What Oconee State Bank does

Oconee State Bank is a Georgia-based community bank founded in 1960 in Watkinsville, operating 6 full-service financial centers across Georgia (Oconee County, Athens-Clarke County, Gwinnett County, Macon-Bibb County, Elbert County) and 2 loan production offices in Statesboro, GA and Johnson City, TN. The bank is a subsidiary of Oconee Financial Corporation (OTCQX: OSBK) and serves individual consumers and small-to-mid-size businesses with a full suite of deposit products (Basic, Essential, and Essential Plus Checking powered by BaZing; Regular Savings; Money Market; CDs; IRAs), consumer and construction loans, HELOCs, safe deposit boxes, and a Visa debit/credit card lineup.

Its commercial and small-business capabilities include three tiers of business checking, commercial savings and money market accounts, commercial lending, SBA 7(a) preferred-lender origination, treasury services (ACH origination, Remote Deposit, Positive Pay, wire origination) delivered via NetTeller, and merchant card services through BancCard. Lending is differentiated by an SBA preferred-lender program that targets verticals such as daycares, dental practices, pharmacies, and insurance agencies, plus a newly launched Remarkable Mortgage division (2025) and a Tennessee-market expansion via the Trio South Bank division (April 2025).

The bank's distribution model combines physical branches, a digital banking suite (online, mobile iOS/Android, text banking, eStatements, Bill Pay, Zelle), 24/7 telephone banking, and a no-fee Presto! ATM network at Publix stores nationwide. Revenue is generated primarily through net interest income on its consumer, construction, commercial, SBA, and credit-card loan portfolios, supplemented by account/service fees (monthly maintenance, overdraft, wire, ATM, remote deposit), interchange income, treasury management fees, and merchant processing fees. Growth channels include the Elberton Federal S&L acquisition (2023), Tennessee and Southeast Georgia expansions, the Remarkable Foundation, and a CEO-hosted community podcast.

Name

Oconee State Bank

Legal name

Oconee State Bank, Inc.

Website

https://oconeestatebank.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Short description

Oconee State Bank is a Georgia-based community bank (founded 1960) operating six branches and two loan production offices across Georgia and Tennessee, offering personal and business deposit products, SBA and commercial lending, treasury services, and digital banking to consumers and small-to-mid-size businesses.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD)

Keywords

• Community banking
• Personal banking
• Commercial lending
• SBA loans
• Digital banking

Headquarters

HQ city

Watkinsville

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest earned on loan portfolio including consumer loans, construction loans, commercial loans, SBA loans, and credit cards. Interest paid on deposit accounts including checking, savings, money market, and CDs
2. Account and Service Fees: Monthly maintenance fees on accounts, paper statement fees, overdraft fees, wire transfer fees ($23-$50), ATM fees, and Remote Deposit fees ($25/month)
3. Credit Card Revenue: Interchange income from Visa debit and credit cards, annual fees on credit cards ($35-$79), and interest on outstanding balances
4. Merchant Services: Transaction processing fees from business customers using merchant card services through BancCard partnership
5. Treasury Management Services: ACH origination fees, Positive Pay fees, and other cash management service charges for business customers

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Oconee State Bank is a community bank offering personal and business banking products including checking and savings accounts, certificates of deposit, IRAs, consumer and construction loans, commercial lending, SBA 7(a) loans, treasury management services, merchant card processing, VISA debit and credit cards, and safe deposit boxes. The bank delivers these products through 6 full-service financial centers in Georgia plus 2 loan production offices, supported by a Digital Banking Suite with mobile and online apps, telephone banking, and a fee-free ATM network at Publix stores nationwide.

Product overview

Oconee State Bank is a community bank serving Georgia and Tennessee markets since 1960, offering a comprehensive suite of personal and business banking products through multiple delivery channels including branches, digital banking, mobile apps, and telephone banking. Personal banking includes Basic, Essential, and Essential Plus Checking accounts (with the latter two powered by BaZing rewards platform), Regular Savings, OSB Kids Club, Money Market, CDs, IRAs, Consumer Loans, Construction Loans, Lines of Credit, and Safe Deposit Boxes. Business banking encompasses three-tier Business Checking, Commercial Savings, Commercial Money Market, Commercial CDs, Commercial Lending, SBA Loans, Treasury Services, Merchant Card Services (via BancCard), ACH Origination, Remote Deposit, Positive Pay, and Wire Origination. Card products include VISA Debit Cards and VISA Credit Cards (Platinum, Cash Back Platinum, Business, and Commercial Purchasing). Digital services feature the Digital Banking Suite (online banking), Mobile Banking App, Telephone Banking, Mobile Text Banking, eStatements, Bill Pay, and Zelle P2P payments. Additional offerings include Presto! ATMs (fee-free at Publix), Financial Education programs, Fraud Resources, Safety & Security resources, the Make Your Remarkable Podcast, BaZing Merchant Network, and The Remarkable Foundation. Brand divisions include Remarkable Mortgage and Trio South Bank (launched 2025 in Tennessee).

Differentiator

Problem solved

Functional benefit

Brands

• Remarkable Mortgage: Mortgage division of Oconee State Bank
• Trio South Bank
• The Remarkable Foundation
• Remarkable Mortgage

Products and services

• Basic Checking Entry-level personal checking account with $50 opening deposit and $100 minimum balance to avoid a $7 monthly fee. Includes free online/mobile banking, mobile deposit, bill pay, eStatements, VISA debit card with 24/7 fraud monitoring, and Apple Pay, Samsung Pay, and Google Pay support.
• Essential Checking Personal checking account powered by BaZing rewards platform with $50 opening deposit, no minimum balance, and $6/month fee. Includes Billshark subscription negotiation, BaZing Fuel 3% cashback, local/national discounts, health savings card, cell phone protection ($800/claim), ID theft aid ($2,500), roadside assistance ($80), and $10,000 travel accidental death coverage.
• Essential Plus Checking Premium interest-bearing personal checking with $50 opening deposit, $1,500 minimum to avoid $8 monthly fee. Includes all BaZing benefits plus competitive interest rates on checking balance.
• Regular Savings Personal savings account with $50 opening deposit, $200 minimum to avoid $5 quarterly fee. Competitive interest rates, $3 fee per transaction after 6 per quarter.
• OSB Kids Club Savings account for youth up to age 13 with no minimum opening deposit and no minimum balance. Competitive interest paid on balances; $1.50 fee per transaction after 6 per quarter.
• Money Market Account Tiered interest-bearing account with $50 opening deposit. $1,000 minimum to avoid $10 monthly fee; $5 per transaction fee after 6 per cycle. Higher rates on higher balances.
• Certificates of Deposit (Personal) Fixed-term deposit accounts with $500 opening deposit and available terms of 3, 6, 12, 18, 24, 36, 48, and 60 months. Competitive rates guaranteed for term; interest can be compounded, deposited, or paid by check.
• Individual Retirement Account (IRA) Traditional and Roth IRA accounts for retirement savings, with available terms of 6, 12, 18, 24, 36, 48, and 60 months. Rates guaranteed for term.
• Consumer Loans Personal loans with competitive fixed rates and fast local decisions. Includes personal loans, automotive/truck loans, boat loans, and small aircraft loans tailored to individual financial needs.
• Construction Loans Single family residential construction loans with low closing costs, local loan decisions, permanent loan availability, and professional service.
• Lines of Credit Home Equity Advantage (HELOC) with competitive rates and flexible borrowing via check, online transfer, or phone request. Personal Advantage revolving credit for quick fund access.
• Safe Deposit Box Secure storage for valuables and documents. Sizes range from 2x5x18 ($30/year) to 10x10x18 ($90/year). Available at Main Office and Bogart locations. $10 key replacement fee applies.
• Presto! ATMs Fee-free ATM network at Publix stores nationwide for Oconee State Bank cardholders. No foreign ATM fees at Presto! locations.
• Business Checking Three-tier business checking suite: Small Business Checking ($50 opening, $10/month, no minimum, $0.25/item over 150), Performance Business Checking ($10,000 minimum, $15/month if below, $0.25/item over 250 with earnings credit), and Commercial Checking Analysis ($15/month, contact for info).
• Commercial Savings Business savings account for building cash reserves with competitive interest rates and minimum balance requirements.
• Commercial Money Market Tiered interest business account with $5,000 minimum to avoid $10 monthly fee. Higher rates on higher balances with flexible access to funds.
• Business Certificates of Deposit Business CD products with competitive interest rates and various terms. May be used as collateral for certain loan types.
• Commercial Lending Commercial loans for business expansion, investment property, and construction-permanent financing. Features local decisions, competitive rates, low closing costs, and fast approvals.
• Small Business Administration (SBA) Loans SBA lending program as a certified SBA lender. Potential 10% down payments and 30-day closings. Serves daycares, dentists, accountants, pharmacies, veterinarians, insurance agencies and more. Covers business acquisitions, partner buyouts, real estate purchase, and expansion.
• Treasury Services Business online account management via NetTeller including Merchant Card Services, ACH Origination, Remote Deposit, Wire Origination, Positive Pay, VISA Debit Cards, Business Online Banking, Bill Payments, and E-Statements.
• Merchant Card Services Payment processing via BancCard partnership offering EMV chip readers, smartphone devices, wireless terminals, competitive pricing, no hidden fees or long-term contracts, and 24/7 support.
• ACH Origination Electronic payment services including Direct Deposit Payroll, Preauthorized Debit for recurring customer payments, Account Receivable check conversion, and Telephone Initiated ACH Entries.
• Remote Deposit Electronic check deposit from office using provided scanner. $25/month flat fee includes scanner lease and unlimited deposits. Extended cutoff at 11PM for same-day credit. Requires Windows 7+/Mac with USB port.
• Positive Pay Fraud prevention system comparing issued checks against presented items. Upload check data to portal, review exceptions for pay/return decision. Exception processing deadline: 12PM EST.
• Wire Origination Domestic wire transfers ($30 outgoing, $23 incoming) and international wires ($50). Cutoff time 4PM EST. ABA Routing 061113282.
• VISA Debit Cards No annual fee debit cards with 24/7 fraud monitoring, VISA Zero Liability Policy, EMV chip security, and worldwide acceptance. Activatable via ATM, online, mobile, or telephone banking.
• Platinum VISA Credit Card 0% APR on purchases and balance transfers for first 7 billing cycles. 13.25% APR based on Prime Rate. Worldwide acceptance with convenience and security.
• Cash Back Platinum VISA Credit Card 1% cash back on all qualifying purchases with no spending tiers or minimums. $35 annual fee. 11.25% APR based on Prime Rate.
• VISA Business Credit Card Business credit card with 1% cash back up to $100,000 annually. $79 annual fee. 13.25% APR based on Prime Rate. VISA Zero Liability and Card Manager access.
• Commercial Purchasing Card (PCard) Business card for unlimited cardholders with tiered rebate structure. Real-time card control including limit adjustments, approval/decline visibility, and card on/off toggling. Customized online expense management portal.
• Digital Banking Suite (Online Banking) Comprehensive online banking platform with view balances/transactions, fund transfers, scheduled payments, alerts, outside account linking. How-to videos and reference guides available.
• Mobile Banking App iOS and Android app with real-time balances, account activity, transfers, debit card management, ATM locator, bill pay, and mobile deposit. Current version 4.12 as of March 2018; requires iOS 10.1+/Android 5.0+.
• Telephone Banking 24/7 automated telephone banking at 833-541-1713. Features include account transfers, loan payments, email history, branch/ATM hours, card cancellation/activation, and stop payments.
• Mobile Text Banking SMS text banking via short code 89549. Commands: Bal (balances), Hist (transactions), Help, Stop. Self-enrollment via Online Banking Settings.
• eStatements Electronic statements with up to 7 years retention, 2 years currently available during platform transition. $5 paper statement fee waived with enrollment. Faster delivery than mail, email notification when ready.
• Business Bill Pay Free business bill payment solution integrated with Digital Banking Suite. Supports one-time and recurring payments with 3PM daily cutoff.
• Remarkable Mortgage Mortgage division launched in 2025 under the Remarkable brand, providing residential lending services.
• Trio South Bank Division launched April 2025 as Loan Production Office in Johnson City, Tennessee, providing commercial lending services in the Tri-Cities market. First footprint outside Georgia.
• Visa Credit Card — Platinum / Cash Back Platinum / Business / Commercial Purchasing (combined entry) Personal and business Visa credit card portfolio including Platinum VISA (0% intro APR), Cash Back Platinum VISA (1% cash back), VISA Business Credit Card (1% cash back up to $100K), and Commercial Purchasing Card (PCard) with tiered rebates.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability3 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• BancCardcoreTechnology or IntegrationBancCard provides merchant card processing services for Oconee State Bank business customers. Partnership offers competitive pricing, no hidden fees, no long-term contracts, EMV chip readers, smartphone devices, wireless options, and 24/7 support.
• BaZing (StrategyCorps)coreTechnology or IntegrationBaZing is a comprehensive benefits platform powering Essential and Essential Plus Checking accounts. Provides cell phone protection (up to $800/claim), identity theft aid (up to $2500 reimbursement), roadside assistance, travel accidental death coverage, local and national discounts, fuel cashback (3% up to $5/month), health savings on prescriptions, and financial wellness documents.
• Presto! ATMs (Publix)coreChannel Partner/ Reseller/ DistributorPresto! ATM network at Publix stores nationwide. Oconee State Bank cardholders access ATMs with NO foreign ATM fees. Expands ATM footprint significantly for customers shopping at Publix grocery stores.
• Card Services Provider (Visa)coreTechnology or IntegrationVisa credit and debit card issuance and processing. Includes Visa Zero Liability Policy, EMV chip security, and worldwide acceptance. Card management through Card Manager online portal.
• PaycomminorOthersPaycom provides HR and applicant tracking system for Oconee State Bank careers page and job application process.
• ZellecoreTechnology or IntegrationZelle person-to-person payment integration for mobile and online banking. Allows customers to send payments to individuals via Visa Debit Card or bank account.
• South State Bank, N.A.minorOthersSouth State Bank serves as intermediary bank (SWIFT: CSBKUS33) for incoming international wire transfers to Oconee State Bank.

Scale indicators4 records

Recent moves10 records

Expansion highlights7 records

Broad incumbents

• SouthState Corporation: Larger Southeast super-regional bank offering full consumer and commercial banking including SBA, treasury management, and correspondent services. Acts as Oconee's intermediary for international wires, indicating established correspondent relationship.
• Bank of America: National mega-bank with dominant Georgia presence. Sets competitive baseline on rates, digital capabilities, and product breadth — defining the upper-bound competitive threat for OSB's retail and small-business customers.
• Wells Fargo: Large national bank with significant Georgia presence offering full consumer, commercial, SBA, mortgage, and treasury products. Key competitor for larger commercial relationships and a benchmark for technology investment scale.

Direct peers

• Pinnacle Financial Partners: Nashville-based community bank with strong Tennessee presence, including the Tri-Cities market where OSB just launched Trio South Bank. Pinnacle offers a useful comparable for OSB's Tennessee expansion thesis.
• United Community Banks: Georgia-headquartered community bank ($25B+ assets) with similar community-bank model across the Southeast, including consumer and business banking, SBA lending, and digital channels. Most directly comparable peer given overlapping Georgia footprint and similar commercial/retail focus.
• Ameris Bancorp: Atlanta-based community bank holding company with deep Georgia and Southeast presence, similar commercial and consumer banking mix, and active M&A history. Comparable in scale ambition and business banking orientation.
• Colony Bankcorp: Georgia-based community bank holding company headquartered in Fitzgerald, GA, with similar small-to-mid-size community bank model, Georgia concentration, and SBA/commercial lending focus. Strong match on size and geography.
• Cadence Bank: Multi-state community bank with significant Georgia footprint offering consumer and commercial banking, treasury management, and SBA lending. Closely aligned in product mix and target segments.

Regional players

• FirstBank (Tennessee): Nashville-headquartered community bank with deep Tennessee footprint including Tri-Cities. Closest direct competitor in OSB's newly entered Tennessee market and useful benchmark for out-of-state expansion.

Emerging players

• Live Oak Bancshares: North Carolina-based digital community bank specializing in SBA lending nationally. Leading SBA franchise comparable to OSB's SBA preferred lender program; relevant for benchmarking SBA growth and digital SBA origination capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubepodcasts.apple.com/us/podcast/make-your-remarkable/id1664966805

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oconee State Bank