Pendleton Community Bank

What Pendleton Community Bank does

Pendleton Community Bank is a privately held community bank, organized as a subsidiary of Allegheny Bancshares, Inc., that provides retail and small-business banking services to communities across West Virginia and Virginia. The bank was founded in 1925 as Farmers and Merchants Bank in Marlinton, West Virginia, was renamed Pendleton County Bank in 1937, and adopted its current name in 2005. It operates 14 or more FDIC-insured financial centers (NMLS #403498) and serves a customer base spanning personal banking, small and mid-sized businesses, agricultural borrowers, nonprofit organizations, and mortgage customers, including youth and student products.

The bank's product set spans deposit products — including the Kasasa reward-checking suite (Cash+, Cash, Saver+, Saver), money-market accounts, certificates of deposit, and IRAs — alongside lending products such as consumer loans, mortgages, and small-business credit. Digital banking is offered alongside the branch network, though no proprietary technology platform is identified in available materials. The bank has been named Best Bank in West Virginia for four consecutive years (2022–2025) and reports a community-engagement footprint of approximately $270,000 in donations, 350 supported organizations, and 5,065 volunteer hours in 2025.

Pendleton Community Bank earns revenue primarily through net interest income on its loan and securities portfolio funded by retail and small-business deposits, supplemented by deposit-account fees, mortgage origination income, and interchange revenue. The bank has historically pursued growth via in-market acquisitions — most notably Bank of Mount Hope in 2019 — and through de novo branching, exemplified by a new Summersville, West Virginia location in 2025. A coordinated 2026 leadership transition (new CEO, new President, and promoted CITO) signals a renewed strategic cycle under the Allegheny Bancshares, Inc. holding company.

Name

Pendleton Community Bank

Legal name

Pendleton Community Bank

Website

https://yourbank.bank

Company type

Private

Founded year

1925

Operating status

Operating

Short description

Pendleton Community Bank is a privately held community bank and subsidiary of Allegheny Bancshares, Inc., operating 14+ FDIC-insured branches across West Virginia and Virginia and serving retail, small-business, agricultural, and mortgage customers with deposits, lending, and digital banking products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

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

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking services
• Personal checking accounts
• Small business lending
• Mortgage loan programs
• Agricultural financing

Headquarters

HQ city

Franklin

HQ country

United States

HQ region

North America

Offices12 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 from Lending: Traditional bank revenue from interest charged on loans including personal loans, auto loans, mortgages, business loans, agricultural loans, and lines of credit
2. Deposit Account Fees: Various account-related fees including overdraft/NSF fees ($35 per item), ATM fees, wire transfer fees, stop payment fees, and research fees
3. Merchant Services: Transaction processing services for business customers
4. Money Market and Savings Interest: Interest paid to depositors on savings, money market, and CD accounts; bank earns spread between loan rates and deposit rates
5. Credit Card Fees: VISA consumer and business credit card transaction fees and interest

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Pendleton Community Bank is a privately held community bank offering deposit products (checking, savings, money market, CDs, IRAs), consumer and business lending (auto, personal, RV, agricultural, business lines of credit, mortgages), credit cards, merchant services, and digital banking (mobile app, online banking, Zelle, mobile wallets, ITMs) to individuals, small businesses, nonprofits, and agricultural customers across Virginia and West Virginia.

Product overview

Pendleton Community Bank offers a comprehensive banking platform for consumers and businesses across Virginia and West Virginia. The core product portfolio spans personal and business checking/savings accounts with tiered reward structures (Kasasa suite including Cash+, Cash, Saver+, and Saver), money market accounts, IRAs (Traditional and Roth), CDs, and lending products including auto loans, personal loans, RV loans, credit cards, agricultural loans, business credit facilities, and mortgage programs (purchase, refinance, construction, home equity). The digital banking ecosystem provides mobile and online banking with bill pay, mobile check deposit, mobile wallets (Apple Pay, Google Pay, Samsung Pay), Zelle P2P payments, eDocuments, and SaveUp round-up savings. Specialized offerings include youth savings (Cub Club), holiday savings (Christmas Club), nonprofit accounts (Impact Checking), affinity banking (WVU Tech debit card), and merchant/cash management services for business clients.

Differentiator

Problem solved

Functional benefit

Brands

• Kasasa Cash+: High-interest checking account offering up to 6.00% APY on balances up to $25,000.
• Kasasa Cash
• Kasasa Saver+
• Kasasa Saver
• Community Saver
• Cub Club Youth Savings
• Christmas Club
• Investment Plus Money Market
• Impact Nonprofit Checking
• WVU Tech Affinity Debit Card

Products and services

• Kasasa Cash+ Checking High-interest rewards checking account offering up to 6.00% APY on balances up to $25,000 with qualifying activities, ATM fee refunds, and no monthly service fee, designed for individual consumers.
• Kasasa Cash Checking Rewards checking account that earns up to 4.00% APY on balances up to $9,999.99 with ATM fee refunds nationwide for qualifying account activities, for individual consumers.
• Kasasa Saver+ Savings High-yield savings account linked to Kasasa Cash+ checking that earns 3.00% APY on balances up to $75,000 with automatic transfer of cash rewards from checking, for individual consumers.
• Kasasa Saver Savings Savings account linked to Kasasa Cash or Kasasa Cash Back checking that earns 1.00% APY on balances up to $50,000 with automatic transfer of rewards, for individual consumers.
• Investment Plus Money Market Tiered money market account with $25,000 minimum balance earning 2.05% to 2.66% APY depending on balance tier, with limited transactions and check-writing privileges, for individual consumers.
• Community Saver Basic savings account with $50 minimum deposit and competitive interest rates, offering straightforward banking with no complex terms, for individual consumers.
• Cub Club Youth Savings Youth savings account for students under 18 earning 1.00% APY with rewards for A/B honor roll or perfect attendance, plush mascot gift, and automatic conversion to Community Savings at age 18.
• Christmas Club Seasonal savings account designed for holiday expenses with funds disbursed in the third week of October, earning competitive interest with no monthly fees, for individual consumers.
• Traditional IRA Tax-advantaged retirement account with tax-deductible contributions and tax-deferred earnings until withdrawal, available alongside Roth IRA options, for individual consumers.
• Roth IRA Tax-advantaged retirement account with after-tax contributions and 100% tax-free earnings upon qualified withdrawal, with no mandatory distribution age, for individual consumers.
• Auto Loans Financing solutions for vehicle purchases with competitive rates and flexible terms for new and used automobiles, for individual consumers.
• Personal Lending Flexible personal loans for various needs including debt consolidation, home improvements, and major purchases with competitive rates, for individual consumers.
• Recreational Vehicle Loans Specialized financing for RVs, boats, and other recreational vehicles with terms tailored to the purchase price and borrower's needs, for individual consumers.
• VISA Consumer Credit Cards Visa-branded credit cards offering consumer purchasing power with various reward structures and benefits, for individual consumers.
• Business Checking Business deposit accounts designed for business operations with features like unlimited transactions, merchant services integration, and cash management tools, for small to medium-sized businesses.
• Business Savings Business savings accounts with competitive interest rates for business reserve funds and operating capital, for small to medium-sized businesses.
• Impact Nonprofit Checking Specialized checking account for nonprofit organizations designed to support efficient fund management and nonprofit-specific banking needs.
• Agricultural Loans Financing solutions for agricultural operations including farm equipment, land purchases, livestock, and operating expenses, for farmers and agricultural businesses.
• Business Lines of Credit Revolving credit facilities providing flexible access to working capital for business growth and operational needs, for small to medium-sized businesses.
• Business Loans Term loans for business expansion, equipment purchases, and major investments with fixed or variable rate options, for small to medium-sized businesses.
• VISA Business Credit Cards Business credit cards offering purchasing controls, expense management tools, and rewards for business spending, for small to medium-sized businesses.
• Cash Management Treasury management services including automated payments, collections, and liquidity management for business clients.
• Merchant Services Payment processing solutions for businesses to accept credit/debit card transactions with competitive transaction rates.
• Positive Pay Fraud prevention service that matches checks and ACH transactions against issued payment files to detect discrepancies, for business clients.
• Business Remote Check Deposit Electronic check deposit service allowing businesses to scan and submit checks remotely for deposit without visiting a branch.
• Construction Loans Short-term financing for home construction with draws released as construction milestones are completed, for homebuyers and homeowners.
• Home Equity Products Home equity loans and lines of credit leveraging property ownership for major expenses, renovations, or debt consolidation, for homeowners.
• Purchase Mortgages

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

One partnership is on record.

• WVU Tech (West Virginia University Institute of Technology)flagshipStrategic or Co-development Partner · 13 August 2024Communiversity partnership providing unique products and services to WVU Tech students, faculty, and alumni. Includes WVU Tech Affinity Debit Card (10% of net interchange and ATM revenue supports William 'Bill' Benn Student Success Fund), Cub Club Savings for students 16 and under, on-campus ATM, and sponsorship of Monty's Cub Club program. Partnership supports educational and financial goals of the community.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• United Bank: United Bank is a West Virginia-headquartered community bank with a parallel footprint across Virginia and West Virginia. It competes head-to-head with PCB in similar rural and small-metro markets with comparable personal and small business banking products.
• City National Bank of West Virginia: City National Bank is a Charleston, WV-based community bank serving consumers and businesses across the state. It offers a directly comparable suite of consumer deposit, lending, and digital products to PCB in overlapping West Virginia markets.
• Carter Bank & Trust: Carter Bank & Trust is a Virginia-headquartered community bank providing personal and business banking services across southern Virginia and North Carolina. Its branch-based community banking model and customer mix closely parallel PCB's Virginia operations.
• Blue Ridge Bank: Blue Ridge Bank is a Virginia-based community bank with branches throughout the Shenandoah Valley and surrounding regions. It directly overlaps with PCB's Harrisonburg, Bridgewater, and Staunton markets with similar consumer and small business offerings.
• Atlantic Union Bank: Atlantic Union Bank is a Richmond, VA-headquartered regional bank with branches across Virginia and parts of Maryland and North Carolina. While larger, it competes directly with PCB in Virginia consumer and small business banking and is a relevant comparable for product breadth and digital capabilities.
• Burke & Herbert Bank: Burke & Herbert Bank is a Virginia-based community bank serving Northern Virginia and surrounding markets. Its branch-based, locally-decisioned community banking model and consumer/small business focus make it a comparable peer for PCB's Virginia franchise.
• Premier Bank: Premier Bank is a Huntington, WV-based community bank serving southern West Virginia and Kentucky. It directly competes with PCB's southern West Virginia (Beckley, Mount Hope, Oak Hill, Summersville) markets with similar consumer and business banking products.
• MVB Bank: MVB Bank is a West Virginia-based community bank with branches across WV, Virginia, and surrounding states. It offers a comparable community-banking model with consumer, mortgage, and small business lending, overlapping with PCB's footprint and product mix.

Broad incumbents

• WesBanco, Inc. WesBanco is a Wheeling, WV-based regional bank with branches across West Virginia, Pennsylvania, and Ohio. As a larger multi-state regional incumbent, it competes with PCB in West Virginia consumer and small business banking with a broader product set.
• Eagle Bancorp, Inc. (EagleBank): EagleBank is a larger DC-area community bank operating across Maryland, Virginia, and Washington, DC. It is a broader incumbent competitor for business banking, treasury management, and digital services in markets that overlap with PCB's Virginia operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@yourbankpcb
• Facebookfacebook.com/yourbank
• LinkedInlinkedin.com/company/yourbank
• Instagraminstagram.com/pcbyourbank

Compliance3 records

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 Pendleton Community Bank