State Bank of Chandler
State Bank of Chandler is a privately held, single-branch community bank in Chandler, Minnesota, serving local agricultural, commercial, consumer, and real estate customers with traditional deposit products, loans, mortgages, and insurance through its Chandler State Agency subsidiary.
- Company typePrivate
- Founded1902
- HeadquartersChandler, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What State Bank of Chandler does
State Bank of Chandler is a privately held, single-branch community bank founded in 1901/1902 and headquartered at 342 Main Avenue, Chandler, Minnesota. It serves a small rural market in Murray County, offering a full suite of traditional retail and small-business banking products including Regular Checking, NOW and SUPER NOW accounts, Savings and Money Market accounts, Certificates of Deposit with 6-60 month terms, Traditional and ROTH IRAs, and Health Savings Accounts. Lending spans agricultural operating lines and equipment loans, commercial operating lines and term loans, consumer loans for vehicles and personal needs, and real estate mortgages including construction and farm mortgages. The bank also distributes insurance products through its Chandler State Agency subsidiary, covering farm, crop, homeowners, renters, life, auto, health, commercial, and long-term care lines.
The bank operates a traditional banking platform extended with digital channels. Core technology consists of an Internet Banking platform with MultiKey Login security (User ID, three challenge questions, personal image, encrypted password), a mobile banking app on iOS and Android supporting balance checks, transfers, and mobile check deposit, and EMV chip-enabled Visa debit and credit cards with Checkcard Alerts. Data export and integration is supported to Intuit QuickBooks via Direct Connection, Quicken, and Microsoft Money, and the bank participates in the Allpoint/Advantage surcharge-free ATM network. The bank is Member FDIC, an Equal Housing Lender, and compliant with Section 326 of the USA PATRIOT Act.
State Bank of Chandler generates revenue primarily through net interest income from lending to its agricultural, commercial, consumer, and real estate customers, supplemented by deposit fees (NOW account monthly fees when balance falls below minimum, overdraft fees, HSA administrative fees), ancillary service charges (cashier's checks, wire transfers, safe deposit boxes), and insurance commissions through Chandler State Agency. Distribution is sales-led and relationship-driven, with loans originated in person at the branch or by phone, supported by self-service digital banking for routine transactions. The customer base is identified as primarily agricultural with secondary segments in commercial, consumer, and real estate, all concentrated in the local Chandler, Minnesota area.
State Bank of Chandler firmographics
Firmographics- Name
- State Bank of Chandler
- Legal name
- State Bank of Chandler
- Website
- https://statebankofchandler.bank
- Company type
- Private
- Founded year
- 1902
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- State Bank of Chandler is a privately held, single-branch community bank in Chandler, Minnesota, serving local agricultural, commercial, consumer, and real estate customers with traditional deposit products, loans, mortgages, and insurance through its Chandler State Agency subsidiary.
- Ownership category
- akta.pro rank
State Bank of Chandler industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), SME Commercial Real Estate (CRE) Lending (FSABABAG)
Keywords
Where State Bank of Chandler is headquartered
LocationHeadquarters
- HQ city
- Chandler
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
State Bank of Chandler business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income from Lending: Traditional bank lending revenue from agricultural loans, commercial loans, consumer loans, real estate mortgages, and credit cards. Interest rates are competitive and tailored to customer needs.
- Account Fees and Service Charges: Monthly service fees on certain accounts (NOW accounts $8 if balance below minimum), overdraft fees, and other account-related charges. Fees vary by account type and balance requirements.
- Checking/Savings Account Deposits: Deposit gathering through various checking, savings, money market, and CD accounts used to fund lending operations.
- Insurance Products (Chandler State Agency): Insurance products including farm, crop, homeowners, renters, life, auto, health, commercial, and long-term care insurance offered through Chandler State Agency subsidiary.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Regular Checking - Basic account with no monthly fee |
| Subscription | Monthly | NOW Account - Interest-bearing with balance requirement |
| Subscription | Monthly | SUPER NOW Account - Higher interest with higher minimum |
| Subscription | Quarterly | Savings Account - Basic savings with low minimum |
| Usage-based | Monthly | Money Market Account - Higher rate with higher minimum |
| Subscription | Semi-annually | Certificates of Deposit - Fixed-rate term deposits |
| Subscription | Semi-annually | IRA Accounts - Traditional and ROTH IRA options |
| Usage-based | Monthly | Health Savings Account - Tax-advantaged medical savings |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels3 records
State Bank of Chandler product offering
Product offeringCore offering
State Bank of Chandler is a community bank offering traditional deposit products (checking, savings, money market, CDs, IRAs, HSAs), agricultural, commercial, consumer, and real estate loans, debit and credit cards, and insurance products through the Chandler State Agency subsidiary. Customers access services through a single physical branch, online banking, mobile app, ATM network, and telephone banking.
Product overview
State Bank of Chandler is a community bank offering a unified suite of traditional banking products and services. The core portfolio includes Checking Accounts (Regular, NOW, SUPER NOW), Savings & Money Market Accounts, Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), Health Savings Accounts (HSAs), Loans & Mortgages (Agricultural, Commercial, Consumer, Real Estate), Debit Cards, and Credit Cards. Digital banking services are provided through Internet Banking (with MultiKey security) and a Mobile Banking App. The bank also offers convenience services (Cashiers Checks, Notary, Direct Deposit, Wire Transfers, Safe Deposit Box), insurance products through Chandler State Agency, and optional add-on services including Checkcard Alerts for debit card notifications and ID TheftSmart identity protection. Data export capabilities allow integration with Quicken, Microsoft Money, and Intuit QuickBooks.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts
- Savings & Money Market Accounts
- Certificates of Deposit (CDs)
- Individual Retirement Accounts (IRAs)
- Health Savings Accounts (HSAs)
- Loans & Mortgages
- Insurance Products
- Debit Cards
- Credit Cards
- Internet Banking
- Mobile Banking App
- Convenience Services
Companies that use State Bank of Chandler
Customer profileSegments4 records
Ideal customer profiles4 records
State Bank of Chandler technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature4 records
State Bank of Chandler partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- FDICcoreFederal Deposit Insurance Corporation provides deposit insurance coverage up to $250,000 per depositor. Bank is Member FDIC.
- VISAcoreVISA payment network partner for debit and credit card processing. Allpoint and Advantage Network branding for ATM access.
- Chandler State AgencycoreInsurance subsidiary of State Bank of Chandler offering farm, crop, homeowners, renters, life, auto, health, commercial, and long-term care insurance products.
Scale indicators2 records
Recent moves6 records
Expansion highlights3 records
State Bank of Chandler competitors and assessment
Company assessmentBroad incumbents
- Bremer Bank: Regional Minnesota bank with broader footprint, treasury management, and commercial banking capabilities. Competes for business and ag customers across the same region at significantly larger scale and product breadth.
- Wells Fargo: Large national bank with rural Minnesota branch and ATM presence. Competes for deposit and loan customers in the same geography with much broader product capabilities, technology investment, and brand recognition.
- Bell Bank: Regional bank headquartered in Fargo with growing MN/ND presence. Broader product suite including wealth and mortgage, but overlaps with community bank offering in commercial, ag, and consumer segments.
- Heartland Financial USA: Multi-state community banking group operating multiple charters including in Minnesota. Broader portfolio of banking and treasury products but fundamentally the same community banking model at consolidated scale.
Direct peers
- Heritage Bank Minnesota: Minnesota community bank offering deposit accounts, agricultural and commercial lending to rural customers. Directly comparable in target market, product set, and community-bank operating model.
- Minnwest Bank: Community/ag-focused bank headquartered in Slayton, MN (Murray County — same county as Chandler). The closest geographic peer offering a near-identical mix of deposit accounts, ag operating loans, and small business banking in the same rural Minnesota footprint.
- Cornerstone Bank: Minnesota-based community bank offering deposit products, ag and commercial lending to rural and small-town customers. Comparable in scale, customer base, and community-bank operating model.
- United Prairie Bank: Community bank serving southwestern Minnesota with ag lending and consumer banking. Directly comparable in product mix, geographic focus, and scale, and operates in the same Murray County region as State Bank of Chandler.
- Hiway Federal Credit Union: Minnesota-based credit union serving members statewide with consumer deposits, vehicle loans, and ag-related products. Competes for the same local consumer and small-business deposit and loan customers as State Bank of Chandler.
Emerging players
- Choice Bank: Growing community-focused bank headquartered in Fargo, ND with expanding upper Midwest presence. Comparable ag and small business lending focus, though operating at a faster growth and slightly larger scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
State Bank of Chandler compliance and trust
Trust signalCompliance4 records
State Bank of Chandler financial estimates
Financial estimateRevenue estimate
Valuation estimate
State Bank of Chandler leadership team
Management profileNumber of profiles
Profiles1 record
State Bank of Chandler subsidiaries and ownership
Company hierarchySubsidiaries1 record
State Bank of Chandler funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
State Bank of Chandler 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 State Bank of Chandler
What does State Bank of Chandler do?
State Bank of Chandler is a community bank offering traditional deposit products (checking, savings, money market, CDs, IRAs, HSAs), agricultural, commercial, consumer, and real estate loans, debit and credit cards, and insurance products through the Chandler State Agency subsidiary. Customers access services through a single physical branch, online banking, mobile app, ATM network, and telephone banking.
Is State Bank of Chandler a public or private company?
State Bank of Chandler is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was State Bank of Chandler founded?
State Bank of Chandler was founded in 1902. It employs 11 to 50 people.
Where is State Bank of Chandler based?
State Bank of Chandler is headquartered in Chandler, United States, in the North America region.
How does State Bank of Chandler make money?
Four revenue lines are on record. Interest Income from Lending is the primary driver. The others are account Fees and Service Charges, checking/Savings Account Deposits and insurance Products (Chandler State Agency).
Who are State Bank of Chandler's main competitors?
Broad incumbents on record are Bremer Bank, Wells Fargo, Bell Bank and Heartland Financial USA. Direct peers are Heritage Bank Minnesota, Minnwest Bank, Cornerstone Bank, United Prairie Bank and Hiway Federal Credit Union. Choice Bank is listed as an emerging player.
Does State Bank of Chandler have an API?
No public API is recorded for State Bank of Chandler.
What industry is State Bank of Chandler in?
State Bank of Chandler's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 52211 and its SIC code is 6022.