RG BANK

What RG BANK does

RG BANK is a mutually owned savings association headquartered in Monte Vista, Colorado, founded in 1905 as the Monte Vista Building Association and still operating under its original bank charter. The bank operates three full-service branches in Monte Vista, Alamosa, and Pagosa Springs, serving personal, business, and agricultural customers across 8 southern Colorado counties (Rio Grande, Alamosa, Archuleta, Saguache, Conejos, Costilla, Mineral, and Hinsdale). Its mutual ownership structure means depositors and borrowers hold voting rights, and the institution is FDIC-insured (NMLS #421822) with Equal Housing Lender designation.

The core technology platform is eBranch, a digital banking suite offering online account access, mobile banking with remote check deposit, person-to-person payments, ACH payroll processing ($10/month for unlimited employees), and CardValet debit card management. Core banking operations rely on FPS GOLD as a third-party software provider. Product breadth spans deposit accounts (basic/interest checking, savings, money market, CDs, IRAs), personal lending (home purchase/refinance, construction, HELOC, home improvement, auto, RV, residential lot loans), commercial lending (real estate, equipment, operating lines of credit, letters of credit), and parallel agricultural lending and account products tailored to farms and ranches.

Revenue is generated primarily through net interest income on the loan portfolio and deposit float, supplemented by account service fees (e.g., $8–$27 monthly/closure fees), transaction-based charges (per-item fees, debit card fees, wire fees, $10/month ACH payroll and $17/month Positive Pay for business accounts), and interchange income from MasterCard debit cards. The go-to-market motion combines sales-led in-branch relationship banking with direct-to-consumer digital onboarding through eBranch, and marketing emphasizes community reinvestment, local loan decision-making, and 120+ years of continuous community presence.

Name

RG BANK

Legal name

RG BANK, a Savings and Loan Association

Website

https://rgbank.bank

Company type

Private

Founded year

1905

Operating status

Operating

Headcount range

1–10 employees

Short description

RG BANK is a mutually owned community savings association founded in 1905, serving personal, business, and agricultural customers across 8 southern Colorado counties through 3 branches and an eBranch digital banking platform.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Commercial Banking (52211)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

Keywords

• Community banking
• Deposit accounts
• Agricultural lending
• Commercial lending
• Mortgage loans

Headquarters

HQ city

Monte Vista

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest earned on loans including home mortgages, commercial real estate loans, agricultural loans, equipment financing, lines of credit, and consumer loans. The bank offers fixed and variable rate products for various loan purposes.
2. Deposit Account Fees and Service Charges: Monthly service fees on accounts when balance falls below minimums, early closure fees within 90 days, per-item charges for excess transactions, and monthly debit card fees. Business accounts have additional fees for payroll processing and positive pay services.
3. ACH and Wire Transfer Fees: Fees from ACH payroll services ($10/month), wire transfer processing, and electronic payment services including bill pay
4. Deposit Float and Investment Income: Income from deposits held in checking, savings, money market, and certificate of deposit accounts, invested to generate returns while paying interest to depositors

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

RG BANK is a mutually owned savings association that provides community banking products and financial services to personal, business, and agricultural customers across 8 southern Colorado counties. Its core offerings include deposit accounts (checking, savings, money market, CDs, IRAs), MasterCard debit cards, and a full lending suite covering home mortgages, home equity, construction, auto/RV loans, commercial real estate, operating lines of credit, equipment financing, and agricultural real estate and operating loans, delivered through 3 branches and the eBranch digital platform.

Product overview

RG BANK offers a comprehensive suite of banking products organized across personal, business, and agricultural banking divisions. The core digital platform is eBranch, providing online and mobile banking services with 24/7 access. Personal banking includes checking (Basic and Interest Checking), savings, certificates of deposit, money market accounts, and IRAs, complemented by lending products for home mortgages, construction, home equity, auto, and recreational vehicles. Business banking encompasses checking, savings, CDs, money markets, and commercial lending including real estate, equipment, operating lines of credit, and letters of credit. Agricultural banking mirrors business offerings with specialized farm and ranch accounts and loans. Card products include personal and business MasterCard debit cards with CardValet management. Add-on services include ACH Payroll, P2P payments, and mobile deposit.

Differentiator

Problem solved

Functional benefit

Products and services

• RG Basic Checking Personal checking account with no monthly minimum balance requirement, no monthly service charges, and free first debit card with CardValet management capability. Includes $27 early closure fee within 90 days.
• RG Interest Checking Interest-bearing personal checking account that earns interest on balances, with $200 minimum balance to avoid the $8 monthly service fee. Interest is earned on balance over $25 minimum daily balance. Includes unlimited check writing and eStatements.
• RG Savings Account Personal savings account offering competitive interest rates with access via online and mobile banking. $3 monthly service fee waived for account holders 60+ and under 18. $1 per withdrawal/debit over 6 per month.
• RG Certificates of Deposit Time deposit accounts earning higher interest rates for longer terms and higher balances. Available for personal accounts and IRAs. Minimum $1,000 to open, with early withdrawal penalties applying.
• RG Money Market Account Interest-bearing account offering higher rates for maintaining higher balances with limited withdrawals (6 per month). Minimum $1,000 to open.
• RG Individual Retirement Accounts (IRA) Retirement savings accounts available as Traditional or Roth IRAs with competitive interest rates and guaranteed value (will not decrease in value).
• RG BANK MasterCard Debit Card Personal debit card for purchases at registers and online, with free cash withdrawals at RG BANK ATMs and cash back options at participating retailers. First card free with checking account and integrates with CardValet for card controls.
• Business Checking Business checking account for LLCs, partnerships, and incorporated businesses with online/mobile banking, free first debit card, and optional payroll processing and Positive Pay services. $200 minimum opening deposit and $8 monthly service charge if balance falls below $200.
• Business Savings Business savings account for business projects and equipment purchases with overdraft protection capability for primary business accounts. $25 minimum balance to open and $3 monthly service fee if balance falls below $200.
• RG BANK Business Debit Mastercard Business debit card reducing check usage and providing free cash withdrawals at RG BANK ATMs, with controls available through CardValet and purchase tracking.
• Home Mortgage Purchase Loan Fixed and variable rate mortgages for primary homes, secondary homes, and investment properties with low down payment options up to 97% loan-to-value with PMI.
• Home Mortgage Refinance Loan Refinancing options for existing home mortgages, including high loan-to-value refinance solutions.
• Home Equity Lines of Credit (HELOC) Revolving credit line using home as collateral with lower interest rates than credit cards, allowing repeated borrowing and repayment for various purposes.
• Home Construction Loans Construction financing with one-time closing capability allowing seamless transition from construction to permanent financing without additional fees.
• Home Improvement Loans Financing solutions for home improvement projects managed by experienced loan officers assisting through the entire process.
• Residential Lot Purchase Loan Loans for purchasing residential lots for primary homes, secondary homes, or investment properties with competitive fixed rates and up to 75% loan-to-value financing.
• Auto Loans Vehicle purchase and refinance loans with competitive fixed rates and flexible terms to keep payments affordable.
• Recreational Vehicle Loans Financing for motorcycles, campers, RVs, 4-wheelers, and side-by-sides for outdoor enthusiasts in southern Colorado.
• Commercial Real Estate Loans Financing for owner-occupied or leased commercial properties with competitive rates and customized terms for purchases or refinances.
• Operating Lines of Credit Short-term cash flow assistance loans for businesses, either for one-time needs or ongoing cyclical financing.
• Equipment Loans Financing for business equipment purchases or refinances to support business operations.
• Letters of Credit Guarantees on payments for large purchases to third parties, replacing costly performance bonds and guaranteeing services.
• Agricultural Real Estate Loans Farm and ranch real estate financing with competitive rates for purchases or refinancing, customized to agricultural operation needs.
• Agricultural Equipment Loans Financing for farm and ranch equipment purchases or refinances supporting agricultural operations.
• Agricultural Operating Lines of Credit Cash flow management loans for farms and ranches to bridge timing gaps between incoming and outgoing cash flows.
• Agricultural Checking Accounts Checking accounts for farms and ranches, including business accounts for LLCs/partnerships/corporations and basic/interest checking for sole proprietors.
• Agricultural Savings Accounts Savings accounts for farms and ranches with free access to online and mobile banking for managing agricultural finances.
• eBranch Online Banking Comprehensive online banking platform available 24/7 for account management, fund transfers, bill pay, statement viewing, stop payments, and debit card controls. Accessible at secure.rgbank.bank.
• Mobile Banking App Full-featured mobile banking application allowing customers to check balances, deposit checks via mobile deposit, transfer funds, and pay bills directly from their mobile devices.
• ACH Payroll Service Automated clearing house payroll processing allowing businesses to pay employees electronically for $10/month unlimited employees with local staff support available.
• Person-to-Person (P2P) Payments Instant money transfer service allowing customers to send funds to other individuals directly from their accounts.
• Mobile Deposit Check deposit capability allowing customers to photograph and submit checks for deposit directly from their mobile devices.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Three partnerships are on record, tiered supporting.

• Bankers Bank of the WestsupportingOthersWire transfer partner for incoming wires. Wires are sent to: Bankers Bank of the West ABA 1020-0374-3, 1099 18th Street Suite 2700, Denver, CO 80202, with final credit to RG BANK account.
• fTLD Registry ServicessupportingTechnology or Integration.BANK domain administrator that verifies and authenticates banks annually before domain registration. RG BANK uses .BANK domain (rgbank.bank) for enhanced security against phishing and spoofing attacks.
• FPS GOLDsupportingTechnology or IntegrationBanking software platform provider for online account opening functionality and core banking operations supporting RG BANK's eBranch services.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Elevations Credit Union: Colorado-based member-owned financial cooperative offering deposit accounts, consumer lending, mortgages, and business banking. Comparable member-owned model and Colorado market focus.
• ANB Bank: Colorado-based community bank offering personal banking, business banking, and wealth services across the state. Comparable product portfolio and community-bank positioning.
• Bellco Credit Union: Colorado-based member-owned credit union offering full-service personal, business, and mortgage banking products. Comparable cooperative ownership structure and Colorado retail banking focus.
• FirstBank: Lakewood, Colorado-headquartered community bank offering personal, business, and commercial banking products with a multi-branch Colorado footprint. Directly comparable in product mix and regional focus.
• Alpine Banks of Colorado: Colorado-headquartered community bank with a multi-branch footprint serving personal, business, and agricultural customers across western Colorado. Closely comparable community banking model and rural/small-town footprint.

Regional players

• Sunflower Bank, N.A. Regional bank operating primarily in Texas and the western U.S. with a community banking model focused on commercial, ag, and mortgage lending. Comparable in commercial and agricultural lending orientation though at larger scale.

Emerging players

• Live Oak Bank: Digital-forward community bank with specialty lending verticals including agricultural lending. Comparable in small-scale community bank model with differentiated lending focus and stronger digital capabilities.

Broad incumbents

• Wells Fargo: Large national bank with branch presence across Colorado including southern Colorado markets. Competes with RG BANK for deposits and loans at scale, but does not specialize in the bank's community/mutual niche.
• Zions Bancorporation: Regional bank holding company operating community banks across the western U.S. including Colorado. Overlaps with RG BANK in personal and business banking but at substantially larger scale and broader geography.
• Glacier Bancorp: Multi-state community bank holding company with a portfolio of community banks across the western U.S. Larger scale than RG BANK but operates the same relationship-based community banking model in similar rural/small-metro markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/RGBanking
• Instagraminstagram.com/thisisrgbank
• LinkedInlinkedin.com/company/rg-bank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RG BANK