Ledyard National Bank
- Company typePublic
- Founded1991
- HeadquartersHanover, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Ledyard National Bank does
Ledyard National Bank (operating as "Ledyard Bank") is a community bank founded in 1991, headquartered in Hanover, New Hampshire, and publicly traded on OTCQX under ticker LFGP through its holding company Ledyard Financial Group, Inc. The bank provides personal banking (checking, savings, money markets, CDs, mortgages, consumer loans), business banking (checking, commercial loans, cash management, payroll services via Heartland), private banking for executives and healthcare professionals, and wealth management through its Ledyard Financial Advisors division. It serves individual consumers, small-to-medium businesses, healthcare professionals, and non-profit organizations across New Hampshire and Vermont through approximately six financial centers and the Onward digital banking platform, which integrates mobile/online banking with Fiserv-powered CardConnect, TransUnion-powered CreditSense, and Zelle payment functionality.
Underlying technology is delivered primarily through partnerships rather than proprietary development: the Onward digital hub is built on Narmi's digital account opening and banking platform (launched April 2024), card management runs on Fiserv/CardConnect, credit monitoring uses TransUnion data via the VantageScore 3.0 model, wealth management operates on Osaic Institutions and TrustReporter systems, and deposit placement leverages IntraFi's ICS/CDARS networks. The bank holds no documented proprietary AI/ML capabilities and no patents. Revenue is generated through net interest income (mortgages, commercial loans, consumer loans, credit cards, net of deposit costs), wealth management fees (Ledyard Financial Advisors managing over $1.8B in client assets), banking fees and service charges, and cash management/treasury services fees, with publicly disclosed promotional rates on money market accounts (up to 3.25% APY) and CDs (up to 3.40% APY). Distribution combines a relationship-led branch model across the Upper Valley, Concord, Lake Sunapee, and southern New Hampshire (Bedford) regions with self-serve digital channels, supported by community marketing, the Women with Purpose networking program, and workplace culture awards as employer brand differentiators.
Ledyard National Bank firmographics
Firmographics- Name
- Ledyard National Bank
- Legal name
- Ledyard National Bank
- Website
- https://ledyardbank.com
- Company type
- Public
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Ledyard National Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- High-Net-Worth (HNW) Private Banking (FSABADAB)
- akta.pro secondary industries
- Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA), Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)
Keywords
Where Ledyard National Bank is headquartered
LocationHeadquarters
- HQ city
- Hanover
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Ledyard National Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Net Interest Income: Interest income from loan portfolio including mortgages, commercial loans, consumer loans, and credit cards, minus interest paid on deposits. Primary revenue driver for the community bank.
- Wealth Management Revenue: Fee-based revenue from investment advisory services, financial planning, and portfolio management through Ledyard Financial Advisors division managing over $1.8 billion in client assets.
- Banking Fees and Service Charges: Non-interest fee income from checking accounts, ATM fees, wire transfers, overdraft protection, and other banking services.
- Cash Management and Treasury Services: Fees from business cash management services including ACH processing, wire services, positive pay fraud protection, remote deposit capture, and payroll services through Heartland partnership.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Live Better Money Market: up to 3.25% APY |
| One time/ perpetual license | Pay-as-you-go | Make Life Better CD: up to 3.40% APY |
| Subscription | Monthly | Platinum Banking Package |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Ledyard National Bank product offering
Product offeringCore offering
Ledyard National Bank is a regional community bank providing personal banking (checking, savings, money market, CDs, mortgages, consumer loans, credit cards), business banking (checking, commercial loans, credit cards, cash management, payroll services), private banking for executives and professionals, and wealth management/investment advisory through Ledyard Financial Advisors. It serves New Hampshire and Vermont markets through physical financial centers and the Onward digital banking platform.
Product overview
Ledyard Bank (operating as Ledyard National Bank) operates as a regional community bank offering a unified multi-channel banking platform. The core product portfolio spans personal banking (checking, savings, money markets, CDs, mortgages, consumer loans), business banking (checking, loans, credit cards, cash management), private banking (tailored services for executives and high-net-worth individuals), and wealth management (investment and advisory services through Osaic Institutions). Digital capabilities are consolidated in the Onward Digital Hub, which integrates mobile/online banking, CardConnect (card management powered by Fiserv), CreditSense (TransUnion credit monitoring), Zelle payments, and MoneyMap financial tracking. Specialized programs include Healthcare Banking for medical professionals, Women with Purpose networking, and Everyday Heroes Loans for community servants. The bank serves New Hampshire and Vermont markets with physical financial centers augmented by comprehensive digital services.
Differentiator
Problem solved
Functional benefit
Brands
- Ledyard Financial Advisors: Wealth management division of Ledyard National Bank managing client assets
- Onward
- Women with Purpose
- CardConnect
- CreditSense
Products and services
- Personal Checking Accounts
Quantifiable outcome
- Total assets surpassed $1 billion milestone
- +4 more outcomes
Companies that use Ledyard National Bank
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles5 records
Ledyard National Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature4 records
Ledyard National Bank partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- NarmicoreDigital banking platform partnership for consumer and business digital account opening solutions. Successfully launched Narmi's Consumer and Business Digital Account Opening solutions to enhance client experience with modern digital banking tools.
- Osaic InstitutionscoreSecurities and investment services partnership through which Ledyard Financial Advisors operates. Provides investment products through Osaic Institutions, Inc. Member FINRA/SIPC, offering wealth management, advisory, and brokerage services to bank clients.
- HeartlandcorePayroll services partnership providing comprehensive payroll processing, HR solutions, time and attendance, ACA reporting, and compliance management for business banking clients.
- Dartmouth College AthleticsminorOfficial Banking Partner relationship providing banking services to Dartmouth College athletics department and associated staff and programs.
- Vital CommunitiesminorCorporate Council membership supporting regional Upper Valley economic development initiatives, workforce housing, and local economy strengthening programs.
- Fiserv (CardConnect)coreTechnology partnership for CardConnect debit card management and fraud protection services integrated into the Ledyard Mobile App.
Scale indicators7 records
Recent moves12 records
Expansion highlights5 records
Ledyard National Bank competitors and assessment
Company assessmentDirect peers
- Passumpsic Savings Bank: Vermont-based community bank serving the Northeast Kingdom and Upper Valley with personal, business, and digital banking. Overlapping regional footprint and community-bank positioning.
- Bar Harbor Bankshares: Public community bank holding company serving northern New England with a comparable mix of personal, business, and wealth management services. Direct peer given overlapping footprint, scale (~$3B+ in assets), and similar business model.
- Woodsville Guaranty Savings Bank: Mutual community bank serving northern New Hampshire and Vermont with personal, business, and mortgage lending. Comparable small-scale community bank model in the same NH/VT corridor.
- Lake Sunapee Bank, N.A. New Hampshire-chartered community bank serving the Lake Sunapee and Upper Valley regions with personal, business, and wealth services. Direct regional peer with overlapping service area.
- Northway Bank (Northway Financial): New Hampshire-based community bank providing personal, business, and commercial banking across the state. Direct geographic peer with overlapping NH footprint and comparable product mix.
- Mascoma Bank (MHC Bancorp): Community bank serving New Hampshire's Upper Valley and surrounding regions with personal, business, and mortgage banking. Direct peer in the same Upper Valley market and similar community-bank positioning.
- Camden National Bank: Public community bank holding company (CAC) operating across northern New England with similar personal, business, and wealth management offerings. Comparable scale and public-market profile.
Others
- Fiserv: Core technology provider whose CardConnect platform powers Ledyard's debit card management. Included as a relevant ecosystem/comparison point given Ledyard's reliance on Fiserv for card and digital infrastructure.
Regional players
- Northeast Community Bancorp: Public community bank holding company serving the New York / New England region. Similar asset scale (~$1B) and public-market profile, useful as a size and structure comparable.
- Connecticut Community Bank: New England community bank offering personal, business, and wealth services similar to Ledyard's. Comparable in size and community-bank focus, but operating in a different (Connecticut) geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Ledyard National Bank social profiles
Digital presenceLedyard National Bank compliance and trust
Trust signalCompliance3 records
Ledyard National Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ledyard National Bank leadership team
Management profileNumber of profiles
Profiles14 records
Ledyard National Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Ledyard National Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ledyard National Bank 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 Ledyard National Bank
What does Ledyard National Bank do?
Ledyard National Bank is a regional community bank providing personal banking (checking, savings, money market, CDs, mortgages, consumer loans, credit cards), business banking (checking, commercial loans, credit cards, cash management, payroll services), private banking for executives and professionals, and wealth management/investment advisory through Ledyard Financial Advisors. It serves New Hampshire and Vermont markets through physical financial centers and the Onward digital banking platform.
Is Ledyard National Bank a public or private company?
Ledyard National Bank is a public company. It is classified as public and is currently operating.
When was Ledyard National Bank founded?
Ledyard National Bank was founded in 1991. It employs 51 to 100 people.
Where is Ledyard National Bank based?
Ledyard National Bank is headquartered in Hanover, United States, in the North America region.
How does Ledyard National Bank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are wealth Management Revenue, banking Fees and Service Charges and cash Management and Treasury Services.
Who are Ledyard National Bank's main competitors?
Direct peers on record are Passumpsic Savings Bank, Bar Harbor Bankshares, Woodsville Guaranty Savings Bank, Lake Sunapee Bank, N.A., Northway Bank (Northway Financial), Mascoma Bank (MHC Bancorp) and Camden National Bank. Fiserv is listed as an others. Regional players are Northeast Community Bancorp and Connecticut Community Bank.
Does Ledyard National Bank have an API?
No public API is recorded for Ledyard National Bank.
What industry is Ledyard National Bank in?
Ledyard National Bank's product category is Community Banking. Its primary akta.pro industry code is FSABADAB, High-Net-Worth (HNW) Private Banking, with a secondary code of FSAAABAA, Onshore Private Banking (Domestic HNW/UHNW). Its NAICS code is 522110 and its SIC code is 6021.