Raccoon Valley Bank

Name

Raccoon Valley Bank

Legal name

RACCOON VALLEY BANK

Website

https://raccoonvalleybank.com

Company type

Private

Founded year

1914

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Adel

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Deposit Account Fees: Monthly service fees on checking and savings accounts, with requirements to avoid fees based on minimum balance thresholds
2. Loan Interest: Interest income from mortgage loans, commercial loans, agricultural loans, and consumer loans including auto, recreational vehicle, and personal loans
3. Credit Cards: Credit card products issued through Elan Financial Services partnership
4. Treasury Management Services: Fees for ACH processing, Positive Pay fraud protection, Remote Deposit Capture, and merchant services
5. Investment Products: IRA accounts and investment services including Traditional, Roth, Coverdell ESA, SEP IRA, and SIMPLE IRA products

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Raccoon Valley Bank is a community bank providing deposit accounts, consumer and mortgage loans, agricultural and commercial lending, and treasury management services to individuals, families, businesses, and farmers across Central Iowa. It operates four branch locations in Adel, Dallas Center, Grimes, and Perry, supplemented by Fiserv-powered online and mobile banking channels. The bank is owned by the Garst family and emphasizes local decision-making and relationship banking.

Product overview

Raccoon Valley Bank is a community bank offering a comprehensive suite of banking products and services across four Central Iowa locations (Adel, Dallas Center, Grimes, and Perry). The product portfolio is organized into three main pillars: Personal Banking (checking accounts including Hometown Free Checking, Hometown Checking, and Hometown Checking Plus; savings accounts and CDs including Junior Savers, Regular Savings, and Insured Money Market; credit cards; and consumer loans), Business Banking (business checking, interest-bearing accounts, commercial and agricultural lending, and Treasury Management services), and Online/Mobile Services (Online Banking, Mobile Banking with Card HQ controls, Digital Wallets supporting Apple Pay/Google Pay/Samsung Pay, and ID TheftSmart protection). Treasury Management represents the bank's commercial digital banking layer, featuring Online Treasury Management with QuickBooks integration, ACH processing, Positive Pay fraud protection, Remote Deposit Capture, Business Credit Cards, and Merchant Services. The bank also offers specialized lending including conventional and government mortgage programs, home equity products, agricultural loans, and SBA financing. Additional services include Round Up Savings automation, IRAs, financial planning calculators, and free community facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Tiered personal checking accounts with online and mobile banking access, eStatements, debit cards, and minimum-balance waivers of monthly service fees. Designed for individual consumers and families managing daily spending and household finances.
• Savings Accounts and CDs FDIC-insured savings products with tiered interest rates on collected balances, ATM card availability, and time-deposit CDs with competitive interest rates and early withdrawal penalties. Targeted at personal savers, youth savers, and consumers building emergency or long-term savings.
• Personal Credit Cards Personal Visa credit cards issued through a partnership with Elan Financial Services, providing zero fraud liability protection and 24/7 cardmember service for individual consumers.
• Mortgage Loans Conventional, government-backed, and home equity mortgage products with fixed-rate terms, first-time homebuyer programs, and construction financing for individual homeowners and homebuyers in Central Iowa.
• Consumer Loans Personal installment loans for auto purchases, recreational vehicles, boats, and general financial needs, with quick local underwriting decisions for individual borrowers.
• Agricultural Loans Specialized agricultural lending for Iowa farm operations including crop input loans, operating lines of credit, livestock loans, farm real estate, equipment financing, FSA-guaranteed loans, grain bin financing, and capital improvements.
• Business Loans Commercial lending products including equipment purchase and lease financing, real estate construction, commercial real estate, lines of credit, letters of credit, working capital, and SBA loans, with same-day local decision-making for small and mid-sized businesses.
• Online Treasury Management Business online banking platform with multi-factor authentication, employee administrative controls, QuickBooks integration, and automatic sweep transfers for fund movement. Designed for small and mid-sized business clients.
• ACH (Automatic Clearing House) Services Electronic payment processing for businesses enabling direct deposit payroll, consumer receipt collection, vendor payments, and unlimited monthly transactions through the ACH network.
• Positive Pay Fraud Protection Fraud mitigation service that compares issued check and ACH records against presented transactions, reporting discrepancies through Business Online Banking to detect fraudulent activity.
• Remote Deposit Capture Remote check deposit service allowing business clients to scan and submit paper check images via a bank-provided scanner for electronic deposit into their business account.
• Business Credit Cards Corporate credit card program offering cash back or points rewards with a SpendTrack online management console for issuing employee cards and configuring spending controls.
• Merchant Services Credit card payment acceptance and processing for merchants, offered through Professional Solutions Financial Services with competitive rates, PCI compliance, 24/7 support, and point-of-sale equipment.
• Online Banking 24/7 web-based banking platform for account viewing, transfers, bill payment, eStatements, check reordering, and external account transfers for personal banking customers.
• Mobile Banking Fiserv-powered smartphone and tablet application providing account access, fund transfers, bill payment, mobile check deposit, and Card HQ card management with on/off toggling, spending limits, and transaction alerts. Available on iOS and Android.
• Digital Wallet Support Tokenization support for Apple Pay, Google Pay, and Samsung Pay, allowing customers to add Raccoon Valley Bank debit or credit cards to compatible smart devices for contactless mobile payments.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement accounts offered to individual customers, including Traditional IRA, Roth IRA, Coverdell Education Savings Account, SEP IRA, and SIMPLE IRA products.
• ID TheftSmart Identity Protection Subscription identity theft protection service offering credit monitoring with alerts for new accounts, inquiries, delinquencies, and address changes, plus idlNTEGRITY dark web scanning. Available in adult monitoring, adult + identity protection, and child monitoring tiers.

Quantifiable outcome

• Local loan decisions made same day for most business loan applications
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• FiservcoreTechnology or IntegrationMobile banking application powered by Fiserv technology platform, providing core mobile banking infrastructure including account access, transfers, and mobile check deposit capabilities
• Professional Solutions Financial ServicescoreTechnology or IntegrationCredit card processing through local vendor offering debit and credit card payment acceptance for merchant services with competitive rates and 24/7 support
• MoneyPasscoreTechnology or IntegrationATM network partnership allowing Raccoon Valley Bank customers to use any MoneyPass ATM without surcharge fees
• Elan Financial ServicescoreTechnology or IntegrationCredit card issuance partnership through Elan Financial Services providing Visa credit cards with zero fraud liability protection and 24/7 cardmember service
• Iowa Bankers AssociationminorStrategic or Co-development PartnerPartnership with Iowa PBS for annual pledge drive called Festival. Bankers volunteer to answer pledge phones and help raise funds for public television network. Partnership has existed for 28 years.

Scale indicators3 records

Recent moves17 records

Expansion highlights4 records

Direct peers

• Bank Iowa: Iowa-headquartered community bank with comparable branch-based retail and business banking across the state. Competes for similar small business, agricultural, and consumer relationships in overlapping Central and Western Iowa geographies.
• MidWestOne Bank: Iowa-headquartered community bank offering a similar suite of personal, commercial, and ag lending products. Overlaps in Iowa markets and competes for the same small business and consumer customer segments.
• West Bank: Iowa-based community bank headquartered in West Des Moines with a similar mix of personal, business, and ag lending. Competes in the same Des Moines metro and surrounding counties where Raccoon Valley Bank's Grimes branch operates.
• Two Rivers Bank & Trust: Iowa-based community bank offering comparable deposit, consumer lending, and small business banking. Similar asset scale and community bank operating model in overlapping Iowa geographies.
• Hills Bank: Iowa City-headquartered community bank with a parallel footprint of personal, business, and agricultural banking products. Comparable community bank scale, ownership stability, and Eastern Iowa/Central Iowa deposit-gathering model.
• Home State Bank: Sister bank also owned by the Garst family of Coon Rapids, Iowa, operating as an independent community bank in Jefferson, Iowa. Shares ownership, family stewardship, agricultural lending focus, and Iowa community banking model, making it the closest possible comparable.

Emerging players

• Farm Credit Services of America: Large agricultural lending cooperative serving Iowa, Nebraska, South Dakota, and Wyoming. Directly competes with Raccoon Valley Bank's agricultural loan portfolio in crop, livestock, and farm real estate financing across Iowa.

Regional players

• Availa Bank: Iowa-headquartered community bank with comparable community banking products and agricultural lending focus. Operates in Iowa and adjacent markets with similar asset scale and customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rvbiowa
• Facebookfacebook.com/243112972393998
• LinkedInlinkedin.com/company/raccoonvalleybank
• Instagraminstagram.com/raccoonvalleybank/?hl=en

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Raccoon Valley Bank