Farmington Bank understands the intricacies of international trade. Our experienced staff can help you streamline your international operations through specialized financing programs.
Commercial Letter of Credit
We can back your company's international purchases with a commercial letter of credit that ensures your suppliers will be paid promptly according to agreed-upon the terms and conditions.
Standby/Performance Letter of Credit
Issued instead of cash deposits or performance bonds, these articles give your suppliers confidence in your ability to fulfill your contracts, while saving you money and improving cash flow.
Collections—Import and Export
We make buying and selling internationally easier and cleaner with our import/export collections capabilities. Our highly skilled team can help you simplify tracking and reconciliation, and improve information flow all along the import/export value chain.
International Funds Transfer and Foreign Exchange
Transfer funds overseas in many currencies or buy foreign currencies onshore for your international dealings. We can provide wire transfers in multiple currencies.
Export Finance Services
Designed to give foreign buyers the medium and long-term financing they need to purchase your goods and services, these specialized products can give your business a competitive edge.