Savings Bank of Danbury
Savings Bank of Danbury (operating as Ives Bank) is a privately held, FDIC-insured community bank founded circa 1848 in Danbury, Connecticut, serving individual consumers and small to mid-sized businesses across Southern Connecticut through 11 branch locations and a full digital banking platform.
- Company typePrivate
- Founded1848
- HeadquartersDanbury, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Savings Bank of Danbury does
Savings Bank of Danbury, doing business as Ives Bank, is a privately held, state-chartered community bank founded circa 1848 in Danbury, Connecticut. The bank operates 11 branch locations across Southern Connecticut, including Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Norwalk, Southbury, Stamford, and Waterbury, and serves individual consumers and small to mid-sized businesses through FDIC-insured deposit products (checking, savings, money market, CDs, HSAs, IRAs), consumer lending (mortgages, home equity, auto and personal loans, credit cards), and a business banking suite that includes business checking and savings, SBA 504 lending, commercial mortgages, business credit cards, cash management, merchant card processing, payroll services, and a Bank at Work employer program.
The bank's technology layer is a conventional retail digital banking stack: a web-based online banking platform, native iOS and Android mobile apps, card management controls, mobile wallet integration with Apple Pay and Google Pay, Zelle-based peer-to-peer payments for consumers and businesses, an Early Pay feature for accelerated direct deposit access, and a Greenlight for Kids & Teens integration for youth financial literacy. There are no proprietary fintech platforms, in-house AI capabilities, or research-grade technology assets disclosed; technology serves as a parity layer to remain competitive rather than as a differentiator.
The revenue model is a traditional community bank model anchored on net interest income from personal and commercial loan portfolios, augmented by fee income from deposit account service charges, transaction services (wires, check ordering, merchant processing, cash management), and ancillary banking services. Customer acquisition is relationship-driven and geographically concentrated, supported by local decision-making, community engagement, a foundation program, and physical branch presence. Pricing for deposit and loan products is rate-driven and not fully publicly disclosed, with commercial lending executed through consultative, quote-based engagement rather than published pricing. The bank is regulated by Connecticut and federal banking authorities, is FDIC insured, holds NMLS #763547, and maintains BBB A+ accreditation.
Savings Bank of Danbury firmographics
Firmographics- Name
- Savings Bank of Danbury
- Legal name
- Savings Bank of Danbury
- Website
- https://sbdanbury.com
- Company type
- Private
- Founded year
- 1848
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Savings Bank of Danbury (operating as Ives Bank) is a privately held, FDIC-insured community bank founded circa 1848 in Danbury, Connecticut, serving individual consumers and small to mid-sized businesses across Southern Connecticut through 11 branch locations and a full digital banking platform.
- Ownership category
- akta.pro rank
Savings Bank of Danbury industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Credit Card Issuing (52221)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Credit Cards & Revolving Credit (FSABAAAC), Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)
Keywords
Where Savings Bank of Danbury is headquartered
LocationHeadquarters
- HQ city
- Danbury
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
Savings Bank of Danbury business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income - Personal Loans: The bank generates interest income from various personal lending products including mortgages, home equity loans, auto loans, and personal credit cards. These loans are offered to consumers with competitive rates as shown on their rates page.
- Interest Income - Business Loans: Revenue generated from commercial mortgages, term loans, revolving lines of credit, SBA loans, and business credit cards provided to small and mid-sized businesses.
- Deposit Account Fees: Fee income from checking accounts, money market accounts, and certificate of deposit accounts. Includes maintenance fees, overdraft fees, and other service charges detailed in their fee schedule.
- Service Charges: Revenue from various banking services including wire transfers, check ordering, and other ancillary banking services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal Checking Accounts - Multiple tiers available with varying features and fee structures |
| Subscription | Monthly | Savings and Money Market Accounts - Interest-bearing accounts with tiered rates based on balance |
| Unit Pricing | Pay-as-you-go | Certificates of Deposit - Fixed-term deposits with guaranteed rates |
| Other | Monthly | Mortgages and Home Equity - Rates based on creditworthiness, loan amount, and property value |
| Other | Monthly | Business Lending - Customized commercial and small business loans |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Savings Bank of Danbury product offering
Product offeringCore offering
Savings Bank of Danbury, operating as Ives Bank, is a Connecticut community bank providing personal and business banking services through 11 branch locations and digital channels. Core offerings include deposit accounts (checking, savings, money market, CDs, HSAs, IRAs), consumer lending (mortgages, home equity, auto, personal loans, credit cards), and commercial banking products (business checking/savings, SBA 504 loans, commercial lending, cash management, merchant solutions, and payroll services).
Product overview
Savings Bank of Danbury (operating as Ives Bank) offers a unified banking platform providing personal and business banking services through integrated products. The core personal banking suite includes checking, savings, money market, CDs, and Health Savings Accounts, complemented by lending products such as mortgages, home equity, auto loans, and credit cards. Business banking encompasses commercial and small business lending, business checking/savings, cash management, merchant solutions, and payroll services. The digital banking layer (Online Banking, Mobile Banking, Card Controls, Mobile Wallet) connects both personal and business offerings. Strategic integrations with Zelle (P2P payments), Mobile Wallet (Apple Pay/Google Pay), and Greenlight for Kids & Teens extend functionality. The bank also provides financial education resources and security services. Nearly 177 years in operation serving Connecticut communities.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts
Companies that use Savings Bank of Danbury
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Savings Bank of Danbury technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature8 records
Savings Bank of Danbury partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- GreenlightcoreGreenlight for Kids & Teens is integrated into the bank's mobile app, providing parents tools to teach children financial literacy including money transfers, chore tracking, allowance management, and savings goal setting.
- SBA (Small Business Administration)coreSBA 504 Loans program offered through partnership with the Small Business Administration, enabling the bank to provide favorable financing terms to small businesses for real estate and equipment purchases.
- ZAG InteractiveminorWebsite development and design partner responsible for the bank's website design and digital presence.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Savings Bank of Danbury competitors and assessment
Company assessmentDirect peers
- Newtown Savings Bank: Connecticut-based mutual savings bank with similar full-service personal and business banking offering, comparable branch footprint in lower Fairfield County, and a state-chartered community bank operating model closely matching Savings Bank of Danbury.
- Fairfield County Bank: CT-headquartered community bank serving similar Fairfield County markets with comparable personal/business banking products, SBA lending, and relationship-based commercial banking — directly overlapping customer base and product suite with Ives Bank.
- Liberty Bank: Connecticut's largest community bank with branches across the state including Southern CT overlap, offering personal/commercial banking, mortgages, and SBA lending — directly comparable in product mix and CT community banking positioning.
- First County Bank: Stamford-based community bank serving Stamford/Norwalk/Fairfield County with comparable branch coverage in markets where Ives Bank also operates, and similar full-service personal/business banking offerings.
- Northwest Community Bank: CT community bank serving northwest Connecticut and adjacent regions with similar full-service banking model, SBA lending, and relationship-driven commercial banking approach.
- Salisbury Bank: CT/NY tri-state community bank with similar full-service personal/business banking and SBA lending expertise, comparable community-bank operating model focused on local relationship banking.
Broad incumbents
- Webster Bank: Larger Connecticut-headquartered regional bank offering the full spectrum of personal, business, commercial, and wealth management banking — a broader incumbent serving overlapping CT markets with greater scale.
- Berkshire Bank: New England regional bank offering community-style personal and business banking plus commercial lending, overlapping CT footprint with broader geographic reach and product depth.
- M&T Bank: Acquired People's United Bank, a major CT commercial banking franchise; M&T now operates a large branch network across CT with full-service personal and commercial banking overlapping Ives Bank's markets.
- Chase Bank: National mega-bank with extensive CT branch presence and aggressive small business and consumer banking franchise, representing the upper-end incumbent competitive pressure on community banks like Ives Bank.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Savings Bank of Danbury social profiles
Digital presenceSavings Bank of Danbury compliance and trust
Trust signalCompliance3 records
Savings Bank of Danbury financial estimates
Financial estimateRevenue estimate
Valuation estimate
Savings Bank of Danbury leadership team
Management profileNumber of profiles
Profiles2 records
Savings Bank of Danbury funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Savings Bank of Danbury M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Savings Bank of Danbury
What does Savings Bank of Danbury do?
Savings Bank of Danbury, operating as Ives Bank, is a Connecticut community bank providing personal and business banking services through 11 branch locations and digital channels. Core offerings include deposit accounts (checking, savings, money market, CDs, HSAs, IRAs), consumer lending (mortgages, home equity, auto, personal loans, credit cards), and commercial banking products (business checking/savings, SBA 504 loans, commercial lending, cash management, merchant solutions, and payroll services).
Is Savings Bank of Danbury a public or private company?
Savings Bank of Danbury is a private company. It is classified as unknown and is currently operating.
When was Savings Bank of Danbury founded?
Savings Bank of Danbury was founded in 1848. It employs 51 to 100 people.
Where is Savings Bank of Danbury based?
Savings Bank of Danbury is headquartered in Danbury, United States, in the North America region.
How does Savings Bank of Danbury make money?
Four revenue lines are on record. Interest Income - Personal Loans are the primary driver. The others are interest Income - Business Loans, deposit Account Fees and service Charges.
Who are Savings Bank of Danbury's main competitors?
Direct peers on record are Newtown Savings Bank, Fairfield County Bank, Liberty Bank, First County Bank, Northwest Community Bank and Salisbury Bank. Broad incumbents are Webster Bank, Berkshire Bank, M&T Bank and Chase Bank.
Does Savings Bank of Danbury have an API?
No public API is recorded for Savings Bank of Danbury.
What industry is Savings Bank of Danbury in?
Savings Bank of Danbury's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 5221 and its SIC code is 6036.