Rollstone Bank & Trust

What Rollstone Bank & Trust does

Rollstone Bank & Trust is a 180-year-old community bank (founded 1846) headquartered in Leominster, Massachusetts, operating as a federally chartered mutual savings bank and a subsidiary of River Run Bancorp, MHC since July 1, 2025. It serves individuals, families, small and mid-size businesses, healthcare practices, and nonprofit organizations across North Central Massachusetts through seven branch locations in Fitchburg, Leominster, Harvard, Townsend, and Groton, plus an Operations Center.

The bank's product platform is comprehensive and segmented three ways: Personal Banking (checking, savings, CDs, IRAs, mortgages, home equity, consumer loans, and Visa credit cards via Elan); Commercial Banking (business deposit accounts, SBA Preferred Lender commercial loans, treasury/cash management including ACH origination, wire transfers, Positive Pay, Autobooks invoicing, and merchant card services); and Wealth Management (the only locally based trust department in North Central Massachusetts, offering trust administration, estate planning, investment management, and endowment services). Differentiated retail products include a 40-year fixed-rate first-time homebuyer mortgage, a Flex Home Equity Line with up to three simultaneous fixed-rate conversions, and Federal Home Loan Bank of Boston grant pass-throughs (Equity Builder Program up to $32,099, Housing Our Workforce Program up to $25,000).

Underlying technology is standard Tier-2/3 community bank infrastructure: mobile and online banking platforms (iOS/Android apps, mobile deposit up to $6,000/day, bill pay, person-to-person payments), tokenized mobile wallet support (Apple Pay, Google Pay, Samsung Pay), Business eBanking with Positive Pay and ACH/wire origination, and SMS-based Premium Alerts. Distribution is anchored in physical branches with Saturday hours and a relationship-led sales motion led by named veteran commercial lenders (Tony Rakic, Mike Bovenzi, Dan Kelser, Bobbie Parker) and a dedicated medical practice team (Stacey Palovich, Christopher Connors). The bank generates revenue primarily through net interest income on mortgages, commercial loans, consumer loans, and securities; fee-based non-interest income from deposits, treasury, and card services; and managed-services revenue from trust and wealth management. In June 2025, Rollstone filed a petition to convert from federal savings association to Massachusetts-chartered savings bank.

Name

Rollstone Bank & Trust

Legal name

Rollstone Bank & Trust

Website

https://rollstonebank.com

Company type

Private

Founded year

1846

Operating status

Operating

Headcount range

101–250 employees

Short description

Rollstone Bank & Trust is a 180-year-old federally chartered mutual savings bank in North Central Massachusetts, serving consumers, small and mid-size businesses, healthcare practices, and nonprofits across seven branches with personal banking, commercial lending, SBA loans, treasury management, mortgage products, and the only locally based trust department in the region.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221), Trust, Fiduciary, and Custody Activities (523991), Portfolio Management and Investment Advice (523940)

SIC

Savings Institution, Federally Chartered (6035), Investment Advice (6282)

akta.pro primary industry

Personal & Family Trust Services (FSAAANAA)

akta.pro secondary industries

Escrow, Trust & Agency Services (escrow, paying agent, trustee) (FSABAIAI), Full-Service Retail Brokerage & Wealth Platforms (FSAAAAAA)

Keywords

• Retail banking services
• Community banking
• Mortgage lending
• Commercial lending
• Wealth management services

Headquarters

HQ city

Leominster

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Primary revenue source from interest-earning assets including residential mortgages, commercial loans, consumer loans, and investment securities. Spreads generated across checking, savings, CD, money market, and loan products.
2. Non-Interest Income (Fee-Based): Fees from deposit account maintenance, wire transfers, overdraft protection, mortgage origination, ATM transactions, safe deposit boxes, notary services, foreign currency exchange, credit cards, and cash management services.
3. Wealth Management and Trust Services: Fees from trust administration, estate settlement, estate planning, investment management, and endowment/foundation services for personal and institutional clients.
4. Affordable Homebuyer Program Grants (pass-through): Rollstone facilitates Federal Home Loan Bank of Boston grants including Equity Builder Program (up to $32,099) and Housing Our Workforce (HOW) Program (up to 10% of purchase price/$25,000) for eligible homebuyers.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels5 records

Core offering

Rollstone Bank & Trust is a community bank offering FDIC- and DIF-insured deposit products (checking, savings, money market, CDs, IRAs), residential mortgages (including a unique 40-year fixed-rate first-time homebuyer loan and home equity lines of credit), consumer loans (auto and personal), Visa credit cards, commercial lending (SBA, commercial real estate, lines of credit), business deposit accounts with cash management tools, specialized medical practice financing, and wealth management and trust services. All products are delivered through a 7-branch local network plus online and mobile banking channels across North Central Massachusetts.

Product overview

Rollstone Bank & Trust is a federally chartered mutual savings bank offering a comprehensive, multi-channel banking platform. The core product portfolio spans Personal Banking (checking, savings, CDs, mortgages, consumer loans, credit cards), Commercial Banking (business deposits, commercial loans, cash management, medical lending), and Wealth Management (trust services, estate planning). Digital banking capabilities include online/mobile banking with mobile deposit, mobile wallet integration (Apple Pay, Google Pay, Samsung Pay), and business cash management tools including Autobooks invoicing and Positive Pay fraud protection. The bank operates as part of River Run Bancorp, MHC and maintains 7 branch locations in Central Massachusetts.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Suite of personal checking accounts tailored to different customer segments, including entry-level, senior/student, rewards, and premium relationship accounts with bundled benefits.
• Personal Savings Accounts Personal savings products including Statement Savings, Holiday Club accounts, and tiered Money Market Accounts for flexible savings access.
• Certificates of Deposit (CDs) and IRA Retirement Accounts Insured investment products including Certificates of Deposit with terms from 3 months to 5 years, Traditional IRAs, Roth IRAs, and Coverdell Education Savings Accounts.
• Residential Mortgages Complete residential mortgage lending including fixed-rate mortgages, adjustable-rate mortgages (ARMs), a 40-year fixed-rate first-time homebuyer loan, jumbo loans, construction loans, and bridge loans.
• 40-Year Fixed-Rate Mortgage Unique extended-term first-time homebuyer mortgage with 40-year amortization offering lower monthly payments than traditional 30-year terms.
• Purchase-Rehab Mortgage Loans Single-loan financing for both property purchase and renovation costs, with funds released as renovation work is completed per a customized disbursement schedule.
• Home Improvement Second Mortgage Second mortgage financing for major home construction and renovations that preserves the borrower's existing first mortgage, with interest-only payments during a 12-month construction phase that converts to permanent financing.
• Affordable Homebuyer Programs (Equity Builder & HOW) Down payment and closing cost assistance for eligible first-time homebuyers via Federal Home Loan Bank of Boston's Equity Builder Program (up to $32,099 grant) and Housing Our Workforce Program (up to 10% of purchase price or $25,000).
• Home Equity Flex Line of Credit Variable-rate home equity line of credit allowing borrowers to access funds as needed and lock portions at fixed rates during the draw period, with up to three fixed-rate equity loans simultaneously.
• Consumer Loans Personal lending products including new and used Auto Loans, an Easy Line of Credit (ELOC) for overdraft protection up to $2,500, and Secured Loans backed by RBT savings or CD balances.
• Personal Credit Cards Visa credit card products issued through Elan Financial Services, including balance transfer, cash back, and rewards options with zero fraud liability and 24/7 cardmember service.
• Online & Mobile Banking Consumer digital banking providing 24/7 account access including balance checking, transaction viewing, fund transfers, bill pay, mobile deposit, text alerts, and People Pay P2P payments.
• Mobile Wallet (Apple Pay, Google Pay, Samsung Pay) Contactless payment integration enabling RBT debit cards to be tokenized and used with Apple Pay, Google Pay, and Samsung Pay on smartphones, tablets, and watches.
• Business Deposit Accounts Tiered commercial deposit account suite including Business Checking (low volume), Business Select Checking (higher volume with Treasury Management), and Commercial Checking (large/complex transactions with earnings credit allowance).
• Cash Management Services Treasury and cash management services for businesses including Remote Deposit Capture, Autobooks invoicing/payments, Merchant Credit Card Services, Lockbox Service, Wire Transfers, ACH Origination, Positive Pay fraud protection, and Premium Alerts.
• Positive Pay Check and ACH fraud detection service that compares presented items against the business's issued-check data files, with exception alerts and pay/return decisions plus ACH filtering and blocking options.
• Business eBanking (BeB) Enhanced business online banking platform providing balance management, transaction history, wire transfers, ACH origination, Positive Pay, Remote Deposit, Bill Pay, and mobile banking for small businesses.
• Autobooks (Integrated Invoicing & Payments) Digital invoicing and payment acceptance platform integrated with Rollstone business banking, enabling card and ACH payments, invoicing, and basic accounting automation.
• Medical Practice Lending Specialized financing for healthcare professionals including practice acquisition, medical/dental office real estate loans, equipment financing, practice expansion, working capital, and debt refinancing.
• Commercial Loans Business financing including Lines of Credit, Term/Installment Loans, Commercial Real Estate Loans, and SBA Loans, with Rollstone holding SBA Preferred Lender status for streamlined SBA processing.
• Sign Up Loan Program (Fitchburg Small Business Signage) Small business loan partnership with the City of Fitchburg providing loans to cover the 30% applicant match required for the City's Sign Up Loan signage improvement grant program for small businesses.
• Wealth Management Comprehensive financial planning integrating tax, investment, and insurance strategies, including investment management, trust services, and estate planning for personal and institutional clients.
• Trust Services & Estate Planning Trust administration, estate settlement, estate planning, investment management, and endowment/foundation services administered by Rollstone's dedicated locally-based trust department.
• In-Branch Banking Services In-branch services including Notary Public (free for customers), US Savings Bond Redemption, Medallion Signature Guarantee, Foreign Currency Exchange across 19 currencies, Coin & Currency Ordering, and Safe Deposit Boxes.

Quantifiable outcome

• Full FDIC and DIF insurance coverage on all deposits, providing 100% insurance on customer deposits
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• River Run Opportunity AwardsminorOthers · 6 July 2026Rollstone Bank & Trust, as part of the River Run family, recognizes students choosing career paths that strengthen North Central Massachusetts through the inaugural River Run Opportunity Awards. Supports local workforce development and community investment.
• Federal Home Loan Bank of Boston (FHLB)coreOthers · 1 July 2026Rollstone Bank participates in Federal Home Loan Bank of Boston programs including the Equity Builder Program (up to $32,099 in grants for first-time homebuyers) and the Housing Our Workforce (HOW) Program (up to 10% of purchase price or $25,000 in down payment assistance). These programs enable affordable homeownership for eligible buyers.
• River Run Bancorp, MHCcoreStrategic or Co-development Partner · 1 July 2025Rollstone Bank & Trust officially joined the River Run family on July 1, 2025, after receiving all required regulatory approvals. As part of River Run Bancorp, MHC, Rollstone operates alongside Pentucket Bank and Newburyport Bank with shared resources while maintaining local decision-making. River Run supports the bank's operations with world-class capabilities at the community bank level.
• Fitchburg Art MuseumcoreGTM or Marketing Partner · 13 May 2025Rollstone Bank & Trust committed $100,000 to the Fitchburg Art Museum as part of the museum's Centennial Celebration. This sponsorship ensures free admission for all visitors through 2029. This is one of the bank's largest community sponsorships, demonstrating commitment to arts and culture in North Central Massachusetts.
• NewVue CommunitiesminorGTM or Marketing Partner · 30 January 2025Rollstone Bank & Trust, through its Charitable Foundation, awarded a $15,000 grant to NewVue Communities at the end of 2025 to advance affordable housing and housing stability work across North Central Massachusetts. Supports the bank's CRA and community reinvestment objectives.
• Pentucket BankminorOthersSister bank within the River Run Bancorp, MHC network. Rollstone joined alongside Pentucket Bank and Newburyport Bank as part of the shared-resources River Run family of community banks.
• Newburyport BankminorOthersSister bank within the River Run Bancorp, MHC network. Rollstone joined alongside Newburyport Bank and Pentucket Bank as part of the shared-resources River Run family of community banks.
• City of FitchburgminorStrategic or Co-development PartnerRollstone Bank partnered with the City of Fitchburg to offer the Sign Up Loan Program for small business owners. The City provides up to $10,000 in assistance for eligible businesses to replace defunct, faded signage. RBT offers loans to cover the required 30% applicant match portion, enabling small businesses to access the full benefit.
• BanzaiminorGTM or Marketing PartnerRollstone Bank & Trust partnered with Banzai to offer free online financial education to customers and the community. Banzai provides courses for ages 8-12 (Junior), 13-18 (Teen), and adults (Plus), plus a Wellness Center with articles, calculators, and coaches. This supports the bank's financial literacy and community education mission.
• Campus BoundminorGTM or Marketing PartnerRollstone Bank partnered with Campus Bound, a college advising service, to help families navigate the college selection and financial aid process. Campus Bound provides expert guidance and individualized college advising, referred through Rollstone's financial education resources on the bank's website.

Scale indicators7 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Pentucket Bank: Pentucket Bank is a Massachusetts community bank serving the Merrimack Valley and is a direct sister bank to Rollstone within River Run Bancorp MHC. Both share the same mutual holding company structure, full-service retail and commercial banking model, and trust services, making the two closest operational and strategic comparables.
• Newburyport Bank: Newburyport Bank is the third community bank in the River Run Bancorp MHC family alongside Rollstone and Pentucket. It operates with a similar community-bank model—personal and commercial banking, mortgage, and wealth services—across the North Shore of Massachusetts, making it a tight comparable for benchmarking performance, product mix, and operating leverage.
• Rockland Trust (Independent Bank Corp): Rockland Trust is a publicly traded Massachusetts community bank with branches across the state, including Central Massachusetts. It competes head-to-head with Rollstone for retail deposits, residential mortgages, small-business lending, and wealth management in overlapping geographies, making it the most direct regional competitor.
• Berkshire Hills Bancorp (Berkshire Bank): Berkshire Bank operates a multi-state community banking franchise across Massachusetts, Connecticut, New York, and Vermont, with deposit, mortgage, and wealth management offerings directly comparable to Rollstone's. Its larger scale and recent acquisitions provide a useful upper-end reference point for community-bank valuation and product breadth.
• Cambridge Savings Bank: Cambridge Savings Bank is a Massachusetts-chartered mutual savings bank offering personal and business banking, mortgages, and wealth management. The mutual structure, savings-bank charter, and full-service community model align closely with Rollstone's positioning and target customer segments.
• East Boston Savings Bank (Meridian Bancorp): East Boston Savings Bank is a Massachusetts mutual savings bank with a deep branch network and full personal/commercial banking services. Its mutual charter, deposit-gathering focus, and trust-adjacent offerings provide a strong structural and operational comparable to Rollstone.
• Salem Five Bank: Salem Five is a Massachusetts community bank with personal, business, and mortgage banking across Greater Boston and Central Massachusetts, including communities overlapping Rollstone's footprint. It is a directly comparable mid-size community bank competing for similar deposit, mortgage, and small-business customers.
• Washington Trust (Washington Trust Bancorp): Washington Trust is the largest community bank in the Northeast, operating across Rhode Island, Massachusetts, and Connecticut with full personal, commercial, mortgage, and wealth management services. Its wealth and trust franchise in particular is a strong comparable to Rollstone's locally-based Trust Department.
• Brookline Bancorp (Brookline Bank): Brookline Bank is a Massachusetts community bank offering personal, business, and mortgage banking with a strong deposit-gathering franchise. Its deposit, mortgage, and small-business banking overlap with Rollstone's product set makes it a relevant comparable for community-bank economics in the Greater Boston/Central Massachusetts market.

Regional players

• Reading Cooperative Bank: Reading Cooperative Bank is a Massachusetts cooperative bank operating a similar community-focused personal and small-business banking model north of Boston. While geographically separate from Rollstone, its cooperative/community-bank structure, full-service deposit and mortgage offerings, and mutual-style governance make it a useful comparable for product strategy and operating metrics.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/rollstonebankandtrust
• Instagraminstagram.com/rollstonebank
• Xx.com/rollstonebank
• LinkedInlinkedin.com/company/rollstonebank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 Rollstone Bank & Trust