SSB Community Bank

What SSB Community Bank does

SSB Community Bank is an independent, FDIC-insured community bank headquartered at 152 N. Wooster Avenue, Strasburg, Ohio. Founded December 9, 1924 as Strasburg Savings and Loan, the bank serves retail consumers, small and medium businesses, and homebuyers in Ohio's Tuscarawas and Holmes County markets through four branch locations in Strasburg, Dover, Berlin, and a forthcoming Bolivar office. Reported assets reached $200 million in December 2022, up from under $40 million ten years earlier, under President and CEO Nick McMillen.

The bank's product set spans personal and business deposit accounts, a Rewards Checking tier paying 2.25% APY on balances up to $12,000, mortgages (30- and 15-year fixed, ARMs, jumbo, construction, bridge, lot), home equity loans and HELOCs, consumer loans (auto, RV, boat, CD-secured), and a commercial lending suite covering owner-occupied real estate, commercial property purchase/refinance, equipment, inventory, and commercial vehicle financing. Business cash management includes NACHA-compliant ACH batch processing with same-day capability up to $100,000, Remote Deposit Capture, and wire transfer services ($25 outgoing, $10 incoming). Credit cards are issued via Elan Financial Services under Visa and Mastercard licenses.

Digital delivery is supported by an online banking portal (secure.myvirtualbranch.com), the SSB iMobile iOS/Android app, and Apple Pay/Google Pay integration launched December 2022. Revenue is generated through net interest income on loans and deposits, transaction-based fees (wire, ACH, cash management), and interchange through the Elan card program. The bank is privately held with no disclosed outside investors, governed by a Board chaired by Doug Hensel, and operates under regulatory frameworks including FDIC insurance, NMLS ID 523450, Equal Housing Lender status, and Truth in Savings/Lending Act compliance.

Name

SSB Community Bank

Legal name

SSB Community Bank

Website

https://ssbonline.com

Company type

Private

Founded year

1924

Operating status

Operating

Headcount range

11–50 employees

Short description

SSB Community Bank is an FDIC-insured, independent Ohio community bank serving retail consumers and small businesses in Tuscarawas and Holmes counties through deposit products, mortgages, commercial lending, cash management, and digital banking from branches in Strasburg, Dover, Berlin, and Bolivar.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industries

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Bank Connectivity & Channels (Host-to-host, SWIFT, APIs, EB portals) (FSABAIAF)

Keywords

• Retail banking services
• Commercial lending
• Mortgage loans
• Community banking
• Digital banking

Headquarters

HQ city

Strasburg

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Traditional bank revenue from interest charged on mortgage loans (30-year, 15-year fixed, adjustable rate, jumbo, construction), commercial loans, home equity products, and consumer loans including vehicle, boat/RV financing.
2. Deposit Products and Checking Accounts: Revenue from deposit account services including monthly maintenance fees waived with certain criteria, interest-bearing checking accounts, savings accounts, CDs, and Health Savings Accounts.
3. Wire Transfer Fees: $25.00 fee for outgoing wire transfers and $10.00 fee for incoming wires.
4. Digital Banking Services: Revenue from business cash management services, ACH batch processing, and digital banking platform access.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

SSB Community Bank provides traditional community banking services including personal and business deposit products (checking, savings, money market), consumer and commercial lending, residential mortgages, and home equity products. The bank supplements its physical branch network in Ohio with digital banking channels including online banking, a mobile banking app (SSB iMobile), and digital wallet integration with Apple Pay and Google Pay. Business cash management services include ACH processing, wire transfers, and Remote Deposit Capture.

Product overview

SSB Community Bank offers a comprehensive suite of traditional community banking products and services organized into personal banking, business banking, lending, and digital banking categories. The core offerings include deposit accounts (checking, savings, money market), consumer and commercial loans (mortgages, home equity, business loans, consumer loans), and credit cards issued through Elan Financial Services. Digital banking capabilities comprise online banking, mobile banking (SSB iMobile app), and digital wallet integration with Apple Pay and Google Pay. Business cash management services include ACH processing, wire transfers, and Remote Deposit Capture. The bank operates as a traditional community bank with branches in Strasburg, Dover, Berlin, and Bolivar, Ohio, serving personal and business customers with local decision-making and relationship-focused service.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Account
• Personal Savings Account
• SSB Rewards Checking
• Business Economy Checking
• Commercial Savings
• 30-Year Fixed Rate Mortgage
• 15-Year Fixed Rate Mortgage
• Adjustable Rate Mortgage
• Jumbo Loans
• Construction Loans
• Land/Lot Loans
• Home Equity Line of Credit (HELOC)
• Home Equity Loans
• Consumer Loans
• Commercial Property Purchase Loans
• Commercial Property Refinance Loans
• Bridge Loans and Lines of Credit
• Equipment and Inventory Financing
• Commercial Vehicle Loans

Quantifiable outcome

• Reached $200 million in assets milestone in December 2022
• +2 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

One partnership is on record.

• Elan Financial ServicescoreOEM/ Whitelabel/ Licensing PartnerElan Financial Services is the creditor and issuer of SSB Community Bank's credit card products (Visa and Mastercard), provided pursuant to separate licenses from Visa U.S.A. Inc. and Mastercard International Incorporated. Elan provides zero fraud liability protection and 24/7 cardmember service.

Scale indicators4 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• The Killbuck Savings Bank Company: An Ohio state-chartered community savings bank headquartered in Holmes County — directly overlapping SSB's core Holmes/Tuscarawas County footprint and serving the same rural customer base with similar deposit and consumer lending products.
• Sutton Bank: Ohio community bank with consumer and business deposit, lending, and digital banking capabilities; operates as a smaller regional community bank with comparable go-to-market model.
• First Federal Community Bank of Ohio: Ohio-chartered savings institution providing deposit, mortgage, and consumer lending products; directly comparable in charter type, scale, and product positioning to SSB.
• Civista Bank: Ohio-headquartered community bank with full consumer, mortgage, and commercial banking products and a regional branch network; comparable product set to SSB though larger in scale.
• Consumers National Bank: Ohio community bank offering consumer and business deposit, lending, and digital banking services across multiple Ohio counties; similar size, charter structure, and product breadth to SSB.
• Heartland Bank: Ohio community bank offering consumer and business banking, mortgages, and digital services across central Ohio; comparable scale and product breadth to SSB.
• Home Savings Bank (Youngstown, OH): Ohio-chartered savings and loan institution offering consumer deposits, mortgages, and business banking across Ohio; closely comparable charter type, product mix, and community-bank positioning to SSB.
• Farmers National Bank (Canfield, OH): Ohio community bank with consumer deposit, mortgage, and commercial lending products across northeastern Ohio counties; similar community banking focus and product set to SSB.

Broad incumbents

• Peoples Bancorp Inc. Ohio-based bank holding company with a multi-state branch network offering consumer and commercial banking services; overlaps with SSB's product set but operates at much larger scale and broader footprint.
• Park National Corporation: Large Ohio-headquartered bank holding company operating community banks across Ohio; offers the same consumer and commercial banking services as SSB but at significantly greater scale and broader geographic reach.

Market position

Weaknesses2 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@SSBCommunityBank
• Facebookfacebook.com/SSBCommunityBank
• LinkedInlinkedin.com/company/ssb-community-bank
• Instagraminstagram.com/ssbcommunitybank
• Xx.com/ssbcommunitybnk

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Community Bank