BankORION

What BankORION does

BankORION is a privately held, independent community bank founded in 1890 and headquartered in Orion, Illinois. It is owned by Orion Bancorporation, Inc., FDIC-insured, and designated an Equal Housing Lender. Through eight physical locations — Orion, Cambridge, Aledo, Moline (two), Annawan, and Bettendorf, plus an Operations Center in East Moline — and a digital banking platform, it serves individuals, families, farmers, and small/mid-sized businesses across Henry County, Mercer County, and the broader Quad Cities region of Illinois and Iowa.

Its core product set spans personal banking (Regular, Rewards, NOW, Super NOW, and Student checking; Statement Savings; Money Market; and Certificates of Deposit with terms from 7–31 days to 60 months), consumer lending (personal and vehicle loans, HELOCs, and home mortgages including refinance and construction), and business/agriculture banking (business accounts, business and agricultural loans and leases, ACH origination, and Positive Pay). Mortgages are originated through the LendingPad platform, credit cards through Elan Financial Services, and debit cards on the VISA network with near-real-time alerts. Digital service delivery runs on the Unifi/Apiture front end with FundsXpress back-end infrastructure, supported by a mobile banking app on iOS and Android, Zelle person-to-person payments, mobile check deposit, and 24/7 after-hours support lines.

The revenue model is that of a traditional community bank: net interest income on loans and deposits is supplemented by account and transaction fees (overdrafts at $30/item, NSF, wire transfers, ATM, stop payments, safe deposit boxes, and $5–$10/month bill pay), card services revenue (debit interchange, credit card program economics via Elan, gift and travel cards), and fee-based service income such as safe deposit box rentals. The bank distributes through a hybrid model of branch-based relationship banking plus self-serve online and mobile channels, targeting long-tail consumer, small-business, and agricultural borrowers with promotional offerings such as a $250 flat-fee HELOC (through July 2026) and a 9-month CD at 3.75% APY.

Name

BankORION

Legal name

BankORION

Website

https://bankorion.com

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

101–250 employees

Short description

BankORION is a privately held, FDIC-insured community bank founded in 1890, operating eight branches across Illinois and Iowa to serve individuals, families, farmers, and small businesses in the Quad Cities region with deposit, lending, mortgage, and digital banking products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Community banking
• Personal banking
• Agricultural lending
• Mortgage lending
• Business banking

Headquarters

HQ city

Orion

HQ country

United States

HQ region

North America

Offices8 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. Net Interest Income: Traditional banking revenue from interest earned on loans (mortgages, personal loans, business loans, agricultural loans) and interest paid on deposits (checking, savings, CDs, money market accounts)
2. Account and Transaction Fees: Fees from overdrafts, ATM transactions, wire transfers, account research, stop payments, safe deposit boxes, and various account maintenance charges
3. Card Services Revenue: Revenue from debit card transactions, credit card interchange, gift card fees, and card replacement fees
4. Bill Payment Services: Monthly fees for bill payment services for consumer ($5/month) and commercial ($10/month) accounts

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

BankORION is a community bank operating since 1890 in the Greater Quad Cities region (Illinois/Iowa), providing personal banking (checking, savings, CDs, debit/credit cards), residential mortgages and home equity lending, and business and agricultural banking solutions (business accounts, loans, leases, and agricultural financing). The bank distributes these offerings through 8 physical branches and digital channels including online/mobile banking with Zelle P2P payments, mobile check deposit, and an online mortgage application portal.

Product overview

BankORION is a community-focused bank offering a comprehensive suite of banking products and services. The core offerings include Personal Banking (checking, savings, and lending), Business/Agriculture Banking, and Home Loans & Mortgage products. Supporting infrastructure consists of Online and Mobile Banking platform enabling account management, fund transfers, bill payment, and Zelle P2P payments. Additional services include Wire Transfer Services, Safe Deposit Boxes, Debit and Credit Cards (including Visa contactless cards and Card@Once instant issuance), and specialized programs like the Golden Performance Club for seniors and the Downpayment Plus Program for homebuyers. Certificate of Deposit products range from 7-31 days to 60 months with various promotional rates. The bank operates physical branches across the Quad Cities region while providing digital banking access through web and mobile applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking Comprehensive personal banking services for individuals and families, including checking accounts (Regular, Rewards, NOW, Super NOW, Student), savings accounts, debit cards, and personal lending. Supports everyday banking, savings growth, and convenient digital access.
• Business and Agriculture Banking
• Home Loans and Mortgage
• Personal Lending
• Certificate of Deposit (CD)
• Online and Mobile Banking
• Wire Transfer Services
• Safe Deposit Boxes
• Debit and Credit Cards
• Downpayment Plus Program

Quantifiable outcome

• Rewards Checking offers up to 1.51% APY when requirements are met
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Federal Home Loan Bank of ChicagocoreStrategic or Co-development PartnerThrough the Downpayment Plus Program, BankORION partners with the Federal Home Loan Bank of Chicago to offer eligible homebuyers up to $10,000 toward down payment and closing costs. This partnership enables the bank to help lower-income and first-time homebuyers access affordable financing.
• LendingPadcoreTechnology or IntegrationLendingPad provides the online mortgage application platform (prod.lendingpad.com/bankorion) used by BankORION for home loans, refinancing, and construction loan applications.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services is the creditor and issuer of BankORION's credit card products, providing card processing, fraud protection (zero liability), and 24/7 customer service for cardholders.
• VISAcoreTechnology or IntegrationVISA provides debit card network services including contactless card technology, fraud monitoring alerts (BankORION Alerts Powered by VISA), and worldwide acceptance for BankORION debit cards.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Heartland Financial USA (HTLF): Heartland Financial is a multi-state community bank holding company with several community bank charters across the Midwest and West. Relevant as a scaled community-banking competitor with overlapping Quad Cities-area operations.
• First Mid-Illinois Bank & Trust: First Mid is a larger Mid-Illinois community bank holding company providing consumer, mortgage, ag, and commercial banking. Overlaps with BankORION in central Illinois geography and ag lending, though at greater scale.

Regional players

• West Bank: West Bank is an Iowa-headquartered community bank with retail and commercial banking across eastern Iowa and western Illinois. Comparable in regional focus and customer mix to BankORION, though somewhat larger and more branch-dense.

Direct peers

• Country Bank (Country Bancorp): Country Bank is a privately held community bank with personal, business, mortgage, and agricultural lending services. Comparable to BankORION in operating model, asset size tier, and reliance on community banking relationships.
• Bridge Community Bank: Bridge Community Bank is an identified affiliate under the same Orion Bancorporation, Inc. holding company as BankORION. It is a community bank of similar scale serving overlapping Iowa/Illinois territory, making it the closest structural and operational peer.
• Metrobank, N.A. Metrobank is a community-focused bank serving the Quad Cities area and surrounding Illinois/Iowa markets with personal, business, and mortgage products. Directly comparable to BankORION in scale, geography, and full-service community banking model.
• Blackhawk Bank: Blackhawk Bank is a community bank serving the Quad Cities/Northwest Illinois region with consumer, business, and mortgage banking. Comparable to BankORION in size, geographic footprint, and product breadth, including branch-based retail and digital banking.
• Central Bank Illinois: Central Bank Illinois is a state-chartered community bank headquartered in the Quad Cities region offering consumer, business, and ag lending. Overlaps with BankORION's footprint and product mix, particularly the agricultural lending vertical.
• CNB Bank & Trust, N.A. CNB Bank & Trust is a central Illinois community bank offering personal, business, mortgage, and agricultural loans. Closely comparable to BankORION in customer segments served, geographic context, and community-banking operating model.
• Farmers National Bank (Iowa): Farmers National Bank is an Iowa-based community bank with agricultural lending roots serving eastern Iowa. Comparable to BankORION in regional focus, ag lending emphasis, and community-bank scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/bank_orion
• YouTubeyoutube.com/channel/UCybxCyC3Pxjc075YX8s9q8Q
• Facebookfacebook.com/BankORIONCommunityPage
• LinkedInlinkedin.com/company/bankorion

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 BankORION