Bank of Tescott

What Bank of Tescott does

Bank of Tescott is a family-owned, FDIC-insured community bank founded in 1887, headquartered in Lincoln, Kansas, and operating under the holding company Tescott Bancshares, Inc. Following the June 2025 acquisition of First Bank of Beloit, the bank operates five branches across North Central Kansas (Tescott, Lincoln, Salina, Lindsborg, and Beloit) with combined assets of approximately $610 million. The bank serves individual consumers, small and medium businesses, and agricultural operations with a comprehensive product suite spanning personal and business checking/savings (including Kasasa-branded reward accounts), residential and consumer lending, and a specialized agricultural lending franchise that includes ag real estate, operating, beginning farm, livestock, and equipment loans, often facilitated through FSA Guaranteed Loan and Kansas Development Finance Authority programs.

The bank's revenue model is anchored in net interest income from its loan portfolio, supplemented by deposit-related fees (overdraft, wire, ATM), small recurring subscription fees from business digital banking tiers ($10-$20/month) and Kasasa Protect identity protection ($5-$13/month), interchange income from Visa debit cards, and origination fees on mortgage and commercial loans. Distribution combines a physical branch network with digital channels including iOS/Android mobile apps, online banking with QuickBooks/Quicken integration, Zelle and TransferNow P2P services, and a broad mobile wallet footprint (Apple Pay, Samsung Pay, Google Pay, Garmin Pay, Fitbit Pay). The bank licenses the Kasasa platform from Kasasa, Ltd. for its reward checking products and uses Experian/CSID for identity protection services.

The bank's go-to-market is community-led, emphasizing personal service, local decision-making, agricultural lending expertise, and deep community involvement through sponsorships, financial literacy education, and local business spotlight programs. The institution differentiates on multi-generational customer relationships, specialized ag lending knowledge, and rural market presence where larger competitors are underrepresented. The bank employs 11-50 staff and maintains regulatory compliance with FDIC deposit insurance and WCAG 2.2 Level AA accessibility certification. No venture capital, private equity, or public shareholders are involved; ownership remains entirely within the founding family and holding company structure.

Name

Bank of Tescott

Legal name

The Bank of Tescott

Website

https://bankoftescott.com

Company type

Private

Founded year

1887

Operating status

Operating

Headcount range

11–50 employees

Short description

Bank of Tescott is a family-owned community bank founded in 1887, operating five branches across North Central Kansas with ~$610M in assets. It serves individuals, small businesses, and agricultural operations with deposit products, consumer/agricultural lending, and digital banking services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Digital Retail Banking (Online & Mobile) (FSABAAAF), Credit Cards & Revolving Credit (FSABAAAC), Risk, Fraud & Transaction Monitoring (Behavioral, Velocity, Controls) (FSAGAAAK)

Keywords

• Community banking services
• Agricultural lending products
• Personal checking accounts
• Business banking services
• Retail deposit products

Headquarters

HQ city

Lincoln

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue source from interest charged on agricultural loans, real estate loans, personal loans, business loans, and credit facilities. Includes specialized ag lending products for farmers and ranchers.
2. Deposit Account Fees: Fees from account services including overdraft fees, wire transfers, ATM usage, and account research. Additional services like safe deposit boxes, cashier's checks, and money orders.
3. Business Digital Banking Subscriptions: Monthly subscription fees for Business Online Plus ($10/month) and Business Online Cash Management ($20/month) with ACH origination capabilities.
4. Identity Protection Services: Kasasa Protect monthly subscription service: $8/month for Kasasa account holders, $13/month for others, $5/month for secondary accountholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

The Bank of Tescott is a community bank providing personal and business banking products across five North Central Kansas branches. Core offerings include personal checking and savings accounts (including Kasasa-branded reward products), personal loans (mortgages, HELOCs, auto, personal), business checking and savings, and commercial/business lending with a specialized focus on agricultural lending (Ag Real Estate, Ag Operating, Beginning Farm, Livestock, and Equipment Loans). Digital channels include online banking, iOS/Android mobile apps, Zelle, mobile wallets, and Kasasa Protect identity protection.

Product overview

Bank of Tescott is a community bank offering a comprehensive suite of personal and business banking products. The core offerings include personal checking and savings accounts (with Kasasa-branded reward products like Kasasa Cash, Kasasa Cash Back, and Kasasa Saver providing competitive APY and cash back rewards), personal loans (mortgages, HELOCs, auto, and general personal loans), and business banking services (checking, savings, and commercial lending). The bank's specialty lies in agricultural lending, offering dedicated products for farmers including Ag Real Estate Loans, Ag Operating Loans, Beginning Farm Loans, Livestock Loans, and Equipment Loans. Digital banking services include online and mobile banking with mobile check deposits, Zelle P2P payments, and mobile wallet integrations (Apple Pay, Samsung Pay, Google Pay, Garmin Pay, Fitbit Pay). Additional services include Kasasa Protect identity protection, surcharge-free ATMs via Pulse network, and fraud prevention education resources.

Differentiator

Problem solved

Functional benefit

Brands

• Kasasa: A rewards checking account program offering cash back and interest earnings on personal checking accounts, including Kasasa Cash, Kasasa Cash Back, and Kasasa Saver products.

Products and services

• Free Kasasa Cash Checking Reward checking account offering up to 4.00% APY on balances up to $50,000 when monthly qualifications are met, with 0.05% APY if not met; 0.50% rate on balances above $50,000. Requires 25 debit card purchases per month.
• Free Kasasa Cash Back Checking Reward checking account paying 5.00% cash back on debit card purchases, up to $10/month ($120/year), on up to $200 in monthly purchases. Requires direct deposit or ACH payment and 12 debit card purchases per month.
• Free Checking No-monthly-fee personal checking account for individual consumers seeking a basic deposit product.
• Club 50 Checking Personal checking account tailored for customers age 50 and older with benefits designed for the senior segment.
• Free Kasasa Saver High-yield savings account at 2.00% APY on all balances; qualifies automatically when paired Kasasa Cash or Kasasa Cash Back qualifications are met.
• Traditions High-Yield Savings Account Personal high-yield savings account for consumers seeking competitive yield on deposits without Kasasa qualification requirements.
• Statement Savings Standard personal statement savings account for everyday household saving.
• Money Market Accounts Personal money market deposit account offering tiered interest rates for higher balances.
• Certificates of Deposit (CDs) Fixed-term personal certificates of deposit with predetermined maturities for savers seeking predictable yield.
• Individual Retirement Accounts (IRAs) Personal Individual Retirement Account (IRA) deposit products supporting long-term retirement savings.
• Home Mortgage Loans Mortgage financing for home purchases with competitive rates and down-payment assistance programs including HSP (up to $15,000) and HOPE (up to $12,500) for first-time homebuyers.
• Home Equity Lines of Credit (HELOC) Revolving home equity line of credit secured by the equity in the borrower's residence.
• Auto Loans Personal auto loans for new and used vehicle purchases with customized terms.
• Personal Loans General-purpose unsecured personal installment loans for individual borrowers.
• Personal Credit Cards Personal credit card products for consumer banking customers.
• Essential Business Checking Entry-tier business checking account designed for small businesses with basic transaction needs.
• Elite Business Checking Premium-tier business checking account with expanded features and higher transaction thresholds.
• Community Checking Checking account tailored for nonprofit and community organizations in the bank's service area.
• Traditions High-Yield Business Savings Account High-yield business savings account earning up to 3.16% APY for business depositors.
• Executive Money Market Account Tiered business money market account for organizations seeking higher yield on operating cash balances.
• Business Certificates of Deposit (CDs) Fixed-term business certificates of deposit for organizations seeking predictable yield on idle cash.
• Agriculture Loans Specialized agricultural lending suite for North Central Kansas farmers and ranchers including Ag Real Estate, Ag Operating, Beginning Farm, Livestock, and Equipment Loans, with FSA-guaranteed and Kansas Development Finance Authority-backed financing programs.
• Business Term Loans Fixed-term business loans for capital expenditures, expansion, and other business purposes.
• Business Lines of Credit Revolving business lines of credit providing flexible working capital for operating expenses and short-term cash needs.
• Commercial Real Estate Loans Commercial real estate financing for owner-occupied and investment properties supporting local business expansion.
• Business Credit Cards Business credit card products with spending controls and reporting features for organizational purchasing.
• Business Digital Banking Online banking services for business customers via two subscription tiers—Business Online Plus ($10/month with Positive Pay) and Business Online Cash Management ($20/month with ACH Origination; same-day ACH available for additional fee).
• Online & Mobile Banking Platform Upgraded online and mobile banking platform providing account access, transfers, bill pay, mobile deposit, QuickBooks/Quicken integration, and one-time passcode verification across web, iOS, and Android.
• Kasasa Protect Subscription identity protection service offering 24/7 credit monitoring, dark web monitoring, lost wallet protection, and identity restoration (powered by Experian/CSID), priced at $8/month for Kasasa account holders, $13/month for others, and $5/month for Club 50 members.

Quantifiable outcome

• Earn up to 4.00% APY on Kasasa Cash accounts with qualifying balances up to $50,000
• +3 more outcomes

Named customers8 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Accident and Death Insurance CompanyminorGTM or Marketing PartnerJoint marketing partner for insurance products. Listed in the privacy policy as part of the bank's joint marketing arrangements for offering financial products or services to customers.
• Farm Service Agency (FSA)coreStrategic or Co-development PartnerParticipates in FSA Guaranteed Loan Program for agricultural customers. Provides government-backed financing options for farmers including guaranteed farm loans.
• Kansas Development Finance Authority (KDFA)coreStrategic or Co-development PartnerPartners with Kansas Development Finance Authority to offer specialized financing programs for agricultural customers when beneficial.
• Kasasa, Ltd.coreOEM/ Whitelabel/ Licensing PartnerLicenses Kasasa brand and platform for reward checking accounts (Kasasa Cash, Kasasa Cash Back, Kasasa Saver) and Kasasa Protect identity protection services. Provides marketing support and platform infrastructure.
• Experian/CSIDcoreTechnology or IntegrationProvides identity protection and credit monitoring services through Kasasa Protect, including 24/7 credit monitoring, dark web monitoring, and identity restoration services.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Intrust Bank: Wichita, Kansas-based community bank offering similar personal/business banking, ag lending, and digital services. Comparable scale and regional focus, serving overlapping Kansas markets.
• Equity Bank: Andover, Kansas-headquartered regional community bank offering comparable product mix, ag lending expertise, and multi-state regional presence through organic growth and acquisitions.
• Sunflower Bank, N.A. Salina, Kansas-based community bank with similar regional Kansas focus, agricultural lending, consumer/business banking, and digital offerings. Directly overlaps Bank of Tescott's North Central Kansas footprint and product mix.
• Cornerstone Bank: York, Nebraska-based community bank with similar agricultural lending focus and small business banking offerings serving comparable rural Midwestern markets.
• Emprise Bank: Wichita-headquartered Kansas community bank providing similar personal/business banking products, ag lending, and digital banking services with overlapping Kansas market presence.
• Central National Bank: Junction City, Kansas-based community bank serving similar personal, business, and agricultural banking customers in central Kansas region with comparable product offerings.

Emerging players

• Chime: Digital-first neobank competing for the same retail deposit and consumer banking customers with no-fee checking and early direct deposit features. Targets the same mass-market consumer segment Bank of Tescott serves.

Broad incumbents

• UMB Bank: Large Kansas City-based regional bank offering broader commercial banking, ag lending, and consumer banking services. Larger incumbent with overlapping Kansas footprint and broader product portfolio.
• Commerce Bank: Large Kansas City-based regional bank with full-service commercial, consumer, and agricultural banking operations. Incumbent competitor with broader scale and product breadth across Kansas markets.

Others

• Frontier Farm Credit: Farm Credit System lender providing agricultural loans and leasing across Kansas and the Midwest. Competes for the same ag lending customers but operates under a different charter/cooperative structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BankofTescott/?ref=aymt_homepage_panel
• LinkedInlinkedin.com/company/bank-of-tescott

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

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 Bank of Tescott