Petefish Skiles and Co

What Petefish Skiles and Co does

Petefish, Skiles & Co. Bank is an independent, privately-held Illinois state-chartered community bank headquartered in Virginia, Illinois, founded August 1, 1870, and currently operating seven branches across five rural central Illinois counties (Cass, Mason, Menard, Morgan, and Scott). As of 2025 the bank holds approximately $480 million in total assets, making it the oldest bank in Cass County and one of the longest continuously operating community banks in Illinois, having survived the Great Depression and a 1932 bank moratorium. The institution serves three primary customer segments — individual/personal banking customers, small to mid-sized businesses, and agricultural/farm operators — with a relationship-led model anchored in local decision-making and physical branches.

The product portfolio spans deposit products (five personal checking variants including Rewards Checking offering up to 5.00% APY and IDSecure Checking bundling identity protection, plus savings, money market, CDs, IRAs, and HSAs), business banking (checking, savings, business credit cards, payroll processing, ACH origination, wire transfer, Remote Deposit Capture), and lending (consumer, mortgage, construction, HELOC, commercial, and agricultural loans including livestock, machinery, and farm real estate). The technology stack is that of a traditional community bank enhanced with conventional digital channels: a mobile banking app on iOS and Android, internet banking, online account opening via opennow.petefishskiles.com, e-statements, bill pay, and partner integrations including ClickSWITCH for account migration, MoneyPass for surcharge-free ATM access across 38,000+ locations, IntraFi Network for multi-million-dollar FDIC insurance sweep, and Allied Payment Network for online loan payments.

Revenue is generated through traditional community bank mechanics: net interest income from lending and deposit products, monthly account service charges ($4.95 for IDSecure, $5 for Premium and Basic Checking, $9.95 for StartFresh), early withdrawal penalties on CDs, interchange and fee income from credit/debit cards, and ancillary service fees (safe deposit box rental $15-$50 annually). Distribution is hybrid: seven physical branches as the primary acquisition and service channel, augmented by digital self-serve channels (mobile, internet, online account opening), partner-driven acquisition (ClickSWITCH), and a referral/affiliate relationship with MoneyPass. The bank has grown through a serial acquisition strategy spanning more than a century, most recently acquiring First National Bank of Beardstown in October 2024 (adding Beardstown, Winchester, and Murrayville branches) and opening a de novo Jacksonville branch in November 2021.

Name

Petefish Skiles and Co

Legal name

Petefish, Skiles & Co. Bank

Website

https://petefishskiles.com

Company type

Private

Founded year

1870

Operating status

Operating

Headcount range

11–50 employees

Short description

Petefish, Skiles & Co. Bank is an independent Illinois community bank founded in 1870, operating seven branches across five rural central Illinois counties and serving individuals, small businesses, and agricultural customers with deposit, lending, and digital banking products on roughly $480 million in assets.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking
• Deposit accounts
• Agricultural lending
• Consumer mortgages
• Mobile banking

Headquarters

HQ city

Virginia

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional bank interest income from lending activities including consumer loans, mortgages, home equity lines, agricultural loans, and commercial loans. Interest earned on checking accounts (premium checking), savings accounts, money market accounts, and certificates of deposit.
2. Account Fees and Service Charges: Monthly service charges on checking accounts (IDSecure Checking $4.95, Premium Checking $5 if balance below $500, Basic Checking $5 if below $300, StartFresh Checking $9.95). Business checking $5 if balance below $300. Service charges on savings accounts if minimum balance not maintained.
3. Deposit Product Fees: Early withdrawal penalties on certificates of deposit. CD early withdrawal substantial penalty as stated in rate disclosures.
4. Loan Origination: Consumer loans for vehicles, boats, campers, ATVs; home mortgage loans; construction loans; HELOCs; business loans; agricultural loans. Competitive rates with various terms.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Petefish, Skiles & Co. Bank is a community bank offering personal and business deposit products (checking, savings, money market, CDs, IRAs, HSAs), consumer loans (auto, boat, RV, mortgage, HELOC, construction), commercial and agricultural loans, and digital banking services (mobile app, internet banking, bill pay) through seven branch locations across five Illinois counties.

Product overview

Petefish, Skiles & Co. Bank is a community bank offering a unified suite of deposit, lending, and digital banking products. The core offering includes multiple personal checking variants (Rewards Checking with tiered interest up to 5% APY, IDSecure Checking with identity protection, Premium Checking, StartFresh Checking, Basic Checking) and savings products (Christmas Club, Investors Fund Money Market, Investor Elite Money Market, Health Savings Account, Regular Savings), plus Certificate of Deposit and IRA accounts. Business banking encompasses Business Checking, Business Savings, Business Money Market, Business CDs, Business Credit Cards, Business Loans, and Agricultural Loans. Digital channels include Internet Banking, Mobile Banking App (iOS/Android), Bill Pay, E-Statements, and ClickSWITCH account migration service. Lending products span consumer loans, mortgages, construction loans, and HELOCs for consumers, plus commercial and agricultural loans for businesses. Ancillary services include payroll processing with direct deposit, Remote Deposit Capture, and ICS/CDARS for FDIC coverage expansion.

Differentiator

Problem solved

Functional benefit

Products and services

• Rewards Checking
• IDSecure Checking
• Premium Checking
• Basic Checking
• StartFresh Checking
• Regular Savings
• Christmas Club Savings
• Investors Fund Money Market
• Investor Elite Money Market
• Health Savings Account (HSA)
• Certificate of Deposit (CD)
• Individual Retirement Account (IRA)
• Mobile Banking App
• Internet Banking
• Bill Pay
• Online Loan Payments
• Consumer and Mortgage Loans
• Home Equity Line of Credit (HELOC)
• Construction Loans
• Personal Credit Cards
• Safe Deposit Boxes
• Business Checking
• Business Savings
• Business Money Market
• Business Certificate of Deposit
• Business Loans
• Agricultural Loans
• Payroll Processing with Direct Deposit
• Business Credit Cards

Quantifiable outcome

• Over $480 million in assets
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• IntraFi NetworkcoreTechnology or IntegrationMember of IntraFi network providing ICS (Interest Checking Service) and CDARS (Certificate of Deposit Account Registry Service) for multi-million-dollar FDIC insurance coverage. Allows deposit diversification across multiple network banks while maintaining single bank relationship.
• ClickSWITCHcoreTechnology or IntegrationService enabling customers to switch direct deposits and automatic payments from previous financial institutions. Handles ACH payments, direct deposits, and bill pay items. Uses SwitchTRACK codes for account activation.
• MoneyPasscoreTechnology or IntegrationATM network providing surcharge-free access to over 38,000 ATMs nationwide. Customers can use MoneyPass ATMs without fees.
• Investment Services (Joint Marketing)minorGTM or Marketing PartnerJoint marketing partners for investment services as disclosed in privacy policy for joint marketing activities.
• Apple App StorecoreTechnology or IntegrationMobile app distribution channel for iOS devices. App ID: id6670215764. Provides mobile banking access including account viewing, transfers, mobile deposit, and bill pay.
• Google Play StorecoreTechnology or IntegrationMobile app distribution channel for Android devices. Provides mobile banking access including account viewing, transfers, mobile deposit, and bill pay.
• Allied Payment NetworkcoreTechnology or IntegrationThird-party loan payment processing service (portalpay) enabling online loan payments via ACH or debit card (Visa, Mastercard, Discover).

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

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 Petefish Skiles and Co