RiverBank
RiverBank is a Spokane, Washington-based community bank founded in 2006 that provides relationship-based business and personal banking, SBA lending, and digital banking services to small and mid-market businesses and consumers across the Inland Northwest under the RBNK ticker on OTC Markets.
- Company typePrivate
- Founded2006
- HeadquartersSpokane, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What RiverBank does
RiverBank is a community bank founded in 2006 and headquartered in Spokane, Washington, serving small and mid-market businesses and individual consumers across the Inland Northwest. The bank operates under RiverBank Holding Company, with its shares trading on OTC Markets under the ticker RBNK. Its primary value proposition combines relationship-led banking — local decision-making in Spokane, dedicated relationship bankers, and a Concierge Mobile Branch that travels to business locations throughout Spokane County — with a digital banking platform spanning mobile and online banking, mobile check deposit, ACH origination, wire transfers, remote deposit capture, and Positive Pay fraud protection.
The product portfolio is structured across three pillars: deposit accounts (Analyzed Business Checking, Small Business Checking, IOLTA/IRETA, personal checking tiers, savings, money market, and CDs), lending (commercial, real estate, agricultural, SBA 7(a) up to $5M, SBA 504 up to $15M, SBA Express $10K–$500K, HELOC, personal lines of credit, residential construction), and digital services (merchant services via Fitech, ACH, wires, RDC, Positive Pay, ICS/CDARS via IntraFi, prepaid payroll/reward cards via Dash Solutions, and branded Visa credit/debit cards via Elan). The underlying technology is a third-party-led banking platform (Q2 mobile, ProfitStars SmartPay, DataCenter Positive Pay) layered onto a traditional correspondent banking infrastructure rather than a proprietary core system.
The revenue model is dominated by net interest income on the commercial, real estate, agricultural, and SBA loan portfolio, supplemented by transaction-based revenue: deposit account fees (monthly service charges, transaction fees), wire transfer fees, SBA loan origination and guarantee fees, merchant services interchange and processing revenue, and earnings credits on analyzed business checking balances. Customer acquisition operates through a hybrid GTM motion — enterprise field sales via relationship bankers who visit client sites, supported by digital self-serve onboarding (online account opening with document upload) and an inside-sales phone banking operation. The bank emphasizes its willingness to take credit risk on businesses that larger institutions decline, underwriting its differentiation against megabanks rather than on technology or pricing.
RiverBank firmographics
Firmographics- Name
- RiverBank
- Legal name
- RiverBank
- Website
- https://riverbankonline.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- RiverBank is a Spokane, Washington-based community bank founded in 2006 that provides relationship-based business and personal banking, SBA lending, and digital banking services to small and mid-market businesses and consumers across the Inland Northwest under the RBNK ticker on OTC Markets.
- Ownership category
- akta.pro rank
RiverBank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
Keywords
Where RiverBank is headquartered
LocationHeadquarters
- HQ city
- Spokane
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
RiverBank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others, Infrastructure
Revenue model
- Interest Income: Revenue from interest earned on loans including commercial real estate, business loans, agricultural loans, personal loans, and lines of credit. Interest income is the primary revenue driver for the bank.
- Deposit Account Fees: Monthly service charges, minimum balance fees, and transaction fees on business and personal checking and savings accounts.
- Merchant Services: Payment processing services for merchants including countertop terminals, point-of-sale systems, and next-day funding with transaction fees.
- Wire Transfer Fees: Fees for domestic and international wire transfers processed through online banking platform.
- Loan Origination Fees: SBA loans and commercial lending including SBA 7(a), SBA 504, and SBA Express programs with origination and guarantee fees.
- Business Checking Earnings Credit: Analyzed Business Checking accounts earn credit to offset monthly service charges and transaction fees based on deposit balances.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Analyzed Business Checking - For businesses with higher transaction activity and special servicing needs |
| Subscription | Monthly | Small Business Checking - For businesses with limited transaction activity |
| Subscription | Monthly | Advantage Checking - Interest earning personal account with additional benefits |
| Subscription | Monthly | Affinity Checking - Interest earning with premium benefits |
| Subscription | Monthly | Associates Checking - No minimum balance requirement |
| Other | Annual | Certificate of Deposit - Terms from 30 days to 60 months |
| Other | Multi-year contract | SBA 7(a) Loan - Flexible terms for acquisitions, startups, real estate |
| Other | Multi-year contract | SBA 504 Loan - Long-term commercial real estate and equipment financing |
| Other | Multi-year contract | SBA Express Loan - Quick access to capital |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels7 records
RiverBank product offering
Product offeringCore offering
RiverBank is a community bank that provides business and personal deposit accounts (checking, savings, money market, CDs), commercial, real estate, agricultural and SBA lending, merchant services, and digital banking tools to small and mid-market businesses and consumers in the Inland Northwest. Distribution relies on relationship bankers, a Concierge Mobile Branch that visits business sites, and the bank's FDIC-insured status with extended coverage through IntraFi ICS/CDARS.
Product overview
RiverBank is a community bank founded in 2006, offering a comprehensive banking platform combining relationship banking with digital solutions. The product portfolio spans business and personal banking with deposit accounts (checking, savings, money market, CDs), commercial and personal lending (including SBA programs), and digital services (mobile/online banking, merchant services, ACH, wire transfers, remote deposit capture, Positive Pay). Key digital add-ons include DashSolutions payroll cards, Concierge mobile branch service, and IntraFi FDIC insurance coverage products (ICS/CDARS). The architecture is a unified banking platform with modular digital service add-ons rather than a fragmented product suite.
Differentiator
Problem solved
Functional benefit
Products and services
- Analyzed Business Checking Business checking account for businesses with higher transaction activity or special servicing needs, featuring earnings credit to offset monthly service charges and transaction fees and $100 toward the first check order.
- Small Business Checking Business checking account for businesses with limited transaction activity, offering straightforward banking services and a $50 credit toward the first check order.
- Small Business Checking with Interest Interest-bearing checking account for sole proprietors and qualified non-profit associations with limited transaction volume.
- IOLTA/IRETA Checking Pooled client trust account checking for Law and Real Estate firms, with interest paid monthly to the Legal Foundation per regulation.
- Business Savings Business savings account that earns interest on excess operating funds and can be linked to business checking for overdraft protection.
- Business Money Market Tiered interest rate business savings account where higher balances earn more, with unlimited in-person or ATM withdrawals.
- Business Certificate of Deposit Fixed-term deposit account with competitive rates for business excess funds.
- Advantage Checking Interest-earning personal checking account with benefits including mobile deposit, first $25 in ATM fees refunded each month, complimentary checks and a waived monthly service charge if minimum balance is met.
- Affinity Checking Interest-bearing personal checking with comprehensive benefits including full monthly ATM fee refunds, complimentary RiverBank Logo Checks, one Stop Payment per month and one Domestic Wire Transfer per month.
- Associates Checking Personal checking account with no monthly service charge and no minimum balance requirement for RiverBank business account holders or employees and guardians of RiverBank account holders.
- Personal Savings Savings account for personal funds with interest earnings and overdraft protection linkage to checking.
- Personal Money Market Tiered interest rate savings account with competitive rates for higher balances and unlimited withdrawal access.
- Personal Certificate of Deposit Fixed-term deposit account with terms from 30 days to 60 months offering competitive, FDIC-insured rates.
- Commercial Loans Business lending solutions including operating lines of credit, investment lines of credit, business acquisition loans, commercial and standby letters of credit, and equipment loans.
- Real Estate Loans Commercial real estate financing including owner-occupied, investor, bridge/temporary, and construction loans.
- Agricultural Loans Agricultural financing including production lines of credit, equipment loans, and owner/non-owner occupied agricultural real estate.
- SBA 7(a) Loan SBA-backed loan program for acquisitions, start-ups, partner buyouts, real estate purchases and refinancing with up to 90% bank financing, fully amortized terms with no balloon payments, and loan amounts up to $5 million.
- SBA 504 Loan Long-term SBA financing for commercial real estate, improvements and large equipment with down payments as low as 10%, fixed or variable rates, and loan amounts up to $15 million.
- SBA Express Loan Streamlined SBA loan with quick access to capital, flexible terms up to 10 years, no prepayment penalties, and loan amounts from $10,000 to $500,000.
- Personal Lines of Credit Revolving credit lines available in secured and unsecured options for personal financial needs.
- Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity providing access to capital for various personal needs.
- Residential Construction Financing Construction loan for building a home, structured with relationship bankers for custom financing.
- Merchant Services Payment processing solutions from countertop terminals to full-scale POS systems with next-day funding and 24/7 customer support, delivered with Fitech.
- Mobile Banking App Mobile banking application for fund transfers, bill payments, and CheckSnap mobile deposits on iOS and Android devices including Apple Watch.
- Online Banking Comprehensive online banking platform for account history, balances, bill pay, transfers, loan payments, stop payments, check ordering, and digital services access.
- DashSolutions Paycards Prepaid payroll card program enabling flexible employee wage distribution with digital and physical card options, transparent fee structure, and 24/7/365 cardholder support.
- DashSolutions Reward Cards Prepaid reward cards for employee recognition and incentive programs.
- Concierge Mobile Branch Mobile branch service that travels throughout Spokane County bringing banking services directly to business locations with FDIC-insured deposit pickup and secure on-site transactions.
- ICS (Insured Cash Sweep) FDIC insurance coverage solution through the IntraFi network enabling multi-million dollar FDIC insurance on demand deposit or money market accounts.
- CDARS (Certificate of Deposit Registry Service) FDIC insurance coverage solution through the IntraFi network for CD investments with one rate per maturity and consolidated statements.
- Credit Cards RiverBank Visa-branded credit cards for personal and business use with various benefits and rewards programs, issued through Elan Financial Services.
- Debit Cards RiverBank Visa debit cards enabling purchases at merchants worldwide, including non-Visa debit acceptance through the STAR network.
- ACH Origination ACH payment processing for payroll, vendor payments, and collections offered to business customers.
- Wire Transfers Domestic wire transfer origination with dual control security for secure business transactions.
- Remote Deposit Capture Check deposit service enabling 24/7 deposits from a business desk with faster processing and convenience.
- Positive Pay Fraud protection service with ACH and Check Positive Pay that reviews, flags, and notifies of suspicious transactions.
Quantifiable outcome
- Up to 90% bank financing or higher for SBA 7(a) loans
- +3 more outcomes
Companies that use RiverBank
Customer profileNamed customers14 records
Segments6 records
Ideal customer profiles6 records
RiverBank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature5 records
RiverBank partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- IntraFi Network (ICS & CDARS)corePartnership with IntraFi Network LLC provides extended FDIC insurance coverage through Insured Cash Sweep (ICS) and Certificate of Deposit Registry Service (CDARS). Allows customers with balances exceeding $250,000 FDIC limit to access multi-million dollar coverage while maintaining relationship with RiverBank. Deposits placed at network banks maintain FDIC protection.
- Dash Solutions (Paycard)corePaycard partnership providing Dash Solutions payroll cards for businesses to pay employees who lack bank accounts. Includes personalized or instant issue cards, transparent low fee structure, 24/7/365 cardholder support, digital and physical prepaid card options. RiverBank refers businesses to Dash with RiverBank listed as referring partner.
- Fitech (Merchant Services)coreMerchant services provider for payment processing including countertop terminals, point-of-sale systems, next-day funding, and award-winning 24/7 customer support. Provides processing for Swipe Simple POS and Sound POS systems. Support available 24/7 at 844.822.1281.
- Small Business Administration (SBA)coreSBA Preferred Lender partnership providing government-backed business loans including SBA 7(a) (up to $5M), SBA 504 (up to $15M), and SBA Express ($10K-$500K) programs. The partial government guarantee allows small business owners who might not qualify for conventional financing to obtain capital with lower equity requirements.
- HUD (Housing and Urban Development)minorPartnership with U.S. Department of Housing and Urban Development supporting home buyers and homeowners with free low-cost counseling. RiverBank refers customers to HUD-approved counseling agencies and displays HUD logo.
- Elan Financial Services (Credit Cards)minorCredit card issuance and management through Elan Financial Services. RiverBank branded credit cards available with login through myaccountaccess.com.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
RiverBank competitors and assessment
Company assessmentDirect peers
- Banner Bank: Pacific Northwest community bank headquartered in Washington state offering business banking, SBA lending, and commercial real estate financing to SMBs. Highly comparable in geography, customer segment, and product mix to RiverBank.
- HomeStreet Bank: Seattle-headquartered community bank serving Pacific Northwest businesses and consumers with commercial banking, mortgage, and SBA products. Comparable in SMB focus and regional footprint.
- Heritage Financial: Washington state-based community bank holding company focused on commercial and consumer banking with strong SBA lending and relationship-banking model. Directly comparable in market segment and Pacific Northwest geography.
- Wheatland Bank: Eastern Washington community bank serving the Inland Northwest with commercial, agricultural, and SBA lending. Closely comparable in geographic footprint, customer segment, and community-bank operating model.
- Cashmere Valley Bank: Washington state community bank serving the Wenatchee Valley and broader Inland Northwest with commercial, agricultural, and SBA lending. Highly comparable in size, community-banking model, and ag-focused lending portfolio.
Broad incumbents
- Glacier Bancorp: Multi-state community bank holding company operating across the Western US, including Washington. A scaled community-bank operator with similar relationship-banking philosophy but materially larger asset base.
- Columbia Banking System: Tacoma-based regional bank formed through Pacific NW mergers, offering commercial banking across Washington and Oregon. Competes with RiverBank for SMB and middle-market relationships in overlapping geographies.
- WaFd Bank (Washington Federal): Seattle-based commercial bank with significant Pacific Northwest deposit base and commercial real estate lending. Larger-scale peer operating in the same regional corridor with overlapping customer profiles.
- Umpqua Bank: Large Pacific Northwest-headquartered commercial bank offering full-service business banking, treasury management, and SBA lending. Overlaps with RiverBank in geography and product but operates at much greater scale.
Regional players
- First Interstate Bank: Western US regional bank with presence in the Pacific Northwest serving small and mid-market businesses. Comparable in SMB and commercial real estate lending focus, though operates across a much broader multi-state geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
RiverBank social profiles
Digital presenceRiverBank compliance and trust
Trust signalCompliance3 records
RiverBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
RiverBank leadership team
Management profileNumber of profiles
Profiles18 records
RiverBank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RiverBank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RiverBank
What does RiverBank do?
RiverBank is a community bank that provides business and personal deposit accounts (checking, savings, money market, CDs), commercial, real estate, agricultural and SBA lending, merchant services, and digital banking tools to small and mid-market businesses and consumers in the Inland Northwest. Distribution relies on relationship bankers, a Concierge Mobile Branch that visits business sites, and the bank's FDIC-insured status with extended coverage through IntraFi ICS/CDARS.
Is RiverBank a public or private company?
RiverBank is a private company. It is classified as public and is currently operating.
When was RiverBank founded?
RiverBank was founded in 2006. It employs 11 to 50 people.
Where is RiverBank based?
RiverBank is headquartered in Spokane, United States, in the North America region.
How does RiverBank make money?
Six revenue lines are on record. Interest Income is the primary driver. The others are deposit Account Fees, merchant Services, wire Transfer Fees, loan Origination Fees and business Checking Earnings Credit.
Who are RiverBank's main competitors?
Direct peers on record are Banner Bank, HomeStreet Bank, Heritage Financial, Wheatland Bank and Cashmere Valley Bank. Broad incumbents are Glacier Bancorp, Columbia Banking System, WaFd Bank (Washington Federal) and Umpqua Bank. First Interstate Bank is listed as a regional player.
Does RiverBank have an API?
No public API is recorded for RiverBank.
What industry is RiverBank in?
RiverBank's product category is Community Banking. Its primary akta.pro industry code is FSAKAGAI, SBA/Government-Backed & Development Finance Loans. Its NAICS code is 52211 and its SIC code is 6022.