Eclipse Bank: A Comprehensive Guide to Louisville's Financial Institution

Understanding Eclipse Bank: A Historical and Current Overview

Established in 1872, Eclipse Bank has a rich history as a trusted financial institution in Louisville, Kentucky. Headquartered in downtown Louisville, the bank has expanded to serve communities across the state through its network of branches and ATMs.

With assets exceeding $2.5 billion, Eclipse Bank is ranked among the top 10 banks in Louisville by deposit market share. It offers a comprehensive range of financial products and services tailored to meet the banking needs of individuals, businesses, and municipalities.

Eclipse Bank's Commitment to the Community

Beyond its financial services, Eclipse Bank is deeply involved in community development and philanthropy. Through its Eclipse Bank Foundation, the bank supports various local organizations focused on housing, education, healthcare, and the arts.

In 2022, the Eclipse Bank Foundation awarded $1.5 million in grants to over 100 non-profit organizations, demonstrating the bank's commitment to investing in the well-being of the Louisville community.

Key Services and Products Offered by Eclipse Bank

Personal Banking:

• Checking and savings accounts
• Mortgages and home equity loans
• Personal loans and lines of credit
• Investment services
• Debit and credit cards

Business Banking:

• Commercial checking and savings accounts
• Business loans and lines of credit
• Merchant services
• Cash management services
• Equipment financing

Municipal Banking:

• Government checking and savings accounts
• Municipal bonds
• Tax anticipation notes
• Public finance advisory services

Why Eclipse Bank Matters: Benefits and Advantages

• Local Ownership and Decision-Making: As a community bank, Eclipse Bank's decisions are made locally, ensuring that the financial needs of the Louisville area are prioritized.
• Personalized Service: Eclipse Bank places great emphasis on providing personalized service to its customers, building lasting relationships based on mutual trust and understanding.
• Competitive Rates and Fees: Eclipse Bank offers competitive rates on its products and services, ensuring that customers get the best value for their money.
• Community Involvement: Through its foundation and various initiatives, Eclipse Bank demonstrates its commitment to supporting the growth and well-being of the Louisville community.

Common Mistakes to Avoid When Banking with Eclipse Bank

• Not Maximizing Account Features: Eclipse Bank offers various account features that can enhance your banking experience, such as budgeting tools, mobile banking, and rewards programs. Make sure to explore these features and utilize them to your advantage.
• Ignoring Interest Rates: When choosing a bank account or loan product, it's important to compare interest rates offered by different financial institutions. Eclipse Bank offers competitive rates, but it's always wise to do your research before making a decision.
• Using Out-of-Network ATMs: Using ATMs outside of Eclipse Bank's network may result in additional fees. It's always best to use Eclipse Bank ATMs or consider using ATMs that are part of the Allpoint ATM network.

A Step-by-Step Approach to Banking with Eclipse Bank

Opening an Account:

1. Visit an Eclipse Bank branch or website.
2. Choose the account type that meets your needs.
3. Provide personal information, such as your name, address, and Social Security number.
4. Make an initial deposit.

Applying for a Loan:

1. Contact an Eclipse Bank loan officer.
2. Submit a loan application along with supporting documentation.
3. Provide information about your income, assets, and expenses.
4. Undergo a credit check.

Using Mobile Banking:

1. Download the Eclipse Bank mobile app.
2. Enroll in mobile banking using your account information.
3. Access your account balance, transfer funds, and pay bills conveniently.

Frequently Asked Questions (FAQs) about Eclipse Bank

Q1: What are Eclipse Bank's operating hours?
A: Branch hours vary depending on location. Please visit the Eclipse Bank website for specific information.

Q2: Does Eclipse Bank offer online banking?
A: Yes, Eclipse Bank offers secure online banking services through its website and mobile app.

Q3: What is the maximum amount I can withdraw from an Eclipse Bank ATM?
A: The maximum ATM withdrawal limit is $500 per day per account.

Q4: Can I open an account with Eclipse Bank if I don't live in Louisville?
A: Yes, Eclipse Bank offers accounts and services to residents of Kentucky and surrounding states.

Q5: What is the Eclipse Bank routing number?
A: The Eclipse Bank routing number is 082000028.

Q6: How can I contact Eclipse Bank customer service?
A: You can contact Eclipse Bank customer service by phone at 502-588-7700 or by email at [email protected].

Conclusion

Eclipse Bank is a reputable and trusted financial institution that has been serving Louisville, Kentucky, for over 150 years. With its commitment to local ownership, personalized service, and community involvement, Eclipse Bank is well-positioned to continue to be a vital part of the Louisville economy and the lives of its residents. By understanding the bank's offerings, benefits, and best practices, you can maximize your banking experience and achieve your financial goals.

Table 1: Eclipse Bank Financial Performance

Table 2: Eclipse Bank Deposit Market Share in Louisville

Table 3: Eclipse Bank Loan Portfolio Composition