What Manasquan Bank does

Manasquan Bank is a mutual community bank founded in 1874 and headquartered in Wall Township, New Jersey, with $3.4 billion in total assets. It operates 15 branch locations concentrated across Middlesex, Monmouth, and Ocean counties and serves individual consumers, small-to-mid-size businesses, healthcare providers, educators, and nonprofits. The bank is a subsidiary of MB Bancorp, Inc., which functions as the holding company for regulatory and capital purposes; as a mutual institution, Manasquan Bank is owned by its depositors rather than external shareholders.

The bank's product set spans three core lines: personal banking (a tiered checking lineup including Infinity Pro+, Infinity Cash, Infinity Cashback, StartUp, and Anchor Checking; savings, money market, HSA, CDs, IRAs, and Coverdell ESAs; personal credit cards), business banking (Beyond Interest, Beyond Cash Back, Core, Premier, and Inspire Checking for nonprofits; business savings; cash management including ACH origination, remote deposit capture, remote wire, Positive Pay, and merchant services via Clover), and lending (residential mortgages and home equity, specialized programs for first-time buyers, educators, and first responders, commercial real estate and term loans, and healthcare-practice financing). Digital delivery is built on a mobile application (iOS and Android), online banking, the AI chatbot, Zelle integration, CardLink, Credit Sense, bill pay, mobile check deposit, and real-time alerts. Core technology vendors include Fiserv (with the COO seated on Fiserv's Operations Client Advisory Council), Mastercard, Zelle, Clover, and Credit Sense.

The revenue model is a traditional community-bank model driven primarily by net interest income on the loan portfolio (residential mortgages, home equity, commercial real estate, and healthcare lending) funded by deposits (checking, savings, CDs, IRAs). Fee-based income is generated from account maintenance, overdraft, wire, cash management, and merchant services. Go-to-market is omnichannel: physical branches plus self-serve digital onboarding, online loan applications, and a sales-led residential lending team. Pricing is published via rate sheets for deposit products and is quote-based for loans, with tiered monthly subscription-style pricing for checking accounts. Recent capital actions include a $45 million subordinated notes private placement by MB Bancorp in December 2025 (fixed 6.50%, SOFR + 306 bps reset) to refinance $30 million of existing notes and enhance regulatory capital flexibility.

Name

Manasquan Bank

Legal name

Manasquan Bank

Website

https://manasquanbank.com

Company type

Private

Founded year

1874

Operating status

Operating

Headcount range

101–250 employees

Short description

Manasquan Bank is a mutual community bank founded in 1874, headquartered in Wall Township, NJ, with $3.4 billion in assets and 15 branches serving consumers, small-to-mid-size businesses, educators, nonprofits, and healthcare providers across Middlesex, Monmouth, and Ocean counties through deposit, lending, cash management, and digital banking products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Finance and Insurance (52)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG)

akta.pro secondary industries

Microloans & Working Capital Loans (FSAKAGAA), Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration) (FSABAIAE)

Keywords

• Community banking services
• Residential mortgage lending
• Commercial lending solutions
• Business cash management
• Consumer deposit products

Headquarters

HQ city

Monmouth Junction

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Traditional banking revenue generated from the spread between interest earned on loans (mortgages, commercial loans, home equity) and interest paid on deposits (checking, savings, CDs, IRAs). Primary revenue driver for the mutual community bank.
2. Fee-based Banking Services: Revenue from various banking fees including account maintenance fees, overdraft fees, wire transfer fees, and cash management service fees for business customers.
3. Capital Market Activities: Subordinated notes issuance for regulatory capital purposes. MB Bancorp completed $45 million private placement of subordinated notes at 6.50% fixed rate to enhance financial flexibility.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Manasquan Bank is a mutual community bank providing deposit accounts, lending products, and cash management services to consumers and businesses across New Jersey. Core offerings include personal and business checking and savings accounts, CDs and IRAs, credit cards, residential mortgages with specialized programs for first-time homebuyers, educators, and first responders, home equity loans and lines, commercial real estate and term lending, and medical/healthcare practice financing. Distribution is through 15 physical branches, a digital banking platform, and a mobile app supported by cash management tools such as ACH origination, remote deposit capture, and positive pay.

Product overview

Manasquan Bank operates as a mutual community bank headquartered in Wall Township, New Jersey, with $3.4 billion in assets and fifteen branch locations across New Jersey. The bank offers a comprehensive suite of banking products organized across personal banking (checking, savings, CDs/IRAs, credit cards), business banking (checking, savings, cash management, merchant services), and lending solutions (residential mortgages, home equity, commercial lending, medical/healthcare lending). Digital banking services are delivered through mobile and online platforms with features including bill pay, mobile check deposit, real-time alerts, Zelle integration, and credit monitoring tools. The bank's personal checking lineup includes Infinity Pro+, Infinity Cash, and Infinity Cashback offering rewards programs, while business banking features specialized accounts like Beyond Interest and Inspire Checking for non-profits. Specialized mortgage products include HomeStart for first-time homebuyers, Hero Home Loan for military and first responders, and Educators1st for education professionals. The bank also provides dedicated healthcare banking solutions including equipment loans, practice acquisition financing, and working capital lines for medical practitioners.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts A suite of personal checking accounts for individual consumers, including rewards-focused tiers (Infinity Pro+, Infinity Cash, Infinity Cashback), standard Regular Checking, StartUp for first-time banking customers, and Anchor Checking for mature customers. Offered across the bank's 15 New Jersey branches and digital channels.
• Personal Savings Accounts Personal savings products for consumers including Infinity Saver (high-yield), Regular Savings, Club Savings for goal-based saving, Health Savings Account (HSA), Young Savers for minors, and Money Market and Signature Money Market accounts with tiered interest rates.
• Certificates of Deposit (CDs) Time deposit accounts with fixed terms ranging from 30 days to 7 years, offering FDIC-insured guaranteed returns with early-withdrawal penalties applied before maturity.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts available in traditional and Roth varieties, plus Coverdell Education Savings Accounts for qualified education expenses.
• Personal Credit Cards Portfolio of consumer credit cards including rewards cards, balance transfer options, and cards designed for building credit history.
• Business Checking Accounts Business checking account suite including Beyond Interest (interest-bearing), Beyond Cash Back (cash-back rewards), Core Business Checking (basic operations), Premier Business Checking (premium/high-volume), and Inspire Checking (for qualifying non-profit organizations).
• Business Savings and Money Market Accounts Business savings accounts including Regular Savings and Money Market Savings offering competitive yields on business deposits.
• Business Credit Cards Business-focused credit card products offering rewards, expense management tools, and cash flow solutions for commercial customers.
• Business Cash Management Services Comprehensive cash management platform (MSuite) providing ACH origination, remote deposit capture, remote wire transfer, positive pay/account reconciliation, night depository, and Zelle for Business to manage treasury operations.
• Merchant Services Point-of-sale payment processing for business merchants through partnership with Clover, enabling card acceptance and transaction processing.
• Healthcare Banking Solutions Specialized banking products and liquid payment solutions designed for healthcare providers, including practice-level cash flow management.
• Residential Mortgage Loans Standard residential mortgage products including purchase loans and refinances for primary residences, second homes, and investment properties, with online prequalification available.
• HomeStart First-Time Homebuyer Mortgage First-time homebuyer mortgage program with special terms and features designed to help new buyers enter the housing market.
• Hero Home Loan Special mortgage product designed for military personnel with favorable terms and benefits.
• First Responders Mortgage Mortgage product with special features and rates for firefighters, police officers, and other first responders.
• Educators1st Mortgage Specialized mortgage program offering favorable terms for educators and education professionals.
• Home Equity Loans and Lines of Credit (HELOC) Fixed-rate home equity loans and revolving home equity lines of credit secured by borrower home equity, providing lump-sum or draw-as-needed funding for major expenses.
• Construction Loans Short-term financing for residential construction projects, disbursing funds in draws as construction progresses.
• Building Lot Loans Loans for purchasing land intended for future residential construction, with terms and features specific to vacant lot financing.
• Auto and Unsecured Consumer Lending Vehicle financing and unsecured personal loans for consumer needs including auto purchases and debt consolidation.
• Commercial Real Estate Loans Financing for commercial property acquisition, development, and refinancing including office, retail, industrial, and multi-family properties.
• Commercial Term Loans Fixed-term loans for business purposes including equipment purchases, expansion, and other capital investments.
• Commercial Lines of Credit Revolving credit facilities providing businesses flexible access to funds for working capital and operational needs.
• Medical Equipment Loans Specialized financing for medical and healthcare equipment purchases for practitioners and healthcare facilities.
• Practice Acquisition and Divestiture Financing Financing solutions for healthcare practitioners buying or selling medical practices, including practice transitions and acquisitions.
• Healthcare Working Capital Lines of Credit Revolving credit facilities designed for healthcare providers to manage cash flow fluctuations and operational expenses.
• Digital Banking Platform Web and mobile-based digital banking platform with iOS and Android mobile apps, online account access, mobile check deposit, bill pay, real-time alerts, Zelle, CardLink card controls, Credit Sense monitoring, e-statements, mobile wallet, and UChoose Rewards.

Quantifiable outcome

• $79.5 million in residential loan volume for top-producing loan officer in 2024
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• FiservcoreTechnology or Integration · 11 December 2025Manasquan's Cathy Franzoni was appointed to Fiserv's Operations Client Advisory Council, which is composed of senior financial leaders who help shape operational strategies and innovation for the technology provider's financial services clients.
• MastercardcoreTechnology or IntegrationManasquan Bank issues Debit Mastercard cards for personal and business banking customers. The bank also partners with Mastercard for special promotions such as baseball ticket sweeps for customers.
• ClovercoreChannel Partner/ Reseller/ DistributorManasquan Bank partners with Clover to provide merchant services for business customers, enabling businesses to accept card payments through Clover point-of-sale terminals.
• ZellecoreTechnology or IntegrationManasquan Bank offers Zelle for both personal and business banking customers, enabling fast payment transfers between bank accounts at participating financial institutions.
• Apple Pay / Google PaysupportingTechnology or IntegrationManasquan Bank supports mobile wallet functionality including Apple Pay and Google Pay for customers to make secure contactless payments with their debit cards.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• OceanFirst Bank: New Jersey-headquartered community bank with a comparable multi-county branch network and similar mix of residential and commercial lending. Same regulatory environment and customer profile as Manasquan.
• ConnectOne Bancorp: NJ-based community bank with comparable commercial, residential, and consumer lending products targeting similar SMB and household customers in northern and central New Jersey.
• Northfield Bancorp: NJ-headquartered community bank with comparable deposit-gathering and multi-family / commercial real estate lending franchise, competing for similar regional SMB customers.
• Peapack-Gladstone Financial: NJ-based community bank offering private banking, residential mortgages, and commercial lending to affluent households and businesses—similar high-touch relationship banking model.
• Lakeland Bancorp: NJ community bank holding company with similar commercial lending and deposit franchise across northern/central New Jersey, serving overlapping SMB and consumer customer segments.
• Two River Community Bank: NJ community bank headquartered in Monmouth County with overlapping geographic territory to Manasquan and similar commercial/consumer lending focus.
• Kearny Bank (Kearny Financial Corp): NJ-based mutual savings institution with very similar asset size and mutual charter. Among the most structurally comparable peers given the mutual, NJ-focused business model.
• BCB Community Bancorp: NJ community bank with similar size, branch footprint in Middlesex/Monmouth/Ocean-adjacent counties, and parallel product set including residential mortgages and business cash management.
• Bogota Financial Corp: NJ-based community savings institution with overlapping deposit and lending products serving small businesses and consumers in the greater New Jersey / NY metro area.

Broad incumbents

• Valley National Bancorp: Larger NJ-headquartered regional bank with broader geographic reach but overlapping commercial, residential, and SMB banking products in the same NJ counties Manasquan serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/manasquanbank
• YouTubeyoutube.com/channel/UCAV-mBab3tJ_SitM-lXtgAg
• Facebookfacebook.com/ManasquanBank
• LinkedInlinkedin.com/company/manasquan.bank
• Instagraminstagram.com/manasquan_bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manasquan Bank