Trustar Bank
Trustar Bank is a privately held, Virginia-chartered community bank serving individual consumers and small-to-medium businesses through branches and digital banking, offering deposits, lending, credit cards via TCM, merchant processing via NPC, and treasury management.
- Company typePrivate
- Founded2019
- HeadquartersGreat Falls, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Trustar Bank does
Trustar Bank is a privately held, state-chartered community bank founded in 2019 and headquartered in Great Falls, Virginia. It holds the distinction of being the first bank chartered and opened in Virginia in over a decade. The bank serves two primary customer segments — individual consumers and small-to-medium businesses — across a single-state Virginia footprint through a combination of physical branches and digital channels. Its product portfolio spans personal checking, savings, credit cards (via TCM partnership), and borrowing on the consumer side, and business checking, savings, credit cards, business borrowing, merchant processing (via NPC partnership), and treasury management on the commercial side. The bank also offers access to over $50 million in FDIC insurance through Insured Cash Sweeps (ICS) and CDARS products, and supports community programs through its affiliated Trustar Youth Foundation.
The bank's core technology is a conventional digital banking stack: iOS and Android mobile apps, an online banking portal, and a separate treasury management web platform, supplemented by Zix Secure Message Center for communications. Most non-deposit products are delivered through partnerships rather than proprietary infrastructure, including TCM for credit card issuance and NPC for merchant processing. This partner-led model allows Trustar to offer a full-service banking suite without developing in-house capabilities for each product line.
Trustar's revenue model is that of a traditional community bank, with interest income from personal and business lending as the primary driver and fee-based income from checking, savings, credit cards, merchant processing, and treasury management as a secondary stream. Pricing is not publicly disclosed, and customers engage through branches and self-serve digital channels. The bank has raised approximately $84.7M in equity across three capital rounds (~$50M in 2020, $18M in 2022, and ~$16.7M in 2025), reflecting a deliberate strategy of building regulatory capital and balance sheet scale rather than scaling via third-party debt or non-deposit funding sources.
Trustar Bank firmographics
Firmographics- Name
- Trustar Bank
- Legal name
- Trustar Bank
- Website
- https://trustarbank.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Trustar Bank is a privately held, Virginia-chartered community bank serving individual consumers and small-to-medium businesses through branches and digital banking, offering deposits, lending, credit cards via TCM, merchant processing via NPC, and treasury management.
- Ownership category
- akta.pro rank
Trustar Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Private Banking Custody, Depository & Safekeeping Services (FSABADAI)
- akta.pro secondary industry
- Custody Trust & Safekeeping Services (FSAAANAD)
Keywords
Where Trustar Bank is headquartered
LocationHeadquarters
- HQ city
- Great Falls
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Trustar Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income: Traditional banking revenue from interest earned on loans including personal and business lending products
- Fee-based Services: Revenue from checking account fees, savings products, credit cards (through TCM partnership), merchant processing (through NPC partnership), and treasury management services
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Trustar Bank product offering
Product offeringCore offering
Trustar Bank is a full-service community bank that offers personal and business deposit products (checking, savings, money market, CDs, ICS/CDARS), lending products (personal and business loans and lines of credit), credit cards issued via TCM partnership, merchant processing via NPC partnership, and treasury management services. Distribution is through Virginia branch locations and digital channels including iOS/Android mobile banking and an online banking portal.
Product overview
Trustar Bank is a full-service bank offering a unified portfolio of banking products and services to small- and medium-sized businesses and consumers in Virginia. The bank provides personal banking services (checking, savings, credit cards, and borrowing) alongside business banking solutions (business checking, business savings, business credit cards, merchant processing, and treasury management). The bank also offers digital banking through mobile and online platforms, and extends FDIC insurance coverage exceeding $50 million through ICS and CDARS programs. Trustar Bank positions itself as a community-focused institution, supporting youth through its affiliated Trustar Youth Foundation.
Differentiator
Problem solved
Functional benefit
Brands
- Trustar Youth Foundation: A foundation that awards grants and scholarships to advocate organizations dedicated to the betterment of children, funds research for the treatment of illnesses affecting children, and provides tuition assistance to those in need.
Products and services
- Personal Checking Checking accounts for individual consumers that include a free debit card, free online banking, and 24/7 access to manage money from anywhere.
- Personal Savings Personal savings, money market, and CD products designed to help individuals grow their money, earn interest, and meet savings goals.
- Personal Credit Cards Personal credit card options issued through a partnership with TCM, providing purchasing power across a range of card options designed to fit individual financial goals.
- Personal Borrowing A range of personal lending options including loans and lines of credit at competitive rates to meet individual borrowing needs.
- Business Checking Business checking accounts designed to help businesses manage money easily, with account options that fit various business needs and stages.
- Business Savings Business savings, money market, CDARS, and ICS savings products that help businesses grow their money and meet financial goals, with extended FDIC insurance coverage.
- Business Credit Cards Flexible business credit card solutions offered in partnership with TCM to help businesses manage expenses and focus on business goals.
- Business Borrowing Customized lending solutions for businesses providing tailored loan products to meet their financing needs.
- Merchant Processing Payment processing solutions provided through a strategic partnership with NPC, delivering secure, reliable, and innovative payment solutions tailored to business needs.
- Treasury Management Treasury management services for businesses, including business mobile banking tools that enable effective financial management.
- Mobile Banking Trustar Bank's mobile banking application that allows customers to bank at their fingertips, available 24/7 on iOS and Android devices.
- Online Banking Online banking platform available 24/7 for both personal and business accounts, including treasury management access for business customers.
- FDIC ICS/CDARS Deposit Insurance Deposit insurance programs providing access to over $50 million in FDIC insurance through Insured Cash Sweeps and CDARS products for both personal and business customers.
Companies that use Trustar Bank
Customer profileSegments2 records
Ideal customer profiles2 records
Trustar Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature1 record
Trustar Bank partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- TCM (Third-Party Provider)corePartnership with TCM for personal and business credit card issuance, providing customers with purchasing power through a range of credit card options designed to fit financial goals
- NPCcoreStrategic partnership with NPC for merchant processing services, delivering secure, reliable and innovative payment solutions tailored to meet business needs
- CDARS/ICScoreAccess to Insured Cash Sweeps (ICS) and CDARS (Certificate of Deposit Account Registry Service) providing access to over $50 million in FDIC insurance coverage through reciprocal deposit placement networks
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Trustar Bank competitors and assessment
Company assessmentDirect peers
- Burke & Herbert Bank: Virginia-based community bank with comparable deposit-gathering, lending, and digital banking offerings to SMB and consumer clients. Directly competes with Trustar in the Northern Virginia market.
- Blue Ridge Bank: Virginia-chartered community bank with similar SMB and consumer banking focus, including digital channels. Comparable scale and customer segments to Trustar.
- MainStreet Bank: Northern Virginia community bank serving SMBs and consumers with deposit, lending, and digital banking products — a direct geographic and product competitor to Trustar.
- First National Bank of Charlottesville: Virginia community bank offering comparable personal and business banking services including checking, savings, lending, and digital channels in the same state.
- Virginia National Bankshares: Holding company of Virginia National Bank, a Virginia-based community bank providing similar SMB and consumer banking products with a comparable digital + branch model.
- EagleBank: Maryland-headquartered community bank with significant Northern Virginia presence, serving SMBs and consumers with similar deposit, lending, and treasury management products.
- Sandy Spring Bank: Mid-Atlantic community bank offering deposit, lending, and treasury products to SMBs and consumers with overlapping Virginia/Maryland markets.
Broad incumbents
- Atlantic Union Bankshares: Large Virginia-headquartered regional bank with full commercial, retail, and treasury management services. Significantly larger scale than Trustar but overlaps directly in the Virginia SMB and consumer market.
- Capital One: Major national bank headquartered in McLean, Virginia, with consumer and SMB banking products that compete directly with Trustar in Northern Virginia, particularly for digital-first banking customers.
Emerging players
- LendingClub Bank: Digital-first bank offering deposit products and consumer/SMB lending. Competes with Trustar for digitally native consumers and small businesses, particularly on deposit rates and online account opening.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Trustar Bank social profiles
Digital presenceTrustar Bank compliance and trust
Trust signalCompliance1 record
Trustar Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trustar Bank leadership team
Management profileNumber of profiles
Profiles1 record
Trustar Bank funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trustar Bank M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trustar Bank
What does Trustar Bank do?
Trustar Bank is a full-service community bank that offers personal and business deposit products (checking, savings, money market, CDs, ICS/CDARS), lending products (personal and business loans and lines of credit), credit cards issued via TCM partnership, merchant processing via NPC partnership, and treasury management services. Distribution is through Virginia branch locations and digital channels including iOS/Android mobile banking and an online banking portal.
Is Trustar Bank a public or private company?
Trustar Bank is a private company. It is classified as unknown and is currently operating.
When was Trustar Bank founded?
Trustar Bank was founded in 2019. It employs 51 to 100 people.
Where is Trustar Bank based?
Trustar Bank is headquartered in Great Falls, United States, in the North America region.
How does Trustar Bank make money?
Two revenue lines are on record. Interest Income is the primary driver. The others are fee-based Services.
Who are Trustar Bank's main competitors?
Direct peers on record are Burke & Herbert Bank, Blue Ridge Bank, MainStreet Bank, First National Bank of Charlottesville, Virginia National Bankshares, EagleBank and Sandy Spring Bank. Broad incumbents are Atlantic Union Bankshares and Capital One. LendingClub Bank is listed as an emerging player.
Does Trustar Bank have an API?
No public API is recorded for Trustar Bank.
What industry is Trustar Bank in?
Trustar Bank's product category is Community Banking. Its primary akta.pro industry code is FSABADAI, Private Banking Custody, Depository & Safekeeping Services, with a secondary code of FSAAANAD, Custody Trust & Safekeeping Services. Its NAICS code is 52211 and its SIC code is 6022.