State Savings Bank

Online Banking Customers: Check your e-mail for a message from sent 8-24-22 to all online banking
customers regarding a
major change coming Oct. 24. If you did not receive an e-mail, click here to learn more .

How do construction draws work?

SSB requires invoices from the GC and sub-contractors for each construction draw as well as fully executed lien waivers on work previously completed.  SSB lenders will also make regular inspections of construction in order to verify the work we are advancing for has been completed.  This is done in order to protect both the borrower and the bank.

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