The State Bank and Trust Company
The State Bank and Trust Company is a 121-year-old community bank headquartered in Defiance, Ohio, and the core banking subsidiary of SB Financial Group (NASDAQ: SBFG). It operates 22+ banking centers and six loan production offices across Ohio, Indiana, and Michigan, serving consumers, small and medium businesses, agricultural operations, and high-net-worth households with deposit, lending, mortgage, wealth management, and title insurance services.
- Company typePublic
- Founded1902
- HeadquartersDefiance, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What The State Bank and Trust Company does
The State Bank and Trust Company is a 121-year-old community bank headquartered in Defiance, Ohio, operating as the core banking subsidiary of SB Financial Group, Inc. (NASDAQ: SBFG). Founded in 1902 as the State Bank of Defiance by Elbert E. Carter, the institution has grown into a full-service community bank with 22+ banking centers across northwest Ohio and northeast Indiana, supplemented by six loan production offices in Ohio, Indiana, and Michigan. The bank serves retail consumers, small and medium businesses, agricultural operations, medical professionals, and high-net-worth households with a three-pillar product set: Bank (checking, savings, HSA/IRA/CD, eServices), Borrow (residential and commercial mortgages, SBA loans, manufacturing loans, credit cards, HELOCs), and Invest (wealth management, estate planning, private banking, brokerage, retirement services). Title insurance and closing services are offered through wholly-owned subsidiary SBFG Title, LLC dba Peak Title.
The underlying technology stack is Fiserv-based, delivering online banking, native iOS/Android mobile apps, and integrated Zelle person-to-peer payments via Early Warning Services. Online account opening and loan applications are supported through the Fiserv platform. Distribution combines physical banking centers with embedded commercial and wealth relationship managers (Market Executives, Market Presidents, dedicated SBA, Agri, and Treasury officers), producing a relationship-led, enterprise-field-sales GTM model. Revenue is generated across net interest income (community banking, mortgage origination, commercial/SBA lending) and recurring fee income (wealth management, private banking, title insurance), with a CARE Grant community-assistance program used as a brand differentiator.
Notable operational and commercial signals include being named to the Keefe, Bruyette & Woods Bank Honor Roll in April 2022 (one of only 17 U.S. banks recognized for a decade of consistent EPS growth), processing approximately 700 PPP loans totaling $83.5 million during the pandemic and helping retain over 9,200 jobs, and operating with capital ratios above the regulatory 'well-capitalized' thresholds. Recent strategic actions include the 2024 acquisition of The Marblehead Bank (Ottawa County) and a new Napoleon, Ohio office opening in April 2026, alongside organic geographic expansion into Columbus, Indianapolis, and Cincinnati via loan production offices.
The State Bank and Trust Company firmographics
Firmographics- Name
- The State Bank and Trust Company
- Legal name
- The State Bank and Trust Company
- Website
- https://yourstatebank.com
- Company type
- Public
- Founded year
- 1902
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- The State Bank and Trust Company is a 121-year-old community bank headquartered in Defiance, Ohio, and the core banking subsidiary of SB Financial Group (NASDAQ: SBFG). It operates 22+ banking centers and six loan production offices across Ohio, Indiana, and Michigan, serving consumers, small and medium businesses, agricultural operations, and high-net-worth households with deposit, lending, mortgage, wealth management, and title insurance services.
- Ownership category
- akta.pro rank
The State Bank and Trust Company industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221), Trust, Fiduciary, and Custody Activities (523991)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Real Estate (Commercial Property, REITs) (FSABACAH)
- akta.pro secondary industries
- Bank-Affiliated Retail Wealth Management (FSAAAAAB), Trust Administration & Fiduciary Accounting Services (FSAAANAF), Escrow, Trust & Agency Services (escrow, paying agent, trustee) (FSABAIAI)
Keywords
Where The State Bank and Trust Company is headquartered
LocationHeadquarters
- HQ city
- Defiance
- HQ country
- United States
- HQ region
- North America
Offices35 records
Markets served
The State Bank and Trust Company business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Community Banking Services: Traditional deposit and lending services including checking, savings, CDs, and loans for personal and business customers
- Mortgage Banking: Residential mortgage origination and lending including fixed-rate, adjustable-rate, FHA, VA, and construction loans
- Wealth Management and Private Banking: Multi-generational trust, estate planning, investment management, and retirement planning services
- Commercial Banking: Commercial real estate loans, SBA loans, manufacturing equipment loans, and business credit facilities
- Title Insurance (Peak Title): Title insurance and opinions through SBFG Title, LLC dba Peak Title in the Tri-State region
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Standard banking services with FDIC insurance coverage |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
The State Bank and Trust Company product offering
Product offeringCore offering
The State Bank and Trust Company is a community bank providing full-service personal banking, business banking, mortgage lending, commercial lending, wealth management, and private banking services. Personal products include checking, savings/HSA/IRA/CD accounts, mortgage loans (Fixed Rate, ARM, FHA, VA, Construction, Jumbo, Physician), credit cards, personal loans/HELOC, and wealth management. Business products include checking, savings, treasury management, commercial real estate loans, SBA loans, manufacturing equipment loans, business credit cards, retirement services, business succession planning, and brokerage services. The bank also operates Peak Title, a title insurance subsidiary.
Product overview
The State Bank and Trust Company (State Bank) offers a comprehensive community banking platform providing full-service banking, mortgage banking, commercial banking, private client, and wealth management services. The core offering consists of personal and business banking products organized around three pillars: Bank (checking, savings, eServices), Borrow (mortgages, loans, credit cards), and Invest (wealth management, brokerage, retirement services). Personal products include checking accounts, savings/HSA/IRA/CD accounts, mortgage loans (Fixed Rate, ARM, FHA, VA, Construction, Jumbo), credit cards, and wealth management. Business products include commercial checking, treasury management solutions, SBA loans, commercial real estate financing, and business wealth management. The bank operates 22-23 banking centers across Ohio and Indiana with six loan production offices in the Tri-State region. The bank also operates Peak Title, a title insurance subsidiary. Online and mobile banking services are delivered through a Fiserv-powered platform with Zelle® integration for peer-to-peer payments.
Differentiator
Problem solved
Functional benefit
Brands
- Peak Title: Provides title insurance and opinions throughout the Tri-State region, operated by SBFG Title, LLC
Products and services
- Personal Checking Personal checking account with online banking access, Zelle® person-to-person transfers, and debit card services for individual banking customers.
- Personal Savings, HSA, IRA, and CD Savings accounts, Health Savings Accounts, Individual Retirement Accounts, and Certificates of Deposit for personal banking customers seeking deposits with FDIC insurance coverage.
- Personal Mortgage Loans Residential mortgage financing including Fixed Rate, Adjustable Rate (ARM), FHA, VA, Construction, Jumbo, Government, Physician, Bridge, and Lot Loans for homebuyers and homeowners.
- Personal Credit Cards Credit card products for personal banking customers.
- Personal Loans and Lines of Credit Personal loan products including home equity lines of credit (HELOC) and other personal borrowing solutions for individual customers.
- Personal Wealth Management Comprehensive wealth management services including multi-generational trust and estate planning, investment and asset management, tax planning, retirement planning, insurance, asset protection, and brokerage services for individuals and families.
- Personal Private Banking Banking services tailored for high-net-worth individuals with personalized financial solutions, coordinated with wealth management and estate planning.
- Business Checking Business deposit accounts with online cash management, designed for SMB banking needs.
- Business Savings Savings and money market accounts designed for business customers.
- Treasury Solutions Cash management and treasury management services for business customers, including account analysis and liquidity management tools.
- Commercial Real Estate Loans Financing for commercial and business real estate properties for business borrowers.
- SBA Loans Small Business Administration loan programs including SBA Preferred Lender services for qualifying small businesses.
- Manufacturing Loans Financing solutions for manufacturing equipment and machinery purchases by business customers.
- Business Credit Cards VISA business credit card program for business banking customers.
- Business Loans and Lines of Credit General business lending products including term loans and lines of credit for working capital and business needs.
- Business Wealth Management Wealth management and investment services for business owners and corporate accounts, including investment and asset management.
- Retirement Services Business retirement planning products including 401(k) and other qualified retirement plans for business clients.
- Business Insurance Business insurance products and securities offered through partnerships to business banking customers.
- Business Succession Planning Planning services to help business owners prepare for business continuity and ownership transitions.
- Business Brokerage Services Brokerage services for business investment and securities needs.
- Peak Title Insurance Title insurance and opinions provided through SBFG Title, LLC dba Peak Title throughout the Tri-State region (Ohio, Indiana, Michigan).
Quantifiable outcome
- Processed 700 PPP loans totaling $83.5 million, retaining 9,200+ jobs
Companies that use The State Bank and Trust Company
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles5 records
The State Bank and Trust Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature2 records
The State Bank and Trust Company partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Zelle (Early Warning Services, LLC)corePartnership to provide Zelle person-to-person payment services, allowing customers to send and receive money directly from their accounts within minutes through online and mobile banking.
Scale indicators10 records
Recent moves8 records
Expansion highlights5 records
The State Bank and Trust Company competitors and assessment
Company assessmentDirect peers
- Park National Corporation: Ohio-headquartered community bank holding company with a comparable multi-county branch network across central and southern Ohio, offering the same combination of personal, business, mortgage, and wealth management banking as State Bank.
- Peoples Bancorp Inc. Ohio-based community bank holding company operating across Ohio, West Virginia, and Kentucky with consumer, commercial, and mortgage lending plus wealth management — a directly comparable full-service community banking franchise.
- LCNB Corp. Ohio-chartered community bank holding company with branch and LPO presence concentrated in southwest Ohio, offering the same deposit, mortgage, CRE, and wealth management product mix as State Bank at a similar asset scale.
- First Merchants Corporation: Indiana-headquartered community bank holding company with branches across Indiana, Ohio, and Illinois; competes directly with State Bank for commercial and wealth relationships in the Tri-State footprint and shares a focus on CRE and SMB lending.
- Stock Yards Bancorp: Kentucky-based community bank with a comparable Midwest commercial banking, wealth management, and mortgage franchise at similar asset scale, providing a useful operating benchmark.
- Civista Bancshares: Ohio-chartered community bank with branches across northern and central Ohio — overlapping geography with State Bank and a comparable product set including commercial, mortgage, and wealth management.
- German American Bancorp: Indiana-headquartered community bank holding company with a multi-state Midwest footprint including southern Indiana, providing directly comparable Tri-State commercial and consumer banking.
- S&T Bancorp: Pennsylvania-based community bank holding company with a comparable mix of commercial lending, retail banking, and wealth management in a contiguous Midwest/Mid-Atlantic region.
- First Financial Bancorp: Cincinnati-based community bank with significant Ohio and Indiana branch presence, directly overlapping State Bank's Tri-State commercial and consumer banking territory.
- WesBanco: Multi-state community bank holding company operating across Ohio, West Virginia, Pennsylvania, and Kentucky with a comparable full-service community banking, mortgage, and wealth management product set.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
The State Bank and Trust Company social profiles
Digital presenceThe State Bank and Trust Company compliance and trust
Trust signalCompliance2 records
The State Bank and Trust Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
The State Bank and Trust Company leadership team
Management profileNumber of profiles
Profiles18 records
The State Bank and Trust Company subsidiaries and ownership
Company hierarchySubsidiaries1 record
The State Bank and Trust Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The State Bank and Trust Company M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The State Bank and Trust Company
What does The State Bank and Trust Company do?
The State Bank and Trust Company is a community bank providing full-service personal banking, business banking, mortgage lending, commercial lending, wealth management, and private banking services. Personal products include checking, savings/HSA/IRA/CD accounts, mortgage loans (Fixed Rate, ARM, FHA, VA, Construction, Jumbo, Physician), credit cards, personal loans/HELOC, and wealth management. Business products include checking, savings, treasury management, commercial real estate loans, SBA loans, manufacturing equipment loans, business credit cards, retirement services, business succession planning, and brokerage services. The bank also operates Peak Title, a title insurance subsidiary.
Is The State Bank and Trust Company a public or private company?
The State Bank and Trust Company is a public company. It is classified as corporate owned and is currently operating.
When was The State Bank and Trust Company founded?
The State Bank and Trust Company was founded in 1902. It employs 251 to 500 people.
Where is The State Bank and Trust Company based?
The State Bank and Trust Company is headquartered in Defiance, United States, in the North America region.
How does The State Bank and Trust Company make money?
Five revenue lines are on record. Community Banking Services are the primary driver. The others are mortgage Banking, wealth Management and Private Banking, commercial Banking and title Insurance (Peak Title).
Who are The State Bank and Trust Company's main competitors?
Direct peers on record are Park National Corporation, Peoples Bancorp Inc., LCNB Corp., First Merchants Corporation, Stock Yards Bancorp, Civista Bancshares, German American Bancorp, S&T Bancorp, First Financial Bancorp and WesBanco.
Does The State Bank and Trust Company have an API?
No public API is recorded for The State Bank and Trust Company.
What industry is The State Bank and Trust Company in?
The State Bank and Trust Company's product category is Community Banking. Its primary akta.pro industry code is FSABACAH, Real Estate (Commercial Property, REITs), with a secondary code of FSAAAAAB, Bank-Affiliated Retail Wealth Management. Its NAICS code is 52211 and its SIC code is 6022.