SSB Bank

What SSB Bank does

SSB Bank is a Pittsburgh-based community bank founded in 1922 as the Slovak Savings and Loan Association and operating today under the SSB Bancorp, Inc. holding company (traded on OTCQX as SSBP). It serves individual consumers, small businesses, non-profits, legal professionals, and first responders across three physical branches in the Northside, McCandless, and Greenfield/Squirrel Hill/Hazelwood neighborhoods, supplemented by web and mobile banking (SSB Bank PGH personal app and SSB Bank Biz for business) on iOS and Android.

The product portfolio covers personal and business deposit products (Kasasa Cash, Kasasa Cash Back, Kasasa Saver, Everyday Free Checking, On-Board Interest Checking, Business Advantage Checking, IOLTA accounts, Christmas Club, Money Market and Premium Money Market Savings, CDs), lending products (purchase and refinance mortgages up to 97% LTV, new construction financing, rehab loans, VA loans, HELOC, personal and auto loans, business vehicle loans, inventory/equipment loans, working capital loans, commercial real estate loans), Visa Platinum credit cards with an 11-cycle 0% introductory APR, merchant processing through a CardChamp partnership with Clover and QuickBooks integration, and SBA PPP loan servicing. Notable technology differentiators include a multi-layer authentication security stack (one more layer than typical large banks), mobile picture deposit for consumers, Remote Deposit Capture for business customers, and digital wallet support across Apple Pay, Samsung Pay, and Google Pay.

Revenue mechanics follow a traditional community-banking model. Interest income on loans (mortgages, consumer, auto, commercial real estate, business) is the primary revenue stream, supplemented by the net interest spread on deposits, credit card fees (including balance-transfer and cash-advance fees), commercial and business lending origination fees, and merchant processing fees from the CardChamp partnership. Competitive pricing — including 4.59% APY Kasasa Cash checking, 5.12% APY America's Finest checking for first responders, and market-leading CD specials — supports a relationship-led, sales-driven go-to-market model executed through branch staff and dedicated loan officers across consumer, mortgage, and commercial lending verticals. The bank has won 7 of 8 PCRG Lender Awards for inclusive lending, supports over 100 community organizations, and positions quick local credit decisions (often within 24 hours) as the primary differentiator against national banks.

Name

SSB Bank

Legal name

SSB Bank

Website

https://ssbpgh.com

Company type

Public

Founded year

1922

Operating status

Operating

Headcount range

11–50 employees

Short description

SSB Bank is a Pittsburgh community bank founded in 1922 that operates three branches and serves individual consumers, small businesses, non-profits, and legal professionals with deposit products, mortgages, consumer and commercial loans, and merchant processing across the Pittsburgh metro.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

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

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industries

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Retail deposit accounts
• Consumer mortgage lending
• Commercial lending services
• Merchant card processing

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: The bank generates primary revenue through interest earned on various loan products including mortgages, consumer loans, auto loans, commercial real estate loans, and business loans. Interest rates vary by product type and customer qualifications.
2. Deposit Account Fees and Interest Spread: Revenue generated from the spread between interest paid on deposits and interest earned on loans. The bank offers various checking and savings accounts with competitive rates to attract deposits.
3. Credit Card Fees: Revenue from credit card transactions including balance transfer fees, cash advance fees, and interest charges. Balance transfer fee is either $10 or 3% of the amount transferred, whichever is greater. No annual fees.
4. Commercial and Business Lending Fees: Fees associated with business lending products including commercial real estate loans, working capital loans, equipment loans, and lines of credit. The bank emphasizes low origination fees with no origination fees for non-profits.
5. Merchant Services Revenue: Revenue from merchant processing services through CardChamp partnership, including credit and debit card processing fees, POS system services, and related transaction fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

SSB Bank is a community bank that accepts deposits and extends credit to individuals, small businesses, and nonprofit organizations through consumer deposit products (Kasasa Cash, America's Finest checking, savings, CDs, IRAs), consumer loan products (purchase and refinance mortgages, HELOCs, VA loans, auto loans, personal loans, credit cards), and business banking/lending products (Business Advantage Checking, commercial real estate loans, working capital, inventory and equipment financing, merchant card processing through CardChamp, and PPP loan forgiveness). All products are delivered through three Pittsburgh-area branch locations plus web and mobile digital banking channels.

Product overview

SSB Bank is a community bank offering a comprehensive suite of banking products and services. The portfolio includes personal and business checking/savings accounts (Kasasa family products with rewards programs, Everyday Free Checking, On-Board Interest Checking), time deposits and CDs, personal and business lending products (mortgages, auto loans, HELOCs, VA loans, commercial real estate loans), credit cards, and digital banking services. Business services include merchant processing through CardChamp, IOLTA accounts for lawyers, and Remote Deposit Capture. The bank also offers specialized products like America's Finest accounts for first responders and First Time Homebuyer Programs. All services are delivered through branch locations and digital channels including online and mobile banking apps.

Differentiator

Problem solved

Functional benefit

Products and services

• Free Kasasa Cash Checking High-yield personal checking account earning up to 4.59% APY on balances up to $15,000 with nationwide ATM fee refunds up to $25 monthly, linked to Kasasa Saver for automatic savings. Targets Pittsburgh-area individual consumers.
• Free Kasasa Cash Back Checking Free personal checking account paying 5% cash back on debit card purchases up to $200 monthly, with automatic savings sweep to Kasasa Saver. For individual consumers seeking debit-card-based rewards.
• Everyday Free Checking Basic personal checking account with no monthly maintenance fee, free online banking and bill pay, free debit card, worldwide competitor ATM fee reimbursements, and no minimum balance requirement.
• On-Board Interest Checking Interest-bearing personal checking account with tiered interest rates starting at $1,000 balance; $10 monthly service fee waived with $2,500 minimum balance. Includes free online banking, bill pay, debit card, and worldwide ATM fee refunds.
• America's Finest Checking & Saver Special checking and savings accounts for first responders (firefighters, veterans, law enforcement, military, corrections officers, dispatch, EMS) earning up to 5.12% APY on checking and 3.71% APY on savings; requires E-Statement enrollment and valid ID verification.
• Free Kasasa Saver Savings High-yield personal savings account earning 3.20% APY when linked to Kasasa Cash or Kasasa Cash Back checking accounts. Targets individual consumers building savings automatically through qualifying checking account activity.
• Passbook Savings Traditional personal savings account with tiered interest rates and passbook-based tracking for individual savers who prefer in-branch account management.
• Money Market Savings Personal savings account offering higher interest rates than traditional savings, with tiered rates based on balance. For individual savers seeking higher yields on liquid deposits.
• Premium Money Market Savings Higher-tier personal money market account with enhanced interest rates, requiring a checking account relationship and direct deposit setup.
• Christmas Club Savings Account Seasonal personal savings account paying 4.32% APY with maximum $500 monthly deposits; funds payable on October 31st for holiday spending. For consumers setting aside money for holiday expenses.
• Certificates of Deposit (CDs) Time deposits with terms from 91 days to 120 months; includes an 11 Month New Money CD special at 4.02% APY and a 61 Month New Money CD special at 4.10% APY with $500 minimum. Standard CD rates range from 1.65% APY (91 day) to 3.02% APY (84-120 month). Early withdrawal penalties apply. FDIC insured.
• Personal Loans & Lines of Credit Unsecured personal loans and revolving lines of credit up to $15,000 for personal needs including debt consolidation and home projects. Targets individual borrowers in the Pittsburgh area.
• Personal Auto Loans Financing for new or used automobiles purchased through dealerships or private sellers, with refinance options. For individual consumers in the Pittsburgh area.
• Visa Platinum Credit Card Personal credit card with 0% introductory APR for the first 11 billing cycles on purchases and balance transfers, 8.75% standard APR on purchases/balance transfers and 10.75% on cash advances, no annual fee. Balance transfer fee is $10 or 3% of amount transferred, whichever is greater.
• Purchase Mortgage Loans Residential mortgages for home purchases with up to 97% financing and quick local loan decisions typically within 24 hours. For Pittsburgh-area homebuyers.
• Refinance Mortgage Loans Mortgage refinance options to lower interest rates or take cash out from existing homeowners.
• Construction Financing New home construction loans with up to 95% financing for borrowers building a primary residence in the Pittsburgh market.
• Rehab Financing Renovation loans for home purchases and renovations with interest-only payments during the renovation period.
• Home Equity Line of Credit (HELOC) Revolving credit line using home equity as collateral, with line amounts from $10,000 to $500,000, variable rate tied to the Wall Street Journal Prime Rate, interest-only payments during a 60-month advance period, 120-month repayment period, and no annual fee. Includes 0.25% rate discount for auto-pay from an SSB checking account.
• VA Loans U.S. Department of Veterans Affairs-backed home loans for veterans and active duty military members with no down payment required.
• First Time Homebuyer Programs Assistance programs for first-time homebuyers including FHLBank First Front Door grants up to $5,000 at a 3:1 match ratio, Housing Opportunity Fund DPCCAP 5-year and 10-year deferred loan options, and NeighborWorks Western Pennsylvania Arriving Home Loan fixed-rate second mortgage programs.
• Business Advantage Checking Free business checking account with unlimited deposits, no monthly fees, Remote Deposit Capture, and competitor ATM fee refunds. For small businesses in the Pittsburgh area.
• On Board Business Checking Interest-bearing business checking account with tiered interest on balances for larger accounts.
• Business Money Market Savings Business savings account with higher interest rates and limited to 6 withdrawals per month.
• IOLTA (Interest on Lawyers Trust Accounts) Interest on Lawyers Trust Accounts for attorneys holding client funds. Specifically designed for lawyers and law firms that need to comply with state trust account rules while earning interest on pooled client funds.
• Remote Deposit Capture Business check scanning and depositing service enabling desktop deposits anytime, day or night. For business customers who need to process large volumes of checks efficiently.
• Commercial Real Estate Loans Loans for commercial properties, multi-unit dwellings, and investment properties up to 80% of sales price or value. For Pittsburgh-area commercial property owners and investors.
• Working Capital Loans Access working capital via credit-based loans secured by real estate for business operations and short-term funding needs.
• Inventory and Equipment Purchase Loans Business financing for inventory (up to 50% less work-in-progress) and equipment (up to 100% for new, 80% for used).
• Business Vehicle Loans Business vehicle loans borrowing up to 100% of cost for new vehicles or Kelley Blue Book value for used vehicles, with refinance options available.
• Merchant Services Payment processing services delivered through a CardChamp partnership, including credit/debit card processing, mobile processing, POS systems (Clover), EMV and Apple Pay support, ACH/ECheck services, PCI compliance, and QuickBooks Desktop, Enterprise, and Online integration. For business customers accepting card payments.
• PPP Loan Forgiveness SBA Paycheck Protection Program loan forgiveness application processing and submission services for SSB Bank PPP borrowers.
• Personal Online & Mobile Banking Digital banking platform enabling balance checks, bill pay, picture check deposits, account review, money transfers, e-statements, alerts, and Apple Pay / Samsung Pay / Google Pay support via web portal and iOS/Android mobile apps (SSB Bank PGH).
• Business Online & Mobile Banking (SSB Bank Biz) Digital banking for businesses with QuickBooks connectivity, account management, mobile app access (iOS/Android), and remote check deposit capabilities via the SSB Bank Biz app.

Quantifiable outcome

• 4.59% APY on Kasasa Cash checking balances up to $15,000
• +7 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• North Hills Community Outreach (NHCO)minorStrategic or Co-development Partner · 1 January 2018Community outreach organization serving the North Hills area. SSB Bank has partnered since 2018, participating in NHCO's teens and tweens holiday shop and supporting various community initiatives.
• CardChampcoreTechnology or IntegrationCardChamp provides merchant processing services for SSB Bank's merchant services offerings. As one of Pennsylvania's largest providers of merchant processing services and electronic transactions since 2009, CardChamp offers payment processing, POS systems, mobile processing, and QuickBooks integration to SSB business customers.
• Pittsburgh Community Reinvestment Group (PCRG)coreStrategic or Co-development PartnerNonprofit organization of community development corporations and community-based organizations in Western Pennsylvania. SSB Bank partners on initiatives to invest in projects improving distressed areas throughout Pittsburgh and the region. SSB received 7 of 8 awards from PCRG for lending practices.
• Northside Leadership ConferenceminorStrategic or Co-development PartnerMulti-neighborhood Community Development Corporation serving Pittsburgh's Northside. SSB Bank supports their community development initiatives and programs serving 14 diverse Northside neighborhoods since 1980.
• Variety – The Children's CharityminorStrategic or Co-development PartnerOrganization providing vital medical equipment and services to children who are sick, disadvantaged, or living with a disability. SSB Bank has partnered with Variety, including providing a customized bicycle for a young girl named Eva through the Jeans Day Fund program.
• Work (formerly Team Tassy)minorStrategic or Co-development PartnerOrganization accompanying families in Haiti out of poverty through dignified jobs. SSB Bank has provided financial support through participation in the annual Blackjack Spectacular Event.
• FHLBank PittsburghcoreStrategic or Co-development PartnerFederal Home Loan Bank of Pittsburgh. SSB Bank offers the First Front Door (FFD) program through FHLBank membership, providing down payment and closing cost assistance to qualified first-time homebuyers at a 3:1 match ratio up to $5,000.
• Housing Opportunity FundcoreStrategic or Co-development PartnerProvides Down Payment and Closing Cost Assistance Program (DPCCAP) for first-time homebuyers in the City of Pittsburgh. SSB Bank participates as a lender offering this program with 5-year and 10-year deferred loan options.
• NeighborWorks Western PennsylvaniacoreStrategic or Co-development PartnerOffers the Arriving Home Loan Program providing down payment and closing cost assistance for first-time homebuyers in Western PA. SSB Bank participates as a lender offering this fixed-rate second mortgage program.
• KasasacoreTechnology or IntegrationProvider of the Kasasa family of checking and savings account products including Kasasa Cash, Kasasa Cash Back, Kasasa Saver, and America's Finest. These products offer high-yield rewards checking accounts with tiered rates and ATM fee refunds.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerSBA provides the Paycheck Protection Program (PPP) for COVID-19 relief. SSB Bank participated as a PPP lender, processing First and Second Draw loans and handling forgiveness applications submitted to [email protected].

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• F.N.B. Corporation (First National Bank): Pittsburgh-headquartered community and commercial bank with extensive branch presence across Pennsylvania, offering deposit, mortgage, business lending, and treasury products that directly overlap with SSB Bank's service mix.
• Northwest Bancshares (Northwest Bank): Mid-Atlantic community bank with a similar consumer and small-business banking focus, mutual-conversion heritage, and comparable mortgage and deposit product set as SSB Bank.
• S&T Bancorp: Western Pennsylvania community bank providing personal and commercial banking, mortgage lending, and treasury services — a direct in-market competitor to SSB Bank in the Pittsburgh region.
• Dollar Bank: Pittsburgh-based mutual savings bank with a deep local branch network offering deposit accounts, mortgages, and consumer lending — overlapping almost one-to-one with SSB Bank's core product set in the same geography.
• First Commonwealth Financial: Pennsylvania-focused community bank with retail and commercial banking, mortgage, and small-business lending — directly comparable to SSB Bank in customer segments and product breadth.
• WesBanco: Mid-Atlantic community bank offering consumer deposits, mortgages, commercial lending, and wealth services, providing a similar full-service community banking model to SSB Bank.
• Univest Financial Corporation: Pennsylvania-based community bank and lender serving consumers, businesses, and municipalities with deposits, mortgages, and commercial lending — comparable scale and product set to SSB Bank.

Broad incumbents

• Citizens Financial Group: Large regional bank with a major Pittsburgh presence offering personal banking, mortgages, and commercial lending at scale — a broader incumbent competitor that SSB Bank directly battles for local deposit and loan share.
• PNC Financial Services: Headquartered in Pittsburgh, PNC is the dominant regional bank with full retail, mortgage, and commercial product lines. It does not specialize in SSB Bank's micro-market niches but is the primary scale competitor in the same geography.

Regional players

• CNB Bank (Central National Bancorp): Pennsylvania-headquartered community bank offering personal, business, and mortgage banking; comparable in product breadth and customer segments though primarily serving central PA rather than directly competing in Pittsburgh.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ssbpgh
• LinkedInlinkedin.com/company/ssb-bank-pittsburgh

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 SSB Bank