Mission National Bank

What Mission National Bank does

Mission National Bank is a single-branch community bank founded in 1982 and headquartered at 3060 16th Street in San Francisco's Mission District. Operating as a CDFI-certified and Minority Depository Institution (MDI) under FDIC insurance, the bank serves a customer base in which over 90% are first and second generation immigrants, with a specialized focus on minority-owned small businesses, gas station and convenience store operators, hospitality properties, multi-family and SRO housing, and residential care facilities in the Bay Area. Its parent holding company, MNB Holdings Corporation, is publicly traded on the OTCQB market under ticker MNBO.

The bank offers a full-service community banking platform consisting of personal and business checking, savings, money market accounts, CDs, and a lending suite including auto loans, mortgages, commercial real estate loans, business term loans, lines of credit, and letters of credit. Digital channels are delivered through a Fiserv-powered mobile banking application and online banking platform, supplemented by CardHub card management, CardFree Cash cardless ATM access, CardValet, Remote Deposit Capture, Positive Pay, Security Tokens, and Notifi Alerts. Distribution is anchored by the single branch with extended ATM access through the Allpoint network of 55,000+ ATMs.

The revenue model is conventional community banking: net interest income from the loan portfolio (CRE, business, mortgage, auto) net of interest paid on deposits, supplemented by banking fees and service charges, VISA debit card interchange fees through the Allpoint network, and loan origination fees. The bank's go-to-market is relationship-driven, emphasizing direct access to senior executives for loan decisions, multi-lingual staff, and 78% of deposits reinvested within five miles of the main branch. Pricing is not publicly disclosed; commercial loan terms and account fees are negotiated bilaterally through relationship managers.

Name

Mission National Bank

Legal name

Mission National Bank

Website

https://mnbsf.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Mission National Bank is a CDFI-certified single-branch community bank in San Francisco's Mission District serving first- and second-generation immigrant-owned small businesses and consumers through relationship-based commercial, retail, and digital banking since 1982.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Community banking
• Small business lending
• Commercial real estate loans
• Personal banking services
• Money market deposits

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

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: Interest income from commercial loans, business loans, and personal loans including mortgage loans and auto loans. Interest expense paid on deposits including checking, savings, money market, and CD accounts.
2. Banking Fees and Service Charges: Fee income from account services including business checking maintenance, transaction processing, wire transfers, overdraft fees, and other standard banking service charges.
3. Card Transaction Fees: Interchange fees from VISA debit card transactions processed through the Allpoint ATM network and card payment network.
4. Loan Origination Fees: Fees from commercial real estate loans, business term loans, business lines of credit, and letters of credit for Bay Area businesses.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Mission National Bank is a community bank providing personal and business deposit accounts (checking, savings, money market, CDs) along with a full suite of lending products including personal auto and mortgage loans, and commercial loans such as commercial real estate, business term loans, business lines of credit, and letters of credit. Digital banking is delivered through Fiserv-powered mobile and online platforms with remote deposit capture and card management tools.

Product overview

Mission National Bank offers a comprehensive community banking platform centered around its core commercial and retail banking services. The product portfolio consists of personal and business checking accounts, savings and money market accounts, CDs, and diverse lending products including auto loans, mortgage loans, commercial real estate loans, business loans, and letters of credit. Digital banking is delivered through MNB Mobile Banking (powered by Fiserv) and Online Banking platforms, augmented by card management tools (CardHub, CardValet, CardFree Cash), Remote Deposit Capture, Positive Pay, Security Tokens, and Notifi Alerts. The bank also provides educational tools through its Online Education Center and Financial Calculators. The core distinction lies in the bank's focus on serving underserved communities and first/second generation immigrants in the San Francisco Bay Area through its CDFI-certified operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Basic checking account for personal banking customers with FDIC insurance, VISA debit card access, and online and mobile banking features.
• Business Checking Commercial checking account designed for businesses with features including business bill pay, positive pay, and security tokens for enhanced fraud protection.
• Savings Accounts and CDs Personal savings accounts and certificates of deposit offering secure deposit options FDIC-insured up to $250,000.
• Money Market Accounts Interest-bearing deposit account offering competitive rates with limited check-writing capabilities.
• Auto Loans Financing options for personal vehicle purchases with competitive rates and flexible terms.
• Mortgage Loans Home financing solutions including purchase and refinance options for residential properties.
• Commercial Real Estate Loans Financing for commercial properties including mixed-use, retail, office buildings, multi-unit residential apartments, SRO hotels, and care facilities.
• Business Term Loans General business financing including business term loans to support trade cycles, equipment purchases, and expansion.
• Business Lines of Credit Revolving business lines of credit to support working capital needs and trade cycles.
• Letters of Credit Commercial letters of credit to facilitate international and domestic trade transactions.
• MNB Mobile Banking Mobile banking application powered by Fiserv providing real-time account access, mobile check deposit, transfers, bill pay, and card management on iOS and Android devices.
• Online Banking 24-hour access to real-time account information with an intuitive interface for managing finances, viewing transactions, and account management.
• Remote Deposit Capture Electronic check deposit service allowing business customers to deposit checks from their desktop, providing 24-hour teller functionality.
• CardHub Card Management All-in-one digital dashboard for managing cards directly from the Mobile Banking App, offering card controls, lock/unlock features, transaction limits, and spending insights.
• Positive Pay Fraud prevention tool for business accounts that matches issued checks and ACH transactions against presented items to detect fraudulent activity.
• Security Tokens Two-factor authentication device providing an additional layer of security for business online banking transactions.

Quantifiable outcome

• 78% of deposits reinvested within 5 miles of main branch
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• AllpointcoreChannel Partner/ Reseller/ DistributorPartnership providing MNB customers access to Allpoint's network of over 55,000 ATMs at major retailers including Target, CVS/pharmacy, Walgreens, and Costco. Customers can locate ATMs via mobile app or mobile browser.
• FiservcoreTechnology or IntegrationTechnology provider powering MNB Mobile Banking, enabling customers to manage money, view transactions, make transfers, pay bills, deposit checks, manage cards, locate branches/ATMs, and receive alerts on mobile devices.
• MastercardcoreTechnology or IntegrationPayment network partner providing VISA debit card processing and SecureCode authentication for online transactions.
• Kaiser PermanenteminorOthersHealth insurance provider offering HMO plans as part of Mission National Bank's employee benefits package. Machine-readable files available per Transparency in Coverage Rule.
• Blue ShieldminorOthersHealth insurance provider offering PPO plans as part of Mission National Bank's employee benefits package.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Beneficial State Bank: Beneficial State Bank is a CDFI-certified, B Corp community bank serving California with a mission focus on underserved and minority communities. It is the closest direct peer to MNB on community development banking, certification status, and California footprint.
• Carver Federal Savings Bank: Carver Federal is a CDFI-certified Minority Depository Institution serving minority and underserved communities in the New York area. Like MNB, it operates on a community development mission, holds dual CDFI/MDI certifications, and competes for the same BEA and CDFI Fund awards.

Regional players

• Mechanics Bank: Mechanics Bank is a Northern/Central California community bank serving businesses and consumers across the Bay Area and beyond. It is a relevant regional peer on California community banking, with comparable business lending and deposit-gathering activities to MNB.
• Bank of Marin: Bank of Marin is a Bay Area community bank focused on small-to-mid-sized businesses and professionals. It shares MNB's regional Northern California footprint and SMB/community banking model, though without MNB's CDFI/MDI mission focus.
• Luther Burbank Savings: Luther Burbank Savings is a California community/savings bank serving the Bay Area with deposit and lending products. Its California community banking franchise and SMB/mortgage lending focus make it a comparable regional peer to MNB.
• HomeStreet Bank: HomeStreet is a Pacific Northwest and West Coast community bank offering consumer and commercial banking, including mortgage origination. It is comparable to MNB on West Coast community banking, multi-channel deposit franchise, and CRE/mortgage lending mix.
• Pacific Premier Bancorp: Pacific Premier is a larger West Coast community bank that has acquired several California community banks. Its similar business banking and CRE focus, plus its acquisitive history, makes it a relevant comparable and a plausible acquirer for MNB.

Broad incumbents

• Wells Fargo: Wells Fargo is one of the dominant incumbents in San Francisco with a major Bay Area branch, deposit, and small business lending presence. It is a broad incumbent against which MNB competes for immigrant/minority SMB banking relationships.
• Bank of America: Bank of America is one of the largest U.S. retail and small business banks with deep Bay Area penetration. It competes with MNB on small business banking and deposit gathering while benefiting from scale that MNB cannot match.
• JPMorgan Chase: JPMorgan Chase is the largest U.S. bank with a substantial Bay Area retail and small business banking presence, including community-focused initiatives. It represents the broad incumbent competitive alternative for MNB's target SMB and consumer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mission-national-bank

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

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 Mission National Bank