Middletown Valley Bank
Middletown Valley Bank is a Maryland-chartered community bank founded in 1908, serving individuals, businesses, non-profits, and agricultural borrowers across four Mid-Atlantic counties via 9 branches and digital channels, operating as a subsidiary of Community Heritage Financial, Inc. (OTCQX: CHFI).
- Company typePrivate
- Founded1908
- HeadquartersMiddletown, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Middletown Valley Bank does
Middletown Valley Bank is a Maryland-chartered community bank operating since 1908, headquartered in Middletown, Maryland and serving Frederick, Washington, and Garrett counties in Maryland plus Franklin County, Pennsylvania through a network of 9 physical branches and complementary digital channels (online banking, iOS/Android mobile app, ATM network, digital wallets, and Zelle). The bank is a wholly owned subsidiary of Community Heritage Financial, Inc. (OTCQX: CHFI), a holding company formed in 2018.
The bank operates two primary customer segments — Individual Consumers and Business Banking (including non-profits, municipalities, and agricultural borrowers) — offering a full suite of deposit products (checking, savings, money market, CDs), consumer and commercial lending (auto, personal, HELOC, CRE, acquisition, ag), credit cards issued through Elan Financial Services, cash management (Positive Pay, Remote Deposit Capture, ACH/wires), merchant services via USB Payment Processing, and residential mortgages through the MVB Home Loans subsidiary (formerly Mlend, acquired 2019). Technology is a standard core banking platform augmented by third-party integrations (QuickBooks, Xero, FreshBooks, Clover POS) and a digital wallet-ready mobile app.
Revenue is generated primarily through net interest income on a $947.9 million loan book and $1.15 billion in total assets (Q1 2026), supplemented by transaction-based non-interest income (deposit service charges, interchange, merchant processing fees, wire/ACH, and overdraft). Pricing is structured across subscription-fee account tiers (with $100-$2,500 minimum-balance waivers) and item-based business checking. Q1 2026 produced record net income of $2.9 million (+51.5% YoY) on a net interest margin of 3.62%, supported by loan portfolio growth of 6.2% YoY. A Q3 2025 credit loss reserve related to internal theft on a commercial loan introduced a one-time profitability drag.
Middletown Valley Bank firmographics
Firmographics- Name
- Middletown Valley Bank
- Legal name
- Middletown Valley Bank
- Website
- https://mvbbank.com
- Company type
- Private
- Founded year
- 1908
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Middletown Valley Bank is a Maryland-chartered community bank founded in 1908, serving individuals, businesses, non-profits, and agricultural borrowers across four Mid-Atlantic counties via 9 branches and digital channels, operating as a subsidiary of Community Heritage Financial, Inc. (OTCQX: CHFI).
- Ownership category
- akta.pro rank
Middletown Valley Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
- akta.pro secondary industry
- Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Middletown Valley Bank is headquartered
LocationHeadquarters
- HQ city
- Middletown
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
Middletown Valley Bank 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
- Net Interest Income: Primary revenue stream from interest earned on loans (commercial real estate, agricultural, auto, personal) and investment securities. Balance sheet reached $1.15 billion with loan balances of $947.9 million as of March 2026. Net interest margin improved to 3.62% reflecting repricing of fixed rate loans and falling cost of funds.
- Non-Interest Income: Fee income from deposit account service charges, credit card interchange fees, merchant services, cash management fees, and loan-related fees. Includes wire transfer fees, overdraft protection fees, andATM transaction fees.
- Credit Card Revenue: Interchange fees and interest income from credit card portfolio issued through Elan Financial Services partnership. Multiple card products including rewards, cash back, and secured cards.
- Merchant Services: Payment processing revenue through USB Payment Processing partnership. Credit and debit card processing, mobile payments, gift cards, and recurring billing services for business customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Everyday Checking - Basic checking with debit card rewards |
| Subscription | Monthly | Senior Checking - No minimum balance for ages 55+ |
| Subscription | Monthly | Hero Checking - No surcharge ATMs for community heroes |
| Subscription | Monthly | Legacy Interest Checking - Interest-bearing with $2,500 minimum |
| Transaction based/ take rate | Monthly | Core Business Checking - Up to 250 items free monthly |
| Transaction based/ take rate | Monthly | Exceptional Business Checking - Up to 750 items free |
| Subscription | Monthly | Personal Savings - $100 minimum balance |
| Subscription | Monthly | Business Money Market - Tiered rates with $2,500 minimum |
| Subscription | Multi-year contract | Personal Certificate of Deposit - $1,000 minimum |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Middletown Valley Bank product offering
Product offeringCore offering
Middletown Valley Bank is a Maryland-chartered community bank providing deposit accounts, consumer and commercial loans, cash management, and merchant payment processing to individuals and businesses in western Maryland and southern Pennsylvania. Operating through nine branches plus online and mobile channels, the bank serves both retail and commercial customers with checking, savings, HELOC, credit card, and treasury management products. It is a wholly owned subsidiary of Community Heritage Financial, Inc. (OTCQX: CHFI).
Product overview
Middletown Valley Bank is a regional community bank serving Frederick, Washington, and Garrett counties in Maryland and Franklin County in Pennsylvania since 1908. The bank operates as a subsidiary of Community Heritage Financial, Inc. (CHF) and offers a comprehensive suite of banking products through two primary segments: Personal Banking (checking, savings, credit cards, HELOCs, personal loans, and retirement accounts) and Business Banking (commercial lending, cash management, merchant services, and business deposit accounts). The bank's digital banking platform provides online and mobile banking capabilities. Through its subsidiary MVB Home Loans (formerly Mlend, acquired 2019), the bank offers residential mortgage lending. Additional services include merchant services via USB Payment Processing partnership, cash management tools, and person-to-person payment capabilities including Zelle.
Differentiator
Problem solved
Functional benefit
Brands
- MVB Home Loans: Residential mortgage lending division of Middletown Valley Bank, offering a variety of mortgage solutions. Formerly operated as Mlend, it was rebranded in 2025.
- SmartFlex HELOC
Products and services
- Personal Checking
Quantifiable outcome
- Net interest margin improved to 3.62% from 3.36% year-over-year due to repricing of fixed rate loans and falling cost of funds
- +2 more outcomes
Companies that use Middletown Valley Bank
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles3 records
Middletown Valley Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature5 records
Middletown Valley Bank partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- USB Payment ProcessingcoreStrategic partnership with USB Payment Processing to provide merchant card services. USB offers competitive processing rates, no hidden fees, and solutions for retail, medical, restaurant, B2B, nonprofit sectors. Provides Clover POS systems, QuickBooks integration, and compliant surcharging options.
- Elan Financial ServicescoreCredit card issuing partner providing Zero Fraud Liability protection. Elan Financial Services issues Visa and Mastercard products including Everyday Rewards+, Max Cash Preferred, Travel Rewards+, Reserve Rewards+, College Real Rewards, Max Cash Secured, and Secured Cards. Handles card processing and customer service.
- Community Heritage Financial, Inc.coreParent holding company of Middletown Valley Bank formed in 2018. Community Heritage Financial acquired Millennium Financial Group (dba Mlend, now MVB Home Loans) in 2019. Investors can access information at communityheritageinc.com.
Scale indicators9 records
Recent moves8 records
Expansion highlights4 records
Middletown Valley Bank competitors and assessment
Company assessmentDirect peers
- ACNB Corporation: Community bank holding company headquartered in Gettysburg, PA, serving south-central Pennsylvania and northern Maryland — including Franklin County, where MVB operates the Waynesboro branch. Comparable asset base, similar community-bank model, overlapping geographic footprint.
- First United Corporation: Community bank holding company based in Oakland, Maryland, serving Garrett County and surrounding Western Maryland markets — directly overlapping with MVB's Oakland branch. Closely comparable community-bank model and Mid-Atlantic regional focus.
- F&M Trust: Franklin County, Pennsylvania community bank offering similar personal/business banking, lending, and digital services. Direct geographic overlap with MVB's Waynesboro branch in Franklin County, PA.
- Citizens & Northern Corporation: Pennsylvania-based community bank holding company with similar size and community-bank model serving rural/small-metro PA markets. Comparable asset size and product suite.
- Orrstown Financial Services: Pennsylvania community bank holding company with comparable balance sheet size, full personal/business banking product set, and similar community-bank positioning in South Central PA.
Broad incumbents
- Sandy Spring Bancorp: Larger Maryland-based community bank holding company with substantially greater scale, broader geographic reach across the DC/MD corridor, and a wider commercial banking product set — a logical larger peer for MVB.
- Atlantic Union Bankshares: Large Mid-Atlantic regional bank holding company serving Virginia, Maryland, and North Carolina. Operates a comparable full-service community-banking model but at materially greater scale and geographic breadth.
- WesBanco: Multi-state community-focused bank holding company serving the Mid-Atlantic and Midwest with a similar relationship-based commercial and retail banking model but significantly larger asset base.
Regional players
- Tompkins Financial: Northeast U.S. community bank holding company with comparable size and full-service banking product mix; serves a different (NY/PA) geography but operates a closely analogous community-bank model.
Others
- Elan Financial Services: Credit card issuance partner for MVB through a 'Them to Us' relationship. Not a direct competitor, but a relevant ecosystem participant given that credit card revenue is a stated non-interest income stream for MVB.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Middletown Valley Bank social profiles
Digital presenceMiddletown Valley Bank compliance and trust
Trust signalCompliance1 record
Middletown Valley Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Middletown Valley Bank leadership team
Management profileNumber of profiles
Profiles13 records
Middletown Valley Bank subsidiaries and ownership
Company hierarchySubsidiaries2 records
Middletown Valley Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Middletown Valley Bank 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 Middletown Valley Bank
What does Middletown Valley Bank do?
Middletown Valley Bank is a Maryland-chartered community bank providing deposit accounts, consumer and commercial loans, cash management, and merchant payment processing to individuals and businesses in western Maryland and southern Pennsylvania. Operating through nine branches plus online and mobile channels, the bank serves both retail and commercial customers with checking, savings, HELOC, credit card, and treasury management products. It is a wholly owned subsidiary of Community Heritage Financial, Inc. (OTCQX: CHFI).
Is Middletown Valley Bank a public or private company?
Middletown Valley Bank is a private company. It is classified as corporate owned and is currently operating.
When was Middletown Valley Bank founded?
Middletown Valley Bank was founded in 1908. It employs 51 to 100 people.
Where is Middletown Valley Bank based?
Middletown Valley Bank is headquartered in Middletown, United States, in the North America region.
How does Middletown Valley Bank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income, credit Card Revenue and merchant Services.
Who are Middletown Valley Bank's main competitors?
Direct peers on record are ACNB Corporation, First United Corporation, F&M Trust, Citizens & Northern Corporation and Orrstown Financial Services. Broad incumbents are Sandy Spring Bancorp, Atlantic Union Bankshares and WesBanco. Tompkins Financial is listed as a regional player. Elan Financial Services is listed as an others.
Does Middletown Valley Bank have an API?
No public API is recorded for Middletown Valley Bank.
What industry is Middletown Valley Bank in?
Middletown Valley Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSABAAAC, Credit Cards & Revolving Credit. Its NAICS code is 52211 and its SIC code is 6022.