Ledyard National Bank

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.

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

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

• Community banking services
• Personal banking products
• Commercial lending solutions
• Wealth management advisory
• Small business banking

Headquarters

HQ city

Hanover

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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.
3. Banking Fees and Service Charges: Non-interest fee income from checking accounts, ATM fees, wire transfers, overdraft protection, and other banking services.
4. 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

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• NarmicoreTechnology or Integration · 20 April 2024Digital 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 InstitutionscoreTechnology or IntegrationSecurities 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.
• HeartlandcoreChannel Partner/ Reseller/ DistributorPayroll services partnership providing comprehensive payroll processing, HR solutions, time and attendance, ACA reporting, and compliance management for business banking clients.
• Dartmouth College AthleticsminorGTM or Marketing PartnerOfficial Banking Partner relationship providing banking services to Dartmouth College athletics department and associated staff and programs.
• Vital CommunitiesminorGTM or Marketing PartnerCorporate Council membership supporting regional Upper Valley economic development initiatives, workforce housing, and local economy strengthening programs.
• Fiserv (CardConnect)coreTechnology or IntegrationTechnology 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

Direct 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

• Facebookfacebook.com/Ledyardbank
• LinkedInlinkedin.com/company/ledyard-national-bank
• Instagraminstagram.com/ledyardbank
• Xx.com/ledyardbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 Ledyard National Bank