Needham Bank

About Needham Bank

Needham Bank is a community-focused financial institution committed to providing personalized banking services, competitive products, and strong community support. The bank aims to help clients build their financial future through a variety of banking solutions and emphasizes community development by reinvesting locally.

Products & Services

Personal Banking Services:Includes Personal Checking, Savings Accounts, CDs, IRAs, Super Saver Money Market, Unlimited Cash Back Rewards Credit Card, Consumer Loans, Residential Mortgages, and Online & Mobile Banking.

Business Banking Services:Offers Business Checking, Savings, NB Business Rewards Credit Card, Cash Management, Merchant Services, Business Online & Mobile Banking, and Wealth Management.

Commercial Loans:Provides Commercial Real Estate Loans, Construction Loans, Business Loans & Lines of Credit, and Small Business Loans including SBA Loans.

Specialized Banking:Features services like Cannabis Banking, Municipal Banking, Middle Market Lending, and Structured Financing for specific business needs.

Featured Products:Includes 6-Month CD with competitive APY for personal and business accounts, Flex Checking with no monthly fees, and Home Equity Line of Credit (HELOC).

Specialties

Personal Banking Business Banking Commercial Lending Community Banking Cannabis Banking Municipal Banking Wealth Management

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: IPO T: - FT: IPO	A: 409975000 MR: - FA: 409975000 FAN: 409975000	D: 2023-12-27 FD: 2023-12-27	-

IPO Latest

2023-12-27

$410.0M

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

M

Matthew Richardson

Executive Vice President of Treasury & Cash Management Services

V

Valentine Adjetey

Assistant Branch Manager II

P

Peter Bakkala

Executive Vice President and Chief Risk Officer

LinkedIn (Pro only)

B

Blake Bamford

Senior Vice President, Team Leader, Structured Finance

N

Nicole Barbour

Vice President

N

Noha Berbara

Assistant Branch Manager

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Recent News

Needham Bank Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised