Hancock County Savings Bank

What Hancock County Savings Bank does

Hancock County Savings Bank, F.S.B. is an independent, depositor-owned mutual savings bank founded on December 31, 1899, operating under a federal mutual bank charter held since 1991. The bank is headquartered in Chester, West Virginia, and operates three branches in Chester, New Cumberland, and Weirton, serving an eight-county footprint that spans Hancock, Brooke, and Ohio Counties in WV, portions of Washington and Allegheny Counties in PA, and Jefferson County OH. Its customer base is primarily consumer households, families, youth and young adults, and a small nonprofit and civic organization segment, with no disclosed commercial or institutional lending book.

The bank's product suite covers the full retail banking stack: deposit products include multiple checking variants (Interest, Hancock Classic for 62+, Keep Your Money FREE, Community Partner for nonprofits, Student Flex for ages 11-15), savings products (Statement Savings, Money Market Demand Accounts, Premium MMDA, Christmas Club), Certificates of Deposit, and Traditional and Roth IRAs. Lending products include residential mortgages with first-time homebuyer and 100% financing programs, construction loans with interest-only draw periods, land loans, family sale loans, home equity loans and lines of credit, vehicle and auto loans, personal loans with seasonal variants, share loans secured against deposits, and home improvement loans up to $10,000. All loan decisions are made locally at the branch level, and mortgages are retained on balance sheet rather than sold on the secondary market.

Technology infrastructure is built around standard community banking platforms: web-based online banking, native iOS and Android mobile apps with mobile deposit, 24-hour telephone banking, and a network of 24-hour ATMs at all branches. Third-party integrations include Docnaire for online loan application processing, Zelle for peer-to-peer payments via Early Warning Services, Visa Account Updater for automated card data refresh, GeoTrust Extended Validation SSL (256-bit) for browser security, and Deluxe for check reordering. Revenue derives primarily from net interest spread on the retained loan portfolio, deposit interest spread, and transactional fee income including overdraft, wire transfer, ATM, and the $10 custom debit card fee. The bank funds community reinvestment through the HCSB Charitable Foundation, which has invested over $1.2M in local organizations since 1999, and runs a financial literacy program through a partnership with EVERFI targeting 4th-grade students.

Name

Hancock County Savings Bank

Legal name

Hancock County Savings Bank, F.S.B.

Website

https://hcsbank.com

Company type

Private

Founded year

1899

Operating status

Operating

Headcount range

101–250 employees

Short description

Hancock County Savings Bank is an independent mutual savings bank founded in 1899, operating three branches in West Virginia's Ohio Valley and serving consumer households, youth, and nonprofits across eight counties in WV, PA, and OH with deposits, mortgage and consumer lending, and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Community banking
• Mortgage lending
• Consumer loans
• Retail deposits
• Mobile banking

Headquarters

HQ city

Chester

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue from interest earned on mortgage loans, construction loans, consumer loans, home equity loans, and vehicle loans. Bank retains loans rather than selling on secondary market.
2. Deposit Interest Spread: Revenue generated from spread between interest paid on deposits (savings, checking, CDs, IRAs) and interest earned on loans.
3. Banking Fees and Charges: Various fees including service fees, overdraft fees, ATM fees at non-HCSB ATMs, wire transfer fees, custom debit card fees ($10), early withdrawal penalties on CDs.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Hancock County Savings Bank is an independent mutual community bank founded in 1899 that offers deposit products (checking, savings, money market, CDs, IRAs), consumer and mortgage lending (home loans, construction, auto, home equity, personal loans), Visa debit card services, and digital banking (online, mobile, Zelle P2P) to individual consumers, families, and small organizations in the Ohio Valley region.

Product overview

Hancock County Savings Bank is an independent, locally-managed community bank established in 1899 offering a comprehensive suite of consumer and commercial banking products. The bank's digital banking platform includes online banking, mobile banking, and Zelle® for P2P payments. Its deposit products span multiple checking accounts (Interest Checking, Hancock Classic Checking for seniors 62+, Keep Your Money FREE Checking, Community Partner Checking, Student Flex Checking for ages 11-15), savings accounts (Statement Savings, Money Market Demand Accounts with Premium tier, Christmas Club), and time deposits (Certificates of Deposit, Individual Retirement Accounts). The loan portfolio includes mortgage lending with first-time homebuyer and 100% financing programs, construction loans, land loans, home equity products, consumer loans (vehicle, personal, home improvement, share loans), and seasonal personal loans. Additional offerings include Visa debit cards with custom card creation, Visa Account Updater for recurring payment automation, overdraft protection, wire transfers, safe deposit boxes, notary services, and a charitable foundation. The bank operates three West Virginia branches and serves eight counties across Ohio, Pennsylvania, and West Virginia.

Differentiator

Problem solved

Functional benefit

Products and services

• Mortgage Loans Home mortgage loans with local decision-making, minimal closing costs, and no selling of loans on the secondary market. Includes first-time homebuyer programs and 100% financing options for individual homebuyers and families.
• Construction Loans

Quantifiable outcome

• $80.5 million in mortgage originations in 2003 (1,078 loans)

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• EVERFIcoreStrategic or Co-development PartnerFinancial education partnership providing branded, interactive financial education courses to schools, students, and community at no cost. Focuses on strengthening community with financial literacy and building financial capability.
• Early Warning Services, LLC (Zelle)coreTechnology or IntegrationLicensed partnership enabling Zelle peer-to-peer payment services for fast money transfers. Customers can send and receive money directly from their bank account in minutes.
• GeoTrustcoreTechnology or IntegrationSSL certificate provider for Extended Validation SSL encryption protecting online banking communications. Provides 256-bit encryption for secure browser connections.
• Deluxe CorporationminorChannel Partner/ Reseller/ DistributorPreferred vendor for check reordering. Customers directed to Deluxe website to order personal checks using bank routing and account information.
• DocnairecoreTechnology or IntegrationLoan application platform used for mortgage, auto, consumer, and equity loan applications. Provides online loan pre-qualification and application processing.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• WesBanco Bank: Regional bank holding company headquartered in Wheeling, WV, serving WV, OH, and PA - directly overlaps Hancock County Savings Bank's tri-state service area with full commercial and consumer banking.
• First National Bank of Pennsylvania: Large regional bank operating across PA, OH, WV, and MD; offers community-style banking services in markets that overlap HCSB's western PA and West Virginia footprint.
• Northwest Bank: Community-focused bank serving PA, NY, OH, and IN; operates branches in regions overlapping HCSB's western PA and eastern Ohio markets with similar consumer and mortgage products.
• S&T Bank: Western Pennsylvania-based community bank with branches in the Ohio Valley region; offers comparable deposit, mortgage, and consumer lending products to HCSB.
• United Bank: West Virginia-based community bank with branches across WV, VA, OH, and PA; serves overlapping Ohio Valley geographies with similar consumer and mortgage banking products.

Direct peers

• Civista Bank: Ohio-based community bank serving northwest Ohio and adjacent regions; similar size and product mix to HCSB with comparable community banking model and deposit/lending focus.
• Dollar Bank: Pittsburgh-based mutual savings bank offering consumer banking, mortgages, and deposits; comparable mutual structure and community banking approach to HCSB in the Ohio Valley region.
• Premier Bank: Ohio-based community bank with branches across OH and northern KY; similar community-focused model with consumer deposits, mortgage lending, and small business banking.
• WesBanco (community division): WesBanco's community banking operations in WV directly compete for the same consumer deposit, mortgage, and consumer lending customers as Hancock County Savings Bank in the Ohio Valley.

Regional players

• MVB Bank (MVB Financial Corp.): West Virginia-headquartered community bank serving WV, VA, OH, and PA; directly overlaps HCSB's core WV market with comparable community banking services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@HancockCountySavingsBank
• Facebookfacebook.com/HCSBankFSB
• Instagraminstagram.com/hcsbankfsb
• LinkedInlinkedin.com/company/hancock-county-savings-bank-f.s.b.

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Hancock County Savings Bank