Clare Bank
Clare Bank, N.A. is a privately held community bank headquartered in Platteville, Wisconsin, operating eight branches across Southwest Wisconsin. It provides personal checking, savings, and lending, plus business and agricultural loans, to households, small businesses, and farmers in its regional market.
- Company typePrivate
- Founded1905
- HeadquartersPlatteville, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Clare Bank does
Clare Bank, N.A. is a privately held community bank headquartered in Platteville, Wisconsin, operating eight branch locations across Grant and Lafayette Counties in Southwest Wisconsin. Founded in 1905 as the State Bank of Platteville and rebranded to Clare Bank, the institution has operated continuously in the region for over 120 years and serves personal, small business, and agricultural customers through in-branch and digital channels.
The bank's product portfolio spans deposit products (Regular Checking, NOW Account, Money Market Checking, Money Market Account, Premium Money Market Account, Regular Savings, and Certificates of Deposit across terms from 91 days to 60 months), consumer lending (single-pay notes, installment loans, vehicle/boat/RV secured loans, mortgage loans including in-house balloon and fixed products, and home equity lines), commercial lending (business real estate balloon loans, equipment loans, SBA guaranteed loans), and agricultural lending (ag real estate balloon loans, equipment/livestock/operating loans, operating lines of credit, and FSA-guaranteed farm ownership and operating loans). Digital infrastructure consists of an online banking platform with 128-bit SSL and AES-256 encryption, a CheckFree bill pay system launching in January 2026, an online mortgage application portal, and ATM/debit card services. The bank is FDIC-insured and designated an Equal Housing Lender.
Clare Bank generates revenue primarily through net interest spread on its loan portfolio (mortgages, consumer, commercial, and agricultural) and CD interest spread, supplemented by recurring deposit account service charges and fees (e.g., $5/month on NOW and basic Money Market accounts, per-check and per-withdrawal fees on Money Market accounts, and minimum balance fees on Premium Money Market below $25,000). The go-to-market motion is relationship-based community banking delivered through the eight-branch footprint (four with drive-up facilities), supported by a website with online product, rate, and application access. Customer segments are segmented vertically by use case across personal banking, business banking, and agricultural lending, with no disclosed pricing tiers or account-level pricing above the published deposit and loan rate sheets.
Clare Bank firmographics
Firmographics- Name
- Clare Bank
- Legal name
- Clare Bank, N.A.
- Website
- https://clarebank.com
- Company type
- Private
- Founded year
- 1905
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Clare Bank, N.A. is a privately held community bank headquartered in Platteville, Wisconsin, operating eight branches across Southwest Wisconsin. It provides personal checking, savings, and lending, plus business and agricultural loans, to households, small businesses, and farmers in its regional market.
- Ownership category
- akta.pro rank
Clare Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
Keywords
Where Clare Bank is headquartered
LocationHeadquarters
- HQ city
- Platteville
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Clare Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income on Loans: The bank earns interest income from various loan products including mortgages, consumer loans, home equity loans, business loans, and agricultural loans. Interest rates vary by product type and term.
- Deposit Account Fees: Monthly service charges and fees on deposit accounts including NOW accounts ($5/month plus $0.20 per check), money market accounts ($5/month service charge, $0.25 per withdrawal), and premium money market accounts ($20/month minimum balance fee if below $25,000).
- Certificate of Deposit Interest Spread: The bank offers CDs with varying terms (91 days to 60 months) and pays interest while earning spread on lending activities. Current rates range from 0.05% to 3.50% APY depending on term and balance tier.
- Bill Pay Services: Online bill pay service with new CheckFree system launching in January 2026.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Certificate of Deposit - 91 Day term |
| Subscription | Pay-as-you-go | Certificate of Deposit - 6 Month term |
| Subscription | Pay-as-you-go | Certificate of Deposit - 9 Month Special |
| Subscription | Pay-as-you-go | Certificate of Deposit - 18 Month Special |
| Subscription | Pay-as-you-go | Certificate of Deposit - 21 Month term |
| Subscription | Monthly | Money Market Checking |
| Subscription | Monthly | Money Market Account |
| Subscription | Monthly | Premium Money Market Account |
| Subscription | Monthly | NOW Account |
| Subscription | Quarterly | Regular Savings |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Clare Bank product offering
Product offeringCore offering
Clare Bank is a community bank in Southwest Wisconsin, founded in 1905 as State Bank of Platteville, that provides deposit accounts, consumer loans, mortgages, business banking, and agricultural lending. It supplements its in-branch service with online banking, virtual banking, mobile banking, eStatements, and CheckFree bill pay delivered across 8 branch locations.
Product overview
Clare Bank is a community bank offering a unified portfolio of personal and business banking products. Personal banking includes multiple checking and savings account options (Regular Checking, Now Account, Money Market variants, Regular Savings, Certificates of Deposit), consumer loans, mortgage loans including in-house and secondary market options, and home equity loans. Business services encompass Business Loans and specialized AG Lending for agricultural customers. Digital services include Online Banking, CheckFree Bill Pay (launching January 2026), and ATM/Debit Cards. The bank operates 8 branch locations across Southwest Wisconsin.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal checking accounts Transaction deposit accounts for individual consumers and households, used for daily spending, deposits, and bill payment.
- Personal savings accounts Interest-bearing deposit accounts for individuals and households to hold savings.
- Mortgage loans Home loan financing for consumers, including in-house mortgage processing for local decision-making.
- Consumer loans Personal credit products for individual borrowers, covering general consumer financing needs.
- Business banking accounts Operating and deposit accounts for small and medium-sized businesses in Southwest Wisconsin.
- Business loans Credit facilities and commercial loans for small and medium-sized businesses, processed locally.
- Agricultural lending Specialized loans and credit for farming operations, including crop, livestock, and equipment financing, tailored to agricultural cycles.
- Online banking Secure online portal for customers to access accounts, view transactions, and initiate banking activities.
- Mobile banking Mobile access to banking services for on-the-go account management.
- Virtual banking (vbanking) Virtual banking offering enabling customers to perform banking activities remotely without visiting a branch.
- CheckFree bill pay Online bill payment service for customers to pay recurring bills from their bank accounts.
- eStatements Electronic delivery of periodic bank statements to customers via online banking.
- ILC cash management Treasury and cash management services for business banking customers to manage operating cash flow.
- Surcharge-free ATM network access Access to a wider ATM network allowing customers to withdraw cash without surcharges beyond Clare Bank's branches.
Companies that use Clare Bank
Customer profileSegments3 records
Ideal customer profiles2 records
Clare Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Clare Bank partnerships and signals
Strategic signalScale indicators2 records
Recent moves3 records
Expansion highlights3 records
Clare Bank competitors and assessment
Company assessmentDirect peers
- Nicolet National Bank: Wisconsin-headquartered community and commercial bank with branch-led distribution across northern and northeastern Wisconsin. Comparable because it serves similar retail and SMB banking needs via a community-bank model targeting Wisconsin households and small businesses.
- Johnson Financial Group (Johnson Bank): Privately held Wisconsin-based community bank operating multiple branches across the state. Comparable because it shares a regional Wisconsin community-banking model, deposit/loan franchise mix, and relationship-driven underwriting culture with Clare Bank.
- North Shore Bank: Wisconsin community bank with branch network focused on personal and small-business banking. Comparable because it operates a similar size and footprint-scale community-banking platform serving Wisconsin consumers, businesses, and mortgage lending.
- First Business Bank: Wisconsin-based commercial bank focused on business banking and specialty lending. Comparable because of its shared Wisconsin geography and business/SMB lending emphasis that parallels Clare Bank's Business Banking segment.
- Blackhawk Bancorp: Wisconsin community bank holding company serving southern Wisconsin with branch-based retail and commercial banking. Comparable because its footprint, scale, and community-bank service mix closely mirror Clare Bank's eight-branch Southwest Wisconsin profile.
- Town Bank: Wisconsin-headquartered community bank with branches across the Milwaukee metro and southeastern Wisconsin. Comparable because of its similar community-bank operating model covering personal and small-business banking needs in Wisconsin.
- Waukesha State Bank: Wisconsin-based independent community bank with branch-based retail and commercial banking. Comparable because it shares a similar Wisconsin community-bank footprint, deposit/lending mix, and customer profile to Clare Bank.
- Commerce State Bank: Wisconsin-based community bank focused on commercial and retail banking. Comparable because of its overlapping Wisconsin geography, similar scale, and community-bank delivery model.
Broad incumbents
- Associated Banc-Corp (Associated Bank): Large Wisconsin-headquartered regional bank with extensive branch and commercial-banking operations across the upper Midwest. Comparable because it serves the same Wisconsin retail, business, and ag customers as Clare Bank but at substantially greater scale and geographic breadth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Clare Bank social profiles
Digital presenceClare Bank compliance and trust
Trust signalCompliance2 records
Clare Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clare Bank leadership team
Management profileNumber of profiles
Clare Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clare Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clare Bank
What does Clare Bank do?
Clare Bank is a community bank in Southwest Wisconsin, founded in 1905 as State Bank of Platteville, that provides deposit accounts, consumer loans, mortgages, business banking, and agricultural lending. It supplements its in-branch service with online banking, virtual banking, mobile banking, eStatements, and CheckFree bill pay delivered across 8 branch locations.
Is Clare Bank a public or private company?
Clare Bank is a private company. It is classified as unknown and is currently operating.
When was Clare Bank founded?
Clare Bank was founded in 1905. It employs 11 to 50 people.
Where is Clare Bank based?
Clare Bank is headquartered in Platteville, United States, in the North America region.
How does Clare Bank make money?
Four revenue lines are on record. Interest Income on Loans are the primary driver. The others are deposit Account Fees, certificate of Deposit Interest Spread and bill Pay Services.
Who are Clare Bank's main competitors?
Direct peers on record are Nicolet National Bank, Johnson Financial Group (Johnson Bank), North Shore Bank, First Business Bank, Blackhawk Bancorp, Town Bank, Waukesha State Bank and Commerce State Bank. Associated Banc-Corp (Associated Bank) is listed as a broad incumbent.
Does Clare Bank have an API?
No public API is recorded for Clare Bank.
What industry is Clare Bank in?
Clare Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks). Its NAICS code is 522110 and its SIC code is 6021.