Peoples Community Bank SB

Name

Peoples Community Bank SB

Legal name

Peoples Community Bank SB of Monticello, Indiana

Website

https://peoplesmonticello.com

Company type

Private

Founded year

1899

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

akta.pro secondary industries

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Community banking services
• Consumer deposit accounts
• Residential lending products
• Small business banking
• Merchant payment services

Headquarters

HQ city

Monticello

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: Traditional banking revenue from interest charged on loans including mortgage loans, home equity loans, auto/vehicle loans, personal loans, and commercial/business loans.
2. Account Fees and Service Charges: Monthly maintenance fees on checking and savings accounts, minimum balance requirements, and potential overdraft fees. Different fee structures across account tiers (Basic Checking $3/month, Super Checking $5/month, Business Checking no fees with $500 minimum).
3. Deposit Products: Revenue from deposit products including savings accounts, Certificates of Deposit (CDs) with various terms, and Individual Retirement Accounts (IRAs).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Peoples Community Bank SB is a customer-owned community bank providing personal and business banking services in Monticello and White County, Indiana. Its offering spans deposit accounts (Basic, NOW and Super Checking, Savings, CDs, IRAs), consumer and commercial lending (mortgage, home equity, auto, personal, and business loans), business banking (Business Checking, Merchant Services), and digital channels via online banking, mobile apps, and Zelle.

Product overview

Peoples Community Bank SB operates as a traditional community bank offering a unified portfolio of banking products and services organized around personal banking, business banking, and lending. The personal banking suite includes three consumer checking account tiers (Basic Checking, NOW Checking, Super Checking) differentiated by minimum balance and fee structures, alongside savings accounts, Certificates of Deposit (CDs) in multiple term lengths, Individual Retirement Accounts (IRAs), and debit cards. The lending portfolio encompasses Mortgage Loans and Home Equity Loans (both funded and approved in-house in Monticello), Vehicle/Auto Loans, Personal Loans, and Commercial Loans for business customers. Business banking services include Business Checking, Online Banking, Merchant Services, and Commercial Loans. Digital banking is delivered through two distinct native mobile apps: a Personal Banking App and a Business Banking App, both available on iOS and Android, with supplemental tools including a Loan Calculator and Zelle peer-to-peer payment integration for sending and receiving money. The bank's products are distributed through branch locations in Monticello, Indiana and a full online and mobile banking platform serving customers in a 24-hour digital environment.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking App Mobile banking application for consumers enabling 24/7 account balance viewing, fund transfers, bill pay, check deposit, card management, branch/ATM locator, and alerts.
• Business Banking App Mobile banking application for business customers providing 24/7 access to business accounts, balance monitoring, transaction tracking, and financial management.
• Basic Checking Entry-level consumer checking account with a $100 minimum balance requirement and $3 monthly fee, offering simple, hassle-free everyday banking.
• NOW Checking Interest-bearing consumer checking account with a $300 minimum balance, including free online banking, bill pay, and debit card; $3 monthly fee applies only if balance falls below $300.
• Super Checking Premium interest-bearing consumer checking account with a $2,500 minimum balance, including free online banking, bill pay, and debit card; $5 monthly fee waived with minimum balance maintained.
• Savings Account Traditional consumer savings account with a $100 minimum balance to open, providing a basic vehicle for depositing and growing savings.
• Certificates of Deposit (CDs) Term deposit accounts available in multiple terms including 3, 6, 12, 18, 24, 30, 31, 36, and 48 months; special promotional CD rates may be available by phone inquiry.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts offered as part of the bank's deposit account portfolio.
• Mortgage Loans Home purchase and refinancing loans funded and approved locally in Monticello with competitive rates, personalized service, and swift in-house approval; URLA 2019 application available for download.
• Home Equity Loans Loans leveraging the equity in the customer's current property, funded and approved locally in Monticello as part of the bank's in-house lending process.
• Vehicle/Auto Loans Flexible financing for new vehicle purchases or refinancing of existing vehicles, with competitive interest rates and customizable loan terms; application available for download.
• Personal Loans Unsecured personal loans for unexpected expenses, home improvements, debt consolidation, or special occasions, with straightforward terms.
• Business Checking Business checking account with free checking and no monthly fees, requiring a $500 minimum balance; designed to simplify business finances.
• Commercial Loans Flexible financing solutions for business expansion, equipment investment, or facility enhancement, with competitive rates and community-bank personalized service.
• Merchant Services Payment processing and merchant services for business customers, including secure payment processing and efficient customer transaction management.
• Zelle Person-to-Person Payments Person-to-person money transfer service integrated into online and mobile banking via Zelle, allowing enrolled customers to send money directly from their bank account to recipients within minutes.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

One partnership is on record.

• Early Warning Services, LLC (Zelle)coreTechnology or IntegrationPeoples Community Bank has partnered with Zelle to provide fast and easy person-to-person money transfers. Customers can send money directly from their account to enrolled recipients in minutes through online banking or the mobile app. Zelle marks are owned by Early Warning Services, LLC and used under license.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• First Merchants Bank: Mid-sized Indiana-based commercial and consumer bank with full deposit, lending, and treasury products across Indiana and adjacent states — directly competes for the same SMB and consumer customers as Peoples Community Bank, but at broader geographic scale.
• Star Financial Bank: Indiana-headquartered community bank with personal and business banking across central Indiana — comparable regional community bank competing for similar small-town Indiana consumer and SMB customers.
• Centier Bank: Indiana-based community bank serving personal and business customers with checking, savings, CDs, mortgage lending, and digital channels — directly comparable in product mix and customer segments to Peoples Community Bank.
• Mechanics Cooperative Bank: Mutual, customer-owned community savings bank in Massachusetts offering personal and business banking with in-branch and digital channels — directly comparable on mutual ownership structure and community banking model.
• First Federal Community Bank: Mutual community savings bank in Ohio serving small-town markets with personal and business banking products — comparable on mutual ownership, single-area concentration, and traditional community banking focus.
• Lake City Bank: Indiana-headquartered community bank with a multi-branch footprint across northern Indiana, offering comparable consumer checking/savings products, mortgage lending, commercial loans, and digital/mobile banking to small-town customers similar to Peoples Community Bank's core market.
• Centreville Savings Bank: Mutual community savings bank in Rhode Island providing deposit accounts, mortgage lending, and business banking to local customers — comparable on mutual, community-focused, full-service banking model.

Broad incumbents

• OneMain Financial: Large consumer personal-loan and installment-credit provider operating across the U.S. — comparable as a competitor for Peoples' personal loan and auto loan customers, though at much larger scale and without deposit-taking.
• Discover Bank: National direct-to-consumer bank offering deposit products, personal loans, and credit cards — represents the digital-first competitive threat that local community banks must offset through service differentiation.
• Old National Bank: Large Indiana-headquartered regional bank offering comprehensive personal banking, mortgage, and business banking products across the Midwest, including the Monticello trade area — a scaled-up incumbent that competes for the same customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Peoples-Community-Bank-SB-of-Monticello-Indiana-100063626315966
• LinkedInlinkedin.com/company/peoples-community-bank-sb-of-monticello-indiana

Revenue estimate

Valuation estimate

Number of profiles

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 Peoples Community Bank SB