New Horizon Bank

What New Horizon Bank does

New Horizon Bank, N.A. is a privately held, nationally chartered community bank headquartered in Richmond, Virginia, operating under OCC regulation and FDIC insurance. The bank serves business and personal banking customers across Virginia through five physical locations spanning Richmond, Powhatan, Norfolk, and Northern Virginia (McLean), supported by an enterprise field-sales go-to-market model anchored on dedicated relationship bankers and market leaders.

The bank's product platform is structured around two primary segments. Business Banking offers tiered commercial checking accounts (Small Business Checking, Premier Business Checking, Commercial Analysis Account), commercial lending, SBA 504 loans, and a treasury management suite including ACH Positive Pay, Check Positive Pay, sweeps, wire origination, and Remote Deposit Capture. Personal Banking provides tiered Horizon checking products, savings and money market accounts, CDs, IRAs, mortgages, HELOCs, and home equity loans, delivered through a mobile banking app with native Zelle integration and QuickBooks connectivity. A differentiator is Clearwire, an in-house developed proprietary money movement platform providing secure wire, ACH, and transfer capabilities with configurable fraud-prevention delays and granular permissions. The bank also operates a recently launched Trust and Fiduciary Services division providing personal, corporate, and institutional fiduciary offerings including SPAC escrows, M&A holdbacks, 1031 exchanges, and digital-asset custody partnerships.

Monetization operates through two primary channels: net interest income from the commercial and consumer lending portfolios (commercial loans, mortgages, home equity), supplemented by transaction and account fees on business and personal deposits. Business accounts charge monthly maintenance fees tied to minimum balance thresholds and per-transaction fees above bundled limits, while personal accounts employ tiered pricing across Basic, Silver Interest, and Platinum Horizon accounts. The bank is privately held with no disclosed institutional or PE/VC ownership and pursues a concierge, relationship-led model with multiple senior leadership additions and geographic expansions occurring across 2025-2026.

Name

New Horizon Bank

Legal name

New Horizon Bank, N.A.

Website

https://newhorizonbank.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

New Horizon Bank is a privately held community bank headquartered in Richmond, Virginia, providing commercial and personal banking products to businesses and individuals across Virginia through branches in Richmond, Powhatan, Norfolk, and Northern Virginia.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

Keywords

• Community banking services
• Commercial lending solutions
• Treasury management services
• Personal deposit accounts
• Business checking accounts

Headquarters

HQ city

Powhatan

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: The bank earns interest income from its lending portfolio including commercial loans, mortgages, home equity loans, and personal lending products. This represents the primary revenue stream for the institution.
2. Business Banking Fees: Monthly maintenance fees on business checking accounts (ranging from $10/month based on minimum balance requirements), transaction fees for exceeding monthly transaction limits ($0.35 per item), and various treasury management service fees.
3. Personal Banking Fees: Monthly paper statement fees ($2.00), ATM transaction fees for foreign transactions beyond free allowance, and potential service charges on accounts not meeting minimum balance requirements.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

New Horizon Bank is a community bank that provides commercial and retail banking products and services to Virginia-based businesses and individuals. Its core offerings include business banking (commercial checking, commercial lending, treasury management, SBA 504 loans), personal banking (checking, savings, CDs, IRAs, mortgages, HELOCs, home equity loans), a proprietary Clearwire money movement platform for private banking clients, and trust and fiduciary services (including SPAC escrows, M&A holdbacks, 1031 exchanges, and digital-asset custody partnerships).

Product overview

New Horizon Bank is a community bank offering a unified platform of commercial and retail banking products. The core offerings consist of Business Banking (commercial checking, treasury management, commercial lending, 504 loans) and Personal Banking (checking, savings, CDs, IRAs, mortgages, HELOCs, home equity loans). The bank differentiates through proprietary technology (Clearwire money movement for private banking clients) and relationship-focused concierge service. A new Trust and Fiduciary Services division provides personal/corporate/institutional fiduciary services including specialized products like SPAC escrows, M&A holdbacks, and digital-asset custody. Zelle integration enables P2P payments within the mobile banking platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Banking Commercial banking platform offering tailored financial solutions for businesses, including business checking accounts (Small Business Checking, Premier Business Checking, Commercial Analysis Account), commercial lending, treasury management services, and dedicated relationship banking. Designed for Virginia-based SMBs, mid-market companies, real estate developers, construction firms, and nonprofits.
• Personal Banking Retail banking platform providing checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and personal lending products including mortgages, HELOCs, and home equity loans. Includes mobile banking with Zelle integration for consumers across Virginia.
• Mortgages Home purchase and refinancing loan products with personalized guidance through the mortgage loan process from application to closing. Designed for individuals and families in Virginia markets.
• Home Equity Lines of Credit (HELOCs) Revolving credit lines secured by home equity, allowing flexible access to funds up to a maximum credit limit with variable draw amounts and repayment terms. For homeowners seeking flexible financing.
• Home Equity Loans Fixed-rate loans leveraging home equity for purposes such as home improvements, education investments, or medical expenses. For homeowners in Virginia.
• Personal Savings Accounts Personal savings products including standard savings with automatic transfers, a youth savings account (Horizon Explorers) for customers under 18, and money market accounts with check-writing capabilities. For Virginia retail customers.
• Certificates of Deposit (CDs) Fixed-term deposit accounts allowing retail customers to lock in interest rates for specified periods.
• Individual Retirement Accounts (IRAs) Qualified retirement savings accounts offered through the bank for tax-advantaged retirement savings for individual consumers.
• Business Checking Accounts Tiered business checking account lineup including Small Business Checking ($100 min opening, 200 free transactions), Premier Business Checking ($5,000 min balance to avoid fees, 500 free transactions), and Commercial Analysis Account (unlimited transactions, full treasury services) for Virginia businesses across SMB and mid-market segments.
• Treasury Management Services Comprehensive cash management suite including Multi-Company View, ACH Positive Pay, Check Positive Pay, sweeps, ACH collections/payments, EFTPS, online wire origination, Remote Deposit Capture, and IntraFi sweeps. For Virginia commercial clients requiring sophisticated cash and fraud controls.
• SBA 504 Loans SBA 504 loan program offered in partnership with Certified Development Companies (CDCs), enabling up to 90% financing for owner-occupied real estate purchases, ground-up construction, or refinancing with as little as 10% down payment. For commercial real estate buyers and developers.
• Clearwire Money Movement Platform Proprietary in-house developed money movement technology for private banking clients providing secure wire, ACH, and transfer capabilities with customizable templates for recurring transfers, instant notifications via email/WhatsApp/SMS, configurable transfer delays for fraud prevention, and granular user permissions. NHB-owned technology.
• Trust and Fiduciary Services Fiduciary services division providing personal, corporate, and institutional fiduciary services including trust administration, SPAC escrows, M&A holdbacks, 1031 exchanges, and digital-asset custody partnerships.

Quantifiable outcome

• Approximately 85% of businesses experienced attempted fraud on bank accounts in 2023; Positive Pay and ACH Positive Pay services can prevent altered, forged, or counterfeit check fraud

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Scale indicators3 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• TowneBank: Hampton Roads-based community/regional bank with strong commercial banking, mortgage, and wealth practices; directly overlaps New Horizon's Virginia commercial banking and Richmond/Hampton Roads expansion strategy.
• Burke & Herbert Bank: Virginia-headquartered community bank with long-standing Northern Virginia presence and commercial/retail banking focus. Direct overlap with New Horizon's McLean expansion and relationship banking model.
• First Bank (Virginia / First National Bankers Bank): Virginia-based community bank providing personal, business, and mortgage banking across similar markets with comparable relationship-focused commercial services.
• C&F Financial Corporation (Citizens and Farmers Bank): Virginia-headquartered community banking and mortgage franchise with similar size and mid-Virginia operating footprint. Strong overlap in commercial banking and retail deposit products.
• Blue Ridge Bankshares: Virginia-headquartered community bank with commercial and retail banking across the state. Similar size, regional scope, and commercial lending focus including CRE and construction lending.
• Sonabank (Capital Bancorp / Eastern Virginia Bankshares affiliate): Virginia-based community bank operating in Northern Virginia, Richmond, and Hampton Roads. Mirrors NHB's exact target footprint, commercial banking orientation, and small-to-mid market client profile.
• Atlantic Union Bankshares: Virginia-headquartered regional bank offering commercial and retail banking across Virginia and adjacent states with comparable SMB, CRE, and treasury management services. Atlantic Union is the most directly comparable mid-size Virginia competitor.

Broad incumbents

• Capital One Financial: Large McLean, Virginia-based bank with deep commercial and retail presence in NHB's Northern Virginia market. Competes with NHB for SMB and consumer banking share in the DC metro area.
• Live Oak Bancshares: Publicly traded digitally-led community bank serving SMBs nationally. Comparable in pursuing tech-forward community banking for niche verticals (e.g., Live Oak's SBA lending), though scale and geographic scope are much larger.

Regional players

• Sandy Spring Bank (subsidiary of Sandy Spring Bancorp): Mid-Atlantic community bank focused on Maryland/DC/Virginia with similar commercial banking, wealth, and mortgage offerings. Comparable in mid-Atlantic footprint and relationship-banking approach.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/new-horizon-bank-n.a
• Xx.com/newhorizonbank
• Facebookfacebook.com/NewHorizonBank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Horizon Bank