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Contractor Retention Escrow (CRE) Banking Services

Put your money to work for you with a Contractor Retention Escrow (CRE) account from BofI Federal Bank. We’ve tailored specialized deposit products specifically to fit the financial needs of the construction industry and our will understand your goals intimately. We’ll partner with you closely, managing the entire process from initiation to project approval, coordinating account activities with project owners, and assisting with document preparation.

Benefits of BofI Federal Bank CRE Accounts

  • Highly competitive interest rates earned on deposited retention funds
  • No fees to the contractor
  • Immediate access to monthly interest generated
  • Retention payments sent by the project owner are deposited directly into your account
  • Up-to-the minute balance information, including incoming retentions funds and performance guarantee releases.

At , we’re committed to your growth and success. Contact us today to learn more about how our business banking solutions tailored to your industry can assist you in achieving your objectives.

Shelby Pond

Business Development Manager for Specialty Deposits

spond@bofifederalbank.com
Phone: 858-649-2638

Eren Maral

Commercial Banking Relationship Manager

emaral@bofifederalbank.com
Phone: 858-649-2646 | Cell: 619-323-5477

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