Letters of Credit

A bank issues a standby letter of credit on behalf of a customer. With standby letters of credit, Bank SNB agrees to pay a specified sum of money to a third party upon presenting required documents that show our customer has defaulted or failed to perform under a contract or agreement. This financial arrangement allows you to establish credit with a third party and saves you cash for working capital. Credit is issued as a backup and is not intended to be drawn upon.

A commercial letter of credit can be issued to a vendor to purchase goods or services or for international transactions. Bank SNB guarantees a specified sum of money to a third party upon presenting required documents, helping you gain credibility with a new vendor.

Talk with a commercial banker in your area to explore how letters of credit can help your business.

Nick Presson
Market President, Tulsa
Tulsa Area
918.523.3641
Matt Pollock
Regional President, North Region
Oklahoma City Area
405.427.4000
Rex Horning
Market President, Stillwater
NMLS #
66342
Stillwater Area
405.372.2234
Jim Canton
Market President, Edmond
Edmond Area
405.427.4827
David Sine
Market President, Oklahoma City
NMLS #
616706
Oklahoma City Area
405.427.4236
Clay Jett
Regional President, South Texas
San Antonio Area
210.442.6101
Rick Sirchio
Regional President, North Texas
Dallas Area
972.624.2900
Ed Curtis
Market President, Austin
Austin Area
512.314.6700
Patrick Gearhart
Market President, Wichita
NMLS #
525781
Wichita Area
316.315.1600
Matt Cassell
Market President, Colorado
Colorado Region
303.754.5385