Lake Sunapee Bank

What Lake Sunapee Bank does

Lake Sunapee Bank is a community bank founded in 1887 and headquartered in Newport, New Hampshire, that now operates within the broader Bar Harbor Bank & Trust franchise (lakesunbank.com routing into the barharbor.bank platform), serving individuals, commercial businesses, small businesses, and wealth management clients across Northern New England (Maine, New Hampshire, Vermont). The institution offers a full suite of retail and commercial banking products including personal checking, savings, money market, CDs, IRAs, HSAs, mortgages, home equity, personal loans, student loans, credit cards, commercial checking, business loans, municipal lending, SBA lending, treasury services, credit card processing, and payroll services. Its technology layer is a digital banking platform comprising an online portal, mobile banking app for iOS/Android, mobile deposit, Zelle person-to-peer payments, digital wallet support, card control, remote deposit capture, and small-business bill pay, supplemented by dedicated wealth management sub-brands (Bar Harbor Wealth Management and Bar Harbor Financial Services) covering 401k, estate, trust, family office, retirement, tax, and insurance planning.

The business model is a traditional community bank revenue stack: net interest income from deposits and lending products (mortgages, home equity, commercial, SBA, municipal), recurring fee income from treasury, payroll, and wealth management services, interchange and rewards economics from debit/credit card programs, and interchange-like revenue from credit card processing. Pricing is quote-based and not publicly disclosed (see Agreements, Disclosures, and Fee Schedule); product tiers include multiple checking and savings variants, with a CashBack Rewards debit program, Platinum Checking for wealth clients, and a $100-for-$100 referral acquisition program. GTM is direct-to-consumer and direct-to-SMB/commercial through branches, digital channels, and dedicated relationship managers, with a horizontal segmentation across four segments (personal, commercial, small business, wealth management). Distribution combines physical branches, online and mobile self-service, phone banking, and field-based commercial and wealth advisory teams across the three-state Northern New England region.

Name

Lake Sunapee Bank

Legal name

Bar Harbor Bank & Trust

Website

https://lakesunbank.com

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

251–500 employees

Short description

Lake Sunapee Bank is a community bank founded in 1887 in Newport, New Hampshire, operating within the Bar Harbor Bank & Trust franchise to serve consumer, small business, commercial, and wealth management clients across Northern New England with full-service branch and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

• Community banking services
• Retail banking products
• Small business lending
• Mortgage and home equity
• Wealth management services

Headquarters

HQ city

Newport

HQ country

United States

HQ region

North America

Offices1 record

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. Personal Banking: Traditional banking services including checking accounts, savings accounts, CDs, IRAs, money market accounts, and personal loans. Revenue generated through account fees, interest margins, and service charges.
2. Mortgage Lending: Home mortgages and home equity loans for personal banking customers. Revenue generated through origination fees and interest income.
3. Commercial Banking: Business checking, savings, commercial loans, municipal lending, treasury services, credit card processing, payroll services, and risk management for commercial customers.
4. Small Business Banking: Business checking, savings, CDs, IRAs, SBA lending, business loans, credit cards, online banking, and business services including payroll and credit card processing.
5. Wealth Management: Bar Harbor Wealth Management offering 401k plans, charitable planning, estate planning, family office services, financial planning, investment management, municipal services, nonprofit services, retirement services, tax planning, and trust services. Also includes Bar Harbor Financial Services for investment planning, education funding, business and individual retirement planning, insurance and risk management, and life insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Lake Sunapee Bank is a community bank that delivers personal banking (checking, savings, CDs, IRAs, mortgages, home equity, personal loans, credit cards), commercial banking (business checking, commercial loans, municipal lending, treasury services, credit card processing, payroll services), small business banking (SBA loans, business credit cards, cash flow tools), and wealth management (investment management, estate and trust planning, retirement, insurance). Banking is supported by online and mobile channels including mobile deposit, Zelle, card control, and digital wallets.

Product overview

Bar Harbor Bank & Trust is a regional community bank offering a comprehensive platform of banking products and digital services across three main segments: Personal Banking, Commercial Banking, and Wealth Management. The core product portfolio includes checking and savings accounts, certificates of deposit, mortgages, personal and business loans, credit cards, and SBA lending. Digital service offerings are built around an online and mobile banking platform that supports account management, mobile deposit, Zelle payments, digital wallets, and card control features. The bank also operates two wealth management brands: Bar Harbor Wealth Management providing investment management, estate planning, trust services, and retirement planning; and Bar Harbor Financial Services offering financial planning, insurance, and education funding services. The institution differentiates through award-winning customer service combined with modern digital banking capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Bar Harbor Wealth Management: Wealth management services including 401k plans, charitable planning, estate planning, family office, financial planning, investment management, municipal services, nonprofit services, retirement services, tax planning, and trust services
• Bar Harbor Financial Services

Products and services

• Personal Checking Accounts Personal checking account options including CashBack Rewards and overdraft protection for individual consumers.
• Savings Account Personal savings account offerings for individual consumers to deposit and grow their money securely.
• Money Market Accounts Money market account products providing competitive interest rates with limited check-writing capabilities.
• CDs and IRAs Certificate of deposit and Individual Retirement Account products for term savings and retirement planning.
• Health Savings Account (HSA) Tax-advantaged health savings account for individuals with high-deductible health plans.
• Home Mortgages Residential mortgage lending products including fixed-rate and adjustable-rate mortgages for home purchases and refinancing.
• Home Equity Loans Home equity line of credit and loan products allowing homeowners to borrow against their home equity.
• Personal Loans Unsecured personal loans for various needs including debt consolidation, major purchases, and unexpected expenses.
• Student Loans and Refinancing Education financing and student loan refinancing options for students and graduates.
• Personal Credit Cards Personal credit card products including rewards, cash back, and low-interest options.
• Commercial Checking Accounts Business checking accounts designed for commercial customers with various transaction and cash management needs.
• Business Loans Commercial lending products including term loans, lines of credit, and equipment financing for businesses.
• Municipal Lending Specialized lending services for municipalities, government entities, and public institutions.
• Treasury Services Comprehensive treasury management services for businesses including cash management and liquidity solutions.
• Credit Card Processing Merchant services for businesses to accept credit and debit card payments from customers.
• Payroll Services Business payroll processing and management services for employers.
• Small Business Administration (SBA) Lending Small business loans backed by the U.S. Small Business Administration including 7(a) and 504 loan programs.
• Bar Harbor Wealth Management Comprehensive wealth management services including 401k plans, charitable planning, estate planning, investment management, trust services, and retirement planning.
• Bar Harbor Financial Services Financial planning services including investment planning, education funding, business retirement planning, insurance, and risk management.
• Zelle Peer-to-Peer Payments Person-to-person payment service enabling fast money transfers between bank accounts.
• Remote Deposit Capture Business banking service allowing companies to deposit checks remotely using a scanner.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Citizens Bank: Mid-size regional bank with full personal, commercial, and wealth capabilities and a meaningful New England branch footprint; competes for the same retail and commercial segments.
• TD Bank (TD Bank, N.A.): Large regional incumbent with significant branch presence across Maine, New Hampshire, and Vermont; competes directly for consumer and small business deposits in Lake Sunapee's footprint.
• Wells Fargo: National full-service bank with consumer, commercial, mortgage, and wealth offerings; broad overlap with Lake Sunapee Bank's product portfolio at much larger scale.
• Bank of America: National incumbent with extensive branch and ATM coverage in Northern New England; competes on deposit rates, digital capabilities, and wealth services across the same customer base.

Direct peers

• Claremont Savings Bank: New Hampshire community bank serving consumer and small business customers; very similar community-banking profile and regional footprint to Lake Sunapee Bank.
• Norway Savings Bank: Maine-based mutual community bank offering personal, business lending, and wealth services; similar size and customer segments to Lake Sunapee Bank.
• Bangor Savings Bank: Maine-based community bank with full-service consumer, commercial, SBA, and wealth offerings; comparable to Lake Sunapee Bank in scale, footprint, and product mix.
• Mascoma Bank: New Hampshire-based community bank offering personal, business, and mortgage lending with a similar community-banking model and regional concentration in Northern New England.
• Camden National Bank: Maine-headquartered community bank with consumer, commercial, and wealth services across coastal Maine and Northern New England. Highly comparable footprint and product breadth.
• Bar Harbor Bank & Trust: Parent/affiliated community bank sharing the same digital platform, products, and Northern New England footprint. Most directly comparable on product mix (consumer, commercial, SBA, wealth) and target segments.

Market position

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/lakesunbank
• LinkedInlinkedin.com/company/lake-sunapee-bank
• Instagraminstagram.com/bhbtsocial
• Xx.com/lakesunbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Lake Sunapee Bank