CN Bancorp, Inc.

Description

CN Bancorp, Inc. operates as the bank holding company for County National Bank that provides banking services to individuals and small to medium sized businesses in Anne Arundel County, Maryland. The bank engages in accepting deposits and originating loans. Its deposit products include commercial and retail checking accounts, money market accounts, tax deferred accounts, savings accounts, and certificates of deposits. The banks loan portfolio includes commercial loans for business purposes, including working capital, equipment purchases, lines of credit, letters of credit, and government contract financing; Real estate loans that comprise land development and construction loan financing, primarily for owner-occupied premises; consumer loans, including automobile and personal loans; residential mortgage loans, including first and second mortgage loans and home equity loans secured by single family owner-occupied residences. It also provides various cash management services, such as sweep accounts, account reconciliation, and wire transfers of funds for commercial customers. In addition, the bank offers telephone banking, automatic teller machines, debit cards, safe deposit boxes, after-hours deposit services, travelers checks, direct deposit of payroll, and ACH origination for automated transactions for various accounts. As of December 31, 2005, the bank served its customers from branches located in the Glen Burnie, Pasadena, Odenton, and Millersville areas of Anne Arundel County, Maryland. The company was incorporated in 1996 and is based in Glen Burnie, Maryland. As of May 31, 2007, CN Bancorp, Inc. is a subsidiary of Sandy Spring Bancorp.

Tags:

Retail Banking Loans, Individual Banking, Bank Securities, Bank Capital, Real Estate Banking, Business Loans, Banking Markets, Personal Loans, Market Loans, Loan Management