RiverHills Bank

What RiverHills Bank does

RiverHills Bank is a privately held, FDIC-insured community bank founded in 1904 and headquartered in Milford, Ohio, operating five branches across Southwest Ohio (Milford, Amelia, and Eastgate/Cincinnati) with 70+ employees. The bank serves individual consumers, small and medium-sized businesses, business buyers and sellers, and affordable housing developers through a relationship-based distribution model that pairs physical branches with a Fiserv-powered online banking platform, a 4.7/5-rated mobile app, and access to 32,000+ surcharge-free ATMs through the MoneyPass network. Core products include personal and business deposit accounts, home loans (conventional, FHA, and HECM reverse mortgages), commercial loans, treasury management, and a specialized SBA 7(a) lending program structured with a 75% SBA guaranty — an area where RiverHills has ranked in the Greater Cincinnati Top 10 for three consecutive years, reaching #2 in FY2023.

Revenue is generated through traditional community banking mechanics: net interest income from the spread on loans versus deposits, transactional banking fees, SBA 7(a) origination fees, and construction/permanent financing for affordable housing developments supported by Federal Home Loan Bank of Cincinnati Affordable Housing Program grants. The bank maintains an Impact Depositing program with over $1.1 billion in cumulative impact investments and has co-financed more than 350 affordable housing units across Ohio and into Kentucky via partnerships with developers including Fairfield Homes, Model Group, Kingsley & Company, Frontier Community Services, Neighborhood Development Services, and AU Associates. SBA 7(a) closings are executed in partnership with FCN Bank, and the bank is licensed under NMLS #403019.

Name

RiverHills Bank

Legal name

RiverHills Bank

Website

https://www.rhb24.com/

Company type

Private

Founded year

1905

Operating status

Operating

Headcount range

101–250 employees

Short description

RiverHills Bank is a privately held community bank in Southwest Ohio providing personal and business banking, SBA 7(a) lending, mortgage, and affordable housing financing to consumers, SMBs, and developers across five branches.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522)

SIC

State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industry

Bank Branch / Retail Purchase Mortgages (FSALAAAA)

Keywords

• Community banking services
• SBA 7(a) lending
• Mortgage lending
• Treasury management
• Affordable housing finance

Headquarters

HQ city

Milford

HQ country

United States

HQ region

North America

Offices5 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. Net Interest Income: Traditional banking revenue from spread between interest earned on loans (mortgages, commercial loans, SBA loans) and interest paid on deposits.
2. Banking Fees and Service Charges: Fees from account maintenance, transactions, wire transfers, and other banking services.
3. SBA 7(a) Loan Originations: Origination fees and ongoing interest from SBA-guaranteed small business loans. Loans structured with 75% SBA guaranty.
4. Affordable Housing Lending: Construction loans, permanent loans, and AHP grants for affordable housing developments including LIHTC projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

RiverHills Bank is a community bank offering personal and business deposit accounts, mortgage/home loans, commercial loans (including SBA 7(a) lending with up to 75% guaranty), treasury management, and an Affordable Housing Program providing construction loans, permanent loans, and AHP grants. Digital delivery is enabled through an online banking platform (Fiserv), a mobile banking app, and the MoneyPass ATM network. The bank operates five branches across Southwest Ohio with a relationship-based service model.

Product overview

RiverHills Bank is a community bank serving Southwest Ohio offering a unified suite of traditional banking products and services. The core offerings include Personal Accounts and Business Accounts for day-to-day banking needs, supplemented by Home Loans (Mortgage Center) and Commercial Loans including SBA lending programs. Digital services include Online Banking and Mobile App for 24/7 account access, with Treasury Management for business customers. Additional services include Card Controls for debit card management, Bill Pay for payment processing, and Paperless Statements for document management. The bank also offers specialized programs including an Affordable Housing Program with construction and permanent loans plus AHP grants, and Impact Depositing for socially conscious banking with over $1.1 billion in impact investments.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Accounts Personal banking accounts (checking, savings, and related deposit products) for individual consumers in Southwest Ohio, supported by online banking, mobile app, and surcharge-free ATM access.
• Business Accounts Business checking and savings accounts designed for local businesses to manage day-to-day operations and cash management needs.
• Home Loans / Mortgage Center Mortgage and home loan products including purchase mortgages, refinancing, conventional, FHA, and HECM reverse mortgages, processable 100% online, face-to-face, or hybrid.
• Commercial Loans Commercial lending services including SBA 7(a) loans, term loans, and lines of credit for business expansion, acquisitions, and working capital.
• Treasury Management Cash management and treasury services for businesses, including deposit services, payment solutions, and liquidity management.
• Online Banking Fiserv-powered digital banking platform enabling 24/7 account management, bill pay, money transfers, mobile check deposits, paperless statements, Zelle payments, and electronic banking for business.
• Mobile Banking App

Quantifiable outcome

• Ranked #2 SBA Lender in Greater Cincinnati for fiscal year 2023, third consecutive year in Top 10
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Fairfield HomescoreStrategic or Co-development Partner · 12 December 2024Development partner for Park Village 80-unit senior affordable housing renovation in Shelby, OH. $5M construction loan, $100K perm loan through partnership.
• Fairfield HomescoreStrategic or Co-development Partner · 11 December 2024Development partner for multiple affordable housing projects including Park Village (80 units, $5.1M financing) and The Reserve at Mount Gilead (47 units, $9.98M financing). Also partnered with Gorsuch Construction.
• United Church HomesminorStrategic or Co-development Partner · 11 December 2024Partner providing on-site services including wellness coordination, meals, medical assistance, and transportation at The Reserve at Mount Gilead.
• Seniors on CenterminorStrategic or Co-development Partner · 11 December 2024Partner providing on-site services at The Reserve at Mount Gilead affordable senior housing community.
• Neighborhood Development Services (NDS)coreStrategic or Co-development Partner · 1 May 2024Development partner for Chestnut Village 32-unit senior affordable housing in Ashtabula, OH. $3M construction loan, $752K perm loan, $400K AHP grant.
• Frontier Community ServicescoreStrategic or Co-development Partner · 7 December 2023Development partner for North Shore Village 50-unit affordable housing in Hillsboro, OH. $6.15M construction loan and $1.33M perm loan.
• Kingsley & CompanycoreStrategic or Co-development Partner · 20 November 2023Development partner for Victory Vistas 50-unit senior affordable housing project. RiverHills provided $8.64M construction loan and $2.96M perm loan.
• Model GroupcoreStrategic or Co-development Partner · 2 November 2023Development partner for Griffon Apartments 48-unit LIHTC affordable housing in Cincinnati's Over-the-Rhine. $1.5M permanent loan. Also partnered with 3CDC.
• Model GroupcoreStrategic or Co-development Partner · 18 May 2023Development partner for Hisle Park Apartments 45-unit affordable housing in Portsmouth for transition-age youth. $5.96M construction loan.
• Portsmouth Metropolitan Housing AuthoritycoreStrategic or Co-development Partner · 18 May 2023Partner in Hisle Park Apartments project serving transition-age youth and families at risk of homelessness in Scioto, Adams, and Lawrence Counties.
• Shawnee Family Health CentercoreStrategic or Co-development Partner · 18 May 2023Partner in Hisle Park Apartments providing supportive services including mental health assessment, counseling, and case management for families experiencing homelessness.
• Model GroupcoreStrategic or Co-development Partner · 21 April 2023Development partner for Melrose Place 26-unit permanent supportive housing for families experiencing homelessness in Cincinnati's Walnut Hills.
• AU AssociatescoreStrategic or Co-development Partner · 7 February 2023Development partner for Polo Club 24-unit senior affordable housing in Lexington, KY. Over $3.6M construction loan and $1M perm loan.
• MoneyPasscoreTechnology or IntegrationATM network partnership providing 32,000+ surcharge-free ATMs across the United States for RiverHills Bank customers.
• FiservcoreTechnology or IntegrationTechnology provider for online banking platform enabling account management, bill pay, and enrollment services.

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• First Financial Bank: Cincinnati-headquartered community/commercial bank serving Southwest Ohio with comparable deposit, mortgage, commercial, and SBA lending products. Closest geographic and product-line analog to RiverHills.
• Park National Corporation: Ohio-based community bank holding company (parent of Park National Bank) operating a multi-branch community-banking model with commercial and SBA lending across Ohio, directly comparable to RiverHills' footprint and product set.
• LCNB Corporation: Lebanon, Ohio-based community bank holding company (LCNB National Bank) serving Southwest Ohio with personal, business, mortgage, and commercial lending — directly comparable geographic and product footprint.
• WesBanco, Inc. Wheeling, WV-based regional community bank with significant Ohio, Kentucky, and Western Pennsylvania branches offering retail, commercial, and SBA lending — comparable multi-state community-bank model with similar deposit and lending mix.
• Civista Bank: Ohio-based community bank (Sandusky, OH headquarters) providing personal, business, mortgage, and commercial/SBA lending with branch network across Ohio — closely comparable in size, product mix, and SBA focus.
• First Bank of Ohio: Hamilton, Ohio-based community bank serving Southwest Ohio with personal and business banking products — adjacent small community bank peer within the same Cincinnati-region footprint.

Broad incumbents

• Fifth Third Bank: Cincinnati-headquartered large regional bank with overlapping retail, mortgage, SBA, and commercial lending capabilities in the same Southwest Ohio market — broader portfolio incumbent competing directly for RiverHills' target customers.
• Huntington Bancshares: Columbus, Ohio-based large regional bank with deep Southwest Ohio presence across consumer, small business, SBA, and commercial lending — statewide incumbent overlapping RiverHills' customer base with materially greater scale.

Regional players

• Wright-Patt Credit Union: Dayton-based large credit union serving Southwest Ohio members with deposit, mortgage, and consumer lending products — competing for the same household and SMB deposits as RiverHills but as a member-owned cooperative rather than chartered bank.
• Cinfed (Cincinnati Federal): Cincinnati-headquartered credit union offering consumer and business deposit/lending products throughout Greater Cincinnati — direct deposit and consumer-lending competitor in the same Southwest Ohio geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/riverhillsbank
• Xx.com/riverhillsbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 RiverHills Bank