Woodsville Guaranty Savings Bank

What Woodsville Guaranty Savings Bank does

Woodsville Guaranty Savings Bank is a community bank founded in 1889 and headquartered in Woodsville, New Hampshire, serving retail households, small businesses, and commercial clients across northern New Hampshire and northeastern Vermont. The institution operated 101–250 employees and offered a full-stack community banking product set covering personal checking and savings accounts (including HSA, CDs, IRAs, and money market accounts), residential mortgages, home equity loans, personal loans, and credit cards, alongside commercial and small business banking services such as business loans, SBA lending, treasury services, remote deposit capture, and merchant card processing. Wealth management and fee-based financial planning were delivered through Community Financial Services Group (CFSG), a fiduciary wealth management joint venture co-founded in 2002 with two other community banks, which offered services including 401k, estate, trust, tax, family office, and investment planning across more than 40 states without minimum account requirements. The bank was FDIC-insured, generated revenue primarily through net interest income on deposits and loans augmented by fee income from wealth management, and reached the end of independent operation in March 2025 when it was acquired by Bar Harbor Bank & Trust in an all-stock transaction valued at approximately $39.8 million, after which Woodsville's products, branches, and customer base were absorbed into the larger Bar Harbor platform, including its expanded Bar Harbor Wealth Management and Bar Harbor Financial Services divisions.

Name

Woodsville Guaranty Savings Bank

Website

https://theguarantybank.com

Company type

Private

Founded year

1889

Operating status

Acquired

Headcount range

101–250 employees

Short description

Woodsville Guaranty Savings Bank is a community bank founded in 1889 in Woodsville, New Hampshire, serving retail, small business, and commercial customers in northern New Hampshire and northeastern Vermont, with wealth management delivered via the CFSG joint venture. It was acquired by Bar Harbor Bank & Trust in March 2025.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Commercial Banking (522110), Portfolio Management and Investment Advice (523940)

SIC

Savings Institution, Federally Chartered (6035), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Community banking services
• Retail banking products
• Commercial lending services
• Wealth management solutions
• Mortgage lending services

Headquarters

HQ city

Woodsville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Core offering

Woodsville Guaranty Savings Bank is a community bank providing personal banking (checking, savings, CDs, IRAs, money market, HSA), consumer lending (home mortgages, home equity, personal, student, and credit card loans), commercial and small business banking (checking, treasury, payroll, SBA, municipal, merchant, and credit card processing), and wealth management (Bar Harbor Wealth Management and Bar Harbor Financial Services for 401k, estate, investment, trust, retirement, and tax planning). Services are delivered through FDIC-insured branches in Northern New England and through digital channels (online, mobile, mobile deposit, card control, and Zelle).

Product overview

Woodsville Guaranty Savings Bank operates as a regional banking platform within Bar Harbor Bank & Trust, offering a multi-module architecture that integrates personal banking, commercial banking, small business banking, and wealth management services. The platform combines core deposit and lending products (checking, savings, mortgages, personal loans, commercial loans) with digital banking channels (online banking, mobile banking, mobile deposit) and wealth management capabilities (Bar Harbor Wealth Management and Bar Harbor Financial Services). The integrated structure allows customers to access banking, lending, and wealth management services through a unified institutional framework serving customers across Northern New England.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Checking account products for individual consumers including various account options, overdraft protection, and related banking services.
• Savings Accounts Savings account products including traditional savings, Health Savings Accounts (HSA), CDs, IRAs, and Money Market Accounts for personal banking customers.
• Home Mortgages Residential mortgage lending products including home purchase loans, refinancing options, and mortgage lending team support.
• Home Equity Loans Home equity lending products allowing customers to borrow against their home's equity for various financial needs.
• Personal Loans Unsecured personal loan products for individual consumers for various personal financing needs.
• Online Banking Digital banking platform enabling customers to check balances, transfer funds, pay bills, and manage accounts through a web interface.
• Mobile Banking Mobile banking application for iOS and Android devices enabling account management and banking services on-the-go.
• Mobile Deposit Remote check deposit service allowing customers to deposit checks by photographing them with a mobile device.
• Card Control Debit and credit card management tool enabling users to monitor usage, turn cards on/off, and control card settings.
• Bar Harbor Wealth Management Comprehensive wealth management division offering 401k plans, charitable planning, estate planning, family office services, financial planning, investment management, municipal services, nonprofit services, retirement services, tax planning, trust services, and platinum checking.
• Bar Harbor Financial Services Financial services division providing investment planning, education funding, business retirement planning, individual retirement planning, insurance and risk management, and life insurance products.
• Commercial Banking Services Business banking products including commercial checking accounts, business savings, CDs and IRAs, FDIC insured investments, business loans, municipal lending, credit cards, online and mobile banking, remote deposit capture, treasury services, credit card processing, payroll services, and risk management.
• Small Business Banking Small business banking services including business checking, savings, CDs, SBA lending, business loans, credit cards, online banking, mobile banking, mobile deposit, remote deposit capture, bill pay, credit card processing, cash flow tools, and payroll services.

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Community Financial Services Group (CFSG)coreStrategic or Co-development Partner · 1 January 2025CFSG was co-founded in 2002 by Woodsville Guaranty Savings Bank along with two other community banks in Vermont and New Hampshire. CFSG operates as a fiduciary wealth management company offering fee-based financial planning without minimum account requirements. Following the 2025 acquisition of Woodsville by Bar Harbor Bank, CFSG relocated its offices and maintained uninterrupted client service.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Bar Harbor Bankshares: Parent company of Woodsville since the 2025 acquisition; a New England community banking franchise offering personal, commercial, small business, and wealth management services across Maine, New Hampshire, Vermont, and northern Massachusetts — directly comparable operating model and customer base.

Direct peers

• Community Financial Services Group (CFSG): Fiduciary wealth management company co-founded by Woodsville in 2002 with two other VT/NH community banks; offers fee-based financial planning without minimum account requirements across 40+ states — directly comparable trust/wealth management offering operated jointly with community bank partners.
• Mascoma Bank: Mutual community bank serving New Hampshire and Vermont with personal banking, commercial lending, and wealth services; comparable community banking footprint, customer base, and product mix in the same Northern New England geography.
• Lake Sunapee Bank (a division of Bar Harbor Bank & Trust): New Hampshire community bank previously operating independently and now part of the Bar Harbor franchise alongside Woodsville; near-identical community bank model, product set, and customer profile in overlapping NH/VT markets.
• Northway Bank: New Hampshire-based community bank offering personal, business, and mortgage lending across northern and central NH; directly comparable in geographic footprint, customer segments, and community banking value proposition.
• Passumpsic Savings Bank: Vermont-based mutual savings bank serving the Northeast Kingdom and Upper Valley region; highly comparable as a savings institution with overlapping Vermont/New Hampshire footprint and similar community banking product mix.
• Ledyard National Bank: New Hampshire community bank based in the Upper Valley/Lebanon-Hanover area; serves a similar affluent Northern New England customer base with comparable personal, business, and wealth management services.
• Connecticut River Bank: Vermont-based community bank serving customers along the Connecticut River corridor in VT and NH; directly comparable community banking franchise with overlapping service territory and small business/commercial lending focus.
• Community National Bank (Vermont): Vermont-headquartered community bank with branches across northern VT and NH; comparable mutual/community banking model, deposit-funded lending, and Northern New England geographic exposure.
• Sugar River Bank: New Hampshire community bank in the Upper Valley region; comparable community banking franchise with overlapping NH/VT customer base and similar personal and small business product suite.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/wgsbnh
• Facebookfacebook.com/theguarantybank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors

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

M&A

Investments

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

Frequently asked questions about Woodsville Guaranty Savings Bank