Lenders
Nova Bank
Nova Bank is a start-up community bank in Huntsville, Alabama that received its charter in January of 2024. It offers personal and business banking alongside commercial lending to customers in the Huntsville area and North Alabama, and describes its commitment as being to the people and businesses of the region.
Commercial real estate lending covers financing for acquiring, refinancing or developing commercial properties, with funding for real estate developers, small business owners, corporations and investors, and customized terms intended to let borrowers align loan terms with specific objectives. The bank also lists 1-4 family investor loans and business working capital lending.
Deposit products include personal and business checking and savings, money market accounts, certificates of deposit, IRAs and home equity lines of credit, with online and mobile banking, bill pay, eStatements and direct deposit. The bank reimburses ATM fees nationwide when a Nova Bank debit card is used at any ATM.
The bank operates from a single location at 532 Madison St. SE, Huntsville, AL 35801, with lobby hours Monday to Friday and closed Saturday. It is FDIC-insured and lists NMLS #2578734 and routing number 062206826. Loan minimums, recourse terms and rate sheets for commercial lending are not published; the contact line is 256-800-NOVA.
Best for
Business owners, developers and investors buying, refinancing or developing commercial property in the Huntsville and North Alabama market who want a local lender making the decision. Not a fit for deals outside that footprint.
What they do
- Commercial real estate acquisition, refinance and development loans
- 1-4 family investor loans
- Business working capital loans
- Business checking, savings and money market accounts
- Personal checking, savings, CDs and IRAs
- Home equity lines of credit
- Online and mobile banking with bill pay and direct deposit
Details
| Attribute | Value |
|---|---|
| Founded | 2024 |
| Licenses | NMLS #2578734 |
| Lender type | Bank |
What stands out
- Received its official charter on January 26, 2024 and held a public ribbon cutting in November 2024.
- Operates from a single location at 532 Madison St. SE, Huntsville, AL 35801.
- FDIC-insured; lists NMLS #2578734 and routing number 062206826.
- Reimburses ATM fees nationwide when a Nova Bank debit card is used at any ATM.
- Money market accounts require a minimum opening deposit of $1,500.