What Ixonia Bank does

Ixonia Bank is a privately held, FDIC-insured state-chartered community bank headquartered in Ixonia, Wisconsin, founded in 1918 with $10,000 in initial capital. The bank operates seven branch locations across southeastern Wisconsin (Ixonia, Dousman, Milwaukee, two in Oconomowoc, and two in Watertown) and serves both individual consumers and businesses. Its service area is concentrated in southeastern Wisconsin with no stated geographic expansion ambitions beyond the region.

The bank's core product portfolio spans personal deposit products (Freedom, Patriot, Ultimate Interest, and Star Checking; savings, money market, CDs, IRAs, HSAs), lending (mortgages via the in-house Novus Home Mortgage division, vehicle loans, consumer loans, credit cards), and a full commercial banking suite (three tiers of business checking, commercial loans and lines, SBA loans, agricultural loans, business credit cards, treasury management, and merchant services). The technology stack is built on partner-provided platforms: online and mobile banking with mobile deposit, Card Suite Lite (CardValet) for debit card controls, Autobooks for SMB invoicing and accounting embedded within Business Online Banking, Global Payments (Genius) for merchant/POS processing, Elan Financial Services for credit card issuance, and Promontory Interfinancial Network for Insured Cash Sweep. Specialized programs include the Women in Business Speaker Series and podcast, the Cashus Kids Club youth savings initiative, and an INSIGHTS podcast.

The business model is a traditional community bank revenue mix: (1) net interest income from loans including mortgages, commercial loans, consumer loans, and agricultural loans; (2) deposit account fees and service charges (e.g., $7.50-$15 monthly business checking fees, $7.50-$8 personal checking fees, excess withdrawal charges); and (3) commercial banking service revenue from treasury management, merchant services, and business credit cards. Pricing is fully transparent and publicly disclosed on the website, with auto loan rates starting at 5.125% APR, CD rates from 2.50% to 4.09% APY, and tiered money market yields reaching 2.95% APY at $1M+ balances. Distribution is dual-channel: physical branches with relationship bankers for in-person sales and an online account opening process completable in under 15 minutes for self-service acquisition.

Name

Ixonia Bank

Legal name

Ixonia Bank

Website

https://ixoniabank.com

Company type

Private

Founded year

1918

Operating status

Operating

Headcount range

101–250 employees

Short description

Ixonia Bank is a privately held community bank founded in 1918 in southeastern Wisconsin, operating seven branches and serving individual consumers, small-to-mid-sized businesses, agricultural customers, and women-owned businesses with deposits, mortgages, commercial loans, treasury management, and merchant services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industry

Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG)

Keywords

• Community banking services
• Personal checking accounts
• Commercial lending products
• Mortgage and auto loans
• Treasury management solutions

Headquarters

HQ city

Ixonia

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue generated from interest earned on loans including mortgages, commercial loans, consumer loans, and agricultural loans. Interest is earned on various loan products at competitive rates, with auto loan rates starting at 5.125% APR and mortgage products offered through Novus Home Mortgage.
2. Deposit Account Fees and Service Charges: Monthly maintenance fees on checking and savings accounts (e.g., $7.50-$15 monthly for business checking, $7.50-$8 for personal checking), excess withdrawal fees, and other service-related charges.
3. Commercial Banking Services: Revenue from business deposit products, commercial loans, treasury management services, merchant services (through Global Payments partnership), and business credit cards.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Ixonia Bank is a community bank offering personal deposit products (checking, savings, CDs, IRAs, HSAs) and consumer loan products (mortgages, auto, consumer loans, credit cards), along with a separate commercial banking suite including business checking, commercial loans, SBA loans, agricultural lending, treasury management, merchant services, and business credit cards. Services are delivered through 7 branches in southeastern Wisconsin plus online and mobile digital banking channels.

Product overview

Ixonia Bank is a boutique community bank serving southeastern Wisconsin for over 105 years, offering a comprehensive suite of personal and commercial banking products through an integrated multi-channel delivery system. The core product portfolio spans deposit accounts (checking, savings, CDs, IRAs, HSAs), lending (mortgages, vehicle loans, consumer loans, commercial loans, agricultural loans), and credit cards. These are supported by digital banking infrastructure including Online Banking, Mobile Banking with Mobile Deposit, and Business Online Banking with Treasury Management capabilities. Add-on services include Mobile Wallets (Apple Pay, Google Pay, Samsung Pay), CardValet card management, Autobooks invoicing/accounting, Remote Deposit Capture, Merchant Services through Global Payments, and specialized programs like the Cashus Kids Club youth savings and Women in Business initiative. The bank differentiates through local decision-making, relationship-based lending, and integrated digital tools for both personal and commercial customers.

Differentiator

Problem solved

Functional benefit

Brands

• Novus Home Mortgage (a division of Ixonia Bank): Mortgage lending division powered by Novus Home Mortgage, offering mortgage loans including Conventional, FHA, USDA, VA, WHEDA, and Construction loans
• Cashus Kids Club
• Autobooks
• Women in Business
• CardValet

Products and services

• Personal Checking Accounts
• Savings and Money Market Accounts
• CDs and IRAs
• Health Savings Accounts
• Mortgage Loans
• Vehicle Loans
• Consumer Loans
• Personal Credit Cards
• Business Checking Accounts
• Business Savings and Money Market Accounts
• Employee Retirement Plans
• Commercial Loans and Lines
• Business Credit Cards
• Merchant Services
• Treasury Management

Quantifiable outcome

• Free pre-approvals for mortgage loans to help customers shop for homes with confidence
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• AutobookscoreTechnology or IntegrationPartnership with Autobooks provides integrated payment and accounting services for small businesses within Ixonia Bank's Business Online Banking platform. Enables invoicing, payment acceptance (credit cards, debit cards, ACH), and basic accounting tools. Complimentary to Ixonia Bank clients with optional $9.99/month for advanced accounting features.
• Novus Home Mortgage (division of Ixonia Bank)coreStrategic or Co-development PartnerNovus Home Mortgage operates as a division of Ixonia Bank, providing mortgage lending services. Powered by Novus, the bank offers conventional, FHA, USDA, VA mortgages, construction loans, and home equity products with free pre-approvals and competitive rates.
• Elan Financial ServicescoreTechnology or IntegrationCredit cards are issued through Elan Financial Services, providing Visa and MasterCard products. Elan provides zero fraud liability, 24/7 cardmember service, and credit score access through TransUnion. Cards are available for both personal and business customers.
• Global Payments (Genius POS)coreChannel Partner/ Reseller/ DistributorMerchant services partnership with Global Payments providing payment processing, point-of-sale solutions (Genius), and business tools. Enables businesses to accept all payment types including EMV chip cards, Apple Pay, Samsung Pay, and mobile wallets.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Associated Bank: Largest Wisconsin-based bank and major regional player with full-service consumer, commercial, and treasury management capabilities across the state. Competes head-to-head with Ixonia for deposit and commercial lending relationships in southeastern Wisconsin.
• U.S. Bank: Top-five U.S. commercial bank with a strong Milwaukee/Wisconsin retail and commercial presence. Represents a primary incumbent competitor for consumer deposits, mortgages, and small-business banking.
• BMO Harris Bank: Major U.S. subsidiary of BMO Financial Group with deep Wisconsin roots (historically M&I Bank). Competes aggressively for deposits and SMB relationships across Ixonia's footprint, with broader product capabilities and balance sheet scale.

Direct peers

• Investors Community Bank: Wisconsin-based community bank focused on commercial, agricultural, and small-business lending with comparable deposit and treasury products. Closely matches Ixonia's commercial and agricultural lending emphasis.
• PyraMax Bank: Wisconsin-based community bank (formerly Maritime Savings Bank) offering personal and commercial banking in southeastern Wisconsin. Comparable in community banking positioning and customer mix.
• WaterStone Bank: Wisconsin-headquartered community bank (formerly Wauwatosa Savings Bank) serving consumers and businesses across the Milwaukee metro with deposit, mortgage, and commercial lending products. Direct overlap in customer segments and product set.
• Waukesha State Bank: Wisconsin-headquartered community bank with a similar deposit, lending, and treasury management product set serving the greater Milwaukee/Waukesha market. Comparable in scale, customer mix (consumers + SMBs), and branch-based relationship model.
• First Bank Financial Centre: Wisconsin community bank offering personal and business banking, treasury management, and SBA lending across southeastern Wisconsin. Closely comparable in product breadth, customer base, and regional focus to Ixonia Bank.
• Town Bank (a Wintrust Community Bank): Southeastern Wisconsin community bank under Wintrust's community banking umbrella, offering deposit, lending, and treasury management products to consumers and businesses. Operates in overlapping markets and serves similar SMB and consumer segments.
• North Shore Bank (a subsidiary of Mutual of Omaha Bank): Wisconsin-based community bank serving the Milwaukee metro with personal and business deposit, lending, and digital banking products. Closely comparable in branch-based community banking model and SMB focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ixoniabank
• LinkedInlinkedin.com/company/ixonia-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ixonia Bank