Mound City Bank

What Mound City Bank does

Mound City Bank is a state-chartered community bank founded on February 18, 1915 in Platteville, Wisconsin, operating as a wholly owned subsidiary of the one-bank holding company Mound City Financial Services, Inc. (formed 1997). With over $500 million in total assets, 80+ employees, and six branches across southwestern Wisconsin (Platteville Main, Platteville Motor, Belmont, Cuba City, Mineral Point, and Mount Horeb, the latter two anchoring a Highway 151 corridor strategy dating to 2007-2008), the bank serves individual consumers, small and mid-size businesses, agricultural producers, and homeowners with a relationship-led model and local decision-making. FDIC-insured with NMLS #440728, it operates with FSA Preferred Lender Program status and partnerships with WHEDA, FHLBank Chicago, Great American Insurance (crop insurance agency), TCM Bank N.A. (VISA Platinum credit cards), and Promontory Interfinancial Network (CDARS/ICS for multi-million-dollar FDIC coverage up to $50M per depositor).

The product set spans five pillars: Personal Banking (checking, savings, money market, CDs, HSA, IRAs), Home Lending (fixed-rate mortgages, HELOC, construction/lot loans, WHEDA first-time buyer programs), Consumer Lending (auto, recreational, unsecured, overdraft protection via "OOPS!"), Business & Agriculture Banking (tiered business checking, ACH, merchant capture, wire transfers, commercial lines, SBA loans, municipal loans, ag operating/revolving lines, real estate, FSA-guaranteed, beginning farmer, WHEDA CROP/FARM, secondary market ag mortgages, crop insurance), and Estate & Trust Services (revocable/irrevocable trusts, charitable trusts, guardianship, scholarship trusts, self-directed IRA custody limited to holding company stock). The technology stack is a traditional community-banking platform augmented by digital channels: web and mobile banking with separate consumer/business apps on iOS and Android, mobile deposit capture, Zelle P2P via Early Warning Services, Apple Pay and Google Pay wallet support, TransUnion-powered Credit Sense credit monitoring using VantageScore 3.0, a 24-hour Mound City Link automated phone banking system, CDARS/ICS network deposits, and TimeValue-embedded financial calculators.

The bank is a conventional spread-based community bank. Net interest income from loans (mortgages, home equity, agricultural, commercial, consumer) net of interest paid on deposits is the primary revenue stream, supplemented by deposit service charges and overdraft fees ($29 per item, capped at 5 items / $145 per day), loan origination and application fees, wire transfer fees ($25 incoming/outgoing domestic, $40 international), safe deposit box rentals, credit card interchange via TCM Bank, and crop insurance commissions from Great American. Distribution is overwhelmingly physical-branch-driven in southwestern Wisconsin plus digital/phone banking for self-service; acquisition relies on local community presence, the Ann & Leo Stoll Jr. Charitable Trust grants, annual scholarships, referral programs, and content marketing, with no external funding rounds disclosed.

Name

Mound City Bank

Legal name

Mound City Bank

Website

https://moundcitybank.com

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

51–100 employees

Short description

Mound City Bank is a Wisconsin state-chartered community bank founded in 1915 in Platteville, operating six branches across southwestern Wisconsin with over $500M in assets, serving consumers, small businesses, and agricultural producers with full-service banking, lending, and trust services.

Ownership category

akta.pro rank

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

• Community banking services
• Agricultural lending products
• Personal deposit accounts
• Commercial lending solutions
• Estate trust administration

Headquarters

HQ city

Platteville

HQ country

United States

HQ region

North America

Offices6 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: Primary revenue from interest earned on loans including mortgages, home equity, agricultural, commercial, and consumer loans. Interest paid on deposits is a cost offset.
2. Deposit Account Fees: Monthly maintenance fees, minimum balance fees, overdraft fees ($29 per transaction), and other account service charges.
3. Loan Fees: Various loan-related fees including application fees, origination fees, and service charges on lending products.
4. Other Banking Services: Fees for wire transfers, safe deposit boxes, night depositories, check printing, money orders, foreign currency exchange, medallion stamps, and other ancillary services.
5. Crop Insurance Commissions: Commission income from acting as agent for Great American Insurance Company for crop insurance products.
6. Credit Card Interchange: Revenue from VISA Platinum credit cards issued through TCM Bank N.A., including interchange fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Mound City Bank is a community bank that provides deposit accounts (checking, savings, money market, CDs, HSAs), consumer and commercial lending (mortgages, home equity, construction, auto, agricultural, commercial), business banking services (ACH, merchant capture, wire transfers), crop insurance, and estate/trust administration. The bank operates six physical branches in southwestern Wisconsin supplemented by free online, mobile, and 24-hour phone banking channels. Its primary customer base consists of individuals, small-to-mid-size businesses, agricultural producers, and homebuyers in the rural Wisconsin market.

Product overview

Mound City Bank is a regional Wisconsin community bank offering a comprehensive, integrated suite of financial products and services organized into five primary pillars: Personal Banking (checking, savings, HSAs, debit cards), Digital Banking (online and mobile banking platforms with Credit Sense credit monitoring and Zelle P2P payments), Home Lending & Consumer Loans (mortgages, home equity, construction/lot loans, auto and recreational loans), Business & Agriculture Banking (business checking/savings, commercial lending, agriculture lending, crop insurance, trust services), and Ancillary Services (safe deposit boxes, wire transfers, overdraft protection, credit cards, CDARS network deposits). The bank operates six physical branches in southwestern Wisconsin (Platteville Main, Platteville Motor, Belmont, Cuba City, Mineral Point, Mount Horeb) alongside its digital platforms, with total assets exceeding $500 million and 80+ employees. The core offering is the combination of traditional relationship banking at physical branches supplemented by free online and mobile banking with embedded tools including credit monitoring, bill payment, and P2P transfers.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Suite of personal checking account options including My Free Checking (no minimum balance, no monthly fee), Fabulous 50 Interest Checking for customers 50+ (free printed checks, competitive interest), Payday Interest Checking, and Platinum Interest Checking (higher interest for $1,500+ balances). All include free debit card, online/mobile banking, eStatements, and a thank-you gift at account opening.
• Personal Savings, Money Market & Certificates of Deposit Savings products including My Savings (0.10% APY), Companion Savings, My Money Market (tiered rates up to 0.30% APY for $20,000+), and Certificates of Deposit with terms from 6 months to 5 years. Minimum opening deposit of $25 for most accounts, $2,500 for CDs.
• Health Savings Account (HSA)

Quantifiable outcome

• FDIC insurance coverage up to $50 million per account through CDARS network
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• Great American Insurance CompanycoreOthersMound City Bank serves as an agent for Great American Insurance Company to provide crop insurance products to agricultural customers, protecting against weather, fire, hail, insect damage, price volatility, wildlife, and wind damage.
• Promontory Interfinancial Network (CDARS/ICS)coreTechnology or IntegrationThrough CDARS (Certificate of Deposit Account Registry Service) and ICS (Insured Cash Sweep), Mound City Bank offers multi-million dollar FDIC insurance coverage by placing deposits with network banks, providing safe deposit options for large balances.
• TCM Bank, N.A.coreOthersMound City Bank offers VISA Platinum credit cards issued through TCM Bank N.A., providing hometown convenience and worldwide acceptance with competitive benefits.
• Realtors Association of South Central WisconsinsupportingGTM or Marketing PartnerPartnership with RASCW to support first-time homebuyers and provide resources for housing financing, including referrals and educational materials for homebuyers.
• Farm Service Agency (FSA)coreOthersMound City Bank has Preferred Lender Program (PLP) status with FSA to offer guaranteed loans including beginning farmer down payment loans, joint financing programs, and support for farmers who don't qualify for conventional financing.
• Wisconsin Housing and Economic Development Authority (WHEDA)coreOthersMound City Bank offers WHEDA loan programs including home mortgages with low down payments, income limits, and job loss protections, as well as WHEDA CROP and FARM programs for agricultural producers.
• FHLBank ChicagosupportingOthersMound City Bank participated in FHLBank Chicago Community First Accelerate Grant program to help community organizations like Momentum Bikes secure funding.
• TransUnioncoreTechnology or IntegrationCredit Sense service integrates with TransUnion to provide real-time credit scores using VantageScore 3.0 model, with daily credit monitoring and alerts.
• Early Warning Services (Zelle)coreTechnology or IntegrationZelle person-to-person payment service integrated into online and mobile banking for fast, safe money transfers between bank accounts.

Scale indicators4 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• Citizens Community Bancorp: Eau Claire-based community bank serving Wisconsin and Minnesota with retail and ag lending. Similar community banking focus, geographic overlap in western Wisconsin, and comparable asset scale.
• Johnson Financial Group: Racine-based Wisconsin private bank and wealth manager offering community banking plus trust and investment services. Closely comparable to Mound City Bank's combination of branch banking, agribusiness lending, and in-house trust services.
• Bank First Corporation: Manitowoc, Wisconsin-based community bank holding company serving consumer, business, and agricultural customers across eastern Wisconsin. Comparable in product mix, branch-led delivery, and Wisconsin community banking DNA.
• Nicolet Bankshares: Green Bay-based Wisconsin community bank holding company with a similar full-service retail, commercial, and wealth management offering across multiple branches. Comparable in scale, geographic focus within Wisconsin, and community banking model.
• Westbury Bank: West Allis-based Wisconsin community bank offering personal, business, and mortgage banking. Comparable community banking model and Wisconsin retail banking footprint, though operating in the Milwaukee metro area.
• First Business Financial Services: Madison, Wisconsin-based bank holding company focused on business banking, commercial lending, and specialty finance. Comparable to Mound City Bank's business banking and commercial lending capability with overlap in southwestern Wisconsin markets.

Broad incumbents

• Associated Banc-Corp: Green Bay-based regional bank holding company with statewide Wisconsin branch network and a full banking, mortgage, and wealth management franchise. Much larger and broader than Mound City Bank but operates in the same state and competes for the same customer wallet.

Regional players

• Town Bank (Wintrust): Wisconsin subsidiary of Wintrust Financial providing community banking to southeastern Wisconsin. Operates with a similar relationship-based community bank model but in a different Wisconsin region with backing from a larger multi-state holding company.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/p/Mound-City-Bank-100028403306623
• LinkedInlinkedin.com/company/mound-city-bank
• Instagraminstagram.com/moundcitybank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 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 Mound City Bank