New Republic Bank

What New Republic Bank does

New Republic Bank is a privately held, FDIC-insured community and business bank operating in the southeastern United States, with branch offices in Charlotte and Roanoke Rapids, North Carolina, and an expanded footprint into Florida. The bank serves three principal customer segments: commercial banking (small enterprises through large corporations), personal banking (individuals and families), and small business banking. Its product surface spans commercial lending (commercial real estate, term debt, revolving lines of credit, equipment lending, securities-based lending, and Capital Express asset-based lending), deposit products (checking, savings, tiered money market, CDs, and IRAs), consumer and business Visa credit cards, treasury management, and wealth/investment advisory delivered through wholly-owned subsidiary New Republic Capital.

Technology is delivered through consumer- and business-facing digital banking platforms—Personal Online Banking and Business & Commercial Online Banking—accessible via web and iOS/Android mobile apps, supporting remote deposit capture, ACH origination, wire transfers, bill payment, P2P payments, eStatements, account alerts, and data export to Quicken and QuickBooks. There is no documented developer-facing or partner API; digital services run through the bank's hosted portals (nrp.cbzsecure.com, nrpbusiness.cbzsecure.com), indicating reliance on a third-party core/digital banking vendor rather than proprietary platform engineering.

The business model is that of a traditional balance-sheet bank: primary revenue derives from interest income on its loan book, supplemented by deposit service charges, credit card interchange/transaction fees, and commercial treasury/ACH/wire fees. Deposit pricing follows tiered monthly-maintenance structures with balance-based fee waivers. Go-to-market is sales-led and relationship-based, emphasizing dedicated relationship bankers and white-glove service delivered through physical branches, direct customer support, and self-serve digital channels. The bank operates under holding company New Republic Partners, Inc. (NRPI) and, following a 2025 merger with American Bancorp, Inc. (parent of American Pride Bank), reached approximately $1 billion in total assets.

Name

New Republic Bank

Legal name

New Republic Bank

Website

https://newrepublicbank.com/

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

New Republic Bank is a privately held, FDIC-insured community and business bank serving commercial clients, individuals, and small businesses across the southeastern U.S. with lending, deposit, treasury management, credit card, digital banking, and investment advisory services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

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

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

Keywords

• Community banking services
• Commercial lending
• Personal banking
• Treasury management
• Credit card products

Headquarters

HQ city

Roanoke Rapids

HQ country

United States

HQ region

North America

Offices2 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: Primary revenue from interest earned on loans including commercial real estate loans, term debt, revolving lines of credit, equipment lending, and personal lending products
2. Deposit Services: Fees from deposit products including checking accounts, savings accounts, money market accounts, and certificates of deposit with associated maintenance and service fees
3. Credit Card Fees: Revenue from consumer and business credit cards including transaction fees, interchange fees, and potentially annual fees on platinum products
4. Commercial Banking Services: Fees from commercial banking services including treasury management, ACH origination, wire transfers, and business checking services
5. Service Charges: Various banking service charges including overdraft protection fees, wire transfer fees, stop payment fees, and research fees as outlined in the fee schedule

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

New Republic Bank is a regional community bank providing commercial banking (lending solutions, treasury management, deposit products) and personal banking (checking, savings, money market, CDs, IRAs, credit cards) to businesses, individuals, and families, primarily across North Carolina, Florida, and the Southeastern U.S. Services are delivered through two North Carolina branches and dedicated relationship bankers, supported by online banking, mobile banking, remote deposit capture, ACH origination, and treasury management capabilities.

Product overview

New Republic Bank is a regional financial institution offering a unified banking platform combining commercial and personal banking services. The core product portfolio comprises Commercial Banking (lending, deposit, and treasury management services for businesses) and Personal Banking (checking, savings, CDs, IRAs, and credit products for individuals). Digital banking is delivered through two integrated platforms: Personal Online Banking and Business & Commercial Online Banking, both accessible via web and mobile apps (iOS/Android). These platforms serve as the delivery channel for add-on services including Remote Deposit Capture, ACH Origination, Wire Transfers, Bill Payment, P2P Payments, and eStatements. Treasury Management and Capital Express are commercial add-ons for cash management and asset-based lending. Credit products include Consumer Platinum Visa (cash back or platinum benefits), Business Platinum Visa, and Visa Purchasing Card. The digital platforms also support data export to Quicken and QuickBooks accounting software.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Banking Comprehensive commercial banking services including revolving lines of credit, term debt, commercial real estate lending, Capital Express asset-based lending, equipment lending, securities-based lending, and standby letters of credit. Designed for small enterprises to large corporations seeking growth financing and financial guidance.
• Personal Banking Personalized banking services including Tailored Checking, Regular Savings, Tiered Money Market Checking, Certificates of Deposit (91 days to 60 months), Traditional and Roth IRAs (18, 24, or 30 months), investment lines of credit, and home equity lines of credit. Tailored to individual and family financial goals from everyday banking to long-term wealth planning.
• New Republic Bank Consumer Platinum Visa Credit Card Personal Platinum VISA credit card offering a choice between 1% cash back on all purchases or Visa Platinum benefits with no annual fee. Includes Visa Zero Liability protection for unauthorized purchases.
• New Republic Bank Business Platinum Visa Credit Card Business credit card with online account management, 1% cash back on office supplies, travel, and online purchases up to $100,000 annual spending, Visa Platinum buying power with no annual fee, and real-time card controls including spend limits and travel alerts.
• Visa Purchasing Card (P-Card) Visa Business Purchasing Card providing expense reporting, Visa Payable Automation for virtual card payments to vendors, administrative controls for managing business payables, and cash rebate earning capabilities.
• Personal Online Banking Web-based personal digital banking portal providing 24/7 account access, balance viewing, transaction history, internal and external fund transfers, bill payment, person-to-person payments, secure messaging, eStatements, and customizable account alerts.
• Business & Commercial Online Banking Web-based business banking portal enabling account access, internal and external transfers, bill payment, ACH origination, wire transfers, commercial remote deposit capture, Quicken and QuickBooks data export, card management, customer-to-customer transfers, and comprehensive cash flow management.
• Mobile Banking Application Mobile banking application for iOS and Android devices supporting account access, internal and external transfers, bill payment, mobile remote deposit capture, account alerts, secure messaging, ATM and branch location finding, and Touch ID biometric authentication.
• Treasury Management Services Commercial cash management services including information reporting, remote deposit capture, online wires, ACH origination, credit sweep, and zero-balance account (ZBA) management, available through Business Checking bundle tiers.
• Capital Express Asset-Based Lending Asset-based lending solution designed for commercial clients to enable predictable cash flow, debt elimination, competitive advantage, and improved business management.
• Small Business Lending Solutions Streamlined small business lending offering with fast processing, flexible terms, easy application, expert support, and competitive rates for small business borrowers.
• Investment Advisory Services (New Republic Capital) Investment advisory services offered through wholly owned subsidiary New Republic Capital. Not FDIC insured; no bank guarantee; may lose value.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Climate First Bank: Florida-based community bank focused on sustainability lending, of which Dominik Mjartan is a founding director and investor. Comparable as a Florida Southeast community bank with a differentiated mission-led thesis.
• Coastal Financial Corporation: Washington-state community bank holding company with a distinctive commercial-banking and embedded-finance strategy. Comparable to NRB as a digitally-enabled community bank pursuing non-traditional growth beyond traditional branch banking.
• Optus Bank: Columbia, SC-based community bank where CEO Dominik Mjartan previously served as President & CEO and where he remains Vice Chairman. Highly relevant as a comparable community bank run by the same executive now leading NRB.

Direct peers

• Pinnacle Financial Partners: Tennessee-based community/commercial bank known for relationship-banking model and Southeast expansion. Directly comparable to NRB's white-glove commercial and personal banking strategy and growth-via-M&A approach in the broader Southeast.
• TowneBank: Virginia-based community bank with significant Hampton Roads and Carolinas presence. Closely comparable to NRB on regional Southeast footprint, relationship-driven commercial and personal banking mix, and similar mid-cap asset size.
• Live Oak Bancshares: Wilmington, NC-headquartered bank holding company with a national small-business lending focus and digital-first operating model. Comparable to NRB as a Southeast-based, growth-oriented community bank expanding beyond its branch footprint.
• American National Bankshares: Virginia/North Carolina community bank of broadly similar size to NRB. Directly comparable as a mid-Atlantic/Southeast community bank offering commercial lending, treasury management, and personal banking with comparable asset scale.

Broad incumbents

• SouthState Corporation: Large Southeast-focused bank holding company operating across FL, GA, AL, NC, SC, and VA. Comparable to NRB as a Southeast regional bank competing in overlapping commercial and consumer banking markets, though several multiples larger.
• Truist Financial Corporation: Top-10 U.S. bank holding company with a major Carolinas and Florida retail and commercial franchise. Comparable as the dominant incumbent in NRB's core Southeast geographies, though operating at vastly greater scale.
• First Citizens BancShares: Large North Carolina-headquartered bank holding company with deep presence across the Southeast. Comparable as a regional commercial and personal banking competitor with overlapping NC/Florida footprint, though materially larger in scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

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 New Republic Bank