The State Bank of Geneva
The State Bank of Geneva is a privately held, single-branch community bank founded in 1903 in Geneva, Illinois, serving Fox Valley individuals and small businesses with deposit accounts, consumer and commercial lending, and trust and wealth management services, supported by an FIS-licensed online and mobile banking platform.
- Company typePrivate
- Founded1903
- HeadquartersGeneva, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What The State Bank of Geneva does
The State Bank of Geneva is a privately held community bank founded in 1903 and headquartered in a single location at 22 South Fourth Street in downtown Geneva, Illinois. It operates as the longest continuously operating community bank in the Fox Valley region, serving individual consumers and local small businesses through deposit accounts, consumer and commercial lending (personal loans, home equity lines and loans, business loans, lines of credit), and a Trust & Wealth Management department established in 1971. Revenue is generated primarily through net interest income on loans and a secondary stream of deposit, transaction, trust-administration, and investment-management fees.
The bank's operating model is 'relationship banking' delivered in-person at the branch, supplemented by a digital channel stack licensed primarily from FIS: SBG Online Banking, an iOS/Android mobile banking application, Remote Deposit Capture (consumer limits of $5,000 per item and per day), Bill Pay, electronic statements, SMS text banking, and biometric login (FaceID/TouchID). Card products include an SBG debit card with access to 45,000+ surcharge-free ATMs via the STAR*sf and MoneyPass networks, Apple Pay digital wallet support, and a Visa Platinum credit card originated through third-party provider CommonSense Lenders. Trust services cover revocable and irrevocable living trusts, estate administration, executor and guardianship services, IRA/401K rollovers, investment management, custodial accounts, charitable and life insurance trusts, and Illinois land trusts, staffed by officers averaging more than 20 years of combined legal and investment experience.
Go-to-market is direct-to-consumer and direct-to-SMB, primarily within the Fox Valley area and the broader Illinois market. Distribution is concentrated at the single Geneva branch, plus in-person Relationship Banking for business account enrollment, ACH, and trust/wealth onboarding. The bank is independently owned, with no parent holding company or external institutional investors disclosed. Leadership transitioned on January 1, 2020, when Rick Razum was promoted to President and CEO after twelve years as First Vice President of Business Development and Information Technology, succeeding Christopher P. Barton; Gregg Nelson serves as Chairman of the Board.
The State Bank of Geneva firmographics
Firmographics- Name
- The State Bank of Geneva
- Legal name
- The State Bank of Geneva
- Website
- https://sbgeneva.com
- Company type
- Private
- Founded year
- 1903
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The State Bank of Geneva is a privately held, single-branch community bank founded in 1903 in Geneva, Illinois, serving Fox Valley individuals and small businesses with deposit accounts, consumer and commercial lending, and trust and wealth management services, supported by an FIS-licensed online and mobile banking platform.
- Ownership category
- akta.pro rank
The State Bank of Geneva industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Corporate Cash Management & Treasury ACH (FSAMAGAG)
- akta.pro secondary industries
- Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG)
Keywords
Where The State Bank of Geneva is headquartered
LocationHeadquarters
- HQ city
- Geneva
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
The State Bank of Geneva business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others
Revenue model
- Interest Income from Lending: The bank generates revenue primarily through interest earned on loans including personal loans, home equity loans/lines, business loans, and commercial loans. Interest rates are competitive and fixed for borrower certainty.
- Deposit Account Fees: Fee income from various deposit account services including maintenance fees, transaction fees, and overdraft charges.
- Trust and Wealth Management Services: Revenue from administering trusts, estates, and managing investment accounts. Services include revocable/irrevocable trusts, estates, guardianships, IRAs, investment management, and custodial accounts.
- Online and Mobile Banking Services: Bill Pay service provided free for personal and small business accounts, with potential fees for stop payments, check copies, research, and other ancillary services.
- Remote Deposit Capture: Mobile check deposit service with deposit limits: $5,000 per item, $5,000 daily limit, 10 items daily, $15,000 per 5-day period.
- Credit Card Services: Visa Platinum credit card offerings with worldwide acceptance and various benefits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal Banking - Core deposit accounts offered at no monthly fee with full service access |
| Subscription | Monthly | Business Banking - Checking and deposit accounts for business customers |
| Subscription | Monthly | Trust and Wealth Management - Professional trust administration and investment management |
| Unit Pricing | Pay-as-you-go | Remote Deposit Capture Limits |
| Unit Pricing | Pay-as-you-go | Bill Pay Payment Limits |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels8 records
The State Bank of Geneva product offering
Product offeringCore offering
The State Bank of Geneva is a locally owned community bank in Geneva, Illinois, offering personal deposit accounts, personal loans and home equity lending, business deposit accounts, commercial loans and cash management, plus a Trust & Wealth Management department administering trusts, estates, and investment accounts. Digital delivery is provided through SBG Online Banking, a mobile banking app, remote deposit capture, bill pay, and biometric authentication, complemented by access to 45,000+ surcharge-free ATMs.
Product overview
The State Bank of Geneva is a locally owned community bank serving Geneva, Illinois since 1903. Its product portfolio is organized into two core service lines — Personal Banking (checking, savings, debit cards, personal loans, and home equity products) and Business Banking (deposit accounts, commercial loans, and cash management) — supplemented by a Trust & Wealth Management division. Digital banking services are delivered through SBG Online Banking as the central platform, with a companion SBG Mobile Banking App (iOS/Android) for account access, balance inquiries, and fund transfers. Bill Pay is integrated into the online and mobile platforms. Additional digital add-on modules include Remote Deposit Capture for mobile check deposits, FaceID/TouchID biometric login, Apple Pay digital wallet integration, SMS Text Banking, Electronic Statements, and debit card alerts. The bank also provides Visa Platinum credit cards through a third-party provider, home equity lines and loans, money market accounts, statement savings accounts, and a surcharge-free ATM network via the STAR® and MoneyPass® networks. Trust services span revocable and irrevocable living trusts, estate administration, IRA rollovers, investment management accounts, custodial accounts, and Illinois land trusts.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Banking Core personal banking offering covering personal deposit accounts (checking, statement savings, money market), debit cards, personal loans for vehicles, CD-secured borrowing, and check overdraft protection for individual consumers in the Fox Valley area.
- Business Banking
Quantifiable outcome
- 115+ years of continuous operation as longest continuous community bank in Fox Valley
Companies that use The State Bank of Geneva
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
The State Bank of Geneva technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature7 records
The State Bank of Geneva partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FIS MobilecorePrimary technology partner and licensor for mobile banking services. FIS Mobile provides the mobile banking application platform enabling SBG Mobile Banking for iPhone and Android devices. The licensing agreement covers mobile banking, text banking, and mobile deposit capture functionality.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
The State Bank of Geneva competitors and assessment
Company assessmentDirect peers
- Busey Bank: Illinois-headquartered community bank offering personal banking, business banking, and wealth management across central and suburban Illinois. Comparable community-bank model with similar product breadth including trust services.
- Byline Bancorp: Chicago-based community banking holding company operating Byline Bank, focused on small business lending and traditional community banking in Illinois. Comparable community-bank business model with broader branch network.
- Heartland Bank and Trust Company: Community bank based in Bloomington, Illinois, providing commercial, agricultural, and personal banking plus wealth management. Comparable Illinois community-bank franchise with similar relationship-based lending focus.
- Town & Country Bank: Illinois community bank with branches across central Illinois, offering personal banking, business lending, and trust services. Similar private community-bank structure and product set.
- Inland Bank and Trust: Community-oriented Illinois bank with personal, business, and trust services, serving Chicago-area suburbs. Similar community-bank focus with comparable product menu including wealth management.
- Old Second National Bank: Community bank headquartered in Aurora, Illinois, serving the western Chicago/Fox Valley suburbs with personal, business, and wealth management services. Directly comparable in geography and product mix to The State Bank of Geneva.
- Cornerstone National Bank & Trust Company: Illinois community bank offering personal banking, business banking, and trust/investment services in suburban Chicago. Closely comparable in scale, community-bank structure, and trust offerings.
Broad incumbents
- First Midwest Bancorp (Old National Bank): Large Midwestern bank holding company with deep Illinois presence, offering full banking and wealth services. Comparable product set to The State Bank of Geneva but operates at much greater scale as a regional incumbent.
- Wintrust Financial: Large Chicago-area community banking holding company operating numerous community bank charters across Illinois and Wisconsin. Comparable community-bank approach but at significantly larger scale and broader footprint.
Regional players
- St. Charles Bank & Trust: Community bank serving the western Chicago suburbs including the Tri-Cities area adjacent to Geneva, Illinois. Highly comparable as a Fox Valley community bank with personal, business, and wealth management services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
The State Bank of Geneva social profiles
Digital presenceThe State Bank of Geneva financial estimates
Financial estimateRevenue estimate
Valuation estimate
The State Bank of Geneva leadership team
Management profileNumber of profiles
Profiles3 records
The State Bank of Geneva funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The State Bank of Geneva 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 The State Bank of Geneva
What does The State Bank of Geneva do?
The State Bank of Geneva is a locally owned community bank in Geneva, Illinois, offering personal deposit accounts, personal loans and home equity lending, business deposit accounts, commercial loans and cash management, plus a Trust & Wealth Management department administering trusts, estates, and investment accounts. Digital delivery is provided through SBG Online Banking, a mobile banking app, remote deposit capture, bill pay, and biometric authentication, complemented by access to 45,000+ surcharge-free ATMs.
Is The State Bank of Geneva a public or private company?
The State Bank of Geneva is a private company. It is classified as unknown and is currently operating.
When was The State Bank of Geneva founded?
The State Bank of Geneva was founded in 1903. It employs 11 to 50 people.
Where is The State Bank of Geneva based?
The State Bank of Geneva is headquartered in Geneva, United States, in the North America region.
How does The State Bank of Geneva make money?
Six revenue lines are on record. Interest Income from Lending is the primary driver. The others are deposit Account Fees, trust and Wealth Management Services, online and Mobile Banking Services, remote Deposit Capture and credit Card Services.
Who are The State Bank of Geneva's main competitors?
Direct peers on record are Busey Bank, Byline Bancorp, Heartland Bank and Trust Company, Town & Country Bank, Inland Bank and Trust, Old Second National Bank and Cornerstone National Bank & Trust Company. Broad incumbents are First Midwest Bancorp (Old National Bank) and Wintrust Financial. St. Charles Bank & Trust is listed as a regional player.
Does The State Bank of Geneva have an API?
No public API is recorded for The State Bank of Geneva.
What industry is The State Bank of Geneva in?
The State Bank of Geneva's product category is Community Banking. Its primary akta.pro industry code is FSAMAGAG, Corporate Cash Management & Treasury ACH, with a secondary code of FSAMAFAC, Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant). Its NAICS code is 52211 and its SIC code is 6022.