First National Bank of Dryden

What First National Bank of Dryden does

First National Bank of Dryden is a privately held, federally chartered national bank founded in 1902 and headquartered in Dryden, New York, serving individuals, small and medium businesses, and farmers across Tompkins County, Cortland County, and surrounding Upstate New York communities. The bank operates four physical branches in Dryden (West Main and North Street), Cortland, and Homer, complemented by a contact center, web-based digital banking, and a mobile banking application available on iOS and Android. Its product set spans retail and business deposit accounts (checking, savings, money market, HSAs, CDs, IRAs), residential and commercial mortgages, consumer and agricultural loans, Visa credit cards, merchant services, and the Dryden 360 personal financial management tool, with a stated policy of local mortgage servicing and no secondary-market loan sales.

Revenue is generated primarily through net interest income on its loan portfolio — including mortgages, home equity, commercial, agricultural, auto, and consumer loans — supplemented by deposit account service charges, transaction-based fees (overdraft, stop payment, wire transfers, safe deposit box), merchant services fees, and a $4.95/month Bill Pay subscription. Distribution is community-led, relying on local branch presence, community involvement with municipal and civic organizations in Dryden, Cortland, and Homer, and word-of-mouth referrals rather than digital marketing at scale. The bank is FDIC-insured, designated an Equal Housing Lender, and led by President & CEO Clinton S. Brooks (appointed 2020) under Chairman William J. Pomeroy, with technology largely delivered through the third-party Banno digital banking platform rather than proprietary in-house systems.

Name

First National Bank of Dryden

Legal name

First National Bank of Dryden

Website

https://drydenbank.com

Company type

Private

Founded year

1902

Operating status

Operating

Headcount range

11–50 employees

Short description

First National Bank of Dryden is a privately held, FDIC-insured community bank founded in 1902, operating four branches in Upstate New York to provide personal, business, and agricultural banking — including deposits, mortgages, loans, and digital banking — to residents and SMBs in Tompkins and Cortland Counties.

Ownership category

akta.pro rank

Headquarters

HQ city

Dryden

HQ country

United States

HQ region

North America

Offices4 records

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 earned on loans including residential and commercial mortgages, home equity loans, business loans, auto loans, consumer goods loans, farm/agricultural loans, and Visa credit card services.
2. Deposit Account Fees: Monthly maintenance charges, per-check fees, ACH debit fees, ATM/debit card fees, and various account service charges for checking, savings, and money market accounts when minimum balance requirements are not met.
3. Bill Pay Services: Bill Pay service available through digital banking, charged at $4.95 per month, with first three months free for enrolled customers.
4. Miscellaneous Banking Fees: Overdraft fees ($35/item), returned check fees ($35/item), stop payments ($30), wire transfer fees (domestic $20, foreign $40 outgoing), safe deposit box fees, check printing charges, and other ancillary banking service fees.
5. Business Banking Services: Business checking accounts with merchant services, including monthly maintenance fees waived for balances over $10,000 per statement cycle, per-transaction fees for checks and ACH debits.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels1 record

Core offering

First National Bank of Dryden is an FDIC-insured community bank offering personal and business deposit accounts, mortgage and consumer loans, agricultural lending, merchant services, Visa credit cards, and digital/mobile banking services. It serves individuals, small-to-medium businesses, and farm operations across Tompkins and Cortland Counties in Upstate New York through four physical branch locations plus online and mobile channels.

Product overview

First National Bank of Dryden is a locally-owned community bank offering a unified banking platform with digital and mobile channels. The core product is Digital Banking (online and mobile access) which incorporates Dryden 360 as a personal financial management add-on. Supporting products include mortgage services, remote deposit capture, bill pay, merchant services, Visa credit cards, and various deposit accounts (checking, savings, CDs, IRAs). All services are designed for local community banking in Tompkins and Cortland Counties, New York.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Banking Online and mobile banking platform providing account access, transfers, eStatements, bill pay, person-to-person payments, and stop payments with 128-bit SSL encryption. Designed for personal and business customers in the bank's Upstate New York service area.
• Mortgage Services Residential and commercial mortgage products with local servicing, competitive rates, and no application fee until approval. Mortgages are not sold on the secondary market.
• Merchant Services Business payment processing services for merchant transactions, integrated with the bank's business checking accounts.
• Visa Credit Card Credit card services branded under Visa for consumer transactions and statement access via the bank's online portal.
• Deposit Accounts Various checking and savings accounts including Free Regular Checking, Senior Account, NOW Account, Health Savings Account, Christmas Club, Statement Savings, and Money Market accounts. Some accounts are free with direct deposit or age 50+.
• Certificate of Deposit / IRA Fixed and variable rate Certificate of Deposit and IRA products with various term options and minimum balance requirements, including a Golden IRA product with $100,000 minimum.
• Farm and Agricultural Loans Specialized agricultural lending for local farmers including milk shipping loans, grain production loans, and tractor equipment financing.
• Business Checking Business checking accounts with monthly maintenance fees waived for balances over $10,000 per statement cycle, plus per-transaction fees for checks, ACH debits, and ATM/debit card use.

Quantifiable outcome

• Local mortgage servicing - mortgages are not sold on secondary market
• +2 more outcomes

Named customers2 records

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

Two partnerships are on record, tiered minor.

• Another Financial Institution (Unnamed)minorGTM or Marketing PartnerJoint marketing partner as referenced in privacy policy. No specific details on partnership terms or duration provided.
• Check Printing Companies (Unnamed)minorGTM or Marketing PartnerJoint marketing partner providing check printing services. Listed in privacy policy under joint marketing partners section.

Scale indicators4 records

Recent moves12 records

Expansion highlights4 records

Broad incumbents

• KeyBank: Large regional bank with branches across Upstate NY. Competes for the same consumer and small business deposits and loans but with significantly broader scale, product set, and balance sheet capacity.
• M&T Bank: Large regional bank with extensive Upstate NY branch presence including the Ithaca/Cortland market. Overlaps FNBD on consumer and small business banking but as part of a much broader footprint and product portfolio.

Direct peers

• NBT Bank, N.A. Regional community bank headquartered in Norwich, NY with significant Upstate New York branch presence. Competes directly with FNBD for consumer and small business deposits, mortgages, and ag lending in central NY counties.
• Five Star Bank: Upstate NY community bank serving similar rural and small-metro markets with consumer and business banking products. Comparable in geographic footprint philosophy (community-focused branches in smaller Upstate NY towns).
• Community Bank, N.A. Mid-sized community bank with significant Upstate NY presence (Cortland, Ithaca, Syracuse branches). Competes directly in deposit, mortgage, and small business lending markets overlapping FNBD's footprint.
• Trustco Bank: Upstate NY headquartered community bank offering traditional checking, savings, mortgages, and consumer lending. Similar small-town deposit-gathering model with comparable product menus and geographic philosophy.
• Chemung Canal Trust Company: Upstate NY community bank offering personal and business banking, mortgages, and wealth services. Operates with a similar independent, locally-decisioned model across overlapping central and western NY markets.
• Lyons National Bank: Independently-owned community bank in Upstate NY with a similar size, footprint philosophy, and product mix (checking, savings, mortgages, ag lending). Comparable small-scale, locally-owned community banking model.
• Tompkins Trust Company (Tompkins Financial Corporation): Community-focused bank headquartered in Ithaca, NY serving Tompkins County and surrounding Upstate NY. Operates the same independent, locally-decisioned community banking model with personal and business banking products in overlapping markets.

Regional players

• Berkshire Bank: Community-focused bank serving the Northeast US including parts of New York. Comparable in product mix (checking, mortgages, business banking) and independent community banking heritage, though primarily New England/MA-NY focused rather than directly in FNBD's Upstate NY counties.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

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 First National Bank of Dryden