What Anna State Bank does

Anna State Bank is a privately held, FDIC-insured state-chartered community bank headquartered at 100 East Vienna Street in Anna, Illinois. Founded on September 18, 1930 with initial resources of approximately $300,000, the bank has grown to over $75 million in resources and is led by President Jonathan D. Vicenzi, who succeeded his predecessor in 2002, continuing multi-generational Vicenzi family stewardship of the institution.

The bank operates a standard community-bank product set segmented across personal and business lines: deposit products include NOW and Super Now personal checking, personal savings (with Certificates of Deposit, Christmas Club, and Vacation Club variants), Traditional/Roth/Rollover IRAs, business checking, and business savings (Money Market and CDs). Lending products encompass personal loans (auto, boat, motorcycle, home improvement), mortgage loans, home equity lines of credit, commercial loans for development/construction/equipment, and operating lines of credit. The technology stack is conventional: a 24/7 online banking platform, iOS and Android mobile banking applications, ASB Visa Debit Cards with CardValet controls, and integrations with Visa Account Updater Service and Wolters Kluwer's online mortgage application system. Distribution rests on a single branch with drive-thru, ATM, and night depository, complemented by telephone banking (Bank 24/7) and safe deposit boxes.

Economically, the bank generates revenue primarily through net interest income on its loan portfolio (personal, mortgage, HELOC, commercial) and fee income from deposit accounts, debit card interchange, and IRA maintenance. The go-to-market is a relationship-led, sales-driven community-banking model emphasizing personalized service and 94 years of local presence. Customer segments are individual consumers and local small businesses/ commercial entities in Anna, IL and surrounding communities; no named enterprise customers, no disclosed ARR, and no public financial reporting are available.

Name

Anna State Bank

Legal name

Anna State Bank

Website

https://annastate.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

11–50 employees

Short description

Anna State Bank is an FDIC-insured, privately held community bank founded in 1930 in Anna, Illinois. It provides personal and business checking, savings, IRAs, debit cards, mortgage and commercial loans to local residents and small businesses through a single branch plus digital channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Anna

HQ country

United States

HQ region

North America

Offices1 record

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 from Loans: The bank generates revenue primarily through interest earned on personal loans, mortgage loans, home equity lines of credit, commercial loans, and operating lines of credit. Loan types include auto, boat, motorcycle, home improvement, real estate, and commercial financing.
2. Deposit Account Fees and Services: Fee income from checking accounts, savings accounts, money market accounts, and certificates of deposit. Includes account maintenance, transaction fees, and service charges.
3. Card Services: Revenue from debit card transactions, including interchange fees and point-of-sale transaction fees.
4. IRA and Retirement Account Services: Revenue from Traditional, Roth, and Rollover Individual Retirement Accounts including contribution fees and account maintenance.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Anna State Bank is an FDIC-insured community bank providing personal and business deposit products (checking, savings, money market, CDs, IRAs), consumer and commercial loan products (personal, mortgage, HELOC, commercial, operating lines of credit), and debit card and digital banking services. Founded in 1930 in Anna, Illinois, the bank combines a physical branch with online, mobile, and 24/7 telephone banking channels to serve local residents and businesses.

Product overview

Anna State Bank operates as a traditional community bank offering a unified suite of banking products and services. The core portfolio includes Mobile Banking and Online Banking platforms providing 24/7 account access; Personal Checking (NOW Account, Super Now Account) and Personal Savings with Certificates of Deposit, Christmas Club, and Vacation Club sub-products; Individual Retirement Accounts (Traditional, Roth, and Rollover); Business Checking and Business Savings with Money Market and CD options; ASB Visa Debit Cards for both personal and business with CardValet fraud protection; and comprehensive Loan Services encompassing Personal Loans, Mortgage Loans, Home Equity Lines of Credit, Commercial Loans, and Operating Lines of Credit. Additional services include Bank 24/7 Telephone Banking, Safe Deposit Boxes, Night Depository, and Wire Services. The bank serves consumers and businesses in Anna, Illinois with FDIC-insured products.

Differentiator

Problem solved

Functional benefit

Products and services

• Mobile Banking

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Scale indicators3 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• State Bank of Arthur: Independently owned Illinois community bank of comparable size serving a rural Illinois community with deposit products, consumer/mortgage lending, and personal service—directly analogous to Anna State Bank.
• Legence Bank: Illinois-licensed community bank operating across southern Illinois with consumer/commercial deposits, lending, and digital banking channels, closely mirroring Anna State Bank's product set and small-town relationship banking approach.
• Shelby State Bank (SSB): Independently held community bank in central Illinois offering consumer and business banking, mortgages, and digital services, anchored in a small-town deposit base analogous to Anna State Bank's structure.
• Banterra Bank: Community bank headquartered in southern Illinois (Marion) with a comparable full-service consumer and commercial banking model, FDIC-insured deposits, and physical-branch distribution serving small-town markets similar to Anna.
• Dieterich Bank: Small Illinois community bank with a similar single-market footprint, offering personal/business banking, mortgages, and ag-related lending to residents and businesses in its local southern Illinois catchment.
• First Southern State Bank: Southern Illinois community bank providing comparable deposit, loan, and treasury products to local consumers and small businesses via a branch-led distribution model similar to Anna State Bank.

Broad incumbents

• Illinois National Bank: Illinois state-chartered commercial bank providing traditional consumer and small-business banking, including loans and deposit products, sharing the same state regulatory framework and rural-community banking model.
• First Mid-Illinois Bank & Trust: Larger Illinois-headquartered community bank with broader branch network across central Illinois, offering the same core consumer/commercial deposit and lending products as Anna State Bank but at materially greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/anna-state-bank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Anna State Bank