Poppy Bank

What Poppy Bank does

Poppy Bank is a privately held, FDIC-insured California community bank founded in 2005 and headquartered in Santa Rosa, serving both personal and business customers through a 50+ branch network concentrated in the San Francisco Bay Area with a growing Southern California presence. Its product portfolio is comprehensive and standard for a mid-sized community bank: on the consumer side it offers checking, savings and money market accounts, regular and IRA certificates of deposit, personal and student checking, youth savings (Poppy Blooms), and credit cards; on the business side it offers business checking/savings, business credit cards, treasury management with Earnings Credit Rate analysis, commercial real estate and small business lending (including SBA-backed loans). The bank also operates a digital banking platform with mobile check deposit, online account opening at digital.poppy.bank, Apple/Google/Samsung Wallet integrations, and Zelle for person-to-person payments.

Core technology is best characterized as a conventional omnichannel banking stack — third-party digital banking, mobile app, online origination, and wallet tokenization — rather than a proprietary platform with differentiated IP. Revenue is generated through three core streams: (1) interest income on commercial, small-business, and consumer loans; (2) transaction and account-related deposit fees (wires, account maintenance, etc.); and (3) net interest spread between loan yields and deposit costs, with promotional Online Savings and publicly disclosed CD APYs of 3.50%-4.00% used to attract deposits. The customer base is horizontally segmented across individuals and SMBs, with a secondary nonprofit/community segment supported through CRA-aligned programs (e.g., Money Matters with 10,000 Degrees).

The GTM motion is direct-to-consumer and direct-to-SMB via both the physical branch network (including in-grocery formats at Nob Hill, Safeway, Lucky, Bel Air, Pavilions, Ralphs, and Oliver's Market) and digital channels, supplemented by in-branch SBA, commercial, and treasury advisory relationships. Public deposit pricing is used as a defensive-and-offensive lever, with leadership under CEO Khalid Acheckzai, a co-founding Patterson family, CFO/CRO Andrew D. Fuller, and EVP/CLO Tony Ghisla. No funding rounds, M&A, or IPO signals appear in the source data, indicating an organic, internally financed growth posture.

Name

Poppy Bank

Legal name

Poppy Bank

Website

https://poppy.bank

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Poppy Bank is a privately held, FDIC-insured California community bank (founded 2005, headquartered in Santa Rosa) operating 50+ branches across the San Francisco Bay Area and Southern California, serving consumer and SMB customers with deposit accounts, lending, treasury management, and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industry

Student & Youth Banking (FSABAAAH)

Keywords

• Retail banking services
• Community banking
• Commercial lending
• Savings accounts
• Small business lending

Headquarters

HQ city

Santa Rosa

HQ country

United States

HQ region

North America

Offices49 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Traditional banking revenue from interest earned on loans including commercial lending, small business lending, and consumer credit products.
2. Deposit Fee Income: Fee income from various banking services including account maintenance, transactions, wire transfers, and other banking services.
3. Interest on Deposits: Interest paid to depositors on savings, checking, CD, and money market accounts, with competitive rates offered on CD products ranging from 3.44% to 3.92% interest rates.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Poppy Bank is a California-based community bank providing personal and business banking products including checking accounts, savings and money market accounts, certificates of deposit (including IRA CDs), credit cards, and digital banking services. It also offers commercial lending, small business lending (including SBA loans), treasury management services, and specialized products such as high-yield online savings and youth savings accounts, delivered through a 50+ branch statewide network and online/mobile platforms.

Product overview

Poppy Bank is a California-based community bank offering a comprehensive suite of personal and business banking products. The product portfolio centers on deposit accounts (checking, savings, money market, and CDs including IRA CDs) and credit products (personal and business credit cards, commercial lending, and small business lending). Digital banking capabilities include mobile banking, online banking, mobile deposit, digital wallet integration (Apple Pay, Google Pay, Samsung Pay), and Zelle for P2P payments. The bank also provides treasury management services for business clients and specialized savings products including the Poppy Premier Online Savings (high-yield online savings) and Poppy Blooms Youth Savings Account. CD terms range from 3 months to 60 months with competitive APYs. Poppy Bank operates primarily in California with numerous branch and ATM locations throughout the state.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal deposit accounts providing everyday banking functionality including check writing, debit card access, and online banking, with no monthly maintenance fees for qualifying accounts. Targeted at California residents seeking standard personal banking services.
• Student Checking Accounts Checking accounts with favorable rates and terms designed for college students, often with no or low fees to accommodate student financial needs.
• Personal Savings & Money Market Accounts Savings and money market deposit accounts earning competitive interest rates with unlimited deposits and up to six fee-free withdrawals per month, for individual customers seeking to grow savings.
• Poppy Premier Online Savings A high-yield online savings account offering competitive interest rates with FDIC insurance coverage. Accounts can be opened online with a $1,000 minimum balance, electronic statements, and external ACH transfer capabilities.
• Poppy Blooms Youth Savings Account A youth savings account designed to help children develop smart financial habits early, featuring competitive interest rates and no monthly maintenance fees. Targeted at families teaching financial education.
• Personal Certificate of Deposit (CD) Accounts Fixed-term deposit accounts with terms from 3 to 60 months offering guaranteed interest rates (4.00% APY for 3-12 month terms, 3.50% APY for 18-60 month terms) with $1,000 minimum balance and automatic renewal at maturity.
• IRA Certificate of Deposit Accounts Individual Retirement Account CDs combining certificate of deposit interest rates with tax-advantaged retirement savings for individual retirement planning.
• Personal Credit Cards Credit card products offering rewards, cash back, points for travel, and purchase protection, including travel rewards, cash back, and introductory options for new credit users.
• Safe Deposit Boxes Secure storage containers available at branch locations for protecting valuables and important documents for personal banking customers.
• Business Checking Accounts Commercial deposit accounts providing business banking functionality including checking, online banking, and tools for managing business finances with Treasury Management and Earnings Credit Rate options, for California small to medium businesses.
• Business Savings & Money Market Accounts Business deposit accounts earning interest on idle business funds with money market investment features for California businesses seeking to maximize returns on cash reserves.
• Business Credit Cards Credit card products tailored for business spending with rewards, expense management, and purchase protection features for California small and medium businesses.
• Commercial Lending Commercial real estate and business loans providing financing for property purchases, expansions, and business capital needs, including tailored financing plans for unique business situations, for California businesses.
• Small Business Lending Financing solutions specifically designed for small business needs including SBA loans, equipment financing, and working capital loans through the Small Business Lending Team for California small businesses.
• Treasury Management Services Cash management and treasury services for businesses including Earnings Credit Rate analysis, account structure optimization, and fee analysis to help businesses maximize banking relationships and reduce costs.
• Help for Homeowners (Foreclosure Prevention) Assistance programs for homeowners facing financial hardship, including foreclosure prevention resources and guidance for managing mortgage difficulties.

Named customers4 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

Feature3 records

Partnerships

One partnership is on record.

• 10,000 DegreescoreStrategic or Co-development Partner · 1 January 2017Poppy Bank is a major volunteer supporter of 10,000 Degrees' Money Matters financial literacy program, bringing more volunteers than any other organization. The bank also sponsors the organization's annual fundraising gala.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Exchange Bank: Santa Rosa-headquartered community bank operating in the same Sonoma County market as Poppy Bank, offering parallel personal/business banking, lending, and community-focused service — a direct local competitor.
• Mechanics Bank: Walnut Creek-based California community bank with a similar mix of personal and business banking, commercial lending, and SBA programs across Northern and Southern California — directly competing with Poppy for branch and SMB market share.
• CVB Financial (Citizens Business Bank): Ontario, California-based community bank serving businesses and consumers with treasury management, commercial lending, and deposit products throughout Southern California — directly comparable in product mix and California-centric footprint.
• Heritage Bank of Commerce: Silicon Valley community bank acquired by Pacific Premier in 2022, historically focused on business banking and SBA lending in the Bay Area — directly comparable SBA-led community banking strategy to Poppy's.
• Tri Counties Bank: Northern California community bank with branch presence across Sacramento, Chico, and the Central Valley, offering consumer and small business banking — overlaps with Poppy's Central Valley (Clovis/Fresno) and Sacramento expansion markets.
• Pacific Premier Bancorp: California-headquartered community banking franchise built through multiple acquisitions, offering full-service personal, business, and SBA lending across the West Coast — a comparable business banking model with significantly larger scale.
• Central Valley Community Bank: Fresno-based community bank serving California's Central Valley with personal/business banking, agricultural, and commercial lending — geographically overlaps with Poppy's Clovis/Fresno branch.
• Bank of Marin: Northern California community bank headquartered in Novato offering personal/business banking, SBA, and commercial lending across the Bay Area — competes for the same regional deposit and SMB relationships as Poppy.

Broad incumbents

• Wells Fargo: San Francisco-headquartered national megabank with massive California branch density, full-service consumer/business banking, and SBA lending — competes with Poppy across both retail deposits and small business lending in California.

Emerging players

• Ally Bank: Direct-to-consumer digital bank with no California branch presence, competing directly with Poppy's Premier Online Savings and CD products for rate-sensitive deposit customers across the state.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/P0PPYbank
• LinkedInlinkedin.com/company/poppy-bank
• Instagraminstagram.com/poppy.bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Poppy Bank