Meredith Village Savings Bank

What Meredith Village Savings Bank does

Meredith Village Savings Bank (MVSB) is a mutual savings bank founded in 1869 and headquartered in Meredith, New Hampshire, operating 14 branches across the state plus 2 additional ATM locations, with regional reach extending into York County, Maine for business lending. The institution serves individual consumers and small-to-medium businesses with a full suite of retail banking products: five tiers of checking accounts (Premier, Mutual Benefits, Senior, Better, Bank On Certified); savings, money market, CD, IRA, and HSA products; comprehensive home lending including mortgages, construction loans, HELOCs, ADU financing, plus specialty programs for medical and university professionals and reverse mortgages; and personal lending covering vehicle, boat/RV, solar, energy, and home improvement loans.

MVSB's business model rests primarily on net interest margin from lending and deposit spread, supplemented by fee streams including overdraft/Courtesy Pay charges ($32.50 per item, capped at 4 daily), Mutual Benefits monthly membership subscriptions ($3-$9), safe deposit box rentals ($40-$224 annually), and credit card interchange via a TCM Bank partnership. A distinctive ecosystem layer is the Mutual Benefits Program, which bundles identity theft monitoring, travel discounts (via Generations Gold), and access to 60+ local New Hampshire business partner discounts.

The distribution model combines physical branch presence with a digital banking suite (online, mobile app, telephone banking, Zelle, mobile wallets, CardSwap, DocuSign-enabled loan applications) and a Business Express Lending platform for expedited SMB loans ($10K-$100K). MVSB is part of the New Hampshire Mutual Bancorp family of affiliated community banks (Merrimack County Savings Bank, Savings Bank of Walpole) and operates a wealth management affiliate through NHTrust Financial Advisors. The bank is FDIC-insured and holds a New Hampshire state charter.

Name

Meredith Village Savings Bank

Legal name

Meredith Village Savings Bank

Website

https://mvsb.com

Company type

Private

Founded year

1869

Operating status

Operating

Headcount range

101–250 employees

Short description

Meredith Village Savings Bank is a New Hampshire-based mutual savings bank serving individuals, families, and small businesses across 14 branches with checking, savings, mortgage, personal lending, business lending, and a tiered Mutual Benefits membership rewards program.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

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

SIC

Savings Institutions, Not Federally Chartered (6036), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Retail banking services
• Community savings bank
• Home lending products
• Small business lending
• Mobile banking

Headquarters

HQ city

Meredith

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Primary revenue from interest earned on mortgage loans, personal loans, business loans, and lines of credit
2. Deposit Interest Spread: Interest earned on customer deposits (checking, savings, money market, CDs) with interest paid to depositors
3. Mutual Benefits Membership Fees: Monthly subscription fees for identity theft protection and discount programs ($3-$9 per month depending on tier)
4. Credit Card Fees: Interchange and fees from issued credit cards through TCM Bank partnership
5. Overdraft and Courtesy Pay Fees: Fees charged for overdraft protection services and Courtesy Pay program usage
6. Safe Deposit Box Rental: Annual rental fees for safe deposit boxes ranging from $40-$224
7. Service and Maintenance Fees: Monthly service charges and various banking service fees

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Meredith Village Savings Bank is a mutual community savings bank providing personal and business banking services through 14 New Hampshire branches plus digital channels. Core offerings include consumer checking and savings accounts (Premier, Mutual Benefits, Senior, Better, and Bank On Certified Checking; savings, money market, CDs, IRAs, HSAs), home lending (purchase mortgages, construction loans, home equity lines and loans, reverse mortgages, and specialized programs for medical and university professionals), personal lending (auto, boat, RV, home improvement, solar, and energy loans), and business banking (commercial loans, SBA loans, Business Express Lending up to $100,000, business checking, and credit cards). The bank also operates the Mutual Benefits membership program offering identity theft protection and discounts at over 60 local partner businesses.

Product overview

Meredith Village Savings Bank (MVSB) is a community bank offering a unified portfolio of personal and business banking products. Personal banking includes multiple checking account options (Premier Checking, Mutual Benefits Checking, Senior Checking, Better Checking, Bank On Certified Checking), savings accounts (Everyday Savings, Youth Savings, Goal-Setter Savings, Health Savings Accounts, Certificates of Deposit, Individual Retirement Accounts), money market accounts (Everyday Money Market, Premier Money Market), home lending products (Home Mortgages, Home Construction Loans with one-time closing, Home Equity Loans, HELOCs, ADU Loans, University Professional Loans, Medical Professional Loans, Reverse Mortgages), personal lending (Vehicle Loans, Boat/RV Loans, Collateral Loans, Unsecured Home Improvement Loans, Solar Loans, Energy Loans), and credit cards issued through TCM Bank (Visa cards including Cash Rewards, Excursion, Rewards, Platinum Edition, Secured Platinum). Business banking includes Business Checking, Business Express Lending (up to $100,000), Commercial Loans, SBA Loans, CareWork Loan Program for childcare providers, and Business Credit Cards. Additional services include Online/Mobile/Telephone Banking, GOALS savings automation, Mutual Benefits membership program (tiered Perks/Perks & Protection/Premier Perks & Protection with identity theft protection, travel discounts, and cash back), Student Loans through Granite Edvance, Safe Deposit Boxes, and overdraft protection (Transfer Account Protection, CheckReserve Line of Credit, Courtesy Pay).

Differentiator

Problem solved

Functional benefit

Brands

• Mutual Benefits Program: A unique discount membership program offering savings on dining, shopping, travel, healthcare services, and identity theft protection for personal checking account customers.

Products and services

• Premier Checking Premier personal checking account for consumers requiring $10 minimum to open, paying interest on balances of $500 or more, with complimentary checks, discounts on consumer loans with autopay, and a monthly fee waived at $15,000 combined balances.
• Mutual Benefits Checking Personal checking account that includes the Mutual Benefits Perks & Protection membership (identity theft security, restoration services, travel discounts, purchase protection, cellular care). $6 monthly fee waived at $10,000 combined balance.
• Senior Checking Personal checking account designed for customers 62 and older with no monthly service charge, interest earned on balances over $100, and a $750 Courtesy Pay limit.
• Better Checking Simple consumer checking account with no monthly service charge, interest-bearing balances, and a $500 Courtesy Pay limit.
• Bank On Certified Checking Bank On-certified checking account targeting financially underserved customers with fee waivers on returned items, deposited items, transfers, inactivity, early closing, and escheatment.
• High Yield Savings Tiered high-yield personal savings account offering variable rates up to 3.40% APY for balances of $500,000 or more; $100 minimum to open with no monthly fee disclosed.
• Everyday Savings Standard personal savings account for everyday savings needs.
• Youth Savings Personal savings account targeted at youth and minor depositors.
• Everyday Money Market Standard personal money market account offering tiered interest rates with check-writing or debit-card access.
• Premier Money Market Premier-tier personal money market account offering enhanced rates and features for customers maintaining higher balances or Premier Checking relationships.
• Certificates of Deposit (CDs) Term deposit products offered in multiple maturities including 6-month (3.30% / 3.35% APY), 9-month (3.49% / 3.55% APY), and 1-year (3.06% / 3.10% APY), with $500 minimum opening and earning balances.
• Individual Retirement Account (IRA) Tax-advantaged retirement savings account offered to personal banking customers.
• Health Savings Account (HSA) Tax-advantaged health savings account for individuals with high-deductible health plans.
• Home Mortgages Residential first-lien purchase and refinance mortgages including VA, FHA, NH Housing, USDA, and conventional programs, with first-time homebuyer education and assistance.
• Home Construction Loans Single-time-close construction loans that convert to permanent mortgages upon completion of construction, for primary residence or second-home projects.
• Home Equity Loans and Lines of Credit (HELOC) Fixed-rate home equity loans and revolving home equity lines of credit (HELOCs) for homeowners seeking to borrow against property equity.
• Accessory Dwelling Unit (ADU) Loans Specialized lending program for homeowners financing the construction of accessory dwelling units (ADUs) on existing residential properties.
• University Professional Loans Specialized mortgage program for university professors, faculty, and researchers accommodating non-traditional employment patterns, with pre-approval up to 90 days before job start date.
• Medical Professional Loans Specialized mortgage program for licensed doctors, dentists, medical residents, and fellows addressing student debt, residency/fellowship income, and practice establishment timelines.
• Reverse Mortgages Reverse mortgages enabling homeowners aged 62 and older to convert home equity into income or a line of credit while remaining in their homes.
• Vehicle Loans Auto loans with APRs ranging 7.50%-10.25% depending on vehicle year, available in terms up to 84 months for new and used vehicles.
• Boat and RV Loans Collateralized consumer loans for boat and recreational vehicle purchases.
• Unsecured Home Improvement Loans Unsecured home improvement loans at 9.25% APR over 84-month terms with a $75 processing fee.
• Solar Loans Specialty consumer loan product for financing residential solar and renewable energy installations.
• Energy Loans Specialty consumer loan product for financing residential energy efficiency upgrades and improvements.
• MVSB Visa Credit Cards Co-branded Visa credit card portfolio (Cash Rewards Platinum, Excursion Visa Signature, Rewards Platinum, Visa Signature, Platinum Edition, and Secured Platinum) issued through TCM Bank, N.A. for personal banking customers.
• MVSB Business Visa Credit Cards Business Visa credit card suite (Business Cash Rewards, Business Rewards, Business Edition, and Company Rewards Charge Card) issued through TCM Bank, N.A. for commercial banking customers.
• Business Checking Business checking account for small and medium businesses, opened through MVSB's online business account opening portal.
• Business Express Lending Online business lending platform providing expedited term loans and lines of credit from $10,000 to $100,000 for qualifying small businesses in New Hampshire and York County, Maine.
• Commercial Loans Full-service commercial loans for working capital, equipment financing, leasehold improvements, and business expansion, supported by DocuSign-based online application workflows.
• SBA Loans SBA-guaranteed loans for qualifying small businesses, originated by MVSB's commercial lending team.
• CareWork Loan Program Specialty lending program developed with childcare organization A Place to Grow, providing financing for licensed New Hampshire childcare providers establishing or expanding child-focused centers (startup costs, equipment, leasehold improvements, working capital).
• Student Loans (Granite Edvance) Referral-based student loan and refinancing offering in partnership with NH nonprofit Granite Edvance, featuring no origination fees, automatic payment discounts, and cosigner release options.
• Online, Mobile and Telephone Banking Digital banking services including web-based online banking, iOS/Android mobile apps (with mobile deposit, FaceID/TouchID login, Apple Watch access), and 24-hour automated and live telephone banking.
• Safe Deposit Boxes Annual safe deposit box rentals available in sizes ranging from 2x5x21 inches ($40/year) to 15x10x21 inches ($224/year), with a $5 discount for auto-pay from an MVSB account.
• Courtesy Pay Overdraft Program Overdraft coverage program with courtesy pay limits ranging from $500 to $1,000 based on account type, with $32.50 per-item overdraft fees and a maximum of 4 overdraft fees per account per day.
• CheckReserve Line of Credit Revolving overdraft protection line of credit priced at 15% APR, with $30 annual fee, credit limits from $500 to $5,000, and automatic transfers in $100 increments to a linked checking account.
• Transfer Account Protection Overdraft protection service that automatically transfers funds from a linked MVSB savings account to a checking account to cover overdrafts.
• Mutual Benefits Program Tiered subscription-based membership program (Perks at $3/month, Perks & Protection at $6/month, Premier Perks & Protection at $9/month) offering identity theft monitoring, travel discounts, and savings at over 60 local partner businesses, bundled with Mutual Benefits Checking.

Quantifiable outcome

• Up to $4,000+ annual savings per family through Mutual Benefits program
• +1 more outcomes

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Granite EdvancecoreGTM or Marketing PartnerNH-based nonprofit partnership connecting community members to student loan and refinancing products. Granite Edvance offers responsible student lending with no origination fees, automatic payment discounts, and cosigner release options. Proceeds reinvest into NH scholarships and grants.
• A Place to GrowcoreStrategic or Co-development PartnerNH-based childcare organization collaborating with MVSB on the CareWork Loan Program, specifically designed for licensed childcare providers to establish and grow sustainable child-focused centers in their communities.
• Generations Gold, Inc. (GenGold)coreTechnology or IntegrationIndependent third-party provider of travel and discount services for Mutual Benefits members. Provides exclusive travel discounts on airfare, hotels, cruises, car rentals, and condo vacations. All liabilities and claims are direct responsibility of GenGold.
• Merrimack County Savings BankminorChannel Partner/ Reseller/ DistributorSister bank within the New Hampshire Mutual Bancorp family. MVSB customers receive surcharge-free access to Merrimack County Savings Bank ATMs under reciprocity agreement.
• Savings Bank of WalpoleminorChannel Partner/ Reseller/ DistributorSister bank within the New Hampshire Mutual Bancorp family. MVSB customers receive surcharge-free access to Savings Bank of Walpole ATMs under reciprocity agreement.
• Franklin Savings BankminorChannel Partner/ Reseller/ DistributorThrough reciprocity agreement, MVSB customers can use Franklin Savings Bank ATMs without additional charge.
• NHTrust Financial AdvisorscoreStrategic or Co-development PartnerWealth management affiliate providing investment services. Premier Checking account holders with investment relationship receive complimentary benefits including waived monthly service charges.
• TCM Bank, N.A.coreChannel Partner/ Reseller/ DistributorIssues credit cards offered through MVSB including Cash Rewards, Excursion, Rewards Platinum, Visa Signature, Platinum Edition, and Secured Platinum cards.
• Local Realtor NetworkminorChannel Partner/ Reseller/ DistributorOver 30 local real estate agencies in NH Lakes Region recommended to homebuyers, including Keller Williams, RE/MAX, Roche Realty, Maxfield Real Estate, and others.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Merrimack County Savings Bank: Sister mutual savings bank within the New Hampshire Mutual Bancorp family. Operates the same mutual savings bank model across central/southern NH, sharing surcharge-free ATM access with MVSB and participating in joint affiliate governance.
• Savings Bank of Walpole: Another sister mutual savings bank within NH Mutual Bancorp. Comparable product set and NH community focus, with reciprocal surcharge-free ATM access to MVSB depositors.
• Franklin Savings Bank: NH-based community savings bank participating in the MVSB surcharge-free ATM reciprocity network. Similar mutual savings bank charter and Lakes Region / central NH customer focus.
• Mascoma Bank: NH-headquartered mutual savings bank owned by Mascoma Mutual Financial Services. Operates with a similar community-bank playbook across NH/VT, making it a direct comparable for model and product mix.
• Lake Sunapee Bank Group: NH-anchored community bank (formerly mutual) with branch presence overlapping the MVSB territory; similar mix of consumer, mortgage, and small business lending.
• Service Credit Union: Large NH-headquartered credit union with member-based deposit and consumer/mortgage lending competing for the same household customer base as MVSB in central/southern NH.
• Northeast Credit Union: NH-based credit union offering consumer deposits, mortgages, and small business products across the same geography. Alternative financial institution for many of MVSB's target households.

Regional players

• Bar Harbor Bankshares: ME-headquartered community bank holding company with NH branch overlap (including York County, ME — an MVSB market). Comparable size, community-bank approach, and geographic spread.

Broad incumbents

• Citizens Bank: Large regional bank with significant NH branch and digital presence. Competes with MVSB on deposit gathering, mortgages, and small business banking, but offers broader national scale.
• TD Bank (TD Banknorth): Major regional bank with deep NH retail presence. Same retail deposit and small business competition set as MVSB, but with broader product portfolio and brand resources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MeredithVillageSavingsBank
• LinkedInlinkedin.com/company/meredith-village-savings-bank
• Instagraminstagram.com/meredithvillagesavingsbank
• Xx.com/MVSBank

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 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 Meredith Village Savings Bank