Portage Community Bank

What Portage Community Bank does

Portage Community Bank is a privately held, FDIC-insured community bank founded in 1998 and headquartered in Ravenna, Ohio, serving Portage County and the surrounding regional market. The bank operates a traditional community banking franchise organized into two segments — personal banking and business banking — with 101-250 employees and a multi-channel distribution model combining physical branch locations with digital and telephone banking platforms.

The product portfolio spans consumer checking (Neighbor Rewards Checking with up to 4.00% APY, Neighbors Give Back Checking, Community Plus, Community Prestige), savings and time-deposit products (Neighbor Rewards Savings, Community Index Money Market, CDs, IRAs, HSAs, and a youth-targeted Lit'l Peoples Savings), consumer lending (home mortgages, home equity, auto, personal term loans, Visa credit cards), and a full small-business suite including three tiers of business checking (Performance, Core, Blue Chip), commercial real estate and equipment loans, business lines of credit and term loans, SBA 7(a) and 504 government-backed programs, merchant card services, Remote Deposit Capture, ACH & Wire, Positive Pay, Sweep Services, and QuickBooks integration. Technology assets are limited to a third-party digital banking platform (white-labeled via myebanking.net) and no proprietary software, patents, or APIs are disclosed.

The business model is that of a standard spread-based community bank: net interest income from mortgage, consumer, commercial real estate, and SBA lending is funded by deposits (checking, savings, money market, and CDs), supplemented by transaction fees from debit cards, merchant services, wire transfers, ACH, and account services. Customer acquisition is community-led through local branch presence, in-the-community engagement, social media (Facebook), and educational content; no customer logos, deposit/loan concentrations, or institutional investor relationships are disclosed, and the bank is conservatively financed with no recorded equity or debt raises.

Name

Portage Community Bank

Legal name

Portage Community Bank

Website

https://pcbbank.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Portage Community Bank is a privately held FDIC-insured community bank founded in 1998 in Ravenna, Ohio, offering personal and business checking, savings, lending, SBA loans, merchant services, and digital banking to consumers and small-to-mid-sized businesses in its regional Northeast Ohio footprint.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Community banking services
• Personal checking savings
• Small business lending
• SBA loan programs
• Digital banking channels

Headquarters

HQ city

Ravenna

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, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Interest Income: Traditional bank revenue from interest earned on loans including mortgages, personal loans, business loans, commercial real estate loans, and SBA loans. Interest is earned on both variable and fixed-rate products.
2. Banking Fees and Service Charges: Fee income from various banking services including account maintenance, debit cards, merchant card services, wire transfers, ACH services, and other account services.
3. Deposit-Based Revenue: Revenue generated from deposit accounts including checking, savings, money market accounts, and certificates of deposit (CDs), leveraging deposit funds for lending operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Portage Community Bank is a community bank that provides personal banking products (checking, savings, money market, CDs, IRAs, HSAs, mortgages, home equity, auto and personal loans, Visa credit cards) and business banking products (tiered business checking, business savings, commercial real estate, equipment, SBA, lines of credit, term loans, business credit cards), supported by digital and telephone banking, merchant services, Remote Deposit Capture, ACH/Wires, Sweep, Positive Pay, and QuickBooks integration.

Product overview

Portage Community Bank offers a comprehensive suite of traditional banking products organized into personal and business categories. The personal banking portfolio includes multiple checking account tiers (Neighbor Rewards Checking, Neighbors Give Back Checking, Community Plus Checking, Community Prestige Account), savings options (Neighbor Rewards Savings, Lit'l Peoples Savings Account, Community Statement Savings, Community Index Money Market, CDs, IRAs, HSAs), personal loans (home mortgages, home equity, auto, personal term loans), and personal Visa credit cards. The business banking suite encompasses three checking account types (Performance Business Checking, Core Business Checking, Blue Chip Business Checking), business savings products, various commercial lending options (commercial real estate, equipment, SBA loans, lines of credit, term loans), and business credit cards. Service offerings include digital and telephone banking for both personal and business customers, debit cards, merchant card services, Remote Deposit Capture, ACH & Wire Services, Sweep Services, Positive Pay fraud protection, and QuickBooks integration. The bank's products share a community-focused philosophy, with some accounts specifically designed to give back to local communities or teach youth financial literacy.

Differentiator

Problem solved

Functional benefit

Products and services

• Neighbor Rewards Checking Personal checking account offering up to 4.00% APY on balances up to $25,000 when qualification requirements (debit card transactions, direct deposit, electronic statements) are met, including cash back rewards and community banking features for individual consumers.
• Neighbors Give Back Checking Personal checking account that directs a portion of fees or interest to local community organizations, combining everyday banking with charitable giving for individual consumers.
• Community Plus Checking Personal checking account designed for customers needing additional banking services with enhanced features and ongoing support for individual consumers.
• Community Prestige Account Premium personal checking account with enhanced benefits and higher interest rates for customers with significant balances.
• Neighbor Rewards Savings Personal savings account earning competitive interest rates while maintaining easy access to funds, complementing the Neighbor Rewards Checking program.
• Lit'l Peoples Savings Account Savings account designed for children and youth to teach financial literacy and encourage saving habits from an early age.
• Community Statement Savings Basic savings account providing a safe place for deposits with competitive interest rates and no minimum balance requirements for personal savers.
• Community Index Money Market Money market account with interest rates tied to market indices, offering higher yields for larger balances with limited check-writing privileges.
• Certificates of Deposit (CDs) Fixed-term personal deposit accounts offering guaranteed returns with various maturity terms for personal savings goals.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts including Traditional, Roth, and SEP IRA options for long-term retirement planning by individual savers.
• Health Savings Accounts (HSAs) Tax-advantaged accounts for individuals with high-deductible health plans to save and pay for qualified medical expenses.
• Home Mortgage Loans Financing for purchasing or refinancing residential properties, including conventional and government-backed mortgage options for individual borrowers.
• Home Equity Loans Loans allowing homeowners to borrow against the equity in their homes, available as term loans or lines of credit for personal use.
• Auto Loans Financing for purchasing new or used vehicles with competitive rates and flexible repayment terms for individual borrowers.
• Personal Term Loans Unsecured personal loans with fixed repayment schedules and fixed interest rates for personal expenses by individual borrowers.
• Personal Visa Credit Cards Credit cards for personal use with reward programs and benefits, including fraud protection and travel perks, for individual cardholders.
• Performance Business Checking Business checking account designed for high-volume businesses with earnings credits to offset monthly fees.
• Core Business Checking Standard business checking account with essential features for small to medium-sized businesses.
• Blue Chip Business Checking Premium business checking account with enhanced services and features for established businesses.
• Community Business Statement Savings Business savings account offering competitive interest rates for business deposits.
• Community Business Money Market Account Business money market account with tiered interest rates and limited transaction capabilities for business cash management.
• Business Certificates of Deposit (CDs) Fixed-term business deposits with guaranteed returns and various maturity options for business cash management.
• Commercial Real Estate Loans Financing for commercial property purchases, construction, and refinancing for businesses and investors.
• Equipment Loans Loans specifically designed to finance the purchase of business equipment, machinery, and vehicles.
• Business Lines of Credit Revolving credit facilities allowing businesses to access funds as needed for working capital and operational expenses.
• Business Term Loans Fixed-term loans for business expansion, inventory purchases, and other long-term capital needs.
• Small Business Administration (SBA) Loans Government-backed SBA 7(a) and 504 loans for small business financing with favorable terms.
• Business Visa Credit Cards Credit cards designed for business use with expense management features, rewards, and fraud protection.
• Merchant Card Services Payment processing services for businesses to accept credit and debit card transactions.
• Remote Deposit Capture Service allowing businesses to deposit checks remotely by scanning and transmitting check images electronically.
• ACH & Wire Services Electronic funds transfer services for batch payments, direct deposit, vendor payments, and domestic/international wire transfers.
• Positive Pay Fraud prevention service that matches checks and electronic transactions against a business's issued payment records.
• Sweep Services Automated account management that sweeps excess funds into investment accounts or covers overdrafts from linked accounts.
• Digital Banking Online and mobile banking platform enabling personal customers to manage accounts, transfer funds, pay bills, and access statements.
• Business Digital Banking Online and mobile banking platform designed for business customers with enhanced features for cash management and multi-user access.
• QuickBooks Integration Integration with Intuit QuickBooks for business accounting and financial management synchronization.

Quantifiable outcome

• Up to 4.00% APY on Neighbor Rewards Checking balances up to $25,000
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• KeyBank: Large Ohio-based commercial bank with full-service consumer and business banking, commercial real estate, and SBA products — competes against Portage in the same Ohio market with much broader scale.
• Huntington Bancshares: Major Ohio-headquartered regional bank with comprehensive consumer, business, SBA, and digital banking offerings — directly competes for the same SMB and consumer relationships from a vastly larger scale and brand.

Direct peers

• Westfield Bank (Ohio): Ohio-based community bank with consumer and business deposit products, commercial lending, and community-brand positioning — directly competes for similar SMB and retail relationships in the same Midwestern footprint.
• S&T Bank: Pennsylvania-based community bank with personal/business banking, commercial lending, and SBA participation — directly comparable community-bank model, just across a neighboring state.
• Civista Bank: Ohio-headquartered community bank (Civista Bancshares) offering personal/business checking, loans, and mortgage products across a similar regional footprint — directly comparable in product mix and customer segments.
• Consumers National Bank: Ohio community bank offering personal and business banking, lending, and digital banking services in the same regional footprint — comparable scale and product suite to Portage.
• Farmers National Bank (Ohio): Ohio community bank providing commercial, agricultural, and consumer lending — comparable community-bank business model with multi-channel deposit and loan products in the same regional geography.
• Middlefield Banc Corp. Ohio-headquartered community bank serving personal and small-business customers with comparable deposit, loan, and SBA-style community lending products — most direct comparability in footprint and business model.
• First Financial Bancorp: Ohio-headquartered regional bank with personal/business banking, commercial lending, and SBA programs — larger than Portage but overlapping in product mix and regional customer base.

Emerging players

• Ally Bank: Direct/digital bank competing on deposit rates and frictionless onboarding — represents the fintech-adjacent competitive threat that community banks like Portage must defend against on consumer deposit share.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/PortageCommunityBank

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Portage Community Bank