Owen County State Bank

What Owen County State Bank does

Owen County State Bank (OCSB) is an FDIC-insured, state-chartered community bank headquartered in Spencer, Indiana, founded on February 4, 1933. The bank operates eight full-service banking centers across South Central Indiana, serving Owen, Monroe, Lawrence, Greene, and Knox counties. Its primary customer segments are individual consumers and local small-to-medium businesses, with product coverage spanning personal checking, savings, CDs, IRAs, mortgages, auto loans, HELOCs, and personal credit/debit cards on the consumer side, plus business checking (three tiers), business savings, SBA loans, commercial real estate and construction loans, lines of credit, and merchant services on the commercial side.

OCSB's revenue model is a traditional community bank model driven primarily by net interest income on loans and interest-bearing deposits, supplemented by transaction-based fees on business checking (per-item charges above 150 free items), savings account service fees, overdraft protection fees, credit card interchange, and a one-time Positive Pay setup fee. Pricing is tiered by account balance and transaction volume, with no publicly disclosed rate card — customers contact banking centers directly for current terms. Distribution combines 8 physical branches, FIS-powered online and mobile banking, a 24/7 telephone banking line, and third-party integrations including ZELLE, QuickBooks WebConnect, and mobile wallet support (Apple Pay, Android Pay, Samsung Pay).

Operationally, OCSB emphasizes local decision-making — all lending decisions are made locally — and community banking differentiators including over 90 years of continuous operation, relationships with Area 10 Agency on Aging and Community Action Program on affordable housing, and 80+ employees organized under President/CEO Robert E. Taylor (39 years of banking experience). The bank is affiliated with Owen Financial Corporation as a shareholder liaison entity but operates as an independent privately held institution with no disclosed PE/VC or institutional ownership.

Name

Owen County State Bank

Legal name

Owen County State Bank

Website

https://ocsbank.com

Company type

Private

Founded year

1933

Operating status

Operating

Headcount range

51–100 employees

Short description

Owen County State Bank is an FDIC-insured community bank founded in 1933, operating eight branches across South Central Indiana. It provides personal and business banking — checking, savings, loans, mortgages, and cash management — to local consumers and small-to-medium businesses, emphasizing local lending decisions and community reinvestment.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industries

Credit Cards & Revolving Credit (FSABAAAC), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking services
• Personal banking products
• Business banking loans
• Mortgage lending services
• Corporate cash management

Headquarters

HQ city

Spencer

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, Others

Revenue model

1. Interest Income: Traditional banking revenue generated from interest on loans including mortgages, personal loans, auto loans, home equity lines of credit, business loans, real estate loans, construction loans, SBA loans, and lines of credit. Interest-bearing accounts also generate revenue.
2. Business Checking Account Fees: Monthly service fees on business checking accounts. Business Checking has no monthly fee with no minimum balance. Business Interest Checking has $0 monthly fee with $5,000 average daily balance requirement, $15 if below. Business Analysis Checking features monthly earnings credit applied to reduce or eliminate fees. Transaction fees apply for items exceeding free limits.
3. Corporate Cash Management Fees: ACH Origination services, CCM Wire Requests, and Remote Deposit Capture services have associated fees. Positive Pay has a one-time $25 setup fee after which it is included in CCM fee. Merchant services provided through third-party partner with additional fees.
4. Overdraft Protection Fees: Overdraft Protection Transfer between OCSB accounts incurs transfer fees. Ready Reserve Line of Credit has interest charged on outstanding balance plus transfer fees.
5. Certificate of Deposit Interest: CDs of one year or longer require $500 minimum deposit; shorter terms require $1,000. CDs of $25,000 or more may earn higher interest rates. Early withdrawal penalties apply: 3 months interest for CDs of 1 year or less, 6 months interest for longer terms.
6. Savings Account Fees: Statement Savings has $3 monthly service fee if average daily balance falls below $200 (waived for under 25 and combined checking/savings). Choice Money Market Savings has $10 monthly service fee if minimum daily balance falls below $2,500. $10 service charge if Business Money Market average balance falls below $1,000.
7. Credit and Debit Card Revenue: Credit card products including OCSB Visa and OCSB Business Visa generate interchange fees and interest income on balances carried.
8. Merchant Services: Merchant services allowing businesses to accept debit and credit cards with quick approval and low costs, administered through third-party technology partner. Point of Sale, Mobile Solutions, Gift Cards, and Check Acceptance services available.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Owen County State Bank is a privately held, state-chartered community bank founded in 1933 that provides personal and business banking products and services across South Central Indiana. Core offerings include deposit accounts (checking, savings, CDs, IRAs), consumer and commercial lending (mortgages, personal, auto, SBA, construction, lines of credit), credit and debit cards, and digital banking channels (online, mobile, telephone, Zelle). The bank also provides corporate cash management solutions including ACH origination, wire transfers, remote deposit capture, merchant services, and Positive Pay fraud protection for business clients.

Product overview

Owen County State Bank is a community bank offering a comprehensive suite of personal and business banking products. The portfolio consists of core deposit accounts (checking, savings, CDs, IRAs), lending products (personal loans, mortgages, business loans, SBA loans, HELOCs), business cash management services (Corporate Cash Management with ACH, wire, merchant services, Remote Deposit Capture, Positive Pay), and digital banking channels (Online Banking, Mobile Banking, E-Statements, Telephone Banking, ZELLE). The bank emphasizes local decision-making and personal service across 8 banking centers in South Central Indiana. Key digital integrations include QuickBooks WebConnect for business accounting, mobile payment platforms (Apple Pay, Android Pay, Samsung Pay), and ZELLE for P2P payments.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking accounts including Kasasa Cash Back rewards checking, offered to individual consumers in South Central Indiana with features such as enhanced card controls via the OCSB mobile app.
• Personal Savings Savings accounts for individuals including Kasasa Saver, Statement Savings, Choice Money Market Savings, and Christmas Club Savings, each with tiered fees and minimum balance requirements.
• Certificates of Deposit (CDs) FDIC-insured fixed-rate savings certificates with terms ranging from 3 months to 5 years, minimum deposits of $500-$1,000, and tiered rates for balances of $25,000 or more.
• Individual Retirement Accounts (IRAs) Retirement savings accounts including Traditional IRA and Roth IRA options with tax benefits and competitive interest rates, offered to individual consumers.
• Personal Loans Personal financing including mortgages for home purchases or refinancing, personal and auto loans for vehicles and appliances, home equity lines of credit (HELOC), and Ready Reserve overdraft protection line for individual borrowers.
• Credit & Debit Cards OCSB Visa and OCSB Business Visa credit cards plus debit cards with fraud protection, transaction notifications, and enhanced card controls through the OCSB mobile app including Card Freeze, Spend Limit, and Travel Notices.
• Business Checking Business checking accounts offered in three variants: Business Checking for low transaction volume, Business Interest Checking for higher balances with lower transactions, and Business Analysis Checking for high volume businesses with monthly earnings credits applied to reduce fees.
• Business Money Market Savings Savings account designed for businesses wanting to save for future needs, offering higher interest rates for higher balances with a tiered interest structure and $1,000 average balance minimum to avoid service charge.
• Business Loans Business financing products including Real Estate Loans for purchasing land or commercial property, Construction Loans, Lines of Credit for working capital, and SBA Loans for starting or expanding businesses.
• Corporate Cash Management (CCM) Comprehensive cash management platform for businesses offering CCM Basic with 24/7 online account access, ACH Origination, ACH Batch, ACH Send File (NACHA-formatted file processing), Wire Requests, Dual Authorization, Remote Deposit Capture, Merchant Services, and Positive Pay fraud protection.
• Online Banking & Bill Pay 24/7 online account access with one-stop access to all accounts, fund transfers between accounts, QuickBooks WebConnect export, Bill Pay service, E-Statements, text alerts, and transaction viewing.
• OCSB Mobile Banking Mobile banking app available on Android and iOS with account access, fund transfers, text alerts, Mobile Pay (Android Pay, Apple Pay, Samsung Pay), Remote Check Deposit, People Pay, and Savvy Money credit score checking.
• E-Statements Electronic statement delivery providing faster access, easier storage and search, enlarged check image viewing, and environmental benefits over paper statements. Available through online banking enrollment.
• BankLine Telephone Banking Automated telephone banking service available 24/7 for deposit and loan account balance inquiries, deposit and check verification, and fund transfers between accounts via toll-free number (800) 684-3168.
• ZELLE Person-to-person payment service integrated into E-Banking for sending money to friends and family.
• Merchant Services Merchant services allowing businesses to accept debit and credit cards with quick approval, administered through a third-party technology partner. Point of Sale, Mobile Solutions, Gift Cards, and Check Acceptance services available.

Quantifiable outcome

• Local decision-making enables flexible financing and quick loan approvals
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core, minor and strategic.

• FIScoreTechnology or IntegrationFIS provides the core Online Banking technology platform for OCSB. FIS has implemented secure internet firewall and network security technologies including SSL encryption with 128-bit keys, encrypted logon sessions, and protected data servers behind firewalls with mirrored drive arrangements and UPS backup systems.
• Owen Financial CorporationcoreOthersOwen Financial Corporation is the parent company of Owen County State Bank. Listed in Privacy Policy as an affiliate under common ownership or control.
• Checking Benefits CompaniesminorGTM or Marketing PartnerJoint marketing partners included in Privacy Policy disclosure, marketing financial products or services to customers.
• Credit Life Insurance CompaniesminorGTM or Marketing PartnerJoint marketing partners included in Privacy Policy disclosure, marketing financial products or services to customers.
• Area 10 Agency on AgingstrategicStrategic or Co-development PartnerCommunity partnership to assess and address county needs in housing, health and safety, education and infrastructure. Together with Area 10 Agency on Aging, the Bank provided funds to purchase ground, construction loans and a long-term mortgage for a 24-unit low-income elderly housing facility.
• Community Action ProgramstrategicStrategic or Co-development PartnerCommunity partnership for housing programs. Owen County State Bank financed at a discount 12 homes to be renovated for rent or purchase to low-income families.

Scale indicators6 records

Recent moves13 records

Expansion highlights5 records

Broad incumbents

• Old National Bank: Indiana-based regional bank with full-service retail and commercial banking; a broader incumbent offering a wider portfolio but overlaps with OCSB in South Central Indiana deposit and SMB markets.
• First Financial Bank (Indiana): Indiana-anchored regional bank with full-service retail, commercial and wealth capabilities; a broader competitor with overlapping branches and treasury services in OCSB's geography.
• Fifth Third Bank: Large regional bank with a major presence in Indiana and across the Midwest, offering retail deposits, mortgages, business banking and treasury services; competes with OCSB at the consumer and SMB tier.

Direct peers

• Centier Bank: Indiana-headquartered community bank with a regional branch network offering consumer and commercial banking products; mirrors OCSB's community-led approach and broad product set.
• MutualBank: Indiana-based mutual community bank providing consumer and business banking, mortgages and cash management; comparable in size and community orientation, with overlap in Indiana markets.
• MainSource Financial Group (now part of First Financial): Indiana community bank with personal and business banking services across south-central Indiana, including the Monroe/Greene counties overlapping OCSB's footprint.
• German American Bank: Indiana-headquartered regional community bank with comparable retail and commercial banking services, multiple branches, and a similar community-focused relationship lending model across Indiana.
• Lake City Bank: Indiana-based community bank operating through multiple branches, providing personal and business banking, mortgages, and treasury management; highly comparable in scale and franchise philosophy to OCSB.
• 1st Source Corporation: Indiana-based bank holding company serving consumer and business clients with branches across northern Indiana; comparable in product breadth and relationship banking emphasis.
• Horizon Bank: Indiana and Michigan community bank providing personal banking, business banking, mortgages and treasury management; comparable footprint and community bank model to OCSB.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/owencountystatebank
• LinkedInlinkedin.com/company/owen-county-state-bank
• Instagraminstagram.com/ocsbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 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 Owen County State Bank