ClearPoint

Name

ClearPoint

Legal name

ClearPoint Federal Bank & Trust

Website

https://clearpointfederal.com

Company type

Private

Founded year

1998

Operating status

Acquired

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Trust Administration Services (Death Care Banking)

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (525920), Trusts, Estates, and Agency Accounts (52592), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Savings Institution, Federally Chartered (6035), Finance Services (6199)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

akta.pro secondary industries

Directed Trust & Trust Advisory Services (FSAAANAK), Corporate Trust Services (Trustee, Agent & Escrow Roles) (FSAEAKAB), Trust & Estate Tax Planning & Compliance (FSAEAKAE)

Keywords

• Preneed trust administration
• Trust recordkeeping services
• Death care banking
• Perpetual care trusts
• Investment management services

Headquarters

HQ city

Batesville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Trust Administration Fees: ClearPoint generates revenue through trust administration fees charged to funeral homes and cemeteries for managing preneed funeral trust funds. As both trustee and recordkeeper, ClearPoint provides comprehensive reporting at the trust level and required reporting by firms' state regulators at the preneed contract level.
2. Recordkeeping Services: Revenue generated from recordkeeping services for funeral and cemetery trusts, including contract administration, payment tracking, and regulatory compliance reporting.
3. Investment Management: ClearPoint provides investment management services for trust funds, generating fees through portfolio management and investment selection for preneed and perpetual care trusts.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

ClearPoint is a federally chartered savings bank that serves exclusively the death care industry as both trustee and recordkeeper. It administers preneed funeral contract trusts and perpetual care/endowment cemetery trusts, provides investment management for trust funds, performs comprehensive recordkeeping and state regulatory reporting, and exposes these capabilities through a dedicated client portal. As of June 2026, the business operates as ClearPoint Trust, a division of Community Bank, N.A., following its acquisition by Community Financial System, Inc.

Product overview

ClearPoint Federal Bank & Trust operates as a single, unified federally chartered savings bank dedicated exclusively to the deathcare industry. Rather than a platform-with-modules architecture, the company offers an integrated suite of trust administration services that includes preneed trust services, perpetual/endowment care trust services, investment management, recordkeeping, and regulatory/compliance support. All services are delivered through their core banking infrastructure, with clients accessing accounts via the Client Portal. The company was acquired by Community Financial System, Inc. in June 2026 and now operates as ClearPoint Trust under Community Bank, N.A.

Differentiator

Problem solved

Functional benefit

Products and services

• Preneed Trust Services Trust administration for pre-arranged (preneed) funeral contracts. Funeral homes deposit funds from purchasers; ClearPoint acts as trustee, manages investments, and provides required state regulatory reporting at the contract level. For funeral home and cemetery clients selling preneed contracts.
• Perpetual Care / Endowment Care Trust Services Trust administration for cemetery perpetual care and endowment care funds where a portion of plot purchase price is contributed to maintain the cemetery in perpetuity. For cemetery operators required to maintain such trusts under state law.
• Investment Management Investment management services for preneed and perpetual care trust funds, offering portfolio strategies and mutual fund models designed to grow and preserve trust assets. For funeral home and cemetery trust clients.
• Recordkeeping Services Comprehensive trust recordkeeping including tracking of preneed contracts, allocation of income, growth and fees, and state regulatory reporting. For funeral home and cemetery clients needing contract-level and trust-level records.
• Regulatory & Compliance Services Expertise and reporting support for preneed and perpetual care state laws, including contract requirements, trust fund compliance, and filings across 43+ state jurisdictions. For funeral home and cemetery compliance officers.

Quantifiable outcome

• Over $1.5 billion in assets under management
• +3 more outcomes

Named customers3 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

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Community Financial System, Inc. (CFSI)coreStrategic or Co-development Partner · 1 June 2026Community Financial System, Inc. completed its acquisition of ClearPoint Federal Bank & Trust for $39 million in an all-cash transaction on June 1, 2026. The acquired business now operates as ClearPoint Trust, a division of Community Bank, N.A., expanding Community Financial System's Nottingham Financial Group wealth management business. ClearPoint manages over $1.5 billion in assets and specializes in trust administration for the death care industry.
• Johnson Consulting GroupminorStrategic or Co-development PartnerClearPoint is a Johnson Consulting Group Strategic Partner and participates in the Johnson Consulting Group Summit. This partnership provides opportunities to learn from industry leaders, business experts, and other partners while sharing ClearPoint's expertise with Summit attendees.
• National Funeral Directors Association (NFDA)minorStrategic or Co-development PartnerClearPoint partnered with NFDA and TFDA (Texas Funeral Directors Association) on career development initiatives, including a registration giveaway for NFDA's Arranger Training Program. This partnership demonstrates ClearPoint's commitment to the advancement and success of funeral service professionals.
• Funeral Service FoundationminorOthersClearPoint pledged to donate $25,000 to the Funeral Service Foundation over five years. The Foundation is the charitable arm of the National Funeral Directors Association, supporting funeral service in building meaningful relationships with families and communities.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Homesteaders Life Company: Mutual life insurance company specializing in preneed funeral funding and trust administration. Directly comparable to ClearPoint in serving funeral homes nationwide with preneed contract management and trust services.
• Assurity Life Insurance: Mutual insurer with a dedicated preneed division providing funeral funding and trust administration solutions through funeral home partnerships. Direct competitor to ClearPoint's preneed services.
• Lincoln Heritage Life Insurance: Preneed funeral insurance and final expense provider with a national funeral home distribution network. Competes with ClearPoint on the funding/administration side of preneed contracts.
• Forethought Life Insurance (Global Atlantic Financial Group): Major preneed life insurance provider offering funeral trust and annuity products through funeral homes. Competes directly with ClearPoint in the preneed funding/administration space and shares historical naming lineage with ClearPoint's predecessor.
• National Guardian Life Insurance Group (NGL): Mutual insurer offering preneed funeral insurance and trust products. Comparable to ClearPoint as a specialist in death-care-adjacent trust and insurance solutions.

Broad incumbents

• StoneMor Partners: Public cemetery operator and preneed funeral provider with proprietary trust administration. Comparable to ClearPoint on perpetual care and preneed trust management for cemeteries.
• Busey Bank (Busey Wealth Management): Community bank with a wealth management/trust division that has served death care clients. Comparable to ClearPoint as a broad incumbent bank offering trust services including preneed and perpetual care.
• Service Corporation International (SCI): Largest North American funeral services and cemetery operator with captive preneed trust/insurance capabilities. Overlaps with ClearPoint on trust administration but at much larger scale and as part of an integrated operator model.

Emerging players

• Sentinel Security Life Insurance: Specialty insurer with preneed funeral and final expense products distributed through funeral homes. Niche overlap with ClearPoint's preneed administration client base.
• Foundation Partners Group: Private equity-backed death care consolidator operating funeral homes and cemeteries with internal preneed and trust capabilities. Emerging competitor for ClearPoint's B2B death care client base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/clearpointfederal
• LinkedInlinkedin.com/company/clearpointfederal

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 ClearPoint