State Bank of Chilton

What State Bank of Chilton does

State Bank of Chilton is a privately held, sixth-generation, family-owned community bank founded on April 19, 1891 in Chilton, Wisconsin, by William Connell with initial capital of $27,000. The bank operates five branches across Wisconsin — Chilton (headquarters, 26 East Main Street), Stockbridge, Brookfield, Brillion, and Sherwood — and serves retail consumers, small-to-mid-sized businesses, nonprofits, and agricultural customers in Calumet County and the broader southeastern Wisconsin region. Headcount is reported in the 11-50 band.

The bank offers a full suite of traditional banking products: personal and business checking (including an Interest Rewards Checking account paying up to 4.50% APY on balances up to $15,000), savings, money market, CDs, IRAs, and HSAs; lending products spanning fixed-rate and adjustable-rate mortgages, HELOCs, construction loans, auto/RV loans, personal unsecured loans, agricultural loans, commercial real estate loans, and SBA loans; and Visa debit cards plus consumer/business credit cards issued through Elan Financial Services. The technology stack includes an in-house eBranch online banking platform, a mobile banking app with mobile deposit capture ($5,000 daily limit), Notifi real-time alerts, e-statements, bill pay, and PhoneLink 24-hour telephone banking, with surcharge-free ATM access through the 32,000+ ATM MoneyPass network and PULSE Select network.

State Bank of Chilton generates revenue primarily through net interest income on its loan portfolio (mortgage, consumer, commercial, agricultural), supplemented by deposit account fees (maintenance, per-check, wire, overdraft), interchange, merchant processing referrals to Heartland Payment Systems, and trust and investment services delivered through the Sun Step Financial sub-brand (in partnership with J.W. Cole Financial and J.W. Cole Advisors). Distribution is relationship-led across physical branches, supported by digital channels, and reinforced by community engagement (750 volunteer hours annually with 25+ local organizations, financial education in schools). Key partnerships include Heartland Payment Systems (merchant processing), Elan Financial Services (credit card issuance), J.W. Cole Financial / J.W. Cole Advisors (securities and advisory), Sun Step Financial (investment management), MoneyPass and PULSE (ATM networks), and Apple Pay / Samsung Pay (mobile wallet compatibility). The bank reports a 96% Employee Net Promoter Score and is FDIC-insured and an Equal Housing Lender.

Name

State Bank of Chilton

Legal name

State Bank of Chilton

Website

https://statebankofchilton.com

Company type

Private

Founded year

1891

Operating status

Operating

Headcount range

11–50 employees

Short description

State Bank of Chilton is a sixth-generation, family-owned community bank founded in 1891 in Chilton, Wisconsin, operating five branches that offer personal, business, and agricultural banking, mortgage and consumer loans, trust services, and digital banking to consumers, SMBs, and farmers across Wisconsin.

Ownership category

akta.pro rank

Headquarters

HQ city

Chilton

HQ country

United States

HQ region

North America

Offices5 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 from Loans: Primary revenue stream from mortgage loans (fixed-rate and ARM), personal loans, auto/RV loans, business loans, agricultural loans, HELOCs, and credit cards. Competitive rates offered with various terms.
2. Deposit Account Fees: Monthly maintenance fees on certain accounts, per-check fees, deposited check fees, wire transfer fees, and overdraft fees
3. Credit Card Processing: Merchant services for businesses through Heartland Payment Systems partnership, processing credit and debit card transactions
4. Health Savings Account Fees: HSA accounts with competitive interest rates and tax-advantaged savings for medical expenses
5. Trust and Investment Services: Trust services including living trusts, estates, custodianships, and 401k profit sharing plans. Investment management through Sun Step Financial partnership.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

State Bank of Chilton is a sixth-generation, family-owned community bank offering full-service personal and business banking, including checking, savings, CDs, IRAs, mortgages, home equity, construction, auto/RV, personal, commercial, agricultural, and SBA loans, plus Visa debit/credit cards, merchant processing, trust services, and investment management. Operations are delivered through five Wisconsin branch locations and the eBranch digital banking platform (online banking, mobile app, bill pay, e-statements, mobile deposit).

Product overview

State Bank of Chilton is a community bank offering a comprehensive suite of traditional banking products and digital banking services. The core product portfolio centers on personal and business checking accounts (including Interest Rewards Checking, SBC Free Checking, SBC Senior Select, SBC Choice, and business variants like SBC Biz Advantage Checking and SBC Small Business Checking), savings accounts (Regular Savings, Personal Money Market), certificates of deposit with various terms, and individual retirement accounts. The bank provides credit products including Visa debit and credit cards, auto/ recreational vehicle loans, personal unsecured loans, fixed-rate and adjustable-rate mortgages, home equity lines of credit, construction loans, agricultural loans, and SBA loans. Supplementary services include health savings accounts, trust services, and merchant card processing. The digital banking platform (eBranch) encompasses online banking, mobile banking with mobile deposit capture, bill pay, e-statements, and real-time alerts (Notifi). Investment management is offered through the Sun Step Financial sub-brand, with securities provided via J.W. Cole Financial. The bank also provides financial calculators and student banking solutions as educational tools.

Differentiator

Problem solved

Functional benefit

Brands

• Sun Step Financial: Investment management and financial planning services offered through a partnership with J.W. Cole Financial, Inc. Provides wealth management, personalized financial planning, retirement income planning, investment strategy, tax-efficient planning, estate planning, risk management, education funding, and business succession planning.

Products and services

• Interest Rewards Checking A free personal checking account that earns up to 4.50% APY on balances up to $15,000 when qualification requirements are met, including 12+ debit card transactions per month, one direct deposit, e-statements, and online banking access. Falls to 0.01% APY if qualifications are not met.
• SBC Free Checking A no-minimum-balance personal checking account with unlimited check writing, no per-check fees, and a free State Bank of Chilton Visa Debit Card for qualified applicants.
• SBC Senior Select Checking A checking account designed for seniors with no per-check fee, cancelled checks returned with monthly statements or free check safekeeping, and one free box of specialty checks annually.
• SBC Choice Checking An interest-earning personal checking account with tiered rates based on balance, requiring a $500 minimum balance to avoid monthly fees and offering free check safekeeping.
• Regular Savings Account A basic personal savings account with no minimum deposit required to open, unlimited teller transactions, and 0.25% APY; $100 minimum balance avoids monthly fee.
• SBC Personal Money Market A tiered-rate personal money market account earning up to 2.27% APY at balances of $250,000+, with limited to 6 withdrawals by check or electronic transfer per statement cycle and check access.
• Certificate of Deposit (CD) Fixed-term savings accounts with terms ranging from 30 days to 5 years, with rates up to 4.00% APY on a 7-month special CD and minimum opening balances of $1,000 standard and $2,500 for specials.
• Individual Retirement Account (IRA) Tax-advantaged retirement savings accounts including Variable Rate Accounts and IRA CDs with terms from 182 days to 5 years, providing insured deposit retirement options.
• State Bank of Chilton Visa Debit Card A Visa debit card accepted at over 22 million locations worldwide, usable for purchases in person, online, by phone, or by mail, with EMV chip technology and surcharge-free ATM access via the MoneyPass network. Supports Apple Pay and Samsung Pay.
• State Bank of Chilton Visa Credit Card Consumer and business credit cards issued through Elan Financial Services with competitive pricing, reward options, EMV chip technology, mobile purchasing capability, and zero fraud liability.
• Auto and Recreational Vehicle Loans Financing for new or used vehicles and recreational vehicles with flexible terms (1-7 years for new auto, 1-5 years for used auto, 1-10 years for RV) and APRs from 4.75% to 10.75%, including free automatic loan transfers for on-time payments.
• Personal Unsecured Loans Unsecured personal loans for various consumer needs with terms of 1 to 5 years and APRs ranging from 6.75% to 10.75%.
• Fixed-Rate Mortgage Home loans with fixed interest rates remaining constant throughout the loan term, available in 30-year (6.500% APR), 20-year (6.750% APR), and 15-year (6.375% APR) durations with consistent monthly payments.
• Adjustable Rate Mortgage (ARM) A 30-year mortgage with an initial fixed-rate period (3, 5, or 10 years) offering lower initial rates than typical 30-year mortgages, with rates that can vary after the initial period.
• Home Equity Line of Credit (HELOC) A revolving line of credit using home equity to finance home improvements, vacations, college expenses, or other needs, with access that can be used repeatedly.
• Construction Loans Home construction financing to build or upgrade a home, supporting borrowers through the building process.
• Health Savings Account (HSA) A tax-exempt trust account for paying or reimbursing qualified medical expenses, with tax-deductible contributions, tax-deferred growth, and tax-free distributions for medical expenses; funds accessible via Visa debit card and online banking.
• Solutions for Students Banking services designed for students including free checking, savings accounts, Saver CDs, Coverdell Education Savings Accounts, and private student loans.
• Business Checking Accounts A suite of business checking accounts including SBC Biz Advantage Checking (no minimum balance, unlimited transactions, $4.50/month maintenance), SBC Small Business Checking (200 free transactions per month), and SBC Biz Choice Checking (for sole proprietorships, non-profits, and public entities with interest-earning option).
• SBC Biz Money Market Business money market account with $1,000 minimum balance, 6 preauthorized transactions per month, and competitive interest rates.
• Agricultural Loans Loans for area farmers since 1891, including real estate purchase and refinancing, construction financing, lines of credit, equipment loans, and personal property loans.
• Commercial Real Estate Loans Loans for commercial property purchase, expansion, or refinancing, including experience in manufacturing, service industries, retail, and real estate development.
• Small Business Administration (SBA) Loans SBA-backed loans available for small business financing needs.
• ACH Origination Automated Clearing House service for businesses to process payroll through recurring direct deposit payments to employees via the Business Online Banking platform.
• Remote Deposit Capture Business service allowing deposits by sending a picture of a check for immediate processing and clearing.
• Positive Pay Fraud mitigation tool accessible via Business Online Banking to reduce financial losses from check fraud.
• Merchant Card Processing Payment processing services for businesses through Heartland Payment Systems, including countertop hardware, mobile payments, online ecommerce, and bill payment solutions.
• eBranch Online Banking Comprehensive online banking platform providing 24/7 account access, fund transfers, loan payments, bill pay, e-statements, and account management for retail and business customers, with QuickBooks and Quicken integration.
• Mobile Banking App Mobile banking application for iOS and Android allowing account access, transfers, bill payment, mobile deposit capture (up to $5,000 per item per day), and text banking from smartphones.
• Sun Step Financial Investment Management Investment management services offered through the bank's Sun Step Financial sub-brand, providing comprehensive wealth management, personalized financial planning, retirement income planning, and investment strategy using a 10-key S.T.E.P. approach. Securities provided through J.W. Cole Financial, Inc.
• Trust Services Estate planning and trust management including living trusts, trusts under will, conservatorships, guardianships, custodial accounts, and 401k profit sharing retirement plans, managed through the bank's Trust Department.
• Safe Deposit Boxes Secure storage boxes available in various sizes at Chilton, Stockbridge, Brillion, and Sherwood locations for protecting valuable documents and items.
• Wire Transfer Services Domestic and international wire transfer services for quickly transferring funds to financial institutions, with 2pm deadline for same-day processing.
• PhoneLink Telephone Banking 24-hour automated telephone banking service allowing account access, balance inquiries, transfers, and account information via phone.

Quantifiable outcome

• 96% Employee Net Promoter Score indicating high employee satisfaction and workplace culture
• +1 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Heartland Payment SystemscoreTechnology or IntegrationHeartland provides payment processing technology including countertop hardware, mobile payments, online commerce, and bill payment solutions. Heartland serves over 400,000 members nationwide with trusted solutions for payment, payroll, point of sale, and customer engagement. State Bank of Chilton offers merchant processing services through this partnership.
• J.W. Cole Financial, Inc.coreTechnology or IntegrationSecurities offered through J.W. Cole Financial, Inc. (JWC), a registered broker-dealer and member of FINRA/SIPC. Provides investment services to State Bank of Chilton customers. JWC and JWCA are unaffiliated entities from the bank.
• J.W. Cole Advisors, Inc.coreTechnology or IntegrationAdvisory services offered through J.W. Cole Advisors, Inc. (JWCA) for investment management. Partners with State Bank of Chilton to provide advisory services to bank customers seeking investment guidance.
• Sun Step FinancialcoreStrategic or Co-development PartnerSun Step Financial provides investment management services through a partnership with State Bank of Chilton. Offers comprehensive wealth management including retirement planning, investment strategy, tax-efficient planning, estate planning, and business succession planning. Located at statebankofchilton.com/sun-step-financial.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services is the creditor and issuer of State Bank of Chilton credit cards, providing consumer and business credit card products under Visa license. Elan provides zero fraud liability protection and 24/7 cardmember service.
• Wisconsin Bankers Association (WBA)minorOthersState Bank of Chilton is a member of the Wisconsin Bankers Association, a trade organization serving Wisconsin banks.
• Independent Community Bankers of America (ICBA)minorOthersState Bank of Chilton is a member of the Independent Community Bankers of America, the primary trade association for community banks.
• American Bankers Association (ABA)minorOthersState Bank of Chilton is a member of the American Bankers Association, the largest banking trade association in the United States.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Associated Bank: Wisconsin-headquartered regional bank with statewide branch network. Larger incumbent offering overlapping personal, business, mortgage, and wealth management products to Wisconsin customers, but as part of a much broader regional portfolio.
• Nicolet Bankshares: Wisconsin-based bank holding company with community-banking model across northeast and central Wisconsin. Larger and more geographically dispersed but operates in the same Wisconsin community-banking space with overlapping products.
• Johnson Financial Group: Wisconsin-based privately-held financial services firm offering banking, wealth, and insurance. Larger scale than State Bank of Chilton but operates in similar Wisconsin markets with overlapping retail and business banking products.

Direct peers

• Westbury Bank: Wisconsin community bank headquartered in West Bend serving southeastern Wisconsin. Similar multi-branch community model with personal and business banking, mortgage lending, and digital banking channels serving comparable customer segments.
• Fox River State Bank: Wisconsin community bank serving the Fox Valley region with personal and business banking products. Similar scale, geographic scope, and community-bank operating model with comparable product mix including loans and digital banking.
• Commerce State Bank: Wisconsin community bank with branches in the greater Madison area offering full-service personal and business banking. Comparable community-bank model with similar product suite including commercial real estate and agricultural lending.
• Horicon Bank: Wisconsin community bank offering personal, business, and agricultural banking across multiple branches. Comparable in size, Wisconsin footprint, and emphasis on relationship-based community banking with agricultural lending expertise.
• Fox Communities Credit Union: Wisconsin-based credit union serving the Fox Valley region including the Chilton/Appleton area. Directly competes for personal and small business banking customers in the bank's primary footprint, with comparable deposit and loan products.
• Bank Five Nine: Wisconsin community bank serving Waukesha County and the Lake Country area with full personal and business banking services. Comparable size, footprint, and community-bank value proposition including digital banking and lending products.
• National Exchange Bank & Trust: Wisconsin community bank headquartered in Fond du Lac with multiple branches across eastern Wisconsin. Similar multi-generational family-style community banking model with personal, business, and agricultural lending. Directly comparable by footprint, product set, and customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/stbankchilton

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 State Bank of Chilton