Sugar River Bank

What Sugar River Bank does

Sugar River Bank is a community bank founded in 1895 and headquartered in Newport, New Hampshire, operating as an FDIC-insured Equal Housing Lender. The bank serves individual consumers, small and medium-sized businesses, and homebuyers primarily within the Newport/New London, NH catchment area, delivering deposit products (checking, savings, CDs, IRAs, money market, health savings accounts), lending products (mortgages, home equity, personal, and business loans), business cash management, investment services, and student loans via a partnership with Granite Edvance.

The product portfolio is supported by an omnichannel technology stack comprising a web-based online banking platform, native iOS and Android mobile applications offering remote check deposit, funds transfer, and bill pay, an ATM network, and ProfitStars-powered Business Smartpay for merchant payment processing. The bank also operates a customer loyalty program (Sugar River Rewards), a community room facility, and a Money Manager personal financial management tool. Distribution is anchored by physical branch presence serving local markets in New England, complemented by 24/7 digital self-service.

The revenue model mixes net interest income from mortgage, home equity, personal, business, and student lending with transaction and service fees on deposit accounts (overdraft, account charges, order checks), business cash management fees, and likely referral or fee-share revenue from investment services and the Granite Edvance student loan partnership. The lead source ID for this description is, the consolidated firmographic, product, technology, and revenue stream data block derived from the bank's website and public filings.

Name

Sugar River Bank

Legal name

Sugar River Bank

Website

https://sugarriverbank.com

Company type

Private

Founded year

1895

Operating status

Operating

Headcount range

11–50 employees

Short description

Sugar River Bank is an FDIC-insured community bank founded in 1895 in Newport, New Hampshire, serving local individual consumers, small businesses, and homebuyers with deposit accounts, mortgage and consumer lending, and digital banking channels.

Ownership category

akta.pro rank

Product category

Community Retail Banking

NAICS

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

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Bank Bill Pay (Consumer & Small Business) (FSAMAJAC)

Keywords

• Community banking services
• Retail banking
• Mortgage lending
• Business deposit accounts
• Personal loans

Headquarters

HQ city

New London

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: The bank generates revenue through interest charged on mortgage loans, home equity lines, personal loans, business loans, and student loans. As a community bank, lending is a core revenue driver with local mortgage lending specifically highlighted as a primary focus.
2. Deposit Account Fees and Charges: Revenue from checking account service fees, overdraft charges, and other account-related service charges. The bank offers order checks functionality linking to external provider.
3. Investment Services Revenue: The bank offers investment services to help customers build secure financial futures, likely through referral arrangements or partnership-based revenue sharing.
4. Cash Management Services: Business cash management services generating fee revenue from commercial customers managing their business finances and liquidity needs.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Sugar River Bank is a community bank providing deposit accounts (checking, savings, CDs, IRAs, money market, health savings), consumer and business loans (mortgage, home equity, personal, business, and student loans via a Granite Edvance partnership), investment services, and business cash management for individuals, local businesses, and homebuyers in New Hampshire. Customers are served through physical branches, an online banking platform, iOS/Android mobile apps with remote check deposit, and ATMs.

Product overview

Sugar River Bank is a community bank offering a unified suite of banking products and services organized across four main categories: Personal Banking (checking, savings, CDs, IRAs, money market, health savings, investment services), Business Banking (business checking, business savings, cash management, business loans), Lending (mortgages, home equity, personal loans, student loans via Granite Edvance partnership), and Digital Banking (online banking platform with mobile apps). The bank also provides supplementary services including a rewards program, community room rental, financial calculators, and educational resources. The digital banking platform serves as the primary technology channel through which customers access account management, fund transfers, bill payment, and mobile check deposit features.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking accounts for everyday banking needs, targeted at individual consumers in the Newport, NH market.
• Personal Savings Personal savings accounts for building deposits and earning interest, targeted at individual consumers.
• Certificates of Deposit (CDs) Certificates of Deposit with fixed terms and competitive rates designed to help grow customer savings.
• Individual Retirement Accounts (IRAs) IRAs for long-term retirement savings with tax advantages.
• Money Market Accounts Money market deposit accounts offering competitive interest rates with limited check-writing privileges.
• Health Savings Accounts (HSAs) HSAs for covering qualified medical expenses with tax benefits.
• Investment Services Investment services to help individual and business customers build a secure and prosperous financial future.
• Business Checking Business checking accounts designed for business banking needs with various features and tools.
• Business Savings Business savings accounts for depositing business funds and earning interest.
• Cash Management Cash management services for businesses to optimize financial operations and liquidity.
• Mortgage Loans Home mortgage loans including purchase and refinance options for homebuyers in the Newport, NH market.
• Home Equity Loans and Lines of Credit Home equity loans and lines of credit allowing homeowners to borrow against their home's equity.
• Personal Loans Personal loans for various needs including debt consolidation, major purchases, and unexpected expenses.
• Business Loans Commercial lending solutions including term loans and lines of credit for business growth and operations.
• Student Loans (via Granite Edvance partnership) Student loan products offered through partnership with Granite Edvance for higher education financing.
• Online Banking Platform Web-based online banking platform enabling customers to check balances, transfer funds, pay bills, and deposit checks from personal devices.
• Mobile Banking App (iOS and Android) Mobile banking application available for iOS and Android devices for banking on the go, with mobile check deposit capability.
• Business Smartpay Business payment processing service for managing business transactions and payments.
• Sugar River Rewards Customer rewards and loyalty program offering special offers and discounts to bank customers.
• Community Room Facility Rental Community room facility available for public use for meetings and events.

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

One partnership is on record.

• Granite EdvanceminorChannel Partner/ Reseller/ DistributorSugar River Bank partners with Granite Edvance to offer student loan services to customers, providing an additional financial product through this partnership to address higher education financing needs.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Lake Sunapee Bank: New Hampshire-based community bank serving individuals and businesses with deposit accounts, mortgage lending, and digital banking. Closely comparable to Sugar River Bank as a similarly sized in-state community bank with full personal/business/lending product suite.
• Mascoma Bank: New Hampshire community bank offering personal and business banking, mortgages, and commercial lending across the Upper Valley region. Directly comparable as another NH community bank with parallel deposit and lending products serving small markets.
• Ledyard National Bank: New Hampshire-based community bank serving the Hanover/Lebanon region with personal, business, and wealth management services. Comparable scale and community banking model in the same state as Sugar River Bank.
• Meredith Village Savings Bank: New Hampshire mutual savings bank offering deposit accounts, mortgage lending, and business banking across central NH. Comparable community banking franchise with similar product mix and local lending focus.
• Passumpsic Savings Bank: Vermont-based community savings bank with personal/business banking, mortgage lending, and digital channels. Comparable small community bank model with similar deposit-and-lend balance sheet and rural footprint.
• Northfield Savings Bank: Vermont community bank providing personal banking, mortgages, and business lending with local decision-making. Directly comparable as a small New England community bank with parallel product offerings.

Broad incumbents

• Bar Harbor Bank & Trust: Larger New England community bank holding company serving northern New England with full banking and wealth services. Comparable in product set but broader in geographic footprint and scale than Sugar River Bank.
• Community Bank System: Multi-state community bank holding company with consumer and business banking across the Northeast and Mid-Atlantic. Overlaps in product set and customer segments but operates at meaningfully greater scale than Sugar River Bank.
• Eastern Bankshares: Massachusetts-based community-oriented bank offering personal, business, and wealth services. Comparable product mix and community-banking positioning, though materially larger and more geographically diverse than Sugar River Bank.

Regional players

• Sturdy Savings Bank: New Jersey community savings bank with personal and business banking products and a community focus. Operates in a different geography but shares the small savings-bank model, deposit-and-lend balance sheet, and local decisioning approach.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sugarriverbank
• Instagraminstagram.com/sugarriverbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Sugar River Bank