Haven Savings Bank

What Haven Savings Bank does

Haven Savings Bank is a privately held community bank headquartered in Hoboken, New Jersey, founded in 1938 as Haven Building & Loan Association and operating under FDIC insurance and NMLS mortgage lender licensing (#663144). The bank operates nine branch locations across Bergen, Union, Hudson, Morris, Passaic, and Essex counties in northern and central New Jersey, with total assets approaching $1 billion and a staff of 51-100 employees. Its distribution is anchored by physical branches supplemented by online and mobile banking applications, plus surcharge-free ATM access through the Allpoint (50,000+ locations) and MoneyPass networks.

The bank's product set spans consumer and small business banking. Consumer offerings include four checking account variants (Lighthouse 360, Beacon, Everyday, and Interest Checking), savings and money market accounts, CDs/IRAs (3 months to 10 years), fixed and adjustable-rate residential mortgages with a $1.5M maximum loan size, home equity loans and lines of credit, and three CRA-targeted mortgage programs for low-to-moderate-income borrowers. Commercial offerings include business checking and money market accounts, commercial real estate loans ($750K-$6M), construction loans, business lines of credit, and cash management services (ACH origination, wire transfers, positive pay, remote deposit capture). Vertical-specialized platforms include ZEscrow (digital escrow/sub-account management for attorneys, title companies, property managers, landlords) and ZRent (automatic rent collection). Credit cards are issued through Elan Financial Services, and merchant card processing is offered via Payroc. Underlying technology is a mix of proprietary platforms (ZEscrow, ZRent) and partner integrations (Zelle for P2P, CardValet for card controls, IntraFi/CDARS for large-deposit FDIC coverage), with no disclosed AI/ML capabilities.

Revenue is generated primarily through net interest income on the deposit and lending book, supplemented by interchange fees on Elan-issued Visa cards, merchant processing residuals from Payroc, and traditional banking fees (overdraft, wire, maintenance, safe deposit box). The bank employs a hybrid go-to-market combining branch-based relationship banking, online account opening via its "eopen.myvirtualbranch.com" portal, and direct commercial lending officers based in Hoboken and New Providence. Customer segments are individual consumers, small-to-medium businesses across northern New Jersey, and a niche vertical of property managers, landlords, and attorneys using ZEscrow/ZRent. Marketing relies on community sponsorships, local events (Sinatra Sing-Off, Women's Day Business Summit), direct mail/email, and the bank's corporate website.

Name

Haven Savings Bank

Legal name

Haven Savings Bank

Website

https://havenbank.com

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

51–100 employees

Short description

Haven Savings Bank is a privately held community bank founded in 1938 in Hoboken, NJ, operating nine branches across northern New Jersey with assets approaching $1 billion. It serves retail consumers, small-to-medium businesses, and property managers/attorneys with deposits, mortgages, commercial lending, and specialized escrow platforms.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

Savings Institutions, Not Federally Chartered (6036), State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking
• Retail deposits
• Mortgage lending
• Commercial lending
• Consumer savings

Headquarters

HQ city

Hoboken

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Deposit Taking: Accepts deposits including checking accounts, savings accounts, money market accounts, and certificates of deposit. Interest is paid on deposits at varying rates based on account type and balance.
2. Lending Operations: Provides residential mortgages, commercial real estate loans, business loans, and home equity products. Generates interest income from loan portfolios.
3. Credit Cards: Issues Visa credit cards for personal and business customers through partnership with Elan Financial Services. Earns interchange fees on card transactions.
4. Merchant Card Processing: Through Payroc partnership, provides electronic payment solutions for business customers including point-of-sale hardware, e-commerce processing, and B2B wholesale rates.
5. Fee-Based Services: Various banking fees including overdraft fees, maintenance fees, wire transfer fees, and safe deposit box rentals.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels3 records

Core offering

Haven Savings Bank is a community bank providing personal and business deposit products (checking, savings, money market, certificates of deposit), consumer lending products (residential mortgages, home equity loans and lines of credit), and commercial lending products (commercial real estate, business loans and lines of credit) through nine branches in northern and central New Jersey. It supplements in-branch service with online and mobile banking, Zelle person-to-person payments, and treasury/digital banking tools for small businesses and landlords.

Product overview

Haven Savings Bank is a community bank offering a comprehensive suite of retail and commercial banking products and services. The core personal banking lineup includes multiple checking account options (Lighthouse 360 Checking, Beacon Checking, Everyday Checking, Interest Checking), savings accounts (Safe Haven Relationship Savings, E-Statement Savings, Statement Savings, Step-Up Money Market), and CDs/IRAs with terms from 3 months to 10 years. For mortgages, the bank provides fixed and adjustable rate residential loans, home equity loans, and the H.E.L.P. line of credit, along with special CRA programs (First Time Homebuyers, Dream-to-Reality, Community Outreach) for qualified NJ borrowers. Commercial banking services encompass commercial real estate loans ($750K-$6M), construction loans, business lines of credit, and specialized services including ZEscrow for escrow management and ZRent for rent collection. Digital banking platforms include online and mobile banking with Zelle person-to-person payments, CardValet card management, mobile check deposit, and comprehensive cash management services for business customers. The bank also participates in Allpoint and MoneyPass ATM networks and offers FDIC protection through the IntraFi network (CDARS/ICS).

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Checking accounts for individuals and households in northern and central New Jersey, accessed via branch, online, and mobile banking channels.
• Personal Savings and Money Market Accounts Tiered-interest savings and money market deposit accounts for individual customers, supporting everyday liquidity and longer-term savings goals.
• Certificates of Deposit (CDs) Fixed-term, fixed-rate certificates of deposit offered to consumer customers seeking higher yields on locked-in savings balances.
• Residential Mortgages Home purchase and refinance mortgage loans for consumers in the bank's northern and central New Jersey footprint.
• Home Equity Loans and Lines of Credit Secured loans and revolving lines of credit using primary or secondary residence as collateral, offered to consumer customers.
• Business Banking and Treasury Management Business checking, treasury management, and digital banking tools for small and mid-sized businesses in the bank's New Jersey footprint.
• Commercial Loans and Lines of Credit Term loans and revolving lines of credit for small and mid-sized businesses, including commercial real estate exposures.

Quantifiable outcome

• 600 PPP loans totaling $33 million provided during COVID-19 pandemic
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• ZellecoreTechnology or IntegrationHaven Savings Bank has partnered with Zelle to offer fast, safe money transfer capabilities directly through online and mobile banking. Customers can send and receive money using just an email address or U.S. mobile number, with transactions typically occurring within minutes. No fees are charged by the bank for Zelle transactions.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services provides credit card processing and issuance services for Haven's Visa credit cards (both personal and business). Elan provides zero fraud liability protection for unauthorized transactions and 24/7 cardmember service.
• PayroccoreTechnology or IntegrationHaven Savings Bank provides merchant card processing services to business customers through partnership with Payroc, offering point-of-sale terminals, mobile processing, e-commerce solutions, and wholesale/B2B pricing options.
• AllpointcoreChannel Partner/ Reseller/ DistributorHaven Savings Bank is a member of the Allpoint network, providing customers access to over 50,000 surcharge-free ATMs across the U.S., including over 5,000 in the tri-state area located in convenience stores, supermarkets, gas stations, and retail outlets.
• MoneyPasscoreChannel Partner/ Reseller/ DistributorHaven Savings Bank customers have access to MoneyPass surcharge-free ATMs in addition to the Allpoint network.
• IntraFi Network (formerly CDARS)coreTechnology or IntegrationHaven Savings Bank is a member of the IntraFi network (formerly CDARS/ICS), enabling FDIC insurance coverage on CD investments exceeding $250,000 by placing funds across multiple member institutions.
• New Jersey Bankers AssociationminorOthersHaven Savings Bank CEO Lisa Franconeri was elected to serve on the Board of Directors of the NJBankers association, which advocates for financial institutions while providing leadership, education, and resources to advance the banking industry statewide.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Spencer Savings Bank: New Jersey-headquartered mutual savings bank of comparable size; offers retail deposits, mortgages and commercial lending with a multi-branch footprint in northern NJ, directly mirroring Haven's model.
• Columbia Bank (NJ): Community-focused bank headquartered in Fair Lawn, NJ serving individuals and SMBs with similar deposit, mortgage and commercial loan products; comparable scale and geographic overlap in northern NJ.
• Lakeland Bank: New Jersey community bank offering consumer and commercial banking including commercial real estate lending; competes with Haven in the northern NJ SMB and deposit market.
• Peapack-Gladstone Bank: Independent NJ-based community bank with retail and commercial banking, mortgage, and wealth services; comparable asset size and similar relationship-driven model in northern/central NJ.
• ConnectOne Bank: New Jersey-headquartered community commercial bank serving similar northern NJ markets with commercial lending and retail deposits; closest competitor profile within a similar asset-size band.
• Magyar Bank: Small NJ community bank in New Brunswick with retail and commercial banking; competes with Haven in the central NJ market for SMB and consumer deposits and mortgages.

Emerging players

• Customers Bank: Pennsylvania-based digital-forward commercial bank offering business banking and treasury management solutions including escrow-style products; provides a tech-enabled competitive benchmark for Haven's ZEscrow/ZRent initiatives.

Broad incumbents

• Valley National Bancorp: Larger NJ-based commercial bank with extensive branch network across northern NJ; offers overlapping deposit and commercial lending products at greater scale, serving as the dominant local incumbent.
• Investors Bank (now part of Citizens): Was a major NJ community bank before being acquired by Citizens; illustrates both the incumbent competitive pressure on smaller NJ banks and the typical M&A exit path for banks at Haven's size.

Regional players

• North Jersey Federal Credit Union: Totowa, NJ-based credit union serving similar northern NJ geographies with consumer deposits, mortgages and consumer loans; non-bank alternative competing for the same retail deposit pool.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/HavenSavingsBank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Haven Savings Bank