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Banking With Purpose

Get easy access to all your banking needs through our mobile and online banking all while helping to close the gap in access to capital. Demonstrate your commitment to the local economy by banking with a greater purpose!

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Our Purpose

As it has been from the beginning, our purpose goes far beyond profit. We believe PurposeBank can, and should have a positive impact on the communities we serve. 

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Banking with a greater purpose

PurposeBank was founded on the belief that financial confidence and accessibility is a right that should be afforded to all. Our greater purpose is to build financial confidence in every individual, while leading the way for socially conscious banking. 

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News

What to Know About 401(k) Escalation

September 5, 2024

How to boost 401(k) contributions on autopilot

A 401(k) plan is only as good as the money you contribute to it. That’s why, if your employer offers an auto-escalation plan, you should consider taking full advantage. Here’s what you should know about this savings-boosting tool.

Why Saving for Retirement Early is Important

August 29, 2024

A study found retirees regret not saving more.

According to a new report from Lincoln Financial Group, your golden years might be marred by regret about one thing: saving.

The new study of more than 1,400 retirees found that a vast majority wished they had started their retirement nest egg earlier and had contributed more to it than they did. 

Top 3 Things to Know about Mortgage Insurance

August 15, 2024

A Primer on Private Mortgage Insurance in the U.S.

Do one thing: Thinking of buying a home in the next few years? Set up a meeting with a lender to get an idea of how much you’ll need to save to qualify for a mortgage. As for additional costs over and above the primary mortgage.

Mortgage insurance – sometimes called Private Mortgage Insurance, or PMI for short — may not be what you think it is, or cover what you think it should. So if you are in the market to buy a new home – or maybe in the next few years – it’s good to know how this form of protection could potentially impact your ability to get a loan and how much your monthly loan payments may be.

Testimonials

One of the best ways to make an impact is by breaking ground with new ideas, spearheading new concepts, and taking action. PurposeBank has a team full...
I love the opportunity to work with an organization that's truly working to make an impact. 

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