The Bennington State Bank
The Bennington State Bank is a privately held, 135+ year community bank headquartered in Salina, Kansas, serving individuals, businesses, and agricultural clients across central Kansas with deposit, lending, treasury management, and wealth services across 11 branches.
- Company typePrivate
- Founded1887
- HeadquartersSalina, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What The Bennington State Bank does
The Bennington State Bank is a privately held, state-chartered community bank headquartered in Salina, Kansas, founded in 1887 and wholly owned by Berco, Inc., a holding company controlled by the Berkley family. As of June 30, 2023, the bank reported $987 million in total assets, $840 million in total deposits, and $676 million in total loans (commercial 36.6%, home mortgage 32.9%, agricultural 20.8%). It operates 11 full-service branches across central Kansas communities, supplemented by digital channels including online banking and the BSB Mobile App for iOS and Android, and provides access to over 55,000 surcharge-free ATMs through the Allpoint network.
The bank's product suite spans three core segments: personal banking (Bronze, Silver, and Gold checking tiers; savings, money market, CDs, IRAs, HSAs, debit and credit cards, and consumer/mortgage/auto/home-equity loans), business banking (small business and regular business checking, business savings, commercial/agricultural/small-business loans, and a treasury management suite including ACH origination, Positive Pay fraud protection, remote deposit capture, lockbox, and merchant services), and trust and wealth management (investment management, trust fiduciary, financial planning, retirement and estate planning, and farm management on over $500M in assets under management). Revenue is generated primarily through net interest income on the loan portfolio, supplemented by deposit fees, treasury management service charges, and wealth management fees.
The bank's go-to-market is relationship-driven and community-led, emphasizing local decision-making, multi-generational customer relationships, and active participation in community sponsorships and events. Growth has been pursued through de novo branch expansion (Abilene full-service conversion in 2021, Wichita opening in 2022) and a consolidation strategy with two completed acquisitions (Alliance Bank in November 2024 and Flint Hills Bank in May 2025). The bank holds a Satisfactory CRA rating (August 2023), a 5-Star Bauer Financial rating (2023), and the Kansas Bankers Association Century of Family Banking Award (2024).
The Bennington State Bank firmographics
Firmographics- Name
- The Bennington State Bank
- Legal name
- The Bennington State Bank
- Website
- https://bsbks.com
- Company type
- Private
- Founded year
- 1887
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- The Bennington State Bank is a privately held, 135+ year community bank headquartered in Salina, Kansas, serving individuals, businesses, and agricultural clients across central Kansas with deposit, lending, treasury management, and wealth services across 11 branches.
- Ownership category
- akta.pro rank
The Bennington State Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
Keywords
Where The Bennington State Bank is headquartered
LocationHeadquarters
- HQ city
- Salina
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
The Bennington State Bank 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
- Net Interest Income: Interest income from loan portfolio (commercial 36.6%, home mortgage 32.9%, agricultural 20.8%) minus interest paid on deposits. Primary revenue driver for the bank.
- Deposit Account Fees and Charges: Monthly maintenance fees, minimum balance fees, transaction fees, and paper statement fees across personal and business checking, savings, and money market accounts.
- Trust and Wealth Management Services: Investment management, estate planning, retirement planning, trust administration services. Trust department manages over $500 million in assets.
- Commercial and Agricultural Lending: Commercial loans, small business loans, agriculture loans, SBA PPP loans, and various loan programs including FSA, SBA, FHLB affordable housing programs.
- Treasury Management Services: ACH origination, wire transfers, lockbox services, merchant services, remote deposit capture, sweep accounts, and repurchase agreements for business customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Bronze Checking - Basic personal checking with no monthly fees |
| Subscription | Monthly | Silver Checking - Enhanced personal checking with protection benefits |
| Subscription | Monthly | Gold Checking - Interest-bearing checking for higher-balance customers |
| Subscription | Monthly | Money Market Account - Tiered interest savings |
| Subscription | Monthly | Small Business Checking - For low to moderate transaction businesses |
| Subscription | Monthly | Regular Business Checking - For businesses with higher transaction volume |
| Subscription | Annual | Business Savings Account |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
The Bennington State Bank product offering
Product offeringCore offering
The Bennington State Bank is a community bank providing personal checking and savings accounts, mortgages and consumer loans, business checking and lending, agricultural loans, treasury management services, and trust and wealth management. It distributes these products through 11 branches across central Kansas plus online and mobile banking channels, serving individuals, small businesses, farms, and wealth management clients with a relationship-based community banking model.
Product overview
The Bennington State Bank offers a comprehensive suite of banking products organized around three core segments: Personal Banking, Business Banking, and Wealth Management. Personal banking centers on checking accounts (Bronze, Silver, and Gold tiers with varying features), savings and money market accounts, CDs/IRAs, credit cards, and debit cards. Business banking provides specialized checking, savings, commercial/agricultural/small business lending, and treasury management services including ACH origination, wire transfers, Positive Pay fraud protection, remote deposit capture, lockbox, and merchant services. Wealth Management offers trust fiduciary, investment management, financial planning, retirement planning, and estate planning services. The bank also provides digital banking through its online platform and mobile app for iPhone and Android, with features like mobile deposit. Additional products include specialized savings programs like Round It Up and Tandem Savings, the BaZing local merchant deals program, and a Homeownership Grant Program offering up to $15,000 for first-time homebuyers.
Differentiator
Problem solved
Functional benefit
Products and services
- Bronze Checking Basic personal checking account with no monthly service fee or minimum balance requirement, including BSB Visa Debit Card, online and mobile banking, paper statement, and access to BaZing local merchant deals. Targeted at personal banking customers.
- Silver Checking Personal checking account with a $6 monthly service fee, including BSB Visa Debit Card, BaZing Savings, cell phone protection, identity theft protection, roadside assistance, $10,000 travel accidental death coverage, and pharmacy/vision/hearing savings.
- Gold Checking Interest-bearing personal checking account requiring a $500 minimum monthly balance to avoid an $8 monthly service charge. Includes BSB Visa Debit Card and earns a disclosed annual percentage yield with no transaction limits.
- Money Market Account Personal savings account with a $2,500 minimum opening balance and a $10 monthly service charge if balance falls below $2,500. Earns interest based on a two-tier structure (up to $24,999.99 and $25,000 and above).
- Savings Account Interest-bearing personal savings account with a $50 minimum opening balance, a $100 balance required to earn the disclosed APY, and quarterly or monthly statements.
- Christmas Club Savings Specialized personal savings account with a maximum balance of $249,999.99, requiring a minimum $25 monthly automatic deposit, with annual disbursement in November for holiday savings.
- Certificates of Deposit (CDs) Time deposit accounts for fixed-term savings with competitive interest rates for personal banking customers.
- Individual Retirement Accounts (IRAs) Retirement savings accounts including Traditional IRA and Roth IRA options for personal banking customers.
- Health Savings Accounts Tax-advantaged health savings accounts available in both checking and money market options for personal banking customers.
- Small Business Checking Business checking account designed for businesses with low to moderate transaction activity. Includes 100 free paper items per month, free eStatements, and a $5 monthly paper statement fee.
- Regular Business Checking Business checking account with a $10 monthly maintenance fee, per-item fees for paper debits ($0.10) and paper deposits ($0.05), and a 0.25% earnings credit on the investable balance.
- Business Savings Account Business savings account with no monthly maintenance fee for a $50 minimum balance, a $6 semi-annual maintenance fee if balance falls below $50, unlimited deposits and withdrawals, and a competitive discretionary interest rate.
- Commercial Loans Business lending products for commercial borrowers, including accounts receivable financing, floor plan, inventory, machinery and equipment, and operating loans. Commercial loans represent 36.6% of the bank's $676 million loan portfolio.
- Small Business Loans Loans designed for small business financing needs, including SBA PPP loans (694 loans totaling $21.3 million originated during the COVID-19 evaluation period).
- Agriculture Loans Agricultural lending products including crop loans and livestock loans for farmers and ranchers, including FSA-partnered programs. Agriculture loans make up 20.8% of the bank's $676 million loan portfolio.
- Consumer Loans
- Mortgages
- Home Equity Line of Credit
- Auto Loans
- BSB Mobile Banking App
- Online Banking
- Mobile Deposit
- BSB Visa Debit Card
- Business Debit Card
- Credit Cards
- Treasury Management
- Trust & Wealth Management
- Farm Management
- Homeownership Grant Program
Quantifiable outcome
- 18.9% deposit market share - ranked #1 in Salina Assessment Area with 26 institutions
- +5 more outcomes
Companies that use The Bennington State Bank
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles4 records
The Bennington State Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature3 records
The Bennington State Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- First Bank KansascoreJoint financing partnership for Salina Destination Housing Project (Magnolia Village). Groundbreaking May 27, 2024. Partnership demonstrates commitment to community development and strategic investments in the communities served.
- Allpoint NetworkcoreThird-party ATM network providing BSB customers access to over 55,000 surcharge-free ATMs worldwide, enhancing customer convenience and banking accessibility.
- Federal Home Loan BankcoreParticipates in FHLB Affordable Housing Program and First Time Home Buyer Program. Has helped over 80 qualifying borrowers obtain grants through this program during evaluation period.
- Small Business AdministrationcoreParticipated in SBA Paycheck Protection Program (PPP) originating 694 loans totaling $21.3 million during COVID-19 pandemic to provide relief to small businesses.
- Farm Service Agency (FSA)minorAgricultural loan program partner offering FSA loans as part of comprehensive agricultural lending portfolio for farmers and ranchers.
Scale indicators11 records
Recent moves10 records
Expansion highlights5 records
The Bennington State Bank competitors and assessment
Company assessmentDirect peers
- First Bank Kansas: Similar-sized Kansas community bank that has partnered with BSB on the Magnolia Village housing project in Salina; operates in the same central Kansas geography with comparable personal, business, and agricultural lending products.
- Plains State Bank: Kansas community bank operating a similar model of agricultural, commercial, and consumer banking; Chris Yohe, BSB's Salina Market President, previously served as Central Kansas Market President at Plains State Bank's BANK VI division, evidencing direct operational comparability.
- Bank of Tescott: Small Kansas community bank with deep historical ties to BSB through the Berkley family, which has leadership involvement across both institutions; comparable size, agricultural lending focus, and central Kansas footprint.
- Community National Bank & Trust: Mid-sized Kansas community bank offering a similar full suite of personal, business, and agricultural banking products in rural Kansas markets with comparable customer-relationship focus.
- Central National Bank: Kansas community bank with similar agricultural and commercial lending focus, comparable asset size, and overlap in central Kansas markets; operates a parallel community-banking model with comparable product offerings.
Broad incumbents
- INTRUST Bank, N.A. Large Kansas-based community/regional bank headquartered in Wichita with a similar full-service personal, business, and wealth management offering, but materially larger asset base and broader geographic footprint across Kansas, Oklahoma, and Missouri.
- Sunflower Bank, N.A. Kansas-headquartered community bank with comparable commercial, agricultural, and consumer banking services; broader branch footprint across multiple states and larger asset base than BSB but similar relationship-banking orientation.
- Equity Bank: Kansas-based community bank with similar full-service personal, business, and agricultural lending focus; significantly larger asset base following an active acquisition strategy that mirrors BSB's roll-up approach in Kansas and adjacent states.
- UMB Bank, N.A. Kansas City-headquartered commercial and retail bank with comparable commercial banking, treasury management, and wealth management offerings, but operating as a much larger multi-state regional bank rather than a focused community bank.
Others
- UMB Financial Corporation: Parent of UMB Bank and a meaningful Kansas/Missouri regional bank holding company whose Treasury Management and Wealth Management offerings provide benchmarks for BSB's own non-lending service lines.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Bennington State Bank social profiles
Digital presenceThe Bennington State Bank compliance and trust
Trust signalCompliance4 records
The Bennington State Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Bennington State Bank leadership team
Management profileNumber of profiles
Profiles16 records
The Bennington State Bank subsidiaries and ownership
Company hierarchySubsidiaries2 records
The Bennington State Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Bennington State 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 The Bennington State Bank
What does The Bennington State Bank do?
The Bennington State Bank is a community bank providing personal checking and savings accounts, mortgages and consumer loans, business checking and lending, agricultural loans, treasury management services, and trust and wealth management. It distributes these products through 11 branches across central Kansas plus online and mobile banking channels, serving individuals, small businesses, farms, and wealth management clients with a relationship-based community banking model.
Is The Bennington State Bank a public or private company?
The Bennington State Bank is a private company. It is classified as family owned and is currently operating.
When was The Bennington State Bank founded?
The Bennington State Bank was founded in 1887. It employs 101 to 250 people.
Where is The Bennington State Bank based?
The Bennington State Bank is headquartered in Salina, United States, in the North America region.
How does The Bennington State Bank make money?
Five revenue lines are on record. Net Interest Income is the primary driver. The others are deposit Account Fees and Charges, trust and Wealth Management Services, commercial and Agricultural Lending and treasury Management Services.
Who are The Bennington State Bank's main competitors?
Direct peers on record are First Bank Kansas, Plains State Bank, Bank of Tescott, Community National Bank & Trust and Central National Bank. Broad incumbents are INTRUST Bank, N.A., Sunflower Bank, N.A., Equity Bank and UMB Bank, N.A.. UMB Financial Corporation is listed as an others.
Does The Bennington State Bank have an API?
No public API is recorded for The Bennington State Bank.
What industry is The Bennington State Bank in?
The Bennington State Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks). Its NAICS code is 5221 and its SIC code is 6022.