Newfield National Bank

What Newfield National Bank does

Newfield National Bank is a privately held, OCC-chartered community bank headquartered in Newfield, New Jersey, founded in its current charter form in 1934 with predecessor operations dating to 1922. The bank serves individual consumers, students (ages 16-23), seniors (Gold Club, 50+), small and medium businesses, and commercial borrowers across Southern New Jersey through 10 branches and a loan production office spanning Gloucester, Cumberland, Camden, and Burlington counties. Core products span personal and business checking and savings, certificates of deposit and IRAs, debit and credit cards (with credit cards issued through a partnership with TCM Bank, N.A.), and a full lending suite including mortgages, home equity loans/lines, auto, personal, secured, and commercial loans, plus overdraft protection.

The bank operates a digital banking layer comprising web-based Online Banking (free for all customers), a Mobile Banking app (iOS, Android, Kindle) including Mobile Banking 6.0 with Card Controls, Online Bill Pay, e-Statements, Remote Deposit Capture (for businesses, $25/scanner/month minimum), Positive Pay anti-fraud check/ACH matching (free for business customers), 24/7 Telephone Banking, and contactless mobile wallet support (Apple Pay, Google Pay, Samsung Pay). The platform is built around standard third-party integrations (Quicken, QuickBooks, Microsoft Money export; Deluxe.com for check reordering) with no disclosed proprietary AI, data flywheel, or advanced analytics capability.

The bank's revenue model is conventional community-bank economics: Net Interest Income on loans and deposits is the primary engine, supplemented by transaction and service fees (overdraft at $35/item, foreign ATM $3, stop payment $35, safe deposit boxes $30-$120/year, Visa gift cards $2.50 each), card-related fees, and referral income from the TCM Bank credit card partnership. The bank reports approximately $1 billion in assets as of 2024, has 101-250 employees, and is owned under holding company Newfield Bancorp, Inc. with no public listing or external institutional investment. Leadership has been historically stable, with John Borelli, Jr. serving as the fifth President since 1934 since 1999.

Name

Newfield National Bank

Legal name

Newfield National Bank

Website

https://newfieldnationalbank.bank

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

101–250 employees

Short description

Newfield National Bank is a privately held community bank chartered in 1934 that provides personal and business checking, savings, lending, and digital banking services to consumers, seniors, students, and small businesses across Southern New Jersey through 10 branches and a loan production office.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

akta.pro secondary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Community banking services
• Consumer deposit accounts
• Residential mortgage lending
• Commercial loan products
• Digital banking platform

Headquarters

HQ city

Newfield

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: The bank generates primary revenue through interest earned on loans including mortgages, home equity loans/lines, auto loans, personal loans, commercial loans, and investment products (CDs, IRAs). Interest rates vary by product type and term length.
2. Deposit Account Fees: Monthly service charges, overdraft fees ($35 per item), return item fees, ATM fees ($3 foreign), wire transfer fees, stop payment fees ($35), account research fees ($20/hour), safe deposit box rentals ($30-$120/year), and dormant account fees.
3. Card Services: Visa gift card sales ($2.50 per card), debit card replacement fees ($10 standard, $50 overnight rush), international transaction fees (1% of transaction), and debit card dispute fees ($20).
4. Credit Card Partnership: Credit cards issued through TCM Bank, N.A. partnership. Bank earns referral/partner fees for consumer and business credit card applications processed through mycommunitycc.com.
5. Remote Deposit Services: Business remote deposit capture service with minimum monthly service charge of $25.00 per scanner.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Newfield National Bank is a community bank that provides retail and commercial banking services through physical branches and digital channels. Its core offerings include personal and business checking and savings accounts, debit and credit cards, mortgage, home equity, auto, personal, and commercial loans, and investment products such as CDs and IRAs. Deposit, lending, and electronic banking (Online, Mobile, Telephone, Mobile Wallet, Bill Pay, e-Statements, Remote Deposit Capture, and Positive Pay) comprise the bank's primary product lines.

Product overview

Newfield National Bank is a community bank offering a broad portfolio of consumer and business financial products and services. The core offerings include personal and business checking and savings accounts, credit and debit cards (including contactless variants and mobile wallet support via Apple Pay, Google Pay, and Samsung Pay), a full range of loan products (mortgages, home equity, auto, personal, secured, and commercial loans), and investment products (CDs, IRAs, and education savings). Electronic banking services form the primary digital layer and include Online Banking (web-based, free for all customers), Mobile Banking / Mobile Banking 6.0 (iOS/Android/Kindle apps with card controls and mobile deposit), Online Bill Pay, e-Statements, Remote Deposit Capture (for business check deposits), Telephone Banking, and Positive Pay (fraud protection for business accounts). The bank operates 9 physical branches across Gloucester, Cumberland, and Camden counties in New Jersey, with a loan production office in Marlton, NJ.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking account products including NJ Consumer Checking, Student Checking (ages 16-23), Regular Checking, NOW Checking (interest-bearing), and Gold Club Checking (consumers 50+), each with different fee/balance requirements.
• Business Checking Business checking products for sole proprietors, nonprofits, and commercial entities, including Basic Business Checking, NOW Checking, Money Market Deposit Account, and IOLTA Checking for attorneys.
• Savings Accounts Savings account products including Statement Savings, Young Saver's Savings (minors with parent/guardian), Gold Club Savings (consumers 50+), and Health Savings Accounts for HDHP-covered individuals.
• Credit Cards Consumer and business credit cards issued through a partnership with TCM Bank, N.A., with online account management via MyCardStatement.com and MyCard Mobile app.
• Debit Cards Visa debit cards tied to customer checking accounts with contactless variants, optional PIN/signature, and 24/7 fraud monitoring.
• Investment Products Investment offerings including Certificates of Deposit (CDs), Fixed and Variable Rate IRAs, SIMPLE IRAs, SEP IRAs, Coverdell Education Savings Accounts (CESAs), Roth IRAs, and U.S. Savings Bonds via TreasuryDirect.
• Mortgage Loans Mortgage lending products including Fixed Rate Mortgages, Balloon Mortgages, and Construction Mortgages with terms up to 30 years for residential borrowers.
• Home Equity Loans and Lines of Credit Fixed-rate Home Equity Loans and variable-rate Home Equity Lines of Credit (HELOCs) using the Wall Street Journal Prime Rate, with no application, inception, or annual fees.
• Auto and Truck Loans New and used auto and light truck loans with terms up to 60 months; payments auto-deducted from Newfield National Bank checking or savings accounts.
• Personal Loans Unsecured personal loans with terms up to 36 months for smaller consumer financing needs.
• Secured Personal Loans Secured personal loans using a savings account or CD as collateral, lending up to 95% of the account value at low interest rates.
• Commercial Loans Commercial lending products including Commercial Real Estate Loans, Lines of Credit for working capital, Commercial Vehicle Loans, and Equipment Loans for SMB customers.
• Overdraft Protection / Umbrella Accounts Open-ended loan tied to a checking account to prevent overdrafts, requiring no collateral and available to consumers 18+.
• Online Banking Web-based online banking platform allowing account viewing, fund transfers between accounts, loan payments, check reordering, and secure messaging; free for all personal and business customers.
• Mobile Banking Mobile banking app for iPhones, Androids, and Kindle devices with account viewing, fund transfers, bill payments, mobile deposit, and Text Banking via SMS.
• Mobile Wallet Contactless payment integration supporting Apple Pay, Google Pay, and Samsung Pay; allows tap-to-pay at contactless-enabled merchant terminals and Newfield National Bank ATMs.
• Online Bill Pay Online bill payment service enabling users to pay virtually anyone, schedule single or recurring payments, and view detailed payment history; free for customers.
• Remote Deposit Capture Business-focused web-based check deposit service allowing businesses to make check deposits online without visiting a branch; requires a bank-approved duplex scanner and high-speed internet; minimum monthly service charge of $25 per scanner.
• Positive Pay Anti-fraud service for business accounts that matches issued checks and ACH transactions against an imported file; exceptions reviewed daily by the customer via Online Banking; free for business customers.
• Visa Gift Cards Prepaid Visa gift cards usable at any merchant accepting Visa; $2.50 fee per card, $10-$1,000 load range, no ATM/cash advances, $4.95 monthly fee after 12 months of activation.
• Safe Deposit Boxes Secure storage for valuables available in six sizes (2x5 to 10x10) with annual rental fees ranging from $30 to $120 plus tax; waived for Gold Club members for one year.

Quantifiable outcome

• Nearly $1 billion in assets managed for customers
• +2 more outcomes

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

One partnership is on record.

• TCM Bank, N.A.coreChannel Partner/ Reseller/ DistributorTCM Bank, N.A. is the issuing bank for Newfield National Bank's consumer and business credit card programs. Credit cards are marketed through Newfield National Bank but issued and managed by TCM Bank. Customer service, cardholder services, and account management are provided by TCM Bank through MyCardStatement.com and TCMBank.com.

Scale indicators3 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Lakeland Bank: Northern New Jersey community bank with similar consumer/commercial mix and digital capabilities. Comparable in size range, product depth, and relationship-banking approach.
• Manasquan Bank: New Jersey community bank offering similar consumer/commercial products and digital services. Comparable scale and relationship-banking orientation in the NJ market.
• BCB Community Bank: New Jersey-based community bank of similar asset size with comparable consumer and commercial banking products. Most direct comparable given geography, scale, and product mix including commercial lending and digital channels.
• Two River Community Bank: New Jersey community bank with consumer and business banking offerings. Smaller-scale NJ community bank with similar positioning.
• 1st Constitution Bank: New Jersey community bank with comparable consumer and commercial banking services including mortgages, business lending, and digital banking. Strong direct peer in NJ community banking segment.
• Unity Bank: New Jersey community bank with full-service consumer and commercial banking, comparable footprint and community-bank positioning. Closely comparable in business model and customer segments.
• Republic Bank (Burlington): New Jersey-based community bank serving Burlington County area with consumer and small business banking products. Geographic and size comparable for SNJ competitor analysis.

Broad incumbents

• Fulton Bank: Mid-Atlantic regional bank with significant New Jersey presence offering consumer and commercial banking products. Larger and broader but with overlapping SMB and retail banking competition.
• OceanFirst Bank: Larger New Jersey-headquartered regional bank with overlapping consumer and commercial banking products. Larger scale and broader geographic footprint, but competes directly in core SNJ counties.
• TD Bank: Large commercial bank with significant branch presence throughout New Jersey offering competing retail and commercial products. Represents the out-of-state megabank competition NNB positions against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/newfield-national-bank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Newfield National Bank