Arundel Federal Savings Bank

What Arundel Federal Savings Bank does

Arundel Bank (formerly Arundel Federal Savings Bank) is a community-owned mutual savings bank founded in 1906 and headquartered in Glen Burnie, Maryland, operating four remaining physical branches across Central Maryland (Annapolis, Glen Burnie, Pasadena, Severna Park) following the announced December 2025 closure of its Brooklyn branch. The bank is 100% depositor-owned rather than shareholder-owned, is FDIC insured, and serves Maryland households and small-to-medium businesses with a relationship-based, locally-decided lending model.

The product portfolio spans three core lines: Business Banking (checking accounts and commercial loans for SMBs across grow, cash-flow management, and expansion use cases), Personal Banking (checking, savings, CDs/IRAs, and personal loans), and a Mortgage Center covering residential and rental-property lending. Distribution combines four physical branches with a self-serve online banking platform (online.arundelfederal.com), iOS and Android mobile apps offering mobile deposit, bill pay, and debit card controls, and online account opening for Maryland residents. Marketing channels include the corporate website and a community-focused social media presence across Facebook, LinkedIn, YouTube, and Instagram.

The bank generates revenue through traditional community-banking streams: net interest income on business, personal, and mortgage loans; deposit-account-related fees on checking, savings, CDs, and IRAs; and transaction-based mortgage origination revenue. Pricing is not publicly disclosed; rates are quoted at branch or upon inquiry. Leadership is led by President and CEO Matthew Mullen with John Marzullo as CFO, supported by a small executive team covering retail, commercial and residential lending, deposit operations, IT, risk/compliance, and HR. Strategic posture in 2025 reflects defensive modernization: a rebrand from Arundel Federal Savings Bank to Arundel Bank, digital channel expansion, and selective branch rationalization.

Name

Arundel Federal Savings Bank

Legal name

Arundel Federal Savings Bank

Website

https://arundelfederal.com

Company type

Private

Founded year

1906

Operating status

Operating

Headcount range

11–50 employees

Short description

Arundel Bank is a community-owned Maryland savings bank founded in 1906 that provides business banking, personal banking, and mortgage products to households and SMBs across Central Maryland through four branches and digital channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Community banking
• Retail banking services
• Commercial lending
• Mortgage origination
• Deposit accounts

Headquarters

HQ city

Glen Burnie

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including business loans, personal loans, and mortgages
2. Deposit Account Fees: Fee income from checking accounts, savings accounts, CDs, and IRAs
3. Mortgage Lending: Revenue from residential mortgage originations and lending

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Arundel Federal Savings Bank (dba Arundel Bank) is a mutual community savings bank that takes deposits and originates personal, business, and residential mortgage loans for individuals, families, and small businesses across Central Maryland. Services include checking, savings, certificates of deposit (CDs), IRAs, business checking, commercial and personal loans, and home mortgage products, supported by branch, online, and mobile banking channels.

Product overview

Arundel Bank (formerly Arundel Federal Savings Bank) is a community bank established in 1906 offering a unified banking platform with integrated products for both personal and business customers. The product portfolio centers on three core offerings: Business Banking (comprising Business Checking and Business Loans with sub-features for growing, cash flow management, and expansion), Personal Banking (including Checking, Savings, Certificates & IRAs, and Personal Loans), and a Mortgage Center. A Mobile Banking App provides digital access across iOS and Android platforms. All services emphasize local Maryland-based decision-making, relationship banking, and accessibility to bank leadership.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Checking Straightforward checking accounts designed for everyday business needs, part of the Business Banking suite for Maryland businesses. Includes features tied to cash flow management, deposits, and online/mobile access.
• Business Loans Commercial lending solutions with local decision-making authority, built for Maryland small and medium-sized businesses to grow, manage cash flow, and expand or upgrade operations.
• Personal Checking Everyday personal checking accounts designed for how individual customers spend, save, and manage life, backed by local support and mobile/online access.
• Personal Savings Simple savings account options for building and growing personal savings balances at Arundel Bank.
• Certificates & IRAs Steady, long-term savings and retirement solutions including Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) for personal customers seeking peace-of-mind savings products.
• Personal Loans Flexible personal lending solutions for life's planned purchases and unexpected expenses, available to individual customers in Maryland.
• Mortgage Center Residential mortgage origination services for homebuyers and rental property investors in Maryland, delivered by a local mortgage team with starter-home through forever-home product coverage.
• Mobile Banking App Mobile banking application available on iOS and Android enabling Arundel Bank customers to deposit checks, pay bills, manage debit card controls, and conduct secure online banking from their phone, backed by local support.

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Howard Bank: Maryland-based community bank serving Baltimore-area individuals and businesses with deposits, lending, and treasury products — directly comparable in scale, segment focus, and Central Maryland footprint to Arundel Bank.
• Sandy Spring Bank: Maryland-headquartered community bank offering business banking, personal banking, and mortgages to individuals, families, and businesses across Central Maryland and the Mid-Atlantic — the closest direct comparable to Arundel Bank in geography, customer profile, and product mix.
• Severn Savings Bank: Maryland-based savings institution headquartered in Annapolis providing personal and business banking services to Central Maryland customers — a near-direct peer given overlapping Central Maryland geography and mutual/savings charter positioning.
• Monument Bank: Bethesda, Maryland-based community bank focused on local relationship banking for individuals, families, and businesses in the DC-Maryland corridor — comparable as a similarly sized Maryland-domiciled independent community bank.
• Queenstown Bank: Eastern Shore Maryland community bank providing personal and business banking with a relationship-driven model — comparable as a Maryland-headquartered independent community bank emphasizing local service.

Broad incumbents

• Truist Financial: Top-10 U.S. bank with extensive Maryland franchise formed via BB&T/SunTrust merger — competes with Arundel across deposit, lending, and mortgage products in Central Maryland with substantially greater resources.
• WesBanco: Mid-Atlantic regional bank with branches across Maryland, West Virginia, Ohio, and Pennsylvania offering consumer and commercial banking — comparable as a community-focused regional bank operating in Maryland while being larger and more geographically diversified.
• M&T Bank: Large regional bank with significant Maryland branch presence offering the full suite of personal, business, and mortgage banking — competes head-on with Arundel Bank for Central Maryland customers while operating across multiple states at much greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@arundelbank?si=wp9Os0Wln59LJTwb
• Facebookfacebook.com/arundelbank
• LinkedInlinkedin.com/company/arundel-federal-savings-bank
• Instagraminstagram.com/arundelbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Arundel Federal Savings Bank