Bank Iowa
Bank Iowa is a privately held, family-owned community bank operating 20+ branches across Iowa, providing personal, business, and agricultural banking services including lending, deposits, treasury management, and 1031 exchange services to Iowa consumers, small businesses, and farm families.
- Company typePrivate
- Founded1901
- HeadquartersJohnston, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Bank Iowa does
Bank Iowa is a privately held, family-owned community bank headquartered in West Des Moines, Iowa, operating more than 20 branch locations across 23+ Iowa communities. Founded in 1901 and owned by the Duncan and Barr families for 50 years, the bank serves three core customer segments: Iowa consumers and families (checking, savings, mortgages, credit cards), Iowa small businesses (business checking, commercial and SBA loans, treasury management), and Iowa farm families (ag lending, ag treasury management, farm operating loans, and now 1031 exchange services via IPE 1031). It is recognized as the second-largest family-owned bank in Iowa and one of the state's leading independent agricultural banks, with more than $2.4 billion in assets as of 2025.
The bank's core technology stack runs on the D+H Phoenix core banking platform (upgraded in 2017), with a digital layer consisting of a mobile banking app for iOS and Android, online banking with bill pay and mobile deposit, and third-party integrations including ClickSWITCH for account migration, SavvyMoney for credit wellness, Remote Deposit Capture for business deposits, and biometric authentication. Treasury management modules include ACH origination, wire transfers, Positive Pay fraud prevention, sweep accounts, and merchant processing delivered in partnership with Professional Solutions. The bank holds FDIC insurance and Equal Housing Lender designation.
Bank Iowa generates revenue through a traditional community bank model: net interest income from agricultural, commercial, mortgage, and consumer lending (including HELOCs), plus non-interest income from deposit service charges, treasury management fees, merchant processing residuals, and credit card interchange on its Platinum Rewards card. Distribution is branch-led with relationship-based bankers making local credit decisions, supplemented by digital channels. The bank has historically pursued a roll-up growth strategy of in-state acquisitions, and under former CEO Jim Plagge expanded assets from $1.1B (2012) to more than $2.4B (2025), achieving record net income in 2025. Jason Herrboldt succeeded Plagge as President and CEO in May 2026.
Bank Iowa firmographics
Firmographics- Name
- Bank Iowa
- Legal name
- Bank Iowa
- Website
- https://bankiowa.bank
- Company type
- Private
- Founded year
- 1901
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Bank Iowa is a privately held, family-owned community bank operating 20+ branches across Iowa, providing personal, business, and agricultural banking services including lending, deposits, treasury management, and 1031 exchange services to Iowa consumers, small businesses, and farm families.
- Ownership category
- akta.pro rank
Bank Iowa industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Bank Branch / Retail Purchase Mortgages (FSALAAAA)
Keywords
Where Bank Iowa is headquartered
LocationHeadquarters
- HQ city
- Johnston
- HQ country
- United States
- HQ region
- North America
Offices22 records
Markets served
Bank Iowa 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: Income from lending activities including agricultural loans, commercial loans, mortgage lending, consumer loans, and HELOCs
- Deposit Services: Checking accounts, savings accounts, money market accounts, CDs, IRAs, and HSAs
- Fee Income: Service charges, transaction fees, and monthly maintenance fees on various accounts
- Treasury Management Services: ACH origination, wire transfers, merchant processing, sweep accounts for business clients
- Credit Card Services: Platinum Rewards Credit Card with cash back and rewards
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Commercial Checking - For businesses with higher balances and frequent transactions |
| Hybrid | Monthly | $ensible Checking - Cash back rewards on debit card purchases |
| Subscription | Monthly | Young Saver Account - Savings account for youth 18 and under |
| Freemium | Monthly | Free Checking - Basic checking account with no monthly fees |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Bank Iowa product offering
Product offeringCore offering
Bank Iowa provides full-service community banking to personal, business, and agricultural customers across Iowa through 20+ branch locations plus online and mobile banking channels. Core offerings include checking, savings, money market, and certificate of deposit accounts, credit and debit cards, mortgages, HELOCs, consumer and student loans, commercial and SBA loans, agricultural loans, and a treasury management platform (ACH origination, wire transfers, remote deposit capture, positive pay, sweep accounts, merchant processing).
Product overview
Bank Iowa offers a comprehensive banking platform providing personal, business, and agricultural banking services across 20+ Iowa locations plus digital channels. The core banking products include checking and savings accounts (with reward programs like $ensible Checking offering cash back), certificates of deposit, money market accounts, credit cards, and debit cards. The digital banking platform enables mobile deposits, bill pay, and online account management. Business services are enhanced through Treasury Management, a modular cash management platform offering ACH origination, wire transfers, Remote Deposit Capture, Positive Pay fraud prevention, Sweep Accounts, and Merchant Processing (in partnership with Professional Solutions). Lending products span consumer loans, mortgages (including HELOC and mobile mortgage), student loans, business loans, SBA loans, and agricultural loans. Additional financial services include HSA and IRA accounts, identity theft protection, SavvyMoney credit monitoring, ClickSWITCH account migration, and 1031 Intermediary Services for real estate exchanges.
Differentiator
Problem solved
Functional benefit
Brands
- Let's Make it Happen: The bank's slogan and marketing tagline representing their customer service approach.
Products and services
- $ensible Checking
- Free Checking
- Young Saver Account
- Commercial Checking
- Agricultural Checking
- Certificate of Deposit (CD)
- Money Market Accounts
- Premier Money Market
- Platinum Rewards Credit Card
- Bank Iowa Debit Card
- Digital Banking (Online & Mobile Banking)
- Treasury Management
- ACH Origination & Wire Transfers
- Remote Deposit Capture
- Positive Pay Services
- Sweep Accounts
- Merchant Processing
- Mortgage Lending
- Consumer Loans
- Student Loans
- Business Loans
- Agricultural Loans
- Health Savings Account (HSA)
- Individual Retirement Account (IRA)
- 1031 Intermediary Services (IPE 1031)
- SavvyMoney
- Bank Iowa ClickSWITCH
- Identity Theft Services
Quantifiable outcome
- Grew from $1.1B to $2.4B in assets from 2012-2025
- +2 more outcomes
Companies that use Bank Iowa
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Bank Iowa technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature5 records
Bank Iowa partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- IPE 1031coreBank Iowa acquired IPE 1031 in 2025 to strengthen the bank's ability to support generational wealth transitions for farm families, landowners, and business owners through 1031 exchange intermediary services.
- Professional SolutionscoreBank Iowa partners with Professional Solutions for merchant processing services, enabling businesses to securely accept credit card payments in person, online or on the go.
- Iowa Fraud FightersminorBank Iowa refers customers to Iowa Fraud Fighters for fraud education resources and information about common scams targeting Iowans.
Scale indicators9 records
Recent moves8 records
Expansion highlights5 records
Bank Iowa competitors and assessment
Company assessmentDirect peers
- West Bancorporation (West Bank): Iowa-based publicly traded bank holding company operating West Bank, a community-focused commercial bank serving consumers and businesses across Iowa. Most directly comparable to Bank Iowa given overlapping Iowa geography, similar commercial/community banking focus, and comparable asset scale.
- QCR Holdings: Moline, Illinois-based bank holding company for Quad City Bank & Trust, Community State Bank, and Cedar Rapids Bank & Trust, with significant Iowa presence. Comparable community/commercial banking model with similar asset size and agricultural lending exposure in the Midwest.
- MidWestOne Financial Group: Iowa City-based bank holding company operating MidWestOne Bank, a community bank with branches across Iowa and the Midwest. Direct peer with similar community banking focus, comparable asset size, and overlapping Iowa geography serving commercial and consumer customers.
- Heartland Financial USA / HTLF (now SouthState after merger): Previously a Dubuque, Iowa-based community bank holding company operating multiple community bank brands across the Midwest. Direct peer with comparable community banking model, asset scale, and Iowa footprint before its merger with SouthState.
- First Busey Corporation: Champaign, Illinois-based bank holding company operating Busey Bank with community banking locations across Illinois, Indiana, Missouri, and Florida. Comparable Midwestern community bank with similar asset scale and commercial/consumer banking focus, though more geographically diversified.
- GreenState Credit Union: Iowa-based credit union serving members statewide with consumer checking, mortgages, commercial lending, and wealth management. Competes directly with Bank Iowa for personal and small business banking relationships in Iowa, though structured as a member-owned credit union rather than a commercial bank.
Broad incumbents
- Commerce Bancshares: Kansas City-based bank holding company with $25B+ in assets serving commercial, consumer, and wealth customers across multiple Midwest states. Larger incumbent with overlapping commercial banking capabilities and treasury management services, though operating at much greater scale than Bank Iowa.
- UMB Financial Corporation: Kansas City-based diversified bank holding company with commercial banking, treasury management, and institutional banking services across multiple states. Broader incumbent with comparable commercial and treasury management offerings, though much larger and serving multiple geographies beyond Iowa.
Emerging players
- Farm Credit Services of America: Cooperative lender and part of the Farm Credit System providing agricultural loans and financial services across Iowa, Nebraska, South Dakota, and Wyoming. Comparable ag lending focus for the same Iowa farmer customer base, though structured as a cooperative with different ownership model and product breadth.
- Stock Yards Bancorp: Louisville, Kentucky-based bank holding company with $8B+ in assets operating community banking, wealth management, and commercial lending across Kentucky, Indiana, and Ohio. Comparable community-focused commercial bank with similar asset scale and relationship-driven banking model, though serving different Midwest geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Bank Iowa social profiles
Digital presenceBank Iowa compliance and trust
Trust signalCompliance2 records
Bank Iowa financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank Iowa leadership team
Management profileNumber of profiles
Profiles26 records
Bank Iowa subsidiaries and ownership
Company hierarchySubsidiaries1 record
Bank Iowa funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank Iowa 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 Bank Iowa
What does Bank Iowa do?
Bank Iowa provides full-service community banking to personal, business, and agricultural customers across Iowa through 20+ branch locations plus online and mobile banking channels. Core offerings include checking, savings, money market, and certificate of deposit accounts, credit and debit cards, mortgages, HELOCs, consumer and student loans, commercial and SBA loans, agricultural loans, and a treasury management platform (ACH origination, wire transfers, remote deposit capture, positive pay, sweep accounts, merchant processing).
Is Bank Iowa a public or private company?
Bank Iowa is a private company. It is classified as family owned and is currently operating.
When was Bank Iowa founded?
Bank Iowa was founded in 1901. It employs 251 to 500 people.
Where is Bank Iowa based?
Bank Iowa is headquartered in Johnston, United States, in the North America region.
How does Bank Iowa make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are deposit Services, fee Income, treasury Management Services and credit Card Services.
Who are Bank Iowa's main competitors?
Direct peers on record are West Bancorporation (West Bank), QCR Holdings, MidWestOne Financial Group, Heartland Financial USA / HTLF (now SouthState after merger), First Busey Corporation and GreenState Credit Union. Broad incumbents are Commerce Bancshares and UMB Financial Corporation. Emerging players are Farm Credit Services of America and Stock Yards Bancorp.
Does Bank Iowa have an API?
No public API is recorded for Bank Iowa.
What industry is Bank Iowa in?
Bank Iowa's product category is Community Banking. Its primary akta.pro industry code is FSALAAAA, Bank Branch / Retail Purchase Mortgages. Its NAICS code is 52211 and its SIC code is 6021.