Dmb Community Bank

What Dmb Community Bank does

DMB Community Bank is a privately held Wisconsin-chartered community bank headquartered in Madison, Wisconsin (relocated from DeForest in 2023), with a second branch in DeForest and a service footprint concentrated in the greater Madison area. Founded in 1922 as the Bank of DeForest and rebranded to DMB Community Bank in 1999, the bank operates a traditional community-banking model under Bradley Schroeder (President and CEO) and a senior team weighted toward commercial, agricultural, and mortgage lending. It is owned by shareholders of DMB Corporation, Inc., with no disclosed private equity, venture, or parent-company ownership.

DMB delivers a full personal- and commercial-banking product suite: for consumers, multiple checking tiers (Green, Relationship, NOW, HSA), savings/MMDA, CDs (including a "Diploma Dollars" youth CD and "New Money Specials"), IRAs, personal and mortgage loans (in-house serviced), debit cards (with text-based fraud monitoring), and TCM Bank-issued credit cards; for businesses, Basic/Commercial/Community/NOW commercial checking, business savings and money markets, business CDs, ACH origination, wire transfers, sweep accounts, remote deposit, business bill pay, and treasury management. Distribution is multi-channel — two physical branches, an iOS/Android mobile app, 24/7 online banking, automated telephone banking, and a surcharge-free ATM network (Wisconsin/Minnesota) — supplemented by partner-driven capabilities (Wind River Financial for merchant services, Deluxe for checks, TCM Bank for credit cards, IntraFi for ICS/CDARS multi-million-dollar FDIC coverage).

Revenue mechanics follow a standard community-bank spread-plus-fee model: net interest income on loans (mortgage, commercial, agricultural, consumer) and securities, funded by deposits (checking, savings, MMDA, CDs, IRAs), with fee and non-interest income from service charges, treasury management, wire/ACH origination, merchant services, remote deposit, and credit cards. GTM is relationship-led through local commercial lenders and a dedicated treasury management team, supported by community sponsorships and a shareholder referral program. No revenue, asset, or growth figures are publicly disclosed, and the bank has not raised external funding.

Name

Dmb Community Bank

Legal name

DMB Community Bank

Website

https://deforestbank.com

Company type

Private

Founded year

1922

Operating status

Operating

Headcount range

11–50 employees

Short description

DMB Community Bank is a privately held, Wisconsin-chartered community bank serving personal and small-business customers across the greater Madison, Wisconsin area through two branches, mobile and online banking, and full treasury management services. Founded in 1922, it generates revenue from net interest spreads on loans and deposits plus fee-based commercial banking services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211)

SIC

National Commercial Banks (6021), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

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

akta.pro secondary industries

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG)

Keywords

• Community banking services
• Commercial lending
• Treasury management
• Retail deposits
• Small business banking

Headquarters

HQ city

De Forest

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest earned on loans including mortgages, commercial loans, personal loans, and consumer credit. Interest paid on deposits including checking, savings, money market, CDs, and IRAs
2. Fee-Based Income: Service charges on deposit accounts, ATM fees, wire transfer fees, ACH origination fees, merchant services fees, safe deposit box rentals, and credit card fees
3. Non-Interest Income: Treasury management fees, business cash management services, remote deposit fees, and other commercial banking service fees

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

DMB Community Bank provides a full suite of personal and commercial banking products through two physical branches in DeForest and Madison, Wisconsin, supported by online, mobile, and telephone banking channels. Personal offerings include checking, savings, money market, CDs, IRAs, HSAs, mortgages, personal and vehicle loans, debit and credit cards, plus the Prime Time Club senior program. Commercial offerings include commercial checking, savings, CDs, treasury management (ACH origination, wire transfers, remote deposit, sweep accounts, merchant services), business credit cards, and ICS/CDARS FDIC insurance coverage expansion.

Product overview

DMB Community Bank offers a comprehensive suite of traditional banking products organized into Personal Banking and Business Banking divisions. Personal Banking includes multiple checking account options (Green Checking, Relationship Checking, NOW Checking, HSA), savings products (Basic Savings, Homeowner's Savings, Holiday Club, Money Market accounts), Certificates of Deposit with special Diploma Dollars and New Money Specials, IRA options, personal and mortgage loans, debit and credit cards, and digital banking channels (Online, Mobile, Telephone). Business Banking encompasses commercial checking accounts, business savings and money market accounts, Business CDs, Treasury Management services (ACH Origination, Wire Transfers, Merchant Services, Remote Deposit, Sweep Accounts), Business Online Banking with Cash Management, Business Bill Pay, and FDIC coverage expansion tools (ICS and CDARS). The bank also offers the Prime Time Club senior loyalty program and Mortgage Value Plus benefits. All products are supported by in-house servicing and local decision-making, with digital channels provided through their web and mobile platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Green Checking Eco-friendly checking account offering paperless banking features including free online banking, electronic statements, online check images, and bill pay services, targeted at individual consumers.
• Relationship Checking
• NOW Checking
• Health Savings Account (HSA)
• Basic Savings
• Homeowner's Savings
• Holiday Club Account
• Money Market Checking
• Money Market Platinum Checking
• Money Market Premium
• Certificates of Deposit (CDs)
• Individual Retirement Accounts (IRAs)
• Personal Loans
• Mortgage Loans
• Debit Card
• Personal Credit Card
• Online Banking
• Mobile Banking
• Telephone Banking
• Basic Commercial Checking
• Community Checking
• Commercial Checking
• Commercial NOW Checking
• Business Savings
• Business Money Market Accounts
• Business Certificates of Deposit
• ICS (IntraFi Cash Service)
• CDARS (Certificate of Deposit Account Registry Service)
• Business Bill Pay
• ACH Origination
• Wire Transfer Services
• Business Sweep Accounts
• Remote Deposit
• Merchant Services
• Business Online Banking with Cash Management
• Business Credit Card

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Wind River FinancialcoreStrategic or Co-development PartnerPayment processing partnership providing credit and debit card processing, hardware, software, training and reporting, gift and loyalty card programs. Wind River Financial assists with PCI-DSS compliance through their PCI Partner program. Contact person is Tara Schneidewind.
• DeluxeminorChannel Partner/ Reseller/ DistributorCheck ordering partnership providing personal and commercial check products through Deluxe order system. Available for both personal checking and commercial checking accounts.
• IntraFi (formerly Promontory Interfinancial Network)coreTechnology or IntegrationICS (IntraFi Cash Service) and CDARS (Certificate of Deposit Account Registry Service) network membership providing multi-million dollar FDIC insurance coverage through placement of deposits across participating network banks.
• TCM BankcoreChannel Partner/ Reseller/ DistributorCredit card issuing partner for personal and business credit cards. TCM Bank handles credit card customer service and applications. Access through mycommunitycc.com.

Scale indicators4 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Lake City Bank: Warsaw, Indiana-headquartered community bank operating 50+ branches across Indiana with full personal, commercial, and wealth services. High-fidelity comparable for the community banking operating model, though at much larger scale and outside Wisconsin.
• Nicolet National Bank: Green Bay-headquartered Wisconsin community bank with full personal and commercial product set across multiple Wisconsin markets. Closely comparable community banking franchise with analogous lending and deposit products at larger scale.
• Commerce State Bank: Wisconsin community bank serving the Cottage Grove/Madison area with deposit, lending, and treasury services. Direct competitor in Dane County with similar community banking positioning.
• Horicon Bank: Wisconsin community bank founded in 1896 with multiple branches across central Wisconsin, offering personal, business, and agricultural lending. Directly comparable in size, multi-generational heritage, and breadth of community banking services.
• State Bank of Cross Plains: Wisconsin community bank headquartered in Cross Plains, WI, serving Dane County with consumer and commercial banking. Comparable community banking model, similar branch density, and overlapping Madison-area trade area.
• Bank of Sun Prairie: Wisconsin-based community bank serving Sun Prairie and the greater Madison market with personal and business banking products. Directly comparable to DMB in footprint, product scope, and customer segments, creating head-to-head competition in Dane County.
• Investors Community Bank: Wisconsin community bank serving Manitowoc County with personal and commercial banking, including agricultural lending. Closely comparable community franchise operating in Wisconsin with analogous product suite.
• First Business Bank: Madison, WI-based commercial bank focused on business banking, treasury management, and commercial lending. Strong direct overlap with DMB's commercial banking segment, particularly in Dane County small-to-mid business deposits and treasury services.

Regional players

• UW Credit Union: Madison, WI-headquartered credit union serving University of Wisconsin and broader Dane County community. Direct overlap with DMB's deposit and consumer lending segments in the same trade area, competing for retail deposits and mortgages.
• Summit Credit Union: Madison-area credit union serving Dane County and southern Wisconsin with retail banking, mortgage, and business services. Comparable scale and product offering in DMB's core Madison trade area.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Dmb Community Bank