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Conforming Loan Payment Notice

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Conforming payment information

For your payment to be considered conforming, all payments must be made in U.S. currency and must be accompanied by the account number and/or payment coupon provided. Mailed payments must be sent to The Bank of Salem, P.O. Box 459, Salem, MO  65560. Loan payments may also be made in person to personnel at any of our bank locations. These payments will be posted and credited to the account as of that business day (except bank holidays) when received during our hours of operation as follows:

  • Downtown Location (100 West 4th Street) — 8:00 a.m. to 3:00 p.m. Monday through Friday
  • Crossroads Location (1001 South Main Street) — 7:30 a.m. to 6:00 p.m. Monday through Friday, and  7:30 a.m. to 12:00 p.m. Saturday

Loan payments received after the close of business will be posted and credited to the account as of the date received or as otherwise permitted by law.

Loan payments may be delivered to the night depository box after hours of operation at either of our locations and will be posted and credited as of the date received or as otherwise permitted by law.

Loan payments may be made by transferring funds from a Bank of Salem deposit account to a Bank of Salem loan account through the Online Banking service on this website. Payments will be posted and credited to the account as of that business day if the payment is posted by 6:00 p.m. Payments posted after 6:00 p.m. or on a Saturday, Sunday, or a bank holiday will be posted and credited to the account as of the next business day.

Loan payments received by wire are considered nonconforming. Nonconforming payments may take longer to process.

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