teb bancorp

What teb bancorp does

TEB Bancorp, Inc. is the privately-held holding company for The Equitable Bank, S.S.B., a Wisconsin state-chartered savings bank founded in 1927 as a building and loan association in Southeastern Wisconsin and operating continuously for nearly a century. The bank runs seven branch locations (West Allis, Whitefish Bay, Wauwatosa, Hales Corners, Waterford, Delafield, and a dedicated mortgage office in Cedarburg) and holds FDIC-insured status, serving individual consumers and small-to-medium local businesses with deposit products (checking, savings, money market, CDs, IRAs, and a Prime Rate-linked Home Saver Account), mortgage lending (purchase, refinance, construction-to-permanent, portfolio jumbo up to $1,000,000, and home equity), commercial lending and equipment financing, and wealth management through the Equitable Investment Center in partnership with Cetera Investment Services.

The technology platform combines a community banking core with full digital delivery: web-based online banking, the TEB Mobile App on iOS and Android with mobile deposit, Zelle person-to-person payments, TransferNow for external account transfers, Bill Pay with eBills, and debit card controls. Customers access 24,000+ surcharge-free ATMs via the MoneyPass and ATM Access Network partnerships. Business customers receive ACH Origination, Remote Deposit Capture, Positive Pay, Wire Transfers, Sweep Accounts, and Clover point-of-sale merchant services. Outreach and education are delivered through a Smart Start Podcast, blog content, social channels (Facebook, LinkedIn, YouTube, Instagram), homebuyer seminars, and a network of community partnerships with Better Stewards, Housing Resources Inc., Take Root Milwaukee, United Community Center, La Casa de Esperanza, ACTS Housing, and the Wisconsin Bankers Foundation.

The bank operates a hybrid community-led and direct-to-consumer go-to-market combining local branch consultation with self-service digital channels. Revenue is generated through net interest margin on deposits and loans (conforming and portfolio mortgages, home equity, commercial real estate, equipment financing), transaction and service fees (debit card interchange, ATM surcharges outside network, wire transfers), merchant services referral economics through Clover, and investment referral revenue via the Cetera partnership. Mortgage pre-approval within 24 hours on business days and in-house underwriting and servicing position the bank against regional and national competitors that rely on outsourced processing.

Name

teb bancorp

Legal name

The Equitable Bank, S.S.B.

Website

https://equitablebank.net

Company type

Private

Founded year

1927

Operating status

Operating

Short description

TEB Bancorp, Inc. is the privately-held holding company for The Equitable Bank, S.S.B., a community bank founded in 1927 serving Southeastern Wisconsin through seven branches, offering deposit accounts, mortgage lending, small business banking, and wealth management referral services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

akta.pro secondary industry

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

Keywords

• Community banking
• Retail banking services
• Residential mortgage lending
• Commercial lending services
• Small business banking

Headquarters

HQ city

Wauwatosa

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Deposit Taking: Accepting deposits from individuals and businesses including checking, savings, CDs, IRAs, and money market accounts. Generates revenue through interest rate spreads on deposited funds.
2. Mortgage Lending: Residential mortgage origination including purchase, refinance, construction financing, home equity loans, and portfolio loans. Revenue from interest on held loans and origination fees.
3. Commercial Lending: Business loans including commercial real estate financing and equipment financing for local businesses.
4. Transaction Fees: Fees from debit card transactions, ATM usage (when outside network), wire transfers, and other banking services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

TEB Bancorp, through The Equitable Bank, is a community bank providing personal deposit accounts (checking, savings, money market, CDs, IRAs, HSA), residential mortgage lending (purchase, refinance, construction, home equity, portfolio), and business banking (checking, savings, commercial lending, equipment financing, merchant services). Service is delivered via 7 Southeastern Wisconsin branches, online banking, a mobile app, and a 24,000+ ATM surcharge-free network.

Product overview

The Equitable Bank is a community bank serving southeastern Wisconsin, offering a comprehensive suite of banking products through both physical branch locations and digital channels. The core product portfolio centers on deposit accounts (checking, savings, CDs, IRAs, and the Home Saver Account), mortgage lending (including purchase, refinance, construction, portfolio, and home equity products), and business banking services (checking, savings, commercial lending, and equipment financing). Digital banking is delivered through Online Banking, the TEB Mobile App, and integrated payment services including TransferNow, Zelle, and Bill Pay. Business customers access cash management tools like ACH Origination, Remote Deposit Capture, Positive Pay, Wire Transfers, and Sweep Accounts, with merchant services powered by Clover POS. Additional offerings include investment services through the Equitable Investment Center, fraud prevention tools, educational resources including the Smart Start Podcast and Learning Center, and community-focused homebuyer seminars. The bank emphasizes local decision-making with in-house underwriting and servicing, positioning itself as a relationship-focused alternative to larger national institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts
• Personal Savings and Money Market Accounts
• Certificates of Deposit (CDs) and IRAs
• Home Saver Account
• Health Savings Account (HSA)
• Mortgage Programs (Purchase, Refinance, Home Equity, Community Lending)
• Construction Financing
• Portfolio Mortgage Loans
• Mortgage Pre-Approval
• Business Checking
• Business Savings and Money Market
• Commercial Lending
• Equipment Financing
• Online Banking
• TEB Mobile App
• Debit Cards (Personal and Business)
• TransferNow
• Bill Pay
• Zelle
• Business Cash Management Services (ACH Origination, Remote Deposit Capture, Positive Pay, Wire Transfers, Sweep Accounts)
• Merchant Services (Clover POS)
• Investment Center (Wealth Management)
• Refer a Friend Program

Quantifiable outcome

• Pre-approvals completed within 24 hours on business days with no fee
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered flagship, core and minor.

• Better StewardsflagshipStrategic or Co-development PartnerCommunity partnership supporting pathways to homeownership and financial stability. Veron Gray, Director of Community Relations, serves on the Better Stewards Board. The bank provided a $10,000 grant through Wisconsin Bankers Association Foundation to support the Beyond the Keys program providing ongoing education after home purchase.
• Housing Resources Inc. (HRI)flagshipStrategic or Co-development PartnerNonprofit organization dedicated to helping first-time homebuyers prepare for successful homeownership since 1991. Provides homebuyer education workshops required for many grant and loan programs. The bank refers customers to HRI for education and counseling.
• Take Root MilwaukeecoreStrategic or Co-development PartnerCommunity organization helping make homeownership more accessible through education and resources in the Milwaukee area.
• MoneyPasscoreTechnology or IntegrationATM network partnership providing surcharge-free cash withdrawals at 24,000+ ATMs nationwide for bank customers.
• ATM Access Network (Wisconsin Bankers Association)coreTechnology or IntegrationWisconsin Bankers Association subsidiary providing surcharge-free ATM access across Wisconsin community banks.
• Wisconsin Bankers FoundationcoreStrategic or Co-development PartnerFoundation providing financial literacy programs in Wisconsin classrooms and communities. Bankers volunteer for presentations, children's reading programs, homeownership workshops, and fraud prevention seminars.
• United Community Center (UCC)coreStrategic or Co-development PartnerLocal nonprofit serving the Hispanic community offering first-time homebuyer seminars and financial education programs in partnership with the bank.
• La Casa de EsperanzaminorStrategic or Co-development PartnerCommunity organization providing financial education and homeownership resources for Spanish-speaking residents.
• ACTS HousingminorStrategic or Co-development PartnerHousing organization providing counseling and support services for prospective homebuyers referred by the bank.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Associated Banc-Corp: Larger Wisconsin-headquartered regional bank offering consumer, commercial, and mortgage banking across the state and broader Midwest — overlapping capabilities with TEB but with significantly larger scale and product breadth.
• Wintrust Financial Corporation: Multi-state community banking roll-up with multiple Wisconsin charters — represents the broader play of scaling community banking via acquisition, a strategic analogue to potential TEB consolidation paths.
• Old National Bank: Large Midwestern community banking franchise serving consumers and SMBs with deposit, lending, and wealth services — analogous scaled community-banking business model relevant to TEB's growth and consolidation trajectory.

Direct peers

• Johnson Bank (Johnson Financial Group): Wisconsin-headquartered community bank and holding company offering consumer/commercial banking and wealth management across the state — same multi-generational, relationship-driven playbook as TEB but with broader scale.
• Nicolet National Bank: Wisconsin-based community bank with strong mortgage and commercial banking franchises and a community-banking operating model — closely comparable product mix, footprint, and customer segment.
• North Shore Bank: Federally chartered savings bank headquartered in Brookfield, WI, with branches concentrated in the Milwaukee metro — directly comparable community-bank footprint serving the same SE Wisconsin deposit and mortgage market as The Equitable Bank.
• Town Bank (Wintrust subsidiary): Wisconsin community bank acquired by Wintrust Financial, serving SMBs and consumers in the Milwaukee area with deposit, lending, and treasury services — directly competitive with TEB's business banking offering.
• Commerce State Bank: Wisconsin community bank serving SE Wisconsin consumers and small businesses with deposit and lending products — directly comparable community-bank peer in TEB's core market.
• PyraMax Bank: Wisconsin community bank providing personal, business, and mortgage banking — comparable community-bank scale, geographic focus, and product breadth to The Equitable Bank.
• Westbury Bank: Wisconsin-based community bank serving consumers and small businesses — directly comparable community-bank operating model and product set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/TheEquitableBank
• Facebookfacebook.com/TheEquitableBank
• LinkedInlinkedin.com/company/the-equitable-bank-s.s.b.
• Instagraminstagram.com/theequitablebank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 teb bancorp