Hiawatha National Bank

What Hiawatha National Bank does

Hiawatha National Bank (HNB) is an OCC-chartered, FDIC-insured community bank headquartered in Glenwood City, Wisconsin. The institution traces its origin to the First Bank of Glenwood, founded on January 3, 1896, and has been owned by the Oskey family since 1965. It adopted the Hiawatha National Bank name in 1998 to reflect the Hiawatha Valley region of western Wisconsin. HNB operates eight physical locations — Glenwood City (headquarters), Hager City, Maiden Rock, Osceola, Hudson (two branches), Plymouth, and a loan production office in Eau Claire — serving consumers, small-to-medium businesses, agricultural operators, and home buyers through relationship-based community banking.

HNB's product portfolio covers personal banking (Choice Checking, Interest Checking, Premium Interest Checking, Statement Savings, Premium Savings, HNB Money Market, Christmas Club, Certificates of Deposit with terms from 3 to 60 months, Health Savings Accounts, Traditional and Roth IRAs, vehicle loans, home equity lines of credit, second mortgages, recreational vehicle loans, land loans, and Ready Reserve overdraft protection), business banking (Small Business Checking, Commercial Checking with earnings credits, Business Statement Savings, Business Money Market, Business Line of Credit, Commercial Real Estate Loans, Equipment Loans, SBA Guaranteed Loans, Agriculture Loans, Remote Deposit Capture, Cash Management with ACH origination, and Night Depository), and mortgage lending (Conventional Fixed Rate, WHEDA, FHA, VA, Construction-to-Permanent, and Home Equity Lines). The underlying technology stack is standard industry infrastructure: an online banking platform with 24/7 account access, native iOS and Android mobile applications with mobile deposit and card control, ACH origination through Cash Management, the H-Pay bill payment service, and integrations with Apple Pay, Google Pay, Samsung Pay, the Visa network, and ShareFile for secure loan document upload.

HNB generates revenue through net interest income on its loan portfolio (commercial real estate, equipment, agricultural, residential mortgage, home equity, vehicle, and consumer installment loans) and the spread between deposit and lending rates, supplemented by transaction-based fee income (monthly maintenance charges, overdraft fees, ATM transaction fees, wire transfer fees, cashier's check fees, notary services, safe deposit box rental, and commercial account analysis fees). Go-to-market is sales-led, anchored by branch-based relationship banking with local decision-making and assigned personal bankers, supplemented by digital self-serve channels (online, mobile, telephone banking via Telebank, and ATM network). The bank holds an OCC national charter and FDIC insurance up to $250,000 per depositor, is an Equal Housing Lender, and complies with USA PATRIOT Act identity verification requirements.

Name

Hiawatha National Bank

Legal name

Hiawatha National Bank

Website

https://hnbank.com

Company type

Private

Founded year

1896

Operating status

Operating

Headcount range

1–10 employees

Short description

Hiawatha National Bank is a privately-held, FDIC-insured community bank chartered by the OCC and serving consumers, small-to-medium businesses, agricultural customers, and home buyers across western Wisconsin through eight branch locations, a loan production office, and digital channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL)

Keywords

• Community banking services
• Retail banking
• Commercial lending
• Mortgage lending
• Agricultural loans

Headquarters

HQ city

Hager City

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

Revenue model

1. Interest Income from Lending: Traditional bank revenue from interest earned on loans including commercial real estate, equipment loans, agricultural loans, residential mortgages, home equity lines of credit, vehicle loans, and consumer installment loans. Interest rates vary by product type and creditworthiness.
2. Deposit-Based Revenue: Gathering deposits from personal and business customers through checking, savings, money market, and certificate of deposit accounts. Revenue generated through spread between lending rates and deposit rates paid.
3. Fee Income: Various banking fees including monthly maintenance charges, overdraft fees, ATM transaction fees, wire transfer fees, cashier's check fees, notary services, and safe deposit box rental. Also includes analysis fees on commercial accounts and per-item fees on high-volume business accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Hiawatha National Bank is a community bank providing personal banking (checking, savings, CDs, IRAs, HSAs, consumer loans), business banking (checking, savings, commercial and agricultural loans, cash management), and mortgage lending through eight branch locations in western Wisconsin. Revenue is generated through net interest spread on deposits and loans, supplemented by fee income from banking services.

Product overview

Hiawatha National Bank is a community bank offering a comprehensive suite of banking products organized into five main categories: Personal Banking (checking, savings, certificates of deposit, health savings accounts, and retirement accounts), Business Banking (checking, savings, loans, and cash management services), Mortgage Lending (conventional, government, and construction-to-permanent loans), Digital Banking (online and mobile banking with bill pay and mobile deposit), and Value-Added Services (debit cards, safe deposit boxes, and night depositories). The bank operates primarily in Wisconsin with branches in Hager City, Maiden Rock, Glenwood City, Osceola, Hudson, Plymouth, and Eau Claire. The core banking platform centers on traditional deposit and lending products, supplemented by digital delivery channels for account access and transaction management.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Scale indicators1 record

Recent moves7 records

Expansion highlights4 records

Direct peers

• Citizens Community Federal: Wisconsin-headquartered community bank with rural and agricultural customer base across the Upper Midwest. Directly comparable in customer profile and product suite.
• Lake City Bank: Indiana-based community bank with comparable scale, agricultural and commercial lending focus, and OCC/FDIC regulation. Often cited as a benchmark community banking franchise of similar profile.
• Nicolet National Bank: Wisconsin-based community bank with comparable footprint across northern and central Wisconsin. Closely comparable in scale, OCC/FDIC regulation, and product mix including commercial, agricultural, and mortgage lending.
• Wolf River Community Bank: Small Wisconsin community bank with personal and business banking services in similar rural markets. Highly comparable in scale and customer profile.
• Stock Yards Bank & Trust: Privately-held community bank in the Midwest with similar mix of consumer, business, and wealth banking. Comparable in independent ownership and relationship-banking orientation.
• State Bank of Cross Plains: Privately-held Wisconsin community bank with branches in the Madison region and surrounding rural communities. Directly comparable in size, agricultural lending focus, and family/independent ownership structure.
• Investors Community Bank: Wisconsin-based community bank focused on small business, agricultural, and consumer banking. Similar product set and rural Wisconsin footprint make it a strong direct comparable.
• Bank of Sun Prairie: Wisconsin community bank serving similar small-business and consumer segments with comparable deposit, lending, and digital banking products. Similar scale and branch-banking distribution model.

Broad incumbents

• BMO Harris Bank: Major national/regional bank with extensive Wisconsin retail and commercial presence. Represents the scale incumbent against which HNB competes for deposits, mortgages, and small-business relationships.
• Associated Bank: Largest Wisconsin-based bank with statewide branch network and significantly broader product suite. Competes head-to-head for SMB and consumer customers across HNB's footprint but at much greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hiawathanationalbank
• LinkedInlinkedin.com/company/hiawatha-national-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Hiawatha National Bank