One American Bank
One American Bank is an FDIC-insured community bank founded in 1883, serving individuals, small businesses, and agricultural customers in southeastern South Dakota via branches in Sioux Falls and Centerville, plus digital banking platforms.
- Company typePrivate
- Founded1883
- HeadquartersSioux Falls, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What One American Bank does
One American Bank is an FDIC-insured community bank founded in 1883 and headquartered in Sioux Falls, South Dakota, with a secondary branch in Centerville. The institution serves individuals, small-to-medium-sized businesses, and agricultural customers across southeastern South Dakota through a combination of physical branches, digital banking channels (web, iOS, and Android apps), phone banking, and MoneyPass ATM network access. Its product portfolio spans personal checking (Simply Checking, Premium+ Checking) and savings (Simply Savings, Savings+) accounts, certificates of deposit, traditional and Roth IRAs, Health Savings Accounts, personal and auto loans, and business banking products including commercial loans, commercial real estate loans, SBA loans, and USDA/Farmer Mac agricultural lending. Card services include Visa debit and credit cards supported by the Card Sentry fraud monitoring program.
The bank operates on a standard community-bank revenue model anchored in net interest income — the spread between loan yields and deposit costs — supplemented by transaction-based revenue streams including account maintenance fees, wire and ACH transfer fees, overdraft charges, interchange income from Visa card usage, and cash management service fees. Its go-to-market is community-led and direct-to-consumer, emphasizing local decision-making, personalized banker relationships, and modern digital tooling. Underlying technology includes a third-party digital banking platform (CSI Web), mobile deposit, multifactor authentication, e-statements, and a Personal Financial Management tool branded My Money Manager. Rate sheets as of April 2026 indicate competitive deposit pricing, with Savings+ offering up to 3.30% APY and Premium+ Checking up to 3.00% APY, positioning the bank to compete with national online deposit products.
The bank is privately held, independent (no disclosed parent company), and operates at a small scale of 11-50 employees across two branches. There is no publicly disclosed financial data, funding activity, acquisitions, or leadership changes. Strategic emphasis is on product modernization within its existing geographic footprint rather than expansion via M&A or geographic growth.
One American Bank firmographics
Firmographics- Name
- One American Bank
- Legal name
- ONE AMERICAN BANK
- Website
- https://oneamericanbank.com
- Company type
- Private
- Founded year
- 1883
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- One American Bank is an FDIC-insured community bank founded in 1883, serving individuals, small businesses, and agricultural customers in southeastern South Dakota via branches in Sioux Falls and Centerville, plus digital banking platforms.
- Ownership category
- akta.pro rank
One American Bank industry classification
Industry- 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 industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
Keywords
Where One American Bank is headquartered
LocationHeadquarters
- HQ city
- Sioux Falls
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
One American 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, Supply Chain, Others
Revenue model
- Net Interest Income: Primary revenue stream from the spread between interest earned on loans (commercial, real estate, agricultural, personal, and auto loans) and interest paid on deposits (checking, savings, CDs, IRAs). The bank offers competitive rates on both sides to generate interest margin.
- Banking Fees and Service Charges: Various fee-based revenues including monthly maintenance fees (waived with minimum balances or direct deposits), per-item transaction fees for business checking, wire transfer fees, and overdraft fees.
- Card Services Revenue: Revenue from credit card and debit card transactions, including interchange fees from Visa credit and debit card usage.
- Cash Management and Business Services: Fees for business cash management services including ACH transactions, wire transfers, and payroll processing services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Simply Savings - Basic savings account with $100 minimum opening |
| Subscription | Monthly | Savings+ - High-yield savings account with $100 minimum opening |
| Subscription | Monthly | Simply Checking - Basic checking account with $100 minimum opening |
| Subscription | Monthly | Premium+ Checking - Interest-bearing checking with premium benefits |
| One time/ perpetual license | Multi-year contract | CD Specials - Certificate of Deposit with promotional rates |
| One time/ perpetual license | Multi-year contract | IRA CDs - Individual Retirement Account Certificates of Deposit |
| Subscription | Monthly | Business Checking - Versatile business checking account |
| Subscription | Monthly | Platinum Savings (Business) - Business savings with higher rates |
| Subscription | Monthly | Regular Savings (Business) - Basic business savings account |
| Subscription | Monthly | Cash Management Services |
| Transaction based/ take rate | Multi-year contract | Business Lending - Commercial, Commercial Real Estate, SBA Loans |
| Transaction based/ take rate | Multi-year contract | Agricultural Lending - Farm and Agri-Business Loans |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
One American Bank product offering
Product offeringCore offering
One American Bank is a community bank offering personal and business banking products including checking, savings, certificates of deposit (CDs), IRAs, personal and auto loans, and business/agricultural lending. The bank operates two branches in South Dakota (Sioux Falls and Centerville) and provides digital banking services including online banking, mobile banking, and cash management tools.
Product overview
One American Bank is a community bank offering a comprehensive suite of personal and business banking products. The personal banking portfolio includes Simply Checking and Premium+ Checking accounts, Simply Savings and Savings+ high-yield savings accounts, Certificate of Deposit (CD) products, Traditional and Roth IRA retirement accounts, Health Savings Accounts (HSA), Personal Loans, and Auto Loans. Business banking encompasses Business Checking, Platinum Savings, Regular Savings, Commercial Loans, Commercial Real Estate Loans, SBA Small Business Loans, and Agricultural Lending. Digital banking services include Online Banking, Mobile Banking with Mobile Deposit, e-Statements, Personal Financial Management (My Money Manager), Cash Management, and Bill Pay. Card services feature Visa Debit Cards and Credit Cards with Card Sentry fraud detection. The bank also provides Financial Calculators covering home financing, personal financing, investment financing, and retirement planning. Founded in 1883, the bank serves customers from locations in Sioux Falls and Centerville, South Dakota.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts
- Personal Savings Accounts Personal savings accounts available in two variants (Simply Savings and Savings+), with tiered APYs up to 3.30% on balances of $50,000+ and free online/mobile banking, e-statements, and Visa ATM cards.
- Certificates of Deposit (CDs) Fixed-rate term deposits ranging from 3 months to 5 years with competitive interest rates and FDIC insurance. Includes standard CDs and CD Specials.
- Traditional IRA Tax-deferred retirement account with tax-deductible contributions and required distributions at age 73. Includes 12-month and 36-month IRA CD options.
- Roth IRA Retirement account offering tax-free withdrawals, with income limits for eligibility and no required minimum distributions.
- Health Savings Account (HSA) Tax-advantaged medical savings account paired with high-deductible health plans, earning interest and featuring tax-free withdrawals for qualified medical expenses.
- Personal Loans Unsecured and secured loan products for various personal needs including debt consolidation, vacations, and home repairs with locally made lending decisions.
- Auto Loans Financing for new or used vehicles with competitive rates, pre-approval options, and refinancing capabilities.
- Business Checking Versatile business checking account with $100 minimum opening deposit, unlimited transactions at low per-item fees, and a monthly earnings credit to offset fees.
- Business Savings Accounts Business savings accounts available in Regular Savings ($25 minimum) and Platinum Savings ($5,000 minimum) variants, with competitive interest rates, free e-statements, and Visa debit cards.
- Commercial Loans Loans for working capital, equipment, debt restructuring, construction, and facility improvements with local decision-making and competitive rates.
- Commercial Real Estate Loans Financing for purchase, refinance, or construction of commercial properties, available for both owner-occupied and investment properties.
- SBA Small Business Loans SBA-backed financing for startups and existing businesses offering lower down payments and extended terms for qualifying businesses.
- Agricultural Lending Loans for farm equipment, livestock, real estate, and operating expenses with USDA Guaranteed and Farmer Mac loan options, supporting farmers in southeastern South Dakota.
- Online Banking Free web-based platform for viewing accounts, transferring funds, paying bills, accessing e-statements, and using Personal Financial Management tools.
- Mobile Banking Smartphone apps providing 24/7 access to check balances, transfer funds, pay bills, locate ATMs, and make mobile deposits, available for iOS and Android.
- Cash Management Business banking service providing direct deposit, ACH transactions, wire transfers, bill pay, and payroll management with 24/7 control over company finances.
- Visa Debit Card Visa debit card accepted worldwide with card management features including temporary enable/disable, transaction alerts, and fraud monitoring through the Card Sentry program.
- Visa Credit Card Visa credit card offering with personal and business options, including a no-annual-fee business credit card variant.
Quantifiable outcome
- Savings+ account offers up to 3.30% APY on $50,000+ balances
- +3 more outcomes
Companies that use One American Bank
Customer profileSegments3 records
Ideal customer profiles3 records
One American Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature6 records
One American Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- MoneyPasscoreMoneyPass is a nationwide network of surcharge-free ATMs. One American Bank customers have access to the MoneyPass ATM network for fee-free cash withdrawals across the United States. The bank provides an ATM locator tool linking to moneypass.com.
- Apple (App Store)coreThe bank's mobile banking app is distributed through the Apple App Store, allowing iOS users to download and install the One American Bank mobile banking application.
- Google (Google Play)coreThe bank's mobile banking app is distributed through Google Play Store, allowing Android users to download and install the One American Bank mobile banking application.
- VisacoreOne American Bank offers Visa-branded debit and credit cards. The partnership enables card acceptance at millions of merchants worldwide and provides fraud protection services through the Card Sentry program.
- IRSminorThe bank provides information about IRA contribution limits from the IRS on its website, linking to irs.gov for retirement plan regulations.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
One American Bank competitors and assessment
Company assessmentDirect peers
- First PREMIER Bank: Headquartered in Sioux Falls, SD, First PREMIER Bank is a fellow community/commercial bank operating in the same local market with overlapping personal and business banking products. Direct competitor for the same Sioux Falls deposit and small business customer base.
- First Bank & Trust: South Dakota-headquartered community bank with a comparable mix of consumer, business, and ag lending products. Directly comparable by size, geography (upper Midwest), and full-service community banking model.
- Bell Bank: Employee-owned community bank based in Fargo, ND with operations across the upper Midwest including ag, commercial, and consumer banking. Comparable community banking model with strong ag lending orientation.
- Alerus Financial: Grand Forks, ND-based community banking and wealth management company with consumer, business, and ag-adjacent lending focus. Highly comparable upper Midwestern community bank competing for similar commercial and retail customers.
- ChoiceOne Financial: Michigan-headquartered community bank holding company with full-service consumer and business banking products. Highly comparable in scale, operating model (community bank with digital services), and product breadth to One American Bank.
Broad incumbents
- MetaBank (Pathward Financial): Sioux Falls, SD-based bank that has scaled into a much larger specialty/fintech-focused institution. Same home market and historical community banking roots, but now a broadly diversified, nationally focused bank holding company.
- Heartland Financial USA (HTLF): Dubuque, IA-based bank holding company operating community banks across multiple states with a strong ag and commercial banking book. Operates with the community banking playbook but at materially larger scale.
- Wells Fargo: National commercial bank with retail branches and full consumer/business product suite that overlaps with One American Bank's offerings. Competes for the same deposit, lending, and small business customers in Sioux Falls and the broader region.
- U.S. Bank: One of the largest U.S. commercial banks with a major presence in Sioux Falls and broader South Dakota. Competes directly with One American Bank for consumer deposits, mortgages, business banking, and ag lending in the regional market.
Regional players
- Great Western Bank: Regional community bank serving agricultural and small business customers across the Midwest and Western U.S. Comparable community banking focus on ag lending, deposit gathering, and small business banking, though operating across a much wider geographic footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
One American Bank social profiles
Digital presenceOne American Bank compliance and trust
Trust signalCompliance1 record
One American Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
One American Bank leadership team
Management profileNumber of profiles
Profiles1 record
One American Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
One American 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 One American Bank
What does One American Bank do?
One American Bank is a community bank offering personal and business banking products including checking, savings, certificates of deposit (CDs), IRAs, personal and auto loans, and business/agricultural lending. The bank operates two branches in South Dakota (Sioux Falls and Centerville) and provides digital banking services including online banking, mobile banking, and cash management tools.
Is One American Bank a public or private company?
One American Bank is a private company. It is classified as unknown and is currently operating.
When was One American Bank founded?
One American Bank was founded in 1883. It employs 11 to 50 people.
Where is One American Bank based?
One American Bank is headquartered in Sioux Falls, United States, in the North America region.
How does One American Bank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are banking Fees and Service Charges, card Services Revenue and cash Management and Business Services.
Who are One American Bank's main competitors?
Direct peers on record are First PREMIER Bank, First Bank & Trust, Bell Bank, Alerus Financial and ChoiceOne Financial. Broad incumbents are MetaBank (Pathward Financial), Heartland Financial USA (HTLF), Wells Fargo and U.S. Bank. Great Western Bank is listed as a regional player.
Does One American Bank have an API?
No public API is recorded for One American Bank.
What industry is One American Bank in?
One American Bank'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 52211 and its SIC code is 6022.