GenoaBank
GenoaBank is a community bank founded in 1902 in Genoa, Ohio, operating 11 branches across Northwest Ohio and Monroe County, Michigan. The bank serves consumer, business, agricultural, and investment customers with checking, savings, lending, and digital banking products.
- Company typePrivate
- Founded1902
- HeadquartersGenoa, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What GenoaBank does
GenoaBank is a privately held community bank founded in 1902 in Genoa, Ohio, operating 11 branch locations across Northwest Ohio (Lucas, Ottawa, Sandusky, Wood, Fulton, and Erie counties) and Monroe County, Michigan. The legal entity is The GenoaBanking Company, with GenBanc, Inc. as its holding company (which offers a Dividend Reinvestment Plan). The bank serves four primary customer segments: consumer/personal banking (with products including five checking account variants, five savings account variants, CDs, IRAs, mortgages, auto loans, personal loans, and credit cards), business banking (tiered business checking accounts, merchant card processing, remote deposit capture, cash management with Positive Pay fraud protection), agricultural lending (equipment loans, land loans, operating lines of credit, and AgLink program with Ohio Treasurer's office), and investment services through the GenoaFinancial sub-brand offered in partnership with LPL Financial.
The bank's digital banking infrastructure is built on Fiserv's platform, providing online banking and mobile applications (iOS and Android) with biometric authentication, mobile deposit, bill pay with same-day payment to over 400 merchants, eStatements, card management, and an "Instant Balance" feature. Cards integrate with Apple Pay, Google Pay, and Samsung Pay, with Mastercard SecureCode for online transaction authentication. Business customers additionally have Quicken, QuickBooks, and Microsoft Money integration for account data export, plus Positive Pay for check/ACH fraud monitoring. The bank participates in the MoneyPass surcharge-free ATM network for coast-to-coast ATM access.
Revenue is generated primarily through net interest income on loans (mortgages, auto, commercial, agricultural, personal), supplemented by deposit account fees (monthly maintenance fees below minimum balances, transaction fees above free limits), ATM/debit card fees, credit and gift card fees, safe deposit box rentals ($20-$65 annually), and investment commissions from the LPL Financial brokerage partnership. The bank's go-to-market relies on branch-based relationship banking combined with digital channels, emphasizing local decision-making, quick turnaround on credit decisions, and community involvement through sponsorships and local events as customer acquisition levers. Marketing is conducted via the company website, Facebook/Instagram/LinkedIn social channels, a monthly email newsletter, and over 40 online financial calculators.
GenoaBank firmographics
Firmographics- Name
- GenoaBank
- Legal name
- The GenoaBanking Company
- Website
- https://genoabank.com
- Company type
- Private
- Founded year
- 1902
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- GenoaBank is a community bank founded in 1902 in Genoa, Ohio, operating 11 branches across Northwest Ohio and Monroe County, Michigan. The bank serves consumer, business, agricultural, and investment customers with checking, savings, lending, and digital banking products.
- Ownership category
- akta.pro rank
GenoaBank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (52218)
- 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 GenoaBank is headquartered
LocationHeadquarters
- HQ city
- Genoa
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
GenoaBank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: GenoaBank generates primary revenue through interest earned on loans including mortgages, auto loans, commercial loans, agricultural loans, and personal loans. The bank offers competitive rates on various loan products with terms ranging from short-term to 84-month auto loans.
- Deposit Account Fees: Monthly maintenance fees on accounts that fall below minimum balance requirements, transaction fees for business checking accounts exceeding free transaction limits, and ATM/debit card related fees.
- Investment Services Commission: GenoaFinancial, offered through LPL Financial, provides brokerage accounts, IRA, 401k, 403b, pension rollover planning, professional money management, stocks, bonds, mutual funds, annuities, college savings plans, and insurance planning. The bank earns commissions on investment products sold through this partnership.
- Safe Deposit Box Rental: Annual rental fees for safe deposit boxes ranging from $20 to $65 per year depending on dimensions, providing secure storage for valuable documents and items.
- Card Services: Fees associated with ATM/debit cards, credit cards, and Visa gift cards. Gift cards can be loaded in amounts from $10 to $1,000 with a purchase fee.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Statement Savings - $50 opening, $200 minimum balance, $0 for minors/non-profits |
| Subscription | Annual | Christmas Club Savings - $2 opening, no minimum balance |
| Subscription | Annual | Vacation Club Savings - $2 opening, no minimum balance |
| Subscription | Monthly | Money-Market Savings - $1,000 opening and minimum balance |
| Subscription | Monthly | HSA Savings - No minimum opening, competitive tiered rates |
| Subscription | Monthly | Graduation Checking - $50 opening, $25 gift for graduating seniors |
| Subscription | Monthly | Simply Free Checking - No monthly maintenance fee |
| Subscription | Monthly | 55+ Checking - Minimum age 55, requires direct deposit |
| Subscription | Monthly | Interest Checking - $1,000 opening and minimum balance |
| Subscription | Monthly | Fresh Start Checking - $5 opening, for customers rebuilding credit |
| Subscription | Monthly | Small Business Checking - $1,000 opening, 50 free transactions |
| Subscription | Monthly | Business Checking - $5,000 opening, 150 free transactions |
| Subscription | Monthly | Business+ Checking - $25,000 opening, 300 free transactions |
| Subscription | Monthly | Non-Profit Checking - $50 opening, no minimum balance |
| Subscription | Monthly | Business Interest Checking - $5,000 opening, 25 free transactions, tiered rates |
| Other | Monthly | Auto Loans - Starting at 6.50% APR for 60-month terms |
| Subscription | Monthly | CD Rates - Range from 2.47% to 3.78% APY |
| Subscription | Annual | Safe Deposit Boxes - Annual rental from $20 to $65 |
| One time/ perpetual license | Pay-as-you-go | Visa Gift Card - Prepaid gift card $10 to $1,000 |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels8 records
GenoaBank product offering
Product offeringCore offering
GenoaBank is a community bank offering personal and business deposit accounts (checking, savings, CDs, IRAs), consumer and commercial lending (auto, mortgage, personal, credit card, commercial real estate, working capital, agricultural loans), digital banking services (online, mobile, mobile deposit, bill pay, eStatements, positive pay, cash management, remote deposit capture), and investment and wealth management services through the GenoaFinancial sub-brand in partnership with LPL Financial. Products are sold directly through 11 branches, online channels, and dedicated commercial and agricultural lending officers.
Product overview
GenoaBank is a community bank offering a comprehensive suite of banking products and services. The core offerings include personal checking accounts (Graduation, Simply Free, 55+, Interest, and Fresh Start varieties), personal savings accounts (Statement, Christmas Club, Vacation Club, Money Market, and HSA), and Certificate of Deposit accounts. Business banking products include Small Business Checking, Business Checking, Business+ Checking, Non-Profit Checking, and Business Interest Checking accounts. The bank provides various loan products including auto loans, mortgages, personal loans, credit cards, commercial loans, and agricultural loans. Digital banking services encompass Personal Online Banking, Mobile Banking (iPhone and Android), Bill Pay, Mobile Deposit, eStatements, and Business Online Banking with Cash Management and Positive Pay fraud protection. Additional services include Merchant Card Processing, Remote Deposit Capture, Safe Deposit Boxes, and the GenoaFinancial investment sub-brand offering brokerage, IRA, and financial planning through LPL Financial.
Differentiator
Problem solved
Functional benefit
Brands
- GenoaFinancial: Investment services subsidiary offering brokerage accounts, IRA, 401k, 403b and pension rollover planning, professional money management, stocks and bonds, mutual funds, annuities, college savings plans, and insurance planning through LPL Financial
Products and services
- Personal Checking Accounts
- Personal Savings Accounts
- Certificates of Deposit (CDs) and IRAs
- Business Checking Accounts
- Auto Loans
- Mortgages
- Personal Loans
- Credit Cards
- Commercial Loans
- Agricultural Loans
- Personal Digital Banking
- Business Online Banking and Cash Management
- Remote Deposit Capture
- Merchant Card Processing
- Safe Deposit Boxes
- ATM/Debit Card
- Visa Gift Card
- GenoaFinancial Investment Services
Companies that use GenoaBank
Customer profileSegments4 records
Ideal customer profiles1 record
GenoaBank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature5 records
GenoaBank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- LPL FinancialcoreGenoaFinancial investment services are offered through LPL Financial, a registered investment advisor and broker/dealer (member FINRA/SIPC). LPL provides the platform for GenoaFinancial's brokerage accounts, retirement planning, and investment management services. GenoaBank shares information with its affiliate GenoaFinancial.
- MoneyPasscoreGenoaBank is partnered with MoneyPass, a surcharge-free ATM network providing thousands of ATM locations nationwide. This partnership allows GenoaBank customers to access cash without surcharges across the country.
- FiservcoreGenoaBank Mobile Banking is powered by Fiserv. Fiserv provides the technology infrastructure for the bank's mobile banking application, online banking platform, and related digital banking services.
- Ohio Treasurer's Office - AgLink ProgramcoreGenoaBank partners with the Ohio Treasurer's AgLink program to provide up to 3% interest rate reduction on agricultural operating loans. The program helps Ohio farmers and agribusinesses finance upfront costs for feed, seed, fertilizer, fuel, equipment, and other expenses.
- MastercardcoreGenoaBank offers Mastercard debit cards with SecureCode authentication for enhanced online security. Cards support mobile wallet integration with Apple Pay, Google Pay, and Samsung Pay.
Scale indicators3 records
Recent moves8 records
Expansion highlights4 records
GenoaBank competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
GenoaBank social profiles
Digital presenceGenoaBank compliance and trust
Trust signalCompliance3 records
GenoaBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
GenoaBank leadership team
Management profileNumber of profiles
Profiles24 records
GenoaBank subsidiaries and ownership
Company hierarchySubsidiaries2 records
GenoaBank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GenoaBank 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 GenoaBank
What does GenoaBank do?
GenoaBank is a community bank offering personal and business deposit accounts (checking, savings, CDs, IRAs), consumer and commercial lending (auto, mortgage, personal, credit card, commercial real estate, working capital, agricultural loans), digital banking services (online, mobile, mobile deposit, bill pay, eStatements, positive pay, cash management, remote deposit capture), and investment and wealth management services through the GenoaFinancial sub-brand in partnership with LPL Financial. Products are sold directly through 11 branches, online channels, and dedicated commercial and agricultural lending officers.
Is GenoaBank a public or private company?
GenoaBank is a private company. It is classified as family owned and is currently operating.
When was GenoaBank founded?
GenoaBank was founded in 1902. It employs 101 to 250 people.
Where is GenoaBank based?
GenoaBank is headquartered in Genoa, United States, in the North America region.
How does GenoaBank make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are deposit Account Fees, investment Services Commission, safe Deposit Box Rental and card Services.
Does GenoaBank have an API?
No public API is recorded for GenoaBank.
What industry is GenoaBank in?
GenoaBank'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 522110 and its SIC code is 6022.