PSB Holding

What PSB Holding does

PSB Holding is a private community bank holding company that operates through its subsidiary Burke & Herbert Bank, one of the oldest banking institutions in Virginia. The bank delivers a full-service community banking platform across retail, small business, commercial, and wealth management segments through over 75 branch locations spanning five states — Virginia, West Virginia, Maryland, Delaware, Pennsylvania, and Kentucky — alongside online and mobile digital banking channels.

The product portfolio spans core deposit products (checking, savings, money market, CDs, IRAs), consumer and mortgage lending (FHA, VA, traditional, refinancing, home equity lines of credit), commercial banking (loans, lines of credit, commercial real estate, government contracting financing, medical and dental practice financing, treasury management), and wealth management (investment management, trust and estate services, private banking, and a Digital Investing self-directed platform). The technology foundation is a digital banking platform with mobile check deposit, alerts, and calculators, layered with third-party integrations including Jack Henry (commercial treasury management), LPL Financial (investment account viewing), Agiletics (escrow management), Allpoint (40,000+ ATM network), Allied Payment (loan payments), and MyCardStatement (credit card services). The bank holds FDIC coverage and Equal Housing Lender designations.

Revenue is generated through three streams: net interest income from lending activities and securities (treated in the source as subscription/recurring), fee-based non-interest income from digital banking, card transactions, and wealth services (transaction fee), and mortgage banking revenue from origination and refinancing (transaction fee). Go-to-market is sales-led, executed via relationship managers and business bankers for commercial clients, mortgage loan officers for home lending, and wealth advisors for HNW individuals, with digital channels supporting retail self-service. The firm is positioning for further scale via the announced June 15, 2026 merger of LINKBANK into the Burke & Herbert Bank family.

Name

PSB Holding

Legal name

Burke & Herbert Bank

Website

https://providentstatebank.com

Company type

Private

Founded year

1904

Operating status

Operating

Headcount range

51–100 employees

Short description

PSB Holding operates as a community bank holding company through Burke & Herbert Bank, delivering retail, commercial mortgage, and wealth management services across 5 states via 75+ branch locations and digital banking channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Affluent / Mass-Affluent Private Banking (FSABADAC)

akta.pro secondary industries

Wealth Lending & Margin / Securities-Backed Lines (Retail) (FSAAAAAN), Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

Keywords

• Community banking services
• Mortgage lending
• Commercial lending
• Wealth management
• Retail banking

Headquarters

HQ city

Preston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Traditional banking interest income from loans and investment securities, including personal and commercial lending, mortgages, home equity lines of credit, and certificates of deposit.
2. Non-Interest Income: Fee income from digital banking services, debit and credit card transactions, wealth management and trust services, and other banking service fees.
3. Mortgage Banking: Revenue from mortgage origination including FHA loans, VA loans, traditional mortgages, refinancing, and down payment assistance programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

PSB Holding operates as a community bank holding company providing full-service personal, business, and wealth management banking across five states with over 75 branch locations. Core offerings include deposit accounts (checking, savings, CDs, IRAs), lending products (mortgages, home equity, consumer loans, commercial loans), business treasury and cash management services, and wealth management and trust services for high-net-worth clients.

Product overview

PSB Holding (Burke & Herbert Bank) operates as a regional community bank offering a unified banking platform across personal, business, and wealth management segments. The core product portfolio includes Digital Banking as the primary access channel, supplemented by deposit products (checking, savings, CDs, IRAs), lending services (mortgages, home equity, consumer loans, commercial loans), and wealth management (investment management, trust services, private banking, digital investing). The bank serves clients across five states with over 75 locations, integrating with third-party networks like Allpoint for ATM access and Jack Henry for commercial digital banking services.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Banking Online and mobile banking platform enabling account access, management, alerts, and transactions including mobile check deposit and account alerts for retail and business customers.
• Personal Checking Convenient checking account offering easy access and effortless fund management with seamless banking experience for personal banking customers.
• Personal Savings and Money Market Accounts Savings accounts including traditional savings and money market accounts for personal banking clients seeking interest-bearing deposit options.
• Certificates of Deposit Term deposit products providing fixed-rate savings with guaranteed returns over specified periods.
• Individual Retirement Accounts (IRAs) Individual Retirement Accounts including traditional and Roth IRA options for retirement savings.
• Home Lending / Mortgages Mortgage lending services including FHA loans, VA loans, traditional mortgages, refinancing, and down payment assistance programs for home buyers and refinancing customers.
• Home Equity Line of Credit Revolving credit line secured by home equity, allowing borrowers to access funds as needed.
• Consumer Loans Personal loans for various needs including auto loans and other consumer financing.
• Business Banking Small business banking services including business checking accounts, savings, money market accounts, CDs, and CDARS.
• Commercial Banking Commercial banking services including commercial loans, lines of credit, commercial real estate loans, and government contracting financing.
• Business Credit Cards Credit card products designed for business clients with spending controls and rewards.
• Business Treasury Services Treasury management services for businesses including cash management and payment solutions.
• Financing for Medical and Dental Practices Specialized financing solutions for medical and dental practices.
• Wealth Management Comprehensive wealth management services including investment management, retirement planning, and growing client wealth for affluent individuals and families.
• Trust Services Trust and estate planning services including estate planning and asset management.
• Private Banking Personalized banking services for high-net-worth individuals.
• Digital Investing Digital investment platform for self-directed investing.
• Contactless Visa Debit Card Contactless Visa debit card enabling fee-free transactions at Allpoint ATMs and merchant payments.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Partnerships

Four partnerships are on record, tiered major and core.

• LINKBANKmajorStrategic or Co-development Partner · 15 June 2026LINKBANK is merging into Burke & Herbert Bank family on June 15, 2026. This acquisition expands Burke & Herbert Bank's presence and customer base, combining two community banking institutions.
• AllpointcoreTechnology or IntegrationAllpoint network provides over 40,000 fee-free ATMs nationwide for Burke & Herbert Bank Visa debit card holders. Strategic partnership to extend ATM accessibility without surcharge fees.
• LPL FinancialcoreTechnology or IntegrationIntegration with LPL Account View for investment account access through digital banking platform.
• Jack Henry (Treasury Management)coreTechnology or IntegrationDigital Banking Commercial platform powered by Jack Henry treasury management solutions for business banking customers.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sandy Spring Bancorp: Maryland-based community bank holding company serving the Mid-Atlantic with personal, business, and wealth management banking — overlapping product set, customer profile, and regional geography with the subject bank.
• Eastern Bankshares: Privately-held community bank holding company serving the Northeast with consumer, business, and wealth management banking — closely comparable in private status, full-service platform, and community positioning.
• Atlantic Union Bankshares: Virginia-headquartered regional community bank with branches across Virginia, Maryland, and the Carolinas; directly comparable in Mid-Atlantic footprint, full-service deposit/lending/wealth mix, and CRE/government-contractor exposure.
• WesBanco: Multi-state community bank holding company operating across West Virginia, Pennsylvania, Ohio, and Kentucky with full personal/business/wealth offerings; highly comparable in scale, branch density, and CRE/government banking mix.
• Fulton Financial: Mid-Atlantic regional bank holding company serving Pennsylvania, Maryland, Delaware, New Jersey, Virginia, and DC with consumer, commercial, and wealth banking — closely matching the subject bank's product breadth and 5-state geography.

Emerging players

• Capital Bancorp: Maryland/DC-area community bank with commercial lending emphasis; comparable as a smaller-scale community banking peer focused on business and government-contractor segments.

Broad incumbents

• First National Bank of Pennsylvania (F.N.B. Corporation): Mid-Atlantic and Northeast regional bank with consumer, commercial, and wealth management services; comparable in scale and product breadth but operates across a larger footprint.
• Valley National Bancorp: Larger multi-state regional bank with consumer, commercial, and wealth businesses spanning the Northeast and Mid-Atlantic; comparable business model with broader geographic and product diversification.

Regional players

• Shore Bancshares: Maryland Eastern Shore-based community bank holding company; highly comparable in geography and customer base if the firmographic identity (Preston, MD / Eastern Shore) is operative.
• Peoples Bancorp (Maryland): Maryland-headquartered community bank focused on the Eastern Shore and surrounding counties; comparable as a Maryland-based community peer if the PSB Holding / Provident State Bank identity is operative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/providentstatebank
• LinkedInlinkedin.com/company/burke-&-herbert-bank
• Xx.com/ProvidentStBank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 PSB Holding