Escrow Managment

Escrow Management

Escrow Manager Services

Forget about the headaches of managing multiple escrow accounts – no more piles of paperwork, complex interest calculations or 1099 reporting. With Embassy Escrow Manager, you combine multiple sub-accounts under one master account and we handle the recordkeeping for you.

  • Interest or non-interest bearing accounts.
  • Comprehensive monthly reports.
  • Single master account.
  • Easy accounting of numerous accounts.
  • Improves and consolidates recordkeeping.
  • Open sub-accounts quickly & easily.
  • Bank prepared and mailed 1099 forms.
  • Inividual sub-accounts are FDIC insured up to $250,000 which is effective through December 31, 2013
  • Easy disbursements.
  • Dedicated escrow hot-line.

1031 Exchanges

Defer capital gains on the sale of investment, income or business real estate with a 1031 Exchange. Embassy Bank can be your one source for seamless, convenient real estate transaction solutions and 1031 Exchanges.

  • Defer your tax burden.
  • Increase your buying power toward the next property.
  • Local qualified intermediary to administer the exchange.
  • Commercial lending available for real estate purchases.
Contact Dave Arner, CTP, Vice President,
Commercial Services, at 484-821-1201.

Other Cash Management products from Embassy.
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Embassy Bank for the Lehigh Valley is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. NOW accounts that pay an interest rate of greater than .25% are not included in the TAGP and are therefore subject to the $250,000 limit for FDIC insurance purposes.