First Savings Bank
First Savings Bank is a privately held community bank founded in 1910 in Beresford, South Dakota, operating 24 branches across six states with 211 employees, serving consumers, small and mid-sized businesses, and agricultural operations with personal, business, and farm lending products.
- Company typePrivate
- Founded1910
- HeadquartersBeresford, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What First Savings Bank does
First Savings Bank is a privately held community bank founded in 1910, headquartered in Beresford, South Dakota, operating 24 branch locations across six states (Arizona, Nebraska, Nevada, New Mexico, South Dakota, and Texas) with approximately 211 employees. The institution provides personal banking (checking, savings, CDs, personal loans, mortgages, IRAs, and self-directed retirement products), business banking (checking variants, savings, cash management, merchant processing, SBA 7(a) and 504 loans, and commercial real estate lending), and agricultural banking (operating lines, equipment loans, livestock loans, farm real estate, and FSA- and USDA-guaranteed loans), as well as ag insurance through First Insurance Services. The bank's stated differentiator is more than a century of service to farmers and ranchers, supported by relationship managers who visit farms directly and provide local lending decisions.
The technology stack centers on the branded PC Express consumer internet banking platform and the PC Execubanc business internet banking platform, delivered via web and native iOS/Android mobile apps, with CheckFree powering bill pay, CardValet (Fiserv) providing debit card controls, DIGIPASS (VASCO Data Security) generating one-time passwords for transaction authentication, QuickBooks Direct Connect enabling accounting reconciliation, Clover (via First Data Merchant Services) handling merchant card processing, Deluxe Corp providing check printing, and VeriSign SSL securing transport. Mobile wallet support spans Apple Pay, Google Wallet, and Samsung Pay, and the bank maintains FDIC insurance, Equal Housing Lender status, and NMLS ID 501160.
Revenue is generated primarily through net interest income on the loan portfolio — agricultural, commercial real estate, SBA, residential mortgage, and consumer — supplemented by transaction-based fees on deposit accounts (statement and service charges), cash management services, merchant processing, and premium bill payment (rush delivery at $9.95-$14.95). The go-to-market is community-bank direct-to-consumer through the branch network combined with relationship-based commercial and agricultural lending; the bank does not publish financial statements and is privately held with no disclosed parent company, institutional investors, or private equity backing.
First Savings Bank firmographics
Firmographics- Name
- First Savings Bank
- Legal name
- First Savings Bank
- Website
- https://firstsavingsbanks.bank
- Company type
- Private
- Founded year
- 1910
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- First Savings Bank is a privately held community bank founded in 1910 in Beresford, South Dakota, operating 24 branches across six states with 211 employees, serving consumers, small and mid-sized businesses, and agricultural operations with personal, business, and farm lending products.
- Ownership category
- akta.pro rank
First Savings Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221), Commercial Banking (52211)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
Keywords
Where First Savings Bank is headquartered
LocationHeadquarters
- HQ city
- Beresford
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
First Savings Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income from Lending: Primary revenue from interest earned on agricultural loans, commercial real estate loans, SBA loans, personal loans, and mortgages. Includes operating loans, equipment loans, livestock loans, and farm real estate financing.
- Deposit Account Fees and Charges: Fees from checking accounts, savings accounts, money market accounts, and CDs including statement fees and service charges.
- Business Banking Services: Cash management services, ACH processing, wire transfers, credit card processing through Clover partnership, and business checking accounts.
- Bill Payment Services: Optional bill payment service with rush delivery options - overnight check $14.95, same day payment $9.95.
- Check Ordering: Check reordering through Deluxe Corp partnership.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Bill Payment Service - Standard |
| Other | Monthly | Small Business Checking |
| Other | Monthly | Business N.O.W. Checking |
| Other | Monthly | Business Credit Back Checking |
| Transaction based/ take rate | Pay-as-you-go | Check Reordering |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
First Savings Bank product offering
Product offeringCore offering
First Savings Bank is a community bank providing personal banking (checking, savings, CDs, personal loans, mortgages, retirement products), business banking (checking, savings, cash management, commercial and SBA loans), and agricultural banking (operating, equipment, livestock, and farm real estate loans, plus crop and livestock insurance). It serves consumers, small to mid-sized businesses, and farmers/ranchers across Arizona, Nebraska, Nevada, New Mexico, South Dakota, and Texas through 24 branch locations and digital channels including internet and mobile banking.
Product overview
First Savings Bank is a community bank serving Arizona, Nebraska, Nevada, New Mexico, South Dakota, and Texas with 24 locations and 211 employees. Its product portfolio spans three main segments: Personal Banking (checking, savings, CDs, personal loans, mortgages, retirement products, and mobile/internet banking), Business Banking (checking, savings, cash management, commercial lending, SBA loans, and SBA 504 loans), and Agricultural Banking (deposit accounts, operating loans, equipment loans, livestock loans, real estate loans, FSA and USDA guaranteed loans, and crop/livestock insurance). The bank operates primarily through its PC Express online banking platform and native iOS/Android mobile apps, supplemented by third-party integrations including CheckFree for bill payment, QuickBooks Direct Connect for accounting software, Clover for merchant processing, and CardValet for business card management, as well as mobile wallet support for Apple Pay, Google Wallet, and Samsung Pay.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Personal checking accounts offering everyday banking with access to online and mobile banking, debit cards, and bill payment for individual consumers.
- Savings Accounts and CDs Savings accounts and certificates of deposit providing competitive rates for personal savings goals for individual consumers.
- VIP Club A special benefits program for customers age 55 and better, offering perks and advantages tailored to senior individual customers.
- Personal Loans Loan products for personal needs including unsecured personal loans and lines of credit for individual consumers.
- Retirement Products Retirement savings products including Savings and CDs IRAs and Self-Directed IRAs for personal retirement planning for individual consumers.
- Home and Real Estate Loans Mortgage and home equity loan products for purchasing, refinancing, or leveraging real estate, covering primary residences, second homes, and investment properties for individual consumers.
- Internet and Mobile Banking PC Express online and mobile banking platform providing 24/7 account access, bill pay, mobile deposit, fund transfers, text alerts, and debit card management for personal customers.
- Small Business Checking Checking account designed for small businesses with lower balance requirements, the first 75 checks and 75 deposited items included at no charge.
- Business N.O.W. Checking Interest-bearing checking account for sole proprietors and business individuals with unlimited check writing privileges.
- Business Credit Back Checking High-activity business checking account with unlimited check writing, an earnings credit to offset fees, and monthly check images.
- Employee Rewards Checking Benefits checking program for employees of enrolled businesses, including unlimited check writing, direct deposit, ATM/debit cards, and online services.
- IOLTA (Interest on Lawyer Trust Accounts) Interest-bearing trust accounts for law firms holding client funds, with interest remitted to the state Bar Foundation for pro-bono legal assistance programs.
- Business Savings, Money Market, and CDs Statement savings, tiered money market accounts, and fixed-rate business certificates of deposit (terms 91 days to 60 months) for businesses maintaining extra funds.
- Business Cash Management Personalized cash management suite including PC Execubanc internet banking, business mobile banking, ACH services, wire transfers, bill pay, and remote deposit capture for business customers.
- Commercial Real Estate Lending Financing for commercial properties including office buildings, industrial buildings, multi-family units, retail centers, construction, land development, and investor-owned residential real estate.
- SBA 7(a) Loans SBA-guaranteed loans for small business start-ups, acquisitions, remodeling, expansion, succession, real estate, equipment, and working capital.
- SBA 504 Loans Long-term, fixed-rate SBA financing for fixed assets through Certified Development Companies, structured with the bank covering 50%, SBA 40%, and borrower 10% of project costs.
- Ag Banking Comprehensive banking services for farmers and ranchers including deposit accounts, farming loans, and cash management tailored to agricultural operations.
- Ag Operating Loans and Lines of Credit Flexible agricultural operating loans and lines of credit for crop and livestock inputs and working capital needs.
- Equipment Loans Loans for purchasing equipment with flexible term lengths, customized repayment plans, and automatic payment options from checking accounts.
- Livestock Loans Flexible financing for purchasing feeder livestock or breeding livestock with customized repayment plans.
- Farm and Ranch Real Estate Loans Long-term fixed or variable rate financing for purchasing or refinancing farmland and agricultural buildings and storage facilities.
- FSA Guaranteed Loans Farm Service Agency guaranteed loans for family farms and ranches to purchase land, livestock, equipment, feed, seed, and supplies.
- USDA Business & Industry Loans USDA-guaranteed loans for rural businesses covering business conversion, land acquisition, equipment, inventory, and debt refinancing, with guarantees up to 80% for eligible rural areas.
- Ag Insurance Agricultural insurance products including hail insurance, crop insurance, and livestock risk protection offered through licensed agents at First Insurance Services.
- Clover Credit Card Processing All-in-one payment processing and business management solution through Clover, supporting EMV, Apple Pay, Samsung Pay, inventory management, employee scheduling, and loyalty programs for business merchants.
- Positive Pay Fraud prevention tool combining check positive pay with payee match, ACH positive pay, and full account reconciliation for transaction management for business customers.
Companies that use First Savings Bank
Customer profileSegments4 records
Ideal customer profiles4 records
First Savings Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature7 records
First Savings Bank partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and supporting.
- CheckFree Services CorporationcoreCheckFree provides the bill payment service platform for the bank's online banking bill pay functionality, enabling electronic bill payment to any payee.
- ClovercoreClover provides all-in-one payment processing system and business management solution for merchants. First Data Merchant Services LLC provides merchant services through this partnership.
- QuickBooks (Intuit)coreDirect Connect integration allows QuickBooks Desktop users to securely download transactions and reconcile accounts directly from business internet banking without manual data entry.
- Deluxe CorpsupportingDeluxe Corp provides check printing services. Customers can order personal and business checks online through Deluxe's platform.
- VeriSigncoreVeriSign provides 128-bit SSL digital certificates and server authentication for the bank's secure internet banking platform.
- Farm Service Agency (FSA)coreFSA guaranteed loans for family-size farms and ranches, enabling the bank to offer financing for land, livestock, equipment, feed, seed, and supplies with government guarantee backing.
- USDA Rural DevelopmentcoreUSDA Business & Industry loan guarantee program for rural businesses. Loans up to $25 million with guarantees up to 80% for projects in eligible rural areas.
- Small Business Administration (SBA)coreSBA 7(a) and 504 loan programs for small business financing including start-up, acquisition, expansion, real estate, equipment, and working capital. SBA guarantees reduce lender risk.
Scale indicators3 records
Recent moves1 record
Expansion highlights5 records
First Savings Bank competitors and assessment
Company assessmentDirect peers
- Great Western Bank: Community bank historically serving rural and agricultural customers across the Midwest and Western U.S. with comparable deposit, lending, and ag-banking product mixes — overlap with FSB's footprint and customer segments.
- Dacotah Bank: South Dakota-headquartered community bank with similar agricultural lending focus and multi-state Plains footprint — directly comparable in target customer and product offering.
- First Dakota National Bank: South Dakota-based community bank serving ag, business, and consumer customers across similar Plains-region markets — closely comparable business model and customer base.
- MetaBank (Prosperity Bank): South Dakota-chartered bank with community and specialty banking franchises serving similar consumer and small-business segments — comparable charter type and operating geography.
- CorTrust Bank: Regional community bank serving consumer and business customers across the Plains and upper Midwest with comparable personal/business banking products and ag-betting exposure.
Broad incumbents
- Heartland Financial USA (HTLF / Heartland Bancorp): Multi-state community bank holding company operating a broader branch network across the Midwest, Southwest, and Mountain West — overlapping geographies (AZ, NM, NV) with FSB and similar ag and SME lending focus.
- Glacier Bancorp: Multi-state community bank holding company concentrated in the Mountain West and Pacific Northwest — direct geographic overlap in AZ and NV with comparable community-banking franchise model.
- UMB Financial Corporation: Midwest-rooted diversified financial services holding company offering commercial banking, treasury management, and institutional services — similar Midwestern community-bank heritage with a broader product portfolio.
Regional players
- West Bancorporation: Iowa-based community bank holding company focused on commercial and consumer banking across the Midwest — analogous community-bank model operating in a neighboring agricultural geography.
Others
- CoBank: Farm Credit System bank providing wholesale and direct ag lending nationwide — comparable agricultural lending domain and customer base, though operating at larger wholesale scale rather than community retail.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
First Savings Bank social profiles
Digital presenceFirst Savings Bank compliance and trust
Trust signalCompliance5 records
First Savings Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Savings Bank leadership team
Management profileNumber of profiles
Profiles1 record
First Savings Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Savings 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 First Savings Bank
What does First Savings Bank do?
First Savings Bank is a community bank providing personal banking (checking, savings, CDs, personal loans, mortgages, retirement products), business banking (checking, savings, cash management, commercial and SBA loans), and agricultural banking (operating, equipment, livestock, and farm real estate loans, plus crop and livestock insurance). It serves consumers, small to mid-sized businesses, and farmers/ranchers across Arizona, Nebraska, Nevada, New Mexico, South Dakota, and Texas through 24 branch locations and digital channels including internet and mobile banking.
Is First Savings Bank a public or private company?
First Savings Bank is a private company. It is classified as unknown and is currently operating.
When was First Savings Bank founded?
First Savings Bank was founded in 1910. It employs 101 to 250 people.
Where is First Savings Bank based?
First Savings Bank is headquartered in Beresford, United States, in the North America region.
How does First Savings Bank make money?
Five revenue lines are on record. Interest Income from Lending is the primary driver. The others are deposit Account Fees and Charges, business Banking Services, bill Payment Services and check Ordering.
Who are First Savings Bank's main competitors?
Direct peers on record are Great Western Bank, Dacotah Bank, First Dakota National Bank, MetaBank (Prosperity Bank) and CorTrust Bank. Broad incumbents are Heartland Financial USA (HTLF / Heartland Bancorp), Glacier Bancorp and UMB Financial Corporation. West Bancorporation is listed as a regional player. CoBank is listed as an others.
Does First Savings Bank have an API?
No public API is recorded for First Savings Bank.
What industry is First Savings Bank in?
First Savings 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 522180 and its SIC code is 6036.