Washington State Bank
Washington State Bank is a privately held, FDIC-insured Louisiana community bank founded in 1893, operating six branches across Acadiana and serving individual consumers and local small-to-medium businesses with deposit accounts, Kasasa rewards, personal and commercial loans, and digital banking.
- Company typePrivate
- Founded1893
- HeadquartersWashington, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Washington State Bank does
Washington State Bank is a privately held, state-chartered community bank headquartered in Washington, Louisiana, operating six branches across the Acadiana region (Washington, Opelousas, Leonville, Palmetto, Arnaudville, Eunice, and Lafayette). Founded in 1893 and FDIC-insured, the bank serves individual consumers and small-to-medium local businesses, including agricultural borrowers, across seven parishes (Saint Landry, Saint Martin, Lafayette, Evangeline, Acadia, Avoyelles, and Iberia). Its product set spans Kasasa-branded reward checking and savings (up to 5.00% APY), traditional checking tiers (Personal, Senior, Student, Economy, Elite, NOW, Money Market), savings, HSAs, IRAs, CDs, and personal loans (auto, mortgage, home improvement), alongside ACCESS Business Checking, Commercial Checking, commercial/agricultural loans, merchant services, ACH origination, wire transfers, and Positive Pay. Distribution combines physical branches and ATMs with a mobile banking app (iOS/Android), online banking platform, 24-hour telephone banking, and digital wallet support (Apple Pay, Google Pay, Samsung Pay). Underlying technology is a standard core banking stack augmented by third-party partnerships — SHAZAM for debit processing and fraud, TCM Bank for Visa Platinum credit card issuance, Kasasa for rewards programs, and Intuit QuickBooks for SMB data export — with no proprietary AI or data platforms disclosed.
The bank generates revenue through a traditional community-bank mix: net interest income on loans and interest-bearing deposits (commercial, consumer, mortgages, auto), account and service fees (overdraft at $26/item, monthly maintenance, wire transfer, safe deposit, bill pay at $5.95/month), credit card referral economics from the TCM Bank partnership, and merchant services processing fees. It earned a $2.48M CDFI Fund award in April 2023, reinforcing its community development mandate. The go-to-market is relationship-driven, with named local lenders (Stephen Mayeux, Brady Mouton, Ben Marcantel, Ashley Hargroder) and a locally controlled board (Chairman Harold Stelly; Director/President & CEO Anthony Kip Bertrand). Ownership is independent and locally held; no parent company, private equity, or external investor ownership has been disclosed.
Washington State Bank firmographics
Firmographics- Name
- Washington State Bank
- Legal name
- Washington State Bank
- Website
- https://wsbankla.com
- Company type
- Private
- Founded year
- 1893
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Washington State Bank is a privately held, FDIC-insured Louisiana community bank founded in 1893, operating six branches across Acadiana and serving individual consumers and local small-to-medium businesses with deposit accounts, Kasasa rewards, personal and commercial loans, and digital banking.
- Ownership category
- akta.pro rank
Washington State Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
Keywords
Where Washington State Bank is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Washington State Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Interest Income: Traditional bank revenue from interest earned on loans (commercial, consumer, mortgages, auto loans) and interest-bearing deposits.
- Account and Service Fees: Monthly maintenance fees, overdraft fees ($26.00 per item), wire transfer fees, ATM fees, safe deposit box rental fees, and bill pay fees ($5.95/month after 90-day complimentary period).
- Credit Card Partnership: Partnership with TCM Bank for Visa Platinum credit cards; Washington State Bank earns referral/arrangement fees from the partnership.
- Merchant Services: Credit card processing fees from business customers using merchant services for point-of-sale and online transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal Checking - Balance Tiers |
| Subscription | Monthly | Senior Citizens Checking |
| Subscription | Monthly | Student Checking |
| Subscription | Monthly | Economy Checking |
| Subscription | Monthly | Elite Checking |
| Subscription | Monthly | NOW Account |
| Subscription | Monthly | Money Market Account |
| Subscription | Quarterly | Savings Account |
| Subscription | Monthly | Health Savings Account (HSA) |
| Subscription | Multi-year contract | Certificate of Deposit |
| Subscription | Multi-year contract | Traditional/Roth IRA |
| Subscription | Monthly | ACCESS Business Checking |
| Subscription | Monthly | Commercial Checking |
| Transaction based/ take rate | Pay-as-you-go | Overdraft Privilege |
| Subscription | Monthly | Online Bill Pay |
| Subscription | Annual | Safe Deposit Boxes |
Go-to-market motion1 record
Distribution channels8 records
Marketing channels4 records
Washington State Bank product offering
Product offeringCore offering
Washington State Bank is a community bank operating in Louisiana's Acadiana region providing personal banking and business banking products and services through separate product lines, including consumer loans, commercial lending, cash management, and deposit accounts distributed across physical branches and digital channels.
Product overview
Washington State Bank is a regional community bank offering a comprehensive suite of personal and business banking products. The bank operates primarily in Louisiana's Acadiana region. Personal banking centers on multiple checking account options including Kasasa-branded reward accounts (Free Kasasa Cash Checking with up to 5% APY, Free Kasasa Cash Back Checking with 2.5% cash back, and Free Kasasa Saver with up to 2% APY), traditional checking variants (Personal, Senior Citizens, Student, Economy, Elite with insurance coverage, NOW, and Money Market accounts), plus savings products, Health Savings Accounts, IRAs, CDs, and personal loans (auto, mortgage, home improvement). Business banking includes ACCESS Business Checking with integrated services and Commercial Checking, alongside commercial lending and cash management services. The bank provides extensive digital banking through Online Banking and Mobile Banking with Remote Deposit Capture, plus ancillary services such as debit/credit cards (Mastercard/Visa), Digital Wallets (Apple Pay, Google Pay, Samsung Pay), Merchant Services, ACH Origination, Wire Transfers, Positive Pay, and overdraft protection programs. The bank operates six branch locations in Louisiana and provides 24-hour ATM access and Telephone Banking.
Differentiator
Problem solved
Functional benefit
Brands
- Kasasa: Free checking and savings reward programs including Kasasa Cash, Kasasa Cash Back, and Kasasa Saver products offered by Washington State Bank.
- Brella
Products and services
- Personal banking Personal deposit and transaction accounts tailored to individual consumers in the bank's Acadiana region service area, delivered through the dedicated Personal division.
- Business banking Business deposit and transaction accounts tailored to small and medium businesses, including commercial and agricultural borrowers, delivered through the dedicated Business division.
- Consumer loans Loan products extended to individual consumers for personal use, distributed under the Personal banking product line.
- Commercial lending Credit facilities extended to small and medium businesses, including commercial and agricultural borrowers, under the Business banking product line.
- Cash management Cash management services provided to business customers for managing working capital and treasury operations.
- Mobile and online banking Digital banking services delivered through a mobile application and online banking portal for both Personal and Business customers.
Quantifiable outcome
- Up to 5.00% APY on Kasasa Cash checking accounts
- +2 more outcomes
Companies that use Washington State Bank
Customer profileSegments3 records
Ideal customer profiles2 records
Washington State Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration15 records
Feature5 records
Washington State Bank partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- SHAZAMcoreSHAZAM is Washington State Bank's official debit card processor, providing fraud detection and card transaction processing services. They offer fraud alerts via text/call and maintain a verified customer service number (1-855-976-1811). The bank also offers SHAZAM Brella app for enhanced card security.
- TCM BankcoreTCM Bank provides specialized credit card services for community banks. Through this partnership, Washington State Bank offers Visa Platinum credit cards exclusively to customers with competitive rates, reward points, and travel benefits.
- KasasacoreKasasa provides the Kasasa Cash, Kasasa Cash Back, and Kasasa Saver reward checking account programs. These accounts offer high APY rates (up to 5% APY), cash back rewards (2.5%), and ATM fee refunds as loyalty programs for Washington State Bank customers.
- FDICcoreFederal Deposit Insurance Corporation provides deposit insurance coverage up to $250,000 per depositor, backing all Washington State Bank deposits.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Washington State Bank competitors and assessment
Company assessmentDirect peers
- Sabine State Bank: Northwest Louisiana community bank with consumer and commercial banking services. Similar community-bank scale, relationship-driven lending, and rural Louisiana operating context to WSB.
- JD Bank: Louisiana-based community bank with branch network across Acadiana and southwest Louisiana. Comparable scale, customer segments, and full-service community banking model to Washington State Bank.
- Investar Holding Corporation: Baton Rouge-headquartered community bank with branches throughout south Louisiana serving consumer and business customers with comparable deposit, lending, and digital products. Direct competitor for Acadiana-region SMB and consumer banking.
- Home Bank: Louisiana-headquartered community bank with branches across Acadiana, Baton Rouge, and the Northshore offering similar consumer and commercial banking products. Closest in geography, scale, and product mix to Washington State Bank.
- Red River Bank: Central Louisiana community bank headquartered in Alexandria with consumer, commercial, and mortgage products. Comparable size, deposit-led model, and relationship-banking value proposition to Washington State Bank.
- First Guaranty Bancshares: Louisiana community bank holding company headquartered in Hammond with branch network across the state. Similar size profile, community-bank orientation, and consumer/commercial product mix.
- b1BANK: Louisiana community bank with branch presence in Acadiana and greater Baton Rouge, serving commercial and consumer clients. Closely comparable deposit products, commercial lending, and SMB treasury management offerings.
Broad incumbents
- Hancock Whitney Corporation: Major Gulf Coast regional bank with extensive Louisiana branch presence, including Acadiana. Larger incumbent that competes with WSB for retail and SMB customers across the same parishes.
- Origin Bancorp: Choudrant, Louisiana-headquartered bank holding company with consumer, commercial, and mortgage banking across the Southeast. Larger and more diversified than WSB but operates in overlapping Louisiana geographies and customer segments.
Others
- Kasasa: Strategic technology partner that supplies WSB's Kasasa Cash, Kasasa Cash Back, and Kasasa Saver reward checking products. Not a competitor, but an ecosystem/vendor participant materially shaping WSB's go-to-market differentiation.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Washington State Bank social profiles
Digital presenceWashington State Bank compliance and trust
Trust signalCompliance4 records
Washington State Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Washington State Bank leadership team
Management profileNumber of profiles
Washington State Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Washington State Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Washington State Bank
What does Washington State Bank do?
Washington State Bank is a community bank operating in Louisiana's Acadiana region providing personal banking and business banking products and services through separate product lines, including consumer loans, commercial lending, cash management, and deposit accounts distributed across physical branches and digital channels.
Is Washington State Bank a public or private company?
Washington State Bank is a private company. It is classified as unknown and is currently operating.
When was Washington State Bank founded?
Washington State Bank was founded in 1893. It employs 51 to 100 people.
Where is Washington State Bank based?
Washington State Bank is headquartered in Washington, United States, in the North America region.
How does Washington State Bank make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are account and Service Fees, credit Card Partnership and merchant Services.
Who are Washington State Bank's main competitors?
Direct peers on record are Sabine State Bank, JD Bank, Investar Holding Corporation, Home Bank, Red River Bank, First Guaranty Bancshares and b1BANK. Broad incumbents are Hancock Whitney Corporation and Origin Bancorp. Kasasa is listed as an others.
Does Washington State Bank have an API?
No public API is recorded for Washington State Bank.
What industry is Washington State Bank in?
Washington State Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks). Its NAICS code is 52211 and its SIC code is 6022.