Libertyville Savings Bank

Name

Libertyville Savings Bank

Legal name

Libertyville Savings Bank

Website

https://lsbia.bank

Company type

Private

Founded year

1901

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

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

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking
• Personal banking
• Agricultural lending
• Commercial lending
• Insurance services

Headquarters

HQ city

Fairfield

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Deposit-Taking and Lending: Core banking operations including personal and business checking accounts, savings accounts, CDs, personal loans, auto loans, mortgage loans, home equity lines of credit, and commercial loans. Revenue generated through interest income on loans and fees on deposit accounts.
2. Insurance Products: Stump Family Insurance subsidiary offers farm, crop, commercial, home, and auto insurance products. Revenue from insurance commissions as an independent agency representing Nationwide, Progressive, Great American crop insurance, NEXT Insurance, Berkshire Hathaway, and USLI.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Libertyville Savings Bank is a community bank providing personal and business deposit accounts (checking, savings, CDs), consumer and commercial loans (personal loans, auto loans, mortgages, home equity lines of credit, agricultural and commercial loans), and insurance products through its Stump Family Insurance subsidiary. Services are delivered via six Southeast Iowa branches and Banno-powered online and mobile banking channels.

Product overview

Libertyville Savings Bank offers a unified suite of traditional banking products and services for personal and business customers across southeast Iowa. The core offerings include checking and savings accounts, personal loans (including auto loans and home equity lines), and business/agricultural lending. The bank also provides digital banking services through Online/Mobile Banking with features like Remote Deposit Anywhere, Bill Pay, and Bank-to-Bank transfers. The bank extends its portfolio through Stump Family Insurance (a sub-brand offering farm, crop, commercial, home, and auto insurance). Additionally, the bank provides a suite of financial calculators for customer planning needs. Established in 1901, the bank operates six physical locations in Libertyville, Fairfield, Eldon, Keosauqua, Keota, and Douds, Iowa.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking accounts available to individuals, with a comparison page allowing customers to review features and open accounts online.
• Personal Savings Accounts and CDs Personal savings accounts and certificates of deposit for individuals, with online comparison and online account opening.
• Personal and Auto Loans Personal loans and auto loans for individual borrowers, available with online applications.
• Mortgages and Home Equity Lines of Credit Home mortgage loans and home equity lines of credit for individuals, with online loan applications available.
• Business Accounts Business checking and savings accounts for local businesses and agricultural operators in Southeast Iowa.
• Business and Agricultural Lending Commercial loans and agricultural lending products for business operations and farm financing, available through the Business Loans menu and online applications.
• Stump Family Insurance Independent insurance agency owned by Libertyville Savings Bank offering Farm, Crop, Commercial, Home, and Auto Insurance through carriers including Nationwide, Progressive, Great American crop insurance, NEXT Insurance, Berkshire Hathaway, and USLI.
• Online and Mobile Banking Digital banking platform providing 24/7 account access, balance checks, transfers, loan payments, e-statements, Bank-to-Bank transfers, Rapid Transfers, Pay a Person, Bill Pay, debit card management, and stop payments via Banno online banking and mobile application.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Nationwide InsurancecoreChannel Partner/ Reseller/ DistributorPrimary insurance carrier for Stump Family Insurance. Long-standing relationship dating back to when Robert Stump first began the insurance agency in 1961. Provides farm, crop, commercial, home, and auto insurance products.
• Great American Crop InsurancecoreChannel Partner/ Reseller/ DistributorPrimary crop insurance provider with direct contacts at the company ensuring personal service for clients rather than 1-800 number support. Long-standing relationship since the early days of the agency.
• Progressive InsuranceminorChannel Partner/ Reseller/ DistributorInsurance carrier partner offering auto and other personal insurance products through the independent Stump Family Insurance agency.
• NEXT InsuranceminorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing commercial insurance products through the independent Stump Family Insurance agency.
• Berkshire HathawayminorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing various insurance products through the independent Stump Family Insurance agency.
• USLI - United States Liability Insurance GroupminorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing liability insurance products through the independent Stump Family Insurance agency.
• Stump Family InsurancecoreOthersSubsidiary insurance agency owned and operated by Libertyville Savings Bank. Independent insurance agency offering Farm, Crop, Commercial, Home, and Auto Insurance. Purchased by LSB in Summer 2022 from Stump Insurance Inc. which began operations in 1961.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Bank Iowa: Iowa-headquartered community bank with multiple branches serving personal, business, and agricultural customers across the state. Closely comparable to LSB in community banking model, ag lending focus, and Iowa footprint.
• Two Rivers Bank & Trust: Iowa-based community bank providing personal, business, and agricultural lending with a multi-branch footprint. Comparable to LSB in size, regional Iowa presence, and ag banking orientation.
• Iowa State Bank & Trust: Independent Iowa community bank offering deposit, lending, and ag banking services. Directly comparable to LSB in business model and Southeast Iowa regional footprint.
• Fidelity Bank & Trust (Iowa): Iowa-based community bank delivering personal, commercial, and ag lending products. Comparable in scale, full-service community banking model, and Iowa market focus.
• Midwest Heritage: Iowa-headquartered community bank with personal, business, and agricultural banking services. Similar to LSB in product mix, community bank operating model, and Iowa rural market exposure.
• CBI Bank & Trust: Community bank operating across Iowa and Illinois with personal, ag, and commercial lending. Comparable in size, multi-branch community banking model, and Midwest ag lending exposure.
• Heartland Bank (Iowa): Iowa community bank serving consumer, small business, and agricultural customers. Comparable to LSB in community banking model, ag lending focus, and independent Iowa ownership.

Broad incumbents

• First Interstate Bank (Great Western Bank): Large regional bank with significant Iowa/Midwest branch presence following its Great Western Bank acquisition. Competes with LSB for personal and ag deposits and loans in overlapping geographies but at vastly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/libertyvillesavingsbank
• Xx.com/LSB_1901
• LinkedInlinkedin.com/company/the-libertyville-savings-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Libertyville Savings Bank