Choose to B
We’re so proud to be one of 1,418 certified B Corporations in the U.S. This means we don’t use our profits to make shareholders richer, we use them to make our community richer by supporting dozens of nonprofits, year after year. In other words, banking here means you’re not just taking good care of your money, you’re helping take good care of your community.
How It Works
Becoming certified as a B Corp goes beyond product or service level certification. It’s the only certification that measures a company’s entire social and environmental performance. The B Impact Assessment (BIA) evaluates how a company’s operations and business model impacts its workers, community, environment, and customers.
From our supply chain and input materials (such as what was used in our recent renovation project) to our charitable giving and employee benefits, B Corp Certification proves that we are meeting the highest standards of verified performance.
What it takes – The B Impact Assessment
- We completed the assessment to begin the performance requirement process.
- We met the legal requirements to determine how we will integrate stakeholder consideration into our governance structure.
- B Lab verified our score to confirm that we met the 80-point bar for certification.
- We met with B Lab staff to review our BIA and submitted confidential documentation to validate our responses.
- To maintain our certification, we will update our BIA and verify our updated score every three years.
Certified B Corporations are leaders in the global movement for an inclusive, equitable, and regenerative economy.
Benefits of Choosing a B Corp Bank
Achieving B Corp certification brings benefits that extend beyond Piscataqua Savings Bank:
- Increased Transparency: The B Impact Assessment framework encourages companies to measure and report their social and environmental performance, resulting in greater transparency and accountability. PSB believes this transparency brings about better banking performance for all.
- Improved Governance: Certification requires adopting a corporate structure that embeds social and environmental values into decision-making processes, ensuring these principles are upheld at every level.
- Access to Equitable Capital: B Corp certification can open doors to impact investors and socially responsible investment funds, which seek to support companies that align with their values.
- Talent Attraction and Retention: Companies with B Corp certification often attract and retain top talent – our employees want to work for organizations that reflect their personal values and commitment to a more socially equitable world.
What being a B Corp means to you and to us.
- We are leaders in a global movement using business as a force for good.
- We meet the highest standards of overall social and environmental performance, transparency, and accountability.
- We have met and exceeded the rigorous requirements of becoming a B Corp, which is comparable to a fair-trade certification.
- We received the Best for the World 2019 Honoree award in the Workers category based on our B Impact Assessment.
- This status now legally requires us to consider the impact of our decisions on our workers, customers, suppliers, community and the environment.
2024 Annual Report
Click the link below to learn about all the ways that Piscataqua Savings Bank gave back to the Portsmouth community in 2024.
2024 by the Numbers
$119K
In donations given to 119 unique organizations
(including tax credits)
3,724
Volunteer hours, increasing every year
$22M
In loan originations
38%
Total female officers, including a 43% female board and female President/CEO
30
Home equity lines of credit
$11.1M
Total HELOCs originated
Join a B Corp Bank Making a Difference
Becoming a certified B Corporation is more than just a designation—it’s a commitment to prioritizing sustainability, ethical practices, and community impact in everything we do. At Piscataqua Bank, we are proud to align our mission with the values that matter most to you, our customers in New Hampshire and Southern Maine, and contribute to a better future for all.
Join us in our mission to make a difference.
Whether you’re opening an account, applying for a loan, or learning about our community initiatives, your support helps drive positive change.