Community National Bank

What Community National Bank does

Community National Bank is a Vermont-chartered community bank founded in 1851 and operated as a wholly-owned subsidiary of Community Bancorp (NASDAQ: CMTV). Headquartered in Derby, Vermont, the bank operates 12 physical branches across Northern and Central Vermont plus two Loan Production Offices in Burlington, VT and Lebanon, NH. As of Q1 2026, the bank held $1.23 billion in total assets, $984 million in gross loans, and $1.02 billion in deposits, serving personal/consumer, commercial/SMB, municipal/government, and trust/investment customers.

The bank offers a full-service community banking platform organized across Personal Banking, Business Banking, and CFSG Trust & Investment Services. Personal Banking includes checking, savings, CDs/IRAs/money market accounts, debit cards, personal loans, mortgages, and home equity loans. Business Banking provides business checking, sweep accounts, remote deposit capture, Positive Pay fraud protection, ACH/wire cash management, and municipal banking services. The 50%-owned Community Financial Services Group (CFSG) subsidiary manages more than $1.6 billion in trust and investment assets. Digital delivery runs through online banking (NetXpress), a mobile banking app on iOS/Android with mobile deposit, telephone banking, mobile text, and Apple/Google/Samsung Pay tokenized debit cards, all built on Jack Henry & Associates core infrastructure with 128-bit SSL encryption.

The revenue model is primarily net interest income on the $984M loan portfolio and investment securities, supplemented by transaction-based deposit fees, loan origination and servicing fees, electronic banking service fees (Business Bill Pay at $10/month, iPay P2P at $1.99/transaction), merchant card processing via Celero, and managed services revenue from CFSG trust and investment management. The bank employs a sales-led, relationship-driven go-to-market strategy supported by 11 business lenders across Vermont. Q1 2026 produced $4.4M in net income (up from $3.5M in Q1 2025) with EPS of $0.78, and the parent company recently uplisted to Nasdaq and was added to the Russell 2000 Index in June 2026.

Name

Community National Bank

Legal name

Community National Bank

Website

https://communitynationalbank.com

Company type

Public

Founded year

1851

Operating status

Operating

Headcount range

101–250 employees

Short description

Community National Bank is a 175-year-old Vermont community bank operating 12 branches across Northern and Central Vermont plus two loan production offices, providing personal banking, commercial lending, municipal banking, and trust/investment services with $1.23B in assets.

Ownership category

akta.pro rank

Headquarters

HQ city

Derby

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest earned on loan portfolio ($984 million in gross loans as of Q1 2026) and investment securities, offset by interest paid on deposits. Primary revenue driver for the bank.
2. Deposit Account Fees and Charges: Fees from various deposit account services including overdraft fees, wire transfer fees, stop payment fees ($29), insufficient funds charges, and paper statement fees
3. Loan Origination and Servicing: Income from originating and servicing mortgage loans, commercial loans, personal loans, and credit cards
4. Electronic Banking Services: Fees from Business Bill Pay ($10/month base + $0.50/transaction after 15), iPay person-to-person transfers ($1.99/transaction), and mobile banking services
5. Trust and Investment Services (CFSG): Revenue from Community Financial Services Group, 50%-owned subsidiary managing $1.6 billion in assets, providing trust and investment management services

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

Community National Bank is a Vermont-based community bank offering personal and business deposit accounts, consumer and commercial lending, mortgage and home equity loans, municipal/government banking, card processing, and trust and investment services through 12 Vermont branch offices, two loan production offices, and digital channels (online, mobile, telephone). The bank operates as a wholly-owned subsidiary of Community Bancorp (NASDAQ: CMTV), with a 50%-owned subsidiary Community Financial Services Group (CFSG) managing more than $1.6 billion in trust and investment assets.

Product overview

Community National Bank operates a unified community banking platform structured across Personal Banking, Business Banking, and CFSG Trust & Investment Services divisions. The Personal Banking core consists of Checking, Savings, CDs/IRAs/Money Market, Debit Cards, and Overdraft Protection, with loans covering Credit Cards (Mastercard), Personal Loans, and Mortgages/Home Equity including Special Home Equity Programs. Digital Banking (Online, Mobile, Telephone, Mobile Text) and eStatements serve as the primary service-delivery channels, with iPay (Personal Bill Pay) and the Fraud Center as connected add-on modules. Business Banking mirrors this with Business Checking, Business Debit Cards, Business Sweep Accounts, FDIC Insured Deposits (CDARS/ICS), Card Processing via Celero, Remote Deposit Capture, Positive Pay, Cash Management, and Municipal Services. The 50%-owned CFSG Trust & Investment Services subsidiary provides investment and trust management for $1.6B in assets. Community-facing programs include the WOW Program, Community Circle Club, and Totally Kids Club. The bank maintains 12 physical branch offices in Vermont (Derby Main Office, Barre, Barton, Derby Line, Enosburg Falls, Island Pond, Lyndonville, Montpelier, Morrisville, Newport, St. Johnsbury, Troy) plus Loan Production Offices in Burlington, VT and Lebanon, NH.

Differentiator

Problem solved

Functional benefit

Brands

• CFSG Trust & Investment Services: Trust and investment services division of Community National Bank managing assets
• CNB Mobile Banking
• Community Circle Club
• Totally Kids Club

Products and services

• Personal Checking Personal checking accounts for individual consumers with no monthly service charge, eStatements, debit card access, and digital banking integration.
• Personal Savings Personal savings accounts for individual depositors, accessible through online and mobile banking for transfers and monitoring.
• CDs, IRAs and Money Market Accounts Term Certificates of Deposit, Individual Retirement Accounts (IRAs), and Money Market deposit accounts with competitive and special promotional rates.
• Digital Banking (Online, Mobile, Telephone) Multi-channel electronic banking platform including browser-based NetXpress Online Banking, iOS/Android Mobile Banking app with Mobile Deposit and card management, automated Telephone Banking (1-800-340-3460), and Mobile Text banking via SMS.
• iPay Personal Bill Pay Personal bill payment service through Online Banking allowing payments to businesses and individuals, including Pay a Person P2P transfers ($1.99 per transaction), eBills, and email/text alerts.
• Credit Cards (Mastercard) Mastercard-branded consumer credit cards issued by CNB offering rewards, with online account management at 24-7cardaccess.com and dedicated customer service.
• Personal Loans

Quantifiable outcome

• Q1 2026 EPS of $0.78, a 24% increase from $0.62 in Q1 2025
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Community Financial Services Group (CFSG)coreStrategic or Co-development Partner · 19 May 202650%-owned subsidiary of Community Bancorp providing trust and investment management services. CFSG now manages more than $1.6 billion in assets. Represents the company's wealth management and trust service offerings.
• Granite State Development Corporation (GSDC)coreStrategic or Co-development PartnerNonprofit lending partner specializing in providing long-term, fixed-rate financing. Worked with CNB on the Keystone Architectural Stone project, bringing in Ethan Swain, VP of GSDC.
• Habitat for HumanityminorStrategic or Co-development PartnerCommunity partnership through CEO Christopher Caldwell's personal involvement. Bank works with Habitat for Humanity as part of community giving back and development initiatives.
• Swenson Stone WorksminorOthersVermont's exclusive retailer for Swenson Stone Works products including granite mailbox posts, steps, pavers, curbing, and garden accents. Partnership through customer Keystone Architectural Stone.
• The GCB Corp.minorOthersStone monument services company in Barre, co-owned by Keystone principals Joseph V. Calcagni and Vinny Calcagni. Related party to CNB customer Keystone Architectural Stone.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Bar Harbor Bankshares: Northern New England community bank holding company serving Maine, New Hampshire, and Vermont. Highly comparable to CNB in customer base (rural New England consumers and small businesses), asset size, and community-focused relationship banking model.
• Camden National Corporation: Maine-based community bank holding company offering commercial, retail, and wealth management services across Northern New England. Directly comparable business mix, geographic footprint, and customer segments to Community National Bank.
• Lake Sunapee Bank Group (Bar Harbor Bankshares subsidiary): New Hampshire community bank serving the Lake Sunapee region, now part of Bar Harbor Bankshares. Comparable in scale, community-banking focus, and Northern New England geographic orientation to CNB.
• Enterprise Bancorp: Massachusetts-based community bank holding company providing commercial and consumer banking in the New England region. Similar relationship-driven community banking model serving small/mid-sized businesses and municipalities.
• Northfield Bank: Staten Island, NY-based community bank with similar asset size and relationship-banking model serving small businesses and consumers. Comparable in commercial real estate exposure and community focus.

Broad incumbents

• Washington Trust Bancorp: Rhode Island-based bank holding company with the oldest community bank in the U.S. and significant wealth management operations. Operates across broader New England with similar commercial/retail/wealth mix but at larger scale than CNB.
• Berkshire Hills Bancorp: Northeast regional bank holding company operating Berkshire Bank across New England and New York. Offers comparable commercial/retail banking and wealth management products at larger scale than CNB.
• Citizens Financial Group: Large regional bank with significant branch presence throughout New England, including Vermont. Competes with CNB for deposits, mortgages, and small business banking in overlapping markets, though at much larger scale.

Regional players

• Union Bankshares (Northfield Bancorp): Vermont-based community bank historically serving Northern Vermont markets overlapping with CNB's territory. Direct geographic overlap and similar customer base make it a close regional comparable, though smaller in scale.
• Mascoma Bank (Perkins Family Trust): New Hampshire and Vermont community bank serving the Upper Valley region directly overlapping with CNB's Lebanon, NH loan production office. Comparable customer base and rural community banking focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCr7GLoaJQUZuCueSb23Zcqg
• Facebookfacebook.com/CommunityNationalBankVT
• LinkedInlinkedin.com/company/community-national-bank
• Instagraminstagram.com/communitynationalbankvt
• Xx.com/ComNatBankVT

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

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 Community National Bank