What GTSB does

Germantown Trust & Savings Bank (GTSB) is a privately held, FDIC-insured community bank (Certificate #12113) founded in 1906 and headquartered in Germantown, Illinois, with a stated commitment to remain independent and serve Clinton County exclusively. The bank operates four full-service branches in Breese, Germantown, Bartelso, and Beckemeyer, plus two standalone ATM kiosks in Breese and Albers, and employs 45 people, half of whom have tenure of 15 or more years. The product set spans personal and business checking and savings accounts, certificates of deposit, IRAs, personal and commercial loans (including dedicated agricultural lending), residential mortgages, construction and home equity loans, trust and estate administration, and cash management for small businesses. Service channels include online banking, an iPhone/iPad and Android mobile app, mobile remote deposit capture, GTSB Bill Pay, digital wallet support (Apple Pay, Google Pay, Garmin Pay, Fitbit Pay), SHAZAM-issued debit cards, Elan-issued Visa and Mastercard credit cards, and merchant card acceptance through FiTech. In January 2021 GTSB was one of only 200 US banks to adopt The Clearing House Real Time Payments Network and has announced preparation to support FedNow.

The bank's revenue model is centered on net interest income from its loan portfolio (consumer, agricultural, commercial, residential) funded by deposits, supplemented by trust and fiduciary fees, account and transaction fees, debit and credit card interchange, merchant processing residuals, and small government and license service fees. The go-to-market is relationship-based community banking: officers and employees live locally, lending decisions are made in-branch, and acquisition is driven by word-of-mouth, community presence, and an annual Community Banking Week event, with supporting content marketing through the local Neighbors of Clinton County Magazine and the bank's website. GTSB holds a Bauer Financial 5-star rating and is led by President and CEO Dale Deiters with a board that includes Deiters, James Lampe II, Jan Deiters, Floyd Trame, and Alan Timmermann, plus Director Emeritus James R. Stix Lampe in his 60th year at the bank, indicating a multi-generational family-led ownership and governance structure.

Name

GTSB

Legal name

Germantown Trust & Savings Bank

Website

https://gtsb.com

Company type

Private

Founded year

1906

Operating status

Operating

Headcount range

11–50 employees

Short description

Germantown Trust & Savings Bank is a privately held FDIC-insured community bank founded in 1906, operating four branches in Clinton County, Illinois to serve local families, farms, and small businesses with deposit, lending, trust, and digital banking services.

Ownership category

akta.pro rank

Headquarters

HQ city

Breese

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Net Interest Income: Interest earned on loans (auto, residential real estate, commercial, agricultural, construction) minus interest paid on deposits (checking, savings, CDs, IRAs). Core revenue driver as a community bank.
2. Trust and Fiduciary Services: Revenue from trust administration, estate administration, escrow agent services, managed or self-directed IRAs, guardianships/conservatorships, farm management, and agency agreements.
3. Account and Transaction Fees: Fees from wire transfers (domestic and international), safe deposit box rentals, notary services, night depository, bill pay ($0.50 per transaction with $1.95 monthly inactivity fee), and various service fees on business and personal accounts.
4. Card Revenue: Interchange income from debit and credit card transactions. Credit cards issued through Elan Financial Services (Visa and Mastercard). Merchant credit card processing through FiTech's program.
5. Merchant Card Processing: Revenue from merchant credit card processing program offered through FiTech to local businesses for credit/debit card acceptance.
6. Government and License Services: Fees from Illinois vehicle registration renewals, title and license services, and utility payment processing for the Village of Beckemeyer.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Germantown Trust & Savings Bank (GTSB) is a community bank providing personal and business deposit accounts (checking, savings, CDs, IRAs), personal and commercial loans (including agricultural, residential mortgage, construction, and home equity), trust and estate administration services, and digital banking via online and mobile platforms. The bank operates four branches in Clinton County, Illinois, complemented by SHAZAM-network ATMs, real-time payments through The Clearing House, and merchant card processing through FiTech.

Product overview

Germantown Trust & Savings Bank (GTSB) is a community bank offering a comprehensive suite of traditional banking products and services. The bank's core offerings include personal and business checking/savings accounts, certificates of deposit, IRAs, personal and commercial lending, and trust services. These are supplemented by a digital banking platform comprising online banking, mobile banking app, mobile remote deposit capture, GTSB Bill Pay, and digital wallet support (Apple Pay, Google Pay, Garmin Pay, Fitbit Pay). The bank also provides specialized services including SHAZAMChek debit cards, SHAZAM Brella fraud protection, merchant credit card processing via FiTech, real-time payments through The Clearing House network, and various convenience services like wire transfers, safe deposit boxes, notary services, and title/license processing. GTSB operates four branch locations in Clinton County, Illinois (Breese, Germantown, Bartelso, Beckemeyer) with additional ATM kiosks.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking account options with features like online banking, mobile banking, bill pay, and debit cards, targeted at local individuals and families in Clinton County, Illinois.
• Personal Savings Accounts Savings account options including basic savings and Christmas Club accounts for holiday savings, targeted at individuals and families in Clinton County.
• Certificate of Deposit (CDs) Short-term savings product with terms, lengths, and APY varying according to deposit amount; minimum CD starts at $1,000, targeted at personal savers.
• Individual Retirement Accounts (IRAs) IRA Passbook and IRA Certificate of Deposit accounts for retirement savings, including a $50 minimum balance Passbook option and $1,000+ minimum CD option.
• Personal Loans Personal lending options including auto loans, construction/lot loans, consumer loans secured by deposit accounts or CDs, and residential real estate loans for local individuals.
• Fixed-Rate Mortgages Fixed-rate residential mortgage options providing stable, predictable payments with local underwriting and quick turnaround for home buyers and refinancers in Clinton County.
• Construction Loans Short-term financing for residential property construction with disbursements handled by the bank and interest paid only on amounts advanced.
• Home Equity Loans Loans using home equity for renovation, repairs, school expenses, debt consolidation, or other larger purchases for local homeowners.
• Business Checking Accounts Business checking accounts including Basic Business, Interest-Bearing Business, Big Business, and Hi-Fi Business options with tiered fee structures based on minimum balance and transaction volume.
• Business Savings Accounts Business savings including Passbook Savings and Big Balance Electronic Savings with various minimum balance requirements for local businesses.
• Commercial Lending Flexible commercial lending options for business purchases, commercial land, operating lines of credit, and investment and rental property loans for local businesses.
• Agriculture Loans Farm financing for seed, equipment, paychecks, or renovations, including loans for farm ground and equipment purchases, operating and crop production loans, and recreational property loans with flexible rates and repayment options.
• Trust Services Comprehensive trust administration including estate administration, escrow agent services, managed or self-directed IRAs, guardianships and conservatorships, farm management, and agency agreements.
• Cash Management Services Business banking portal for viewing account history, ACH transactions, payroll processing, transfers, and stop payments with multi-user access and dual control for local businesses.
• Wire Transfer Services Domestic and international wire transfer services for guaranteed fund transfers in a timely manner, available to both personal and business customers.
• Safe Deposit Boxes Secure storage boxes available at all four branch locations in various sizes to protect customer valuables.
• Title and License Services Full license and title services for vehicle registration renewals and title transactions at all four branch locations, plus over-the-counter Secretary of State sticker sales.
• Merchant Credit Card Processing Payment processing via FiTech for retail, restaurant, healthcare, service, mail order, and e-commerce businesses serving local merchants in Clinton County.
• SHAZAMChek Debit Cards Debit cards for cash withdrawals at ATMs and purchases over phone, online, and at point-of-sale; works with Apple Pay, Google Pay, Garmin Pay, and Fitbit Pay.
• Credit Cards (via Elan Financial Services) Personal and business credit cards through Elan Financial Services with Visa and Mastercard options, including rewards, cash back, and low-rate cards with zero fraud liability.
• Mobile Remote Deposit Capture Feature allowing users to deposit U.S. checks by taking photos via the GTSB Mobile Banking app with advanced encryption, tiered daily/3-day limits, and next business day availability for deposits made before 3:45pm CST.
• GTSB Mobile Banking App Full-service mobile banking app for iPhone/iPad and Android devices for checking balances, transfers, bill pay, mobile deposit, and locating ATMs and branches.
• GTSB Online Bill Pay Online bill payment service costing $0.50 per transaction with a $1.95 monthly inactivity fee, allowing payments to anyone with multiple account, scheduling, recurring payment, 24/7 access, and ACH transfer features.
• Real-Time Payments via The Clearing House Real-time payment acceptance service through The Clearing House Real Time Payments Network, providing instant payment infrastructure to GTSB customers.

Quantifiable outcome

• Real-time processing: All transactions posted within seconds, including over-the-counter, mobile, online, debit card, and ATM activity
• +2 more outcomes

Named customers4 records

Segments4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• SHAZAMcoreTechnology or IntegrationSHAZAM provides GTSB's debit card network (SHAZAMChek), Privileged Status surcharge-free ATM program, Falcon Fraud Management, and Shazam Brella card monitoring and fraud detection. SHAZAM's Privileged Status provides access to thousands of surcharge-free ATMs nationwide. The partnership is central to GTSB's debit card and ATM strategy.
• The Clearing HousecoreTechnology or IntegrationGTSB participates in The Clearing House Real Time Payments Network, one of only 200 banks in the US to do so as of January 2021. This is the most modern payment infrastructure in the US, enabling instant payments. GTSB is also preparing to support FedNow services.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services issues Visa and Mastercard credit cards for GTSB customers under licensing agreements. Elan provides zero fraud liability for unauthorized transactions and 24/7 cardmember service. Credit cards are available for both personal and business use.
• FiTechcoreTechnology or IntegrationFiTech provides GTSB's merchant credit card acceptance program, enabling local businesses to accept credit and debit card payments. The program serves retail, restaurant, healthcare, service, mail order, and e-commerce businesses through all four GTSB locations.
• MastercardcoreTechnology or IntegrationMastercard serves as the payment network for GTSB's SHAZAMChek debit cards when used at point-of-sale as 'Credit' transactions. Also provides SecureCode online security for debit card transactions and is the payment network routed for credit card transactions via Elan Financial Services. Historically noted to have one of the best currency exchange rates for international transactions.
• CBAI (Community Bankers Association of Illinois)minorChannel Partner/ Reseller/ DistributorCBAI is the trade association for community bankers in Illinois. GTSB is hosted by CBAI for website and technology services. CBAI also provides access to financial calculators used on the GTSB website.
• FinCEN (Financial Crimes Enforcement Network)minorOthersAs required by the Corporate Transparency Act (CTA) effective January 1, 2024, GTSB informs customers about Beneficial Ownership Information (BOI) reporting requirements to FinCEN. GTSB directs customers to boiefiling.fincen.gov to file BOI reports directly with FinCEN.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Heartland Bank and Trust Company: Central Illinois community bank providing personal, business, agricultural, and mortgage lending with multi-branch distribution. Comparable because it operates the same community-bank model serving Illinois small businesses, farmers, and households with relationship-based banking.
• Scott Credit Union: Illinois-based member-owned credit union serving the Metro East region with personal and small-business banking services. Comparable to GTSB because it competes for the same household and small-business deposit and lending relationships in Illinois with a community-focused, member-first approach.
• Town & Country Bank: Springfield, Illinois-based community bank offering personal, business, and mortgage banking through a regional branch network. Comparable because it competes head-to-head for the same customer segments (families, small businesses, ag operators) using a similar relationship-driven, multi-branch Illinois community-bank model.
• CEFCU (Citizens Equity First Credit Union): Central Illinois community depository institution headquartered in Peoria, with a similar member/customer relationship model and full retail-banking product set including lending, deposits, and digital tools. Comparable because it operates as a community-focused, multi-branch depository institution serving defined geographies in Illinois with personal service.
• Morton Community Bank (HOMEBANK): Central Illinois community bank with branch distribution serving consumers, small businesses, and agricultural borrowers. Comparable because it operates in the same Illinois community-banking category with similar deposit and lending products targeted at families and local businesses.
• First Mid-Illinois Bank & Trust: Central Illinois community bank and trust company serving personal, commercial, and agricultural customers across multiple Illinois counties. Comparable because it offers the same combination of traditional branch banking, trust services, and ag lending that defines GTSB's product set.

Broad incumbents

• Midland States Bancorp: Effingham, Illinois-based community-banking holding company with full-service banking across Illinois and surrounding states. Comparable because it combines community-banking branches with commercial, agricultural, and wealth services, operating at a larger scale than GTSB but in overlapping Illinois geographies and customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/with_replies
• Facebookfacebook.com/Germantown-Trust-Savings-Bank-103846095632136

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 GTSB