The First Bank of Greenwich

What The First Bank of Greenwich does

The First Bank of Greenwich is a privately held community bank organized in 2006 and operating as a wholly owned subsidiary of the holding company First Greenwich Financial, with a mortgage subsidiary, First Greenwich Mortgage Company. It serves individuals and small-to-mid-size businesses from three branches: Cos Cob, CT (headquarters), Stamford, CT, and Port Chester, NY, covering affluent Fairfield County, CT and Westchester County, NY. The bank offers a full spectrum of retail and commercial products, including personal and business checking, savings, certificates of deposit, IRAs, residential mortgages, consumer loans, and commercial loans (up to $8.5 million per loan with higher limits on joint-venture lending). Credit cards are issued through TCM Bank, N.A., covering both personal and business cardholders, and digital channels include 24/7 online banking, a mobile app, Zelle, and remote deposit capture.

The bank's revenue model is interest-income-led (commercial and residential lending) supplemented by deposit account fees, credit card interchange (via TCM Bank), and cash management service fees. Pricing is tiered by account type, with promotional deposit offerings such as the Platinum Savings Account at 3.71% APY (linked Platinum Checking and $25,000 minimum required) and the recently launched Pet Savings Account. Go-to-market is community-led: President and CEO Frank J. Gaudio and the senior team engage locally, the B2B Network connects 2,000+ local business attendees, and the bank maintains more than 40 nonprofit partnerships and sponsorships. The bank reports 19% annual loan growth against an industry average of approximately 5% and has received the "Best Community Bank in Greenwich" community recognition.

Technology consists of standard community-banking infrastructure augmented by partnerships with Zelle (payments), IntraFi (ICS and CDARS deposit network for expanded FDIC coverage beyond $250,000), Greenlight (youth financial literacy debit card and money app), AccessiBe (web accessibility overlay), and TCM Bank (credit-card issuance). The bank is FDIC-insured (Member FDIC) and registered under NMLS #510513. Frank J. Gaudio serves as President and CEO (since 2015), Chairman of the Connecticut Bankers Association, and is supported by EVP/COO Mark L. McMillen (40+ years local banking experience), EVP/CLO Evan R. Corsello, and EVP/CFO Ronald J. Moccio.

Name

The First Bank of Greenwich

Legal name

The First Bank of Greenwich

Website

https://greenwichfirst.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

The First Bank of Greenwich is a privately held community bank operating three branches in Cos Cob, CT, Stamford, CT, and Port Chester, NY, serving individuals and small-to-mid-size businesses across Fairfield County, CT and Westchester County, NY with deposit, lending, credit card, and digital banking products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Bank-Affiliated Retail Wealth Management (FSAAAAAB)

Keywords

• Community banking services
• Commercial lending
• Personal savings accounts
• Small business banking
• Residential mortgages

Headquarters

HQ city

Cos Cob

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Primary revenue from interest earned on commercial loans, residential mortgages, consumer loans, and credit cards. The bank backs residential loans up to $8.5 million with higher limits on joint venture lending. Reported 19% loan growth.
2. Deposit Account Fees and Charges: Monthly service charges, ATM fees, and other account-related fees. Various account types with tiered fee structures based on balance requirements.
3. Credit Card Revenue: Revenue from credit card interchange fees and interest charges on outstanding balances. Cards issued through TCM Bank, N.A.
4. Cash Management Services: Fees for business cash management services including remote deposits, Zelle, and other transaction services

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

The First Bank of Greenwich operates as a community bank offering personal and business deposit products (checking, savings, CDs, IRAs, Holiday Club), personal and business credit cards issued through TCM Bank, N.A., and commercial, residential, and consumer loans with commercial loans backed up to $8.5 million. Distribution combines three branch locations (Cos Cob, Stamford, Port Chester) with 24/7 online and mobile banking, remote deposit capture, Zelle payments, and FDIC insurance expansion via IntraFi ICS and CDARS, all delivered under a relationship-based hometown banking model serving Fairfield County, CT and Westchester County, NY.

Product overview

The First Bank of Greenwich is a community bank offering a unified suite of personal and business banking products. Its personal banking includes checking, savings (including Platinum Savings at 3.71% APY and Pet Savings), Certificate of Deposit, Holiday Club, and Retirement Accounts. Credit cards are issued by TCM Bank, N.A. including Platinum Rewards, Cash Rewards, Visa Signature, and Secured Platinum cards. Business banking encompasses checking, savings, credit cards (Business Rewards, Cash Rewards, Edition, Company Rewards, Purchasing), and Cash Management. Lending products include Commercial Loans (up to $8.5M, 19% loan growth), Residential Loans, and Consumer Loans. Digital Banking comprises 24/7 Online Banking, Mobile Banking, and Remote Deposits. Community programs include B2B Network (500+ members), Advisory Boards, Start to Save for kids, and Greenlight financial literacy partnership. The bank also offers FDIC insurance services via IntraFi ICS and CDARS for large deposits.

Differentiator

Problem solved

Functional benefit

Brands

• Platinum Savings Account: High-yield savings account with up to 3.71% APY requiring a linked Platinum checking account and minimum deposit of $25,000
• Pet Savings Account
• Start2Save
• Greenlight
• Holiday Club

Products and services

• Personal Checking Accounts

Quantifiable outcome

• 19% loan growth vs ~5% industry average
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

15 partnerships are on record, tiered core and minor.

• GreenlightcoreStrategic or Co-development PartnerPartnership to provide financial literacy tools for kids and teens. Greenlight offers debit card and money management app that empowers parents to teach children about money through budgeting, saving, giving, and managing cards under parental supervision.
• Neighbor to NeighborcoreStrategic or Co-development PartnerFood drive partnership focused on fresh food and produce. Bank hosts food drives at all branches and partners with #GiveHealthy Platform for online food drive with fresh inventory control.
• AbilisminorStrategic or Co-development PartnerSupports individuals with special needs and their families. Bank hosts art shows featuring artwork from Abilis clients at branch locations.
• PROJECT MUSICcoreStrategic or Co-development PartnerMusic education nonprofit for youth. Bank is Premiere Sponsor of 'Overture to Italy' concert series and ongoing supporter. Human Resources Manager Paulette Bannon and President Frank Gaudio actively support the organization.
• INTEMPOcoreStrategic or Co-development PartnerMusic education nonprofit teaching multicultural and classical music to children from immigrant backgrounds. Bank provides vital financial support for Artist-in-Residence program launched with donation of rare $100,000 violin.
• Young Artists PhilharmoniccoreStrategic or Co-development PartnerMusic education organization for young musicians in Fairfield and Westchester counties. President Frank Gaudio honored at their gala for support of music education. Bank supports scholarships.
• Greenwich Polo AcademyminorStrategic or Co-development PartnerYouth polo programming for kids aged 5-18. Bank is lead sponsor providing materials and equipment. Founder Christian Perry credited bank as key component without which program might not have happened.
• Adopt-A-DogminorStrategic or Co-development PartnerAnnual pet adoption event 'Puttin' On The Dog'. Bank is proud co-sponsor of this festival celebrating dogs and the people who love them at Roger Sherman Baldwin Park.
• The Undies ProjectminorStrategic or Co-development PartnerNonprofit providing new underwear to those in need. Bank provides exhibit space at B2B events exposing organization to 2,000+ attendees and serves as donation drop-off location.
• Avon Theatre Film CentercoreStrategic or Co-development PartnerStamford-based independent film and arts center. Bank provided bridge loan financing for $14 million renovation and is presenting sponsor of 'Avon on Tour' mobile screening program during renovation.
• #GiveHealthy PlatformminorOthersOnline platform that allows organizations to conduct food drives with focus on fresh fruit and vegetables, controlling fresh inventory throughout the year.
• Greenwich Arts CouncilminorStrategic or Co-development PartnerNonprofit supporting visual, performing, and literary arts. Partnered with bank for 'Art to the Avenue' program hosting local artist exhibitions at branch.
• Bruce MuseumminorStrategic or Co-development PartnerArts institution in Greenwich. Hosted 'Jodi DeCrenza @The Bruce' event sponsored by bank. Part of Avon on Tour screening locations.
• TCM Bank, N.A.coreTechnology or IntegrationCredit card issuer partner for both personal and business credit card programs. All credit cards issued through TCM Bank, N.A., subject to credit approval.
• IntraFi LLCcoreTechnology or IntegrationProvides ICS (IntraFi Cash Service) and CDARS deposit network services enabling FDIC insurance coverage beyond standard $250,000 limit through network of banks.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bankwell Financial Group: Connecticut-based community bank serving similar Fairfield County consumer and SMB markets. Highly comparable in size, market geography, and relationship-banking model — COO Mark McMillen of First Bank of Greenwich previously worked at The Bank of New Canaan, which became Bankwell.
• PCSB Bank (now part of Trustco Bancorp): Westchester County, NY community bank operating in the same primary geographic footprint. Former PCSB Chairman/CEO Joseph D. Roberto joined First Bank of Greenwich's board in 2023, evidencing overlapping market and operational DNA.
• Fairfield County Bank: Ridgefield, CT-based community bank serving the same Fairfield County SMB and consumer base with comparable deposit products, commercial lending, and community-banking positioning.
• Patriot National Bank: Stamford-headquartered community bank operating in the same local market with a comparable relationship-banking approach to SMBs and affluent consumers in lower Fairfield County.
• Newtown Savings Bank: Connecticut community bank with similar deposit-gathering model, mortgage focus, and consumer/SMB orientation. Operates with comparable community-banking economics and scale.
• Dime Community Bancshares (Dime): New York-based community bank serving Westchester/Long Island SMBs and consumers with relationship-driven commercial lending — directly overlapping with First Bank of Greenwich's Westchester County branch in Port Chester.
• Apple Bank: New York-based community bank with comparable relationship-banking model, consumer/SMB focus, and personal-service positioning. Replicates the community-bank playbook in adjacent NY metro markets.

Broad incumbents

• Berkshire Hills Bancorp (Berkshire Bank): Larger Northeast community bank with overlapping capabilities and Connecticut presence (acquired Liberty Bank in 2024). Offers broader product breadth but competes for the same community-bank deposit and SMB lending dollars in CT/NY.
• M&T Bank: Major Northeast regional bank (acquired People's United, which had acquired First County Bank in Stamford). Competes head-to-head in CT/NY with full-service capabilities and superior funding costs, representing the dominant regional competitor.
• Citizens Financial Group: Large regional bank with a substantial Connecticut branch footprint competing for consumer and SMB deposits and loans across the same geographic market, leveraging scale advantages that community banks cannot match.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php?id=61560175791636
• LinkedInlinkedin.com/company/57791037
• Instagraminstagram.com/firstbankofgreenwich

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

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 The First Bank of Greenwich