The Napoleon State Bank

What The Napoleon State Bank does

The Napoleon State Bank is a state-chartered, FDIC-insured community bank founded in 1903 and headquartered in Napoleon, Indiana. It operates seven branch locations across rural southeastern Indiana (Napoleon, Holton, Osgood, two in Greensburg, Westport, Milan), serving Ripley and Decatur counties. The bank's service portfolio spans retail and business banking: checking, savings, money market, CDs, IRAs, HSAs, credit cards, personal loans, mortgages, home equity, auto loans, commercial loans, and agricultural loans, supplemented by cash management for businesses. Revenue is generated primarily through interest income on the loan book (a community bank commercial loan mix spanning personal, commercial real estate, and agricultural credit), deposit spread economics, transaction fees, and credit card interchange.

The bank's technology stack runs on Fiserv's digital banking platform, exposing features via the NSBmobile app (iOS and Android) and the bank-branded Online Banking portal. Customers access mobile deposit, CardValet-based card controls with GPS-based transaction limits, Tap-to-Pay contactless payments, SecureAlerts real-time notifications, eStatements, digital wallet support (Apple Pay, Google Pay), and QuickBooks/Quicken reconciliation ($5/month per login). The bank joined the MoneyPass ATM network in 2020, providing customers access to over 32,000 surcharge-free ATMs nationally. No proprietary AI, developer API, or data flywheel is evident; technology is purchased rather than built.

The bank executes a sales-led community banking go-to-market, anchored by relationship-based lending (each branch carries a dedicated Lender), event-driven community engagement (annual Customer Appreciation Day, fair and festival sponsorships, active Facebook/Instagram presence), and a multi-channel distribution model (physical branches plus drive-thru, online, and mobile). Customers are predominantly individual consumers in rural communities, with a secondary segment of small businesses and agricultural operations; the only publicly named customers are Billman Trucking, Inc. and C&P Tavern. As of December 2020 the bank had approximately 85 full and part-time employees and assets of approximately $267M. The bank is privately held, continuously locally owned since 1903 with no disclosed private equity, parent company, or institutional backing.

Name

The Napoleon State Bank

Legal name

The Napoleon State Bank

Website

https://napoleonstatebank.com

Company type

Private

Founded year

1903

Operating status

Operating

Headcount range

101–250 employees

Short description

The Napoleon State Bank is a privately held community bank founded in 1903 that operates seven branches in southeastern Indiana, offering retail and business banking, consumer and agricultural lending, and digital banking services to individuals, families, small businesses, and farms in Ripley and Decatur counties.

Ownership category

akta.pro rank

Headquarters

HQ city

Napoleon

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Revenue generated from interest on loans including personal loans, mortgages, home equity, auto loans, commercial loans, and agricultural loans. This is the primary revenue stream for the bank.
2. Banking Service Fees: Fees from processing transactions, maintaining accounts, and other everyday banking services. Includes checking account fees, ATM fees (waived with MoneyPass), and payment processing fees.
3. Deposit Services: Revenue from savings accounts, Certificates of Deposit, IRA accounts, and Health Savings Accounts through interest rate spreads.
4. Credit Card Services: Interchange fees from credit card transactions and associated card services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

The Napoleon State Bank is a community bank that accepts deposits and originates loans for individuals, businesses, and farms across Southeastern Indiana. It delivers personal and business deposit products, consumer and commercial/agricultural lending, and digital banking through its NSBmobile app and online banking platform, supported by seven branch locations and the MoneyPass ATM network.

Product overview

The Napoleon State Bank is a community bank offering a comprehensive suite of retail and business banking products. The core banking services include checking and savings accounts, certificates of deposit, IRAs, and health savings accounts. Digital banking is delivered through the NSBmobile App and Online Banking platform, complemented by QuickBooks™ integration, eStatements, and Secure Alerts. The lending portfolio spans personal loans, mortgages, home equity, auto loans, credit cards, commercial loans, and agricultural loans. Business customers access Cash Management services while all customers benefit from the MoneyPass ATM network, CardValet card controls, and Tap-to-Pay functionality. The bank operates seven branch locations in southeastern Indiana and has grown from $15 million to $267 million in assets since its founding in 1903.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Everyday personal checking account products for individuals and families for routine banking transactions.
• Personal Savings and Money Market Accounts Personal savings and money market accounts for individuals seeking to grow deposits.
• Certificates of Deposit and IRAs Term Certificates of Deposit and Individual Retirement Accounts for savings growth and retirement planning.
• Health Savings Accounts

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• MoneyPasscoreTechnology or Integration · 2 January 2020Partnership with MoneyPass provides NSB customers access to 32,000+ surcharge-free ATMs nationally and locally including Batesville, Dillsboro, Sunman, Lawrenceburg, and Shelbyville locations.
• FiservcoreTechnology or IntegrationTechnology provider for online banking platform, mobile app, and CardValet services. CardValet app enables customers to control cards through the Fiserv-powered NSBmobile app.

Scale indicators4 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• MutualBank: Indiana-based community bank offering similar retail and business banking products including checking, savings, mortgages, and commercial lending. Comparable asset size and community-focused operating model make it a direct peer in the Indiana community banking segment.
• Springs Valley Bank & Trust Company: Indiana community bank serving southern Indiana with full-service retail and commercial banking. Similar rural community focus, comparable asset size, and overlapping market profile make it a direct peer for NSB.
• Scott State Bank: Community bank operating in rural Illinois/Indiana border markets with similar asset size, branch network structure, and community banking focus. Direct peer in the small rural community bank segment.
• State Bank of Lizton: Indiana community bank of comparable size offering retail and business banking services. Similar community bank profile with local ownership and relationship-based service model.
• Peoples State Bank (Indiana): Indiana-based community bank providing retail and commercial banking services in small-town and rural markets. Comparable scale and operating model to NSB's community banking focus.
• Salin Bank & Trust Company: Indiana community bank providing retail and commercial banking services with similar relationship-driven model. Comparable community bank profile serving Indiana markets with focus on local decision-making.
• Jackson County Bank: Indiana community bank of similar size serving southern Indiana with comparable retail and commercial banking offerings. Direct comparable in the small Indiana community banking segment.

Broad incumbents

• First Financial Bank (Indiana): Large Indiana-headquartered regional bank (acquired MainSource Financial) with significant presence in southeastern Indiana. Overlaps directly in NSB's footprint but operates at much larger scale with broader product suite.
• German American Bank: Indiana-based regional bank with branches across southern Indiana including markets served by NSB. Larger asset base and broader geographic reach make it a broad incumbent competing in overlapping markets.
• First Merchants Bank: Large Indiana-based regional bank with significant Indiana branch presence including markets adjacent to NSB's footprint. Operates at significantly larger scale but competes for similar retail and small business customers in overlapping markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/napoleonstatebank
• Instagraminstagram.com/thenapoleonstatebank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 The Napoleon State Bank