Chebelle Corporation

What Chebelle Corporation does

Chebelle Corporation operates Chelsea Savings Bank, an FDIC-insured Iowa state-chartered community bank headquartered in Belle Plaine with five branch locations across rural Iowa communities (Belle Plaine, Chelsea, Van Horne, Traer, and Victor). As of December 31, 2025 the institution reported $199,120,605 in total assets, $171,853,892 in deposits, $82,537,467 in loans (including overdrafts), and $101,552,089 in securities holdings, supported by a 24-person staff across its five locations.

The product set spans personal and business deposit accounts (checking, savings, IRAs, CDs), digital banking delivered through Fiserv-powered Mobiliti (online, mobile, remote deposit, bill pay, business cash management), and lending products including mortgage, personal/auto, agricultural, and SBA-guaranteed business loans. Card services are provided through Mastercard for debit and Elan Visa for credit; convenience services include safe deposit boxes, notary, and wire transfers. The bank invests in compliance infrastructure (WCAG 2.1 AA accessibility and USA PATRIOT Act Section 326) and is preparing a contactless debit-card reissuance on August 3, 2026.

Revenue is generated principally through interest income on loans and securities, supplemented by deposit-gathering economics and transactional fees (overdraft/NSF, wire, safe deposit box rental, debit interchange). The go-to-market is sales-led and direct-to-consumer, leaning on hometown relationships, local loan decision-making, and a five-branch physical distribution footprint rather than digital acquisition channels; commercial and agricultural customers are served by the same local lending teams.

Name

Chebelle Corporation

Legal name

Chelsea Savings Bank

Website

https://chelseasavingsbank.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Chebelle Corporation operates Chelsea Savings Bank, an FDIC-insured Iowa community bank with five branches serving retail, small-business, and agricultural customers via deposit products, lending, and Fiserv-powered digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Personal deposit accounts
• Agricultural lending
• Small business loans
• Mortgage financing

Headquarters

HQ city

Belle Plaine

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest earned on loans including mortgage loans, personal loans, agriculture loans, and business loans. Total loans including overdrafts: $82,537,467
2. Interest Income from Securities: Interest income from municipal and other bonds totaling $101,552,089 in holdings
3. Service Fees and Charges: Fee income from account maintenance fees, overdraft/NSF fees, wire transfer fees, ATM fees, safe deposit box rental, and other banking service charges
4. Deposit Taking: Traditional deposit banking receiving customer deposits ($171,853,892 in deposits) and paying interest on deposit accounts including checking, savings, CDs, and IRAs

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Chebelle Corporation, through Chelsea Savings Bank, operates a community bank providing deposit products (personal and business checking, savings, IRAs, CDs), a range of loans (mortgage, personal, agricultural, and business/SBA), digital banking via mobile and online platforms, Mastercard debit cards, Elan Visa credit cards, and ancillary services such as safe deposit boxes and notary. It serves individual consumers, small businesses, and agricultural operations across five Iowa branch locations.

Product overview

Chelsea Savings Bank is a community banking institution operating five branch locations (Belle Plaine, Chelsea, Traer, Van Horne, and Victor, Iowa) with approximately $190 million in assets. The bank offers a comprehensive suite of deposit products including personal and business checking accounts (CSB FREE, Regular, NOW, Prime $Market, HIFI variants), personal and business savings accounts, IRAs, and Certificates of Deposit. Digital banking services are delivered through a Retail Online platform and Business Online platform with Cash Management features via the Mobiliti mobile application. Lending products encompass mortgage loans, personal loans (auto and consumer), agriculture loans, and business loans including SBA-guaranteed options. Additional services include Mastercard debit cards with contactless capability, Elan Visa credit cards, safe deposit boxes, notary services, wire transfers, and a suite of financial planning calculators. The bank is powered by Fiserv for its mobile banking technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking accounts including CSB Free Checking, Regular Checking, NOW Account, Prime $Market, and HIFI options for individual consumers, with free debit card, free bill pay, and free first book of checks.
• Personal Savings Accounts Savings accounts including Regular Savings, Christmas Club, Child Savings, and IRA Savings with tiered fees based on balance and transaction volume for individual consumers.
• Individual Retirement Accounts (IRAs) Traditional and Roth IRAs with $100 minimum deposit, quarterly interest compounding, and free internet banking for individual retirement savers.
• Certificates of Deposit (CDs) Fixed-term deposit products with terms from 3 to 60 months, including a 15-month CD special at 3.53% APY with $1,000 minimum for consumer accounts.
• Business Checking Accounts Business checking including Regular Business Checking with 4.5% earnings credit, NOW Account for non-profits, Prime Money Market, and HIFI Business for local businesses and organizations.
• Personal Online Banking Retail online banking platform providing 24/7 account access, bill pay, eStatements, and remote deposit capture for personal banking customers.
• Mobile Banking Mobile banking application powered by Fiserv Mobiliti, available on iOS and Android, providing real-time balance access, money management, transfers, bill pay, remote deposit, and card controls for account holders.
• Bill Pay Online bill payment service with first 6 months free, same day and overnight check options, available to personal and business banking customers.
• Business Online Banking with Cash Management Business digital banking platform with cash management features including dual control for payment initiation and authorization, file creation and approval workflows, and daily reconciliation capabilities.
• Mastercard Debit Card Mastercard-branded debit card with contactless/tap and go capability, digital wallet integration, and mobile app controls; instant issue and standard reorder available to account holders.
• Mortgage Loans Home financing for purchase, remodel, build, or refinance with dedicated mortgage lenders providing personal service throughout the loan lifecycle for individual consumers.
• Personal Loans Auto loans for new/used vehicles including cars, motorcycles, boats, RVs, and ATVs, plus consumer loans for car repairs, medical expenses, vacation, and debt consolidation.
• Agriculture Loans Agricultural financing including operating lines of credit, equipment loans, building and facility loans, and ag real estate loans for local farmers and producers.
• Business Loans Business financing including operating loans and lines of credit, commercial real estate and land loans, equipment loans, and SBA-guaranteed loans with longer repayment terms.
• Safe Deposit Boxes Secure storage boxes in multiple sizes (3x5, 4x5, 3x10, 5x10, 10x10) with varying rental fees available at branch locations for customers.
• Notary Services Notary service available for document notarization requiring in-person signature and valid identification at branch locations.
• Credit Cards (Elan Visa) Credit card services provided through Elan Visa partnership, available upon application at any branch location for personal and business customers.
• ATM Services ATM access at three bank locations (Belle Plaine, Traer, Van Horne) plus partner locations at O'Learys Office Tap in Belle Plaine and Silver Dollar Tavern in Chelsea.
• Wire Transfer Services Domestic and international wire transfer services with published per-transaction fees for account holders needing funds transfer capabilities.

Quantifiable outcome

• $190 million in assets under management
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• FiservcoreTechnology or IntegrationMobile banking app powered by Fiserv Mobiliti platform. Enables real-time balance access, money management, transfers, bill pay, card controls, and fraud detection. Provides technology infrastructure for mobile banking services.
• MastercardcoreTechnology or IntegrationMastercard debit card issuance and identity verification services (Mastercard Identity Check OTP) for secure ecommerce transactions. Contactless/tap and go debit card capabilities.
• FDICcoreOthersFederal Deposit Insurance Corporation providing deposit insurance coverage up to $250,000 per depositor. FDIC logo displayed indicating institution is FDIC insured.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Heartland Financial USA (HTLF): Larger multi-state community bank holding company headquartered in Dubuque, Iowa, with overlapping branches and a similar community-banking value proposition, but at materially greater scale across many states.

Direct peers

• Bank Iowa: Iowa-based community bank holding company operating multiple branches across the state with a comparable mix of personal, business, and agricultural lending products at similar community-banking scale.
• MidWestOne Bank: Iowa-headquartered community bank providing deposit accounts, ag lending, business banking, and digital channels through a branch network that overlaps several of the same Midwest rural markets served by Chelsea Savings Bank.
• Citizens Bank (Hartley, Iowa): Small Iowa community bank offering deposits, ag lending, and personal banking to rural customers in northwest Iowa; representative of the same independent community-bank segment in which CSB operates.
• First National Bank of Muscatine: Independent Iowa community bank of similar asset scale providing personal and business banking, agricultural lending, and digital services in eastern Iowa — directly comparable on size and operating model.
• Hills Bank and Trust Company: Family-owned Iowa community bank of comparable asset size with personal/business banking, agricultural loans, and modern digital services — a close analogue on size, geography, and product mix.

Regional players

• GreenState Credit Union: Iowa-based member-owned cooperative offering deposit, lending, and ag-finance products across similar eastern-Iowa markets; competes directly for the same household and small-business deposit pool, though structured as a credit union rather than a savings bank.

Others

• Fiserv: Core technology provider that powers Chelsea Savings Bank's mobile banking platform (Mobiliti) and is therefore an ecosystem enabler rather than a competitor; comparable context for understanding CSB's tech-stack choices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Chebelle Corporation