What Mascoma Bank Is All About
Mascoma Bank is different by design. Established with a clear mission to help communities and customers—not investors—this bank puts people first. As a Certified B Corporation®, Mascoma Bank embraces the idea that together, real change is possible. Since 1899, it has been a community-first institution, committed to serving local needs and now taking that commitment even further by aligning with the values of a B Corp™.
Main Benefits and Key Figures
Mascoma Bank’s impact speaks volumes. Here are some standout facts that show how deeply it invests in its community:
- $140K to Arts Programs – Supporting creativity and culture through generous donations.
- 10% to Philanthropy – The bank dedicates over 10% of its budgeted pre-tax income to giving back, meaning as the bank grows, so does its community support.
- $395 Million in New Market Tax Credits – Since 2014, Mascoma Community Development has secured significant funding to boost economic growth.
- 50% Women on the Board – Gender balance is a priority, with half the board members being women.
- $11.4 Million Support for Nonprofits – Over five years, the bank and its foundation have donated millions to nonprofit organizations.
- BankOn Certified – Certified by the Cities for Financial Empowerment Fund, ensuring access to safe, affordable bank accounts for all.
Community Roots and Local Focus
Local families trust Mascoma Bank because it’s run by local people who live and work right in the community. It’s not just about banking; it’s about being part of the neighborhood. Offering a full range of personal accounts and services, the bank makes banking personal and approachable for individuals and families alike.
Deposit Accounts Tailored for You
Whether someone needs a simple checking account or wants to take advantage of online and mobile banking, Mascoma Bank offers a variety of innovative products. Plus, local expertise is always on hand to make banking easier and help customers reach their financial goals. It’s banking that fits life, not the other way around.
Flexible Loans for Every Need
Whatever the borrowing needs—buying a new car, adding to a home, or just needing a personal loan—Mascoma Bank’s flexible financing options have got it covered. Competitive rates and a variety of loan terms mean there’s something for almost everyone. It’s about making financial goals achievable, without the hassle.
Project Impact on Sustainable Development Goals (SDGs)
- SDG 8: Decent Work and Economic Growth – Supporting local economies through community development and job creation.
- SDG 10: Reduced Inequalities – Promoting financial inclusion with BankOn certification and equitable board representation.
- SDG 11: Sustainable Cities and Communities – Investing in arts, nonprofits, and local projects that enrich community life.
- SDG 17: Partnerships for the Goals – Collaborating with stakeholders to drive positive change and responsible business practices.
Wealth Management with a Personal Touch
Mascoma Wealth Management isn’t just about numbers—it’s about people. The team works closely with clients to manage assets and build strong portfolios, tailored to individual needs and goals. It’s a partnership aimed at long-term financial health, blending expertise with a genuine commitment to client success.
