Question 1

What is Denison State Bank?

Accepted Answer

Denison State Bank is a locally-owned community bank serving northeast Kansas. With approximately $454 million in total assets and $369 million in deposits, it operates as a state-chartered commercial bank with agricultural specialization. The bank serves Jackson, Jefferson, and Shawnee counties with a focus on building long-lasting relationships with customers through professionalism and fair dealing.

Denison State Bank has earned a 5-Star rating from Bauer Financial and an A+ rating from DepositAccounts.com for safety and soundness. The bank employs approximately 78 staff members across its five full-service branches.

Question 2

When was Denison State Bank founded?

Accepted Answer

Denison State Bank was incorporated on January 1, 1901, in Denison, Kansas. Joseph S. Lanning served as the first president, and the bank opened with $7,000 in capital stock and $37,000 in total assets.

The bank started in a new stone building on the west side of Central Avenue in Denison. In 1925, it moved to a larger, more modern building across the street. The Coleman family became involved in 1909 when David Coleman and his son Walter A. Coleman purchased bank stock, continuing a family banking tradition started by George Coleman who served early settlers in the area.

In 1939, under the leadership of Walter A. Coleman, the bank relocated to Holton, Kansas, to better serve customers and participate in Jackson County's growth. Despite the move, the corporate name remained "The Denison State Bank" to honor its heritage. The bank has operated continuously under its original name for over 120 years.

Question 3

Where is Denison State Bank headquartered?

Accepted Answer

Denison State Bank is headquartered at 421 New York Avenue in Holton, Kansas. The main office is located in downtown Holton on the west side of the town square.

Question 4

Where does Denison State Bank operate?

Accepted Answer

Denison State Bank operates five full-service branches throughout northeast Kansas in Jackson, Jefferson, and Shawnee counties. Branch locations include two offices in Holton (the main office and a branch on Arizona Avenue), plus branches in Hoyt, Meriden, and Topeka.

The bank's service area encompasses the Topeka metropolitan statistical area and surrounding rural communities. Its footprint reflects steady expansion through both organic growth and strategic acquisitions, including the 2003 acquisition of a branch from INTRUST Bank in Holton and the 2003 acquisition of Countryside Bank with locations in Meriden and Topeka.

Question 5

What services does Denison State Bank offer?

Accepted Answer

Denison State Bank provides comprehensive retail and commercial banking services including deposit accounts, consumer loans, commercial and industrial lending, real estate secured lending, and agricultural financing. The bank specializes in agricultural lending, reflecting the needs of its rural Kansas communities.

Digital banking services include DSBconnect online and mobile banking platforms with features such as account management, bill pay, person-to-person payments (P2P), external transfers, mobile remote deposit capture, and debit card management with on/off controls. The mobile app is available for both iOS and Android devices.

Additional services include digital signature capabilities through Kinective SignPlus for loan and deposit documentation, mobile wallet integration (Apple Pay and Google Pay), online loan payment processing, and round-up savings programs. The bank emphasizes meeting customers where they are, whether in-branch or through digital channels.

Question 6

What makes Denison State Bank unique?

Accepted Answer

Denison State Bank distinguishes itself through local ownership and deep community roots spanning over 120 years. The bank is owned by Denison Bancshares Inc., a locally-owned holding company based in Holton, with a seven-member board of directors who all reside in the Holton or Topeka area.

The bank maintains an agricultural specialization, serving the farming communities of northeast Kansas with expertise in agricultural lending and rural banking needs. This specialization aligns with the bank's original mission of serving settlers and farmers in the region.

Denison State Bank has received recognition including the Community Leader Award from FHLBank Topeka in 2017 and Kansas Business Appreciation Awards in 2001 and 2006. Board members, officers, and staff actively volunteer in local chambers of commerce, economic development organizations, and service clubs throughout their service area.

Question 7

What type of financial institution is Denison State Bank?

Accepted Answer

Denison State Bank is a state-chartered commercial bank supervised by the FDIC. It is not a member of the Federal Reserve System. The bank operates as an S-Corporation and holds agricultural specialization designation.

As a community bank, Denison State Bank focuses on relationship banking and serving the financial needs of individuals, small businesses, agricultural operations, and local government entities in northeast Kansas. The bank maintains FDIC insurance (Certificate #15305) and operates under Kansas state banking regulations.

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