Cfsbank

What Cfsbank does

cfsbank (legal name: Community Federal Savings Bank, formerly Charleroi Federal Savings) is an independent mutual savings bank founded in 1935 and headquartered in Charleroi, Pennsylvania. The bank operates 10 retail branches across four southwestern Pennsylvania counties (Butler, Fayette, Washington, and Westmoreland) and is regulated by the Office of the Comptroller of the Currency (OCC). It serves individual consumers, small-to-medium businesses, and employer groups through a traditional community bank product set: free and interest-bearing checking, money market and CD accounts, traditional and club savings, IRAs, Visa credit and debit cards, mortgages (including FHA, VA, USDA, Jumbo and second-mortgage products extended through its 2024 Sail Mortgage acquisition), home equity loans and HELOCs, unsecured personal loans, and PA Forward student loans distributed via a PHEAA partnership. Real estate title and closing services are offered through its Delta Closing Services subsidiary. The technology stack is conventional third-party vendor infrastructure: a Fiserv-powered mobile banking app with iOS and Android versions, Zelle payments, Apple/Google/Samsung Pay debit card tokenization, and the Freedom ATM Alliance for surcharge-free ATM access. cfsbank earns revenue primarily through net interest income on loans and deposits, supplemented by mortgage origination fees (Sail Mortgage), title and closing fees (Delta), transaction and account fees, and interchange. Distribution is direct-to-consumer across branch, online, and mobile channels plus a workplace banking program offered to employers as an employee benefit. In April 2025 the bank entered into an OCC consent order for BSA/AML compliance deficiencies tied to its growth via fintech partnerships and payment processing, and is currently executing a remediation program.

Name

Cfsbank

Legal name

Community Federal Savings Bank

Website

https://cfsbank.bank

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

101–250 employees

Short description

Cfsbank is an independent mutual savings bank founded in 1935 in Charleroi, Pennsylvania, operating 10 branches across four southwestern Pennsylvania counties and serving retail consumers, small-to-medium businesses, and employer groups with deposit, mortgage, home equity, personal loan, and student loan products.

Ownership category

akta.pro rank

Product category

Retail and Community Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (522110)

SIC

Savings Institution, Federally Chartered (6035), National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Public Sector & Municipal Credit Unions (FSABAEAK)

akta.pro secondary industries

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Retail banking services
• Community banking
• Mortgage lending
• Commercial lending
• Personal banking products

Headquarters

HQ city

Charleroi

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Traditional banking revenue from the spread between interest earned on loans and interest paid on deposits. Includes mortgage lending, home equity loans, commercial lending, and consumer loans.
2. Banking Fees and Service Charges: Fees from account maintenance, transactions, overdrafts, wire transfers, safe deposit boxes, and other banking services.
3. Mortgage Banking: Revenue from mortgage originations through Sail Mortgage acquisition, including FHA, VA, USDA, Jumbo, and second mortgage financing.
4. Title and Closing Services: Revenue from Delta Closing Services providing real estate closing and title insurance services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

cfsbank is an independent mutual savings bank that provides retail and commercial banking products to individuals, families, and small-to-medium businesses across southwestern Pennsylvania through 10 branch locations and digital channels. Core offerings include deposit accounts (checking, savings, CDs, IRAs), consumer and commercial loan products (mortgages, home equity, personal loans, student loans, commercial lending), and complementary services such as mobile/online banking, debit/credit cards, and workplace banking programs.

Product overview

Cfsbank is a community bank offering a comprehensive suite of personal and business banking products through a network of 10 branch locations. The core banking platform includes checking accounts (Free Checking, Interest Checking, Preferred Interest Checking), savings products (Traditional Savings, Money Market, CDs, IRAs, Club Savings), credit cards (Visa Credit Card with Cash Rewards and Excursion variants), and debit cards. The loan portfolio encompasses mortgage products (standard mortgages, First Time Home Buyer program, Pathway Home Loan for low-to-moderate income buyers), home equity solutions (fixed-rate loans and HELOC), personal loans, and student loans through the PA Forward program. Digital banking services are delivered via mobile app (powered by Fiserv) and online banking platform supporting Zelle payments, bill pay, eStatements, and account management. Recent growth initiatives include acquisition of Sail Mortgage (offering FHA, VA, USDA, Jumbo products) and Delta Closing Services, both integrated into the Seven Fields location. The bank also operates cfsbank Event Center through a partnership with Black Bear Sports Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Free Checking Personal checking account with no monthly service charge, no minimum balance requirements, free online banking, free online bill pay, free phone banking, free ATM transactions at Freedom ATM Alliance machines, and free first order of checks.
• Interest Checking Interest-bearing checking account with $50 minimum opening balance, unlimited check writing, Visa Check Card access, overdraft protection available with Statement Savings, and direct deposit capability.
• Money Market Account Tiered interest-bearing savings account with $100 minimum opening balance. Interest is compounded and credited quarterly.
• Certificates of Deposit (CDs) Time deposit savings products with competitive fixed interest rates for various term lengths.
• Traditional Savings Savings account with $50 minimum opening amount, interest compounded and credited quarterly, monthly statement issued for active accounts.
• Club Savings (Christmas Club, Vacation Club) Designated savings accounts for specific savings goals. Christmas Club has $10 minimum opening and matures in October; Vacation Club matures in March.
• IRAs Individual Retirement Accounts for tax-advantaged retirement savings.
• Visa Credit Card Credit card offering competitive APRs with no annual fee. Available in Cash Rewards (1% cash back) and Excursion (2% cash back on travel and dining) variants.
• Visa Debit Card Debit card with free ATM transactions at Freedom ATM Alliance machines. Supports Apple Pay, Google Pay, and Samsung Pay digital wallets.
• Mortgage Loans Fixed-rate mortgage products with terms up to 30 years, no pre-payment penalties, 5% down payment with PMI, and 85% Loan-to-Value without PMI. Includes First Time Home Buyer program with discounted rates and $250 lender credit.
• Home Equity Loans Fixed-rate home equity loans with terms up to 240 months, maximum loan amount at 85% of appraised value, competitive rates, and interest potentially tax deductible.
• Preferred Home Equity Line of Credit (HELOC) Variable-rate revolving credit line secured by home equity with access via check, competitive variable interest rate tied to WSJ Prime Rate, minimum APR of 2.99%, maximum APR of 18.00%.
• Unsecured Personal Loans Personal loans ranging from $2,500 to $25,000 for various personal financial needs without collateral requirements.
• PA Forward Student Loans Private education loan program through PHEAA for PA residents and students from approved states attending PA schools. Features no application or origination fees, low fixed interest rates, multiple repayment options, and potential interest rate rewards.
• COINS Account (Student Savings) Savings account for children ages 5 and up with $5 minimum to open, no monthly fees, no minimum balance requirement, 1.00% APY interest, optional ATM card, and free online and mobile banking.
• CASH Account (Student Checking) Checking account for children ages 10 and up with optional debit card and Apple Pay, Google Pay, and Samsung Pay availability.
• Mobile Banking App Mobile application powered by Fiserv enabling customers to deposit checks, manage cards (add/turn on/off), manage travel plans, transfer money between accounts, pay bills online, use Zelle, locate branches and ATMs, and access account information. Available for iPhone and Android.
• Online Banking Internet banking platform providing 24/7 access to accounts for viewing transactions, managing finances, paying bills, and sending/receiving money via Zelle.
• Workplace Banking Employer-sponsored banking program featuring Workplace Checking with $50 minimum deposit and no monthly fees; Workplace Money Market; Workplace CD/IRA with 0.25% rate bonus; and Workplace Banking Loan Perks including application fee waivers and rate discounts.
• Sail Mortgage Full-service mortgage company offering FHA, VA, USDA, Jumbo, and second mortgage financing for both purchase and refinance transactions. Headquartered at Seven Fields office following April 2024 acquisition.
• Delta Closing Services Real estate closing and title insurance services provider with over 50 years of experience. Operates as wholly owned subsidiary through Challenge Inc.
• Business Banking Services Business banking products including commercial lending, cash management, deposit products, and business checking solutions.

Named customers3 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

Integration3 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Citadel Construction GroupminorOthers · 25 September 2025Construction partner for new Connellsville branch location. Eric W. Smith is Senior Project Manager for Citadel Construction Group.
• PHEAA (Pennsylvania Higher Education Assistance Agency)coreStrategic or Co-development Partner · 24 June 2025cfsbank partnered with PHEAA to offer student loans for those entering college. PHEAA's PA Forward Student Loan Program offers private education loan options for PA residents and students from approved states attending PA schools.
• 100.7 Star RadiominorGTM or Marketing Partner · 10 February 2025Marketing partnership with 100.7 Star radio station. cfsbank appears on the station to discuss banking products including Free Checking and Custom Business Checking.
• Special Olympics PennsylvaniaminorOthers · 1 February 2025cfsbank team participated in Polar Plunge event raising $16,650 for Special Olympics Pennsylvania athletes in the Three Rivers region.
• Mon Valley Regional Chamber of CommerceminorGTM or Marketing Partner · 1 January 2025Active participation in chamber events including ribbon cuttings, networking events, and community initiatives.
• Sail Mortgage Corp.coreStrategic or Co-development Partner · 1 April 2024cfsbank completed acquisition of assets for Wexford-based mortgage company Sail Mortgage. Sail Mortgage offers full range of mortgage products including FHA, VA, USDA, Jumbo, and second mortgage financing. Now headquartered at Seven Fields office with 17 employees.
• Delta Closing ServicescoreStrategic or Co-development Partner · 1 April 2024Challenge Inc., a wholly owned subsidiary of cfsbank, completed asset purchase of Delta Appraisal and Closing Services. Delta has over 50 years of experience providing real estate closing and title insurance services.
• Black Bear Sports Group, Inc.minorStrategic or Co-development Partner · 1 February 2023Partnership with Black Bear Sports Group for naming rights of Rostraver Ice Garden, now known as cfsbank Event Center. Multi-purpose venue with 2,500-seat arena, banquet center, and outdoor area.

Scale indicators7 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• S&T Bank: S&T Bank is a community-focused commercial bank headquartered in Indiana, Pennsylvania, with branches across western and central Pennsylvania. It is the closest direct comparable to cfsbank in footprint, mutual/community heritage, product mix, and SMB lending orientation.
• Fidelity Deposit and Discount Bank: Fidelity Deposit and Discount Bank is a Pennsylvania community bank headquartered in Dunmore serving consumers and small businesses with checking, lending, and digital banking. Comparable mutual/community heritage and Mid-Atlantic community banking model.
• First Commonwealth Financial Corporation: First Commonwealth is a Pennsylvania-headquartered community bank serving individuals and small businesses through branches across western and central PA. Overlapping Mon Valley-style footprint and similar commercial and consumer banking products make it a direct comparable.
• Embassy Bank for the Lehigh Valley: Embassy Bank is a Pennsylvania community bank serving the Lehigh Valley with consumer, mortgage, and small business products. While geographically distinct, its size, community banking model, and product breadth parallel cfsbank.
• Penn Community Bank: Penn Community Bank is a Pennsylvania-based community bank formed from the merger of multiple local institutions, serving consumers and small businesses with deposit, lending, and digital banking products. Its community-bank operating model and Pennsylvania footprint make it a close structural comparable.
• ESSA Bank & Trust: ESSA Bank & Trust is a Pennsylvania-based community savings bank offering deposit, mortgage, and wealth products to individuals and businesses. Its mutual-savings heritage and full community banking suite closely mirror cfsbank's profile.
• Centric Bank: Centric Bank is a Pennsylvania-based community bank serving small businesses and consumers with deposit, lending, and digital banking services. Its size, SBA and commercial lending focus, and Pennsylvania footprint make it a meaningful comparable.

Broad incumbents

• Univest Financial Corporation: Univest is a Pennsylvania-based bank and financial services holding company offering banking, mortgage, and wealth solutions across southeastern PA. It is a broader-incumbent community banking peer with overlapping consumer and SMB product lines.
• F.N.B. Corporation: F.N.B. is one of the largest regional banks headquartered in Pittsburgh, with a dense southwestern Pennsylvania branch network overlapping cfsbank's geography. It offers the full suite of consumer, mortgage, wealth, and commercial products and represents the dominant broad incumbent competitor in cfsbank's market.
• Northwest Bank: Northwest Bank is a large regional bank with a significant presence in Pennsylvania and the broader Midwest, offering consumer and commercial products through an extensive branch and digital network. It is a broader incumbent competitor in cfsbank's geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/cfsbankpa
• Facebookfacebook.com/cfsbankPA
• LinkedInlinkedin.com/company/cfsbank2018

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 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 Cfsbank