financial Statement