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SB Financial Group
-5.61%
Financial services / Community banking and financial services
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
The SB Financial Group is a financial services company based in Ohio, USA. It was founded in 1879 and has grown to become one of the leading financial institutions in the Midwestern United States. The company offers a range of banking, wealth management, insurance, and mortgage services to individuals, businesses, and communities.
The main subsidiary of SB Financial Group is State Bank, a community bank with branches throughout Ohio. State Bank offers a variety of personal and business banking services, including checking and savings accounts, loans, and investment options.
SB Financial Group also has a wealth management division called SB Financial Services, which offers investment management, financial planning, and retirement planning services to individuals and businesses.
In addition to its financial services, the company also has an insurance division called SB Financial Insurance, which offers personal and commercial insurance products.
The mission of the SB Financial Group is to provide exceptional customer service and help individuals and businesses achieve financial success. The company prides itself on its community involvement and commitment to giving back through volunteer work and charitable donations.
SB Financial Group has been recognized for its financial strength and sound business practices, receiving awards such as the BauerFinancial 5-Star Rating and the Raymond James Community Bankers Cup.
The main subsidiary of SB Financial Group is State Bank, a community bank with branches throughout Ohio. State Bank offers a variety of personal and business banking services, including checking and savings accounts, loans, and investment options.
SB Financial Group also has a wealth management division called SB Financial Services, which offers investment management, financial planning, and retirement planning services to individuals and businesses.
In addition to its financial services, the company also has an insurance division called SB Financial Insurance, which offers personal and commercial insurance products.
The mission of the SB Financial Group is to provide exceptional customer service and help individuals and businesses achieve financial success. The company prides itself on its community involvement and commitment to giving back through volunteer work and charitable donations.
SB Financial Group has been recognized for its financial strength and sound business practices, receiving awards such as the BauerFinancial 5-Star Rating and the Raymond James Community Bankers Cup.
What is special about the company?
There are several unique aspects of the SB Financial Group company:
1. Strong focus on community banking: SB Financial Group is committed to serving the local community by providing banking services tailored to the needs of small businesses and individuals.
2. Customer-centric approach: The company prioritizes building long-term relationships with its customers and strives to provide exceptional customer service.
3. Diversified financial services: SB Financial Group offers a range of financial services, including banking, wealth management, insurance, and trust services, making it a one-stop-shop for customers’ financial needs.
4. Experienced leadership team: The company boasts a highly experienced and dedicated leadership team with decades of experience in the finance and banking industry.
5. Emphasis on innovation and technology: SB Financial Group stays at the forefront of the industry by investing in technology and digital banking solutions to enhance the customer experience.
6. Commitment to corporate social responsibility: The company is committed to being a responsible corporate citizen by supporting local charities and community initiatives.
7. Strong financial performance: SB Financial Group has a solid track record of financial performance, delivering consistent shareholder value and demonstrating stability and strength in the face of economic challenges.
1. Strong focus on community banking: SB Financial Group is committed to serving the local community by providing banking services tailored to the needs of small businesses and individuals.
2. Customer-centric approach: The company prioritizes building long-term relationships with its customers and strives to provide exceptional customer service.
3. Diversified financial services: SB Financial Group offers a range of financial services, including banking, wealth management, insurance, and trust services, making it a one-stop-shop for customers’ financial needs.
4. Experienced leadership team: The company boasts a highly experienced and dedicated leadership team with decades of experience in the finance and banking industry.
5. Emphasis on innovation and technology: SB Financial Group stays at the forefront of the industry by investing in technology and digital banking solutions to enhance the customer experience.
6. Commitment to corporate social responsibility: The company is committed to being a responsible corporate citizen by supporting local charities and community initiatives.
7. Strong financial performance: SB Financial Group has a solid track record of financial performance, delivering consistent shareholder value and demonstrating stability and strength in the face of economic challenges.
What the company's business model?
SB Financial Group is a diversified financial services company that operates through various subsidiaries and offers banking, insurance, wealth management, and financial consulting services. Its business model is primarily centered around serving the financial needs of individuals, businesses, and organizations in the communities it serves. The company aims to provide comprehensive financial solutions and personalized services to its customers through its various segments, including banking, insurance, and wealth management.
SB Financial Group’s core business is its banking subsidiary, Superior Credit Union, which offers a range of traditional and digital banking products and services such as checking and savings accounts, loans, mortgages, and credit cards. The company also has a subsidiary, RDSI Banking Systems, Inc., which designs and develops software solutions for the banking industry.
In the insurance segment, the company operates through its subsidiary, Civista Insurance, which provides various coverage options for personal, business, and agribusiness insurance needs. SB Financial’s wealth management division, Bell & Company, offers investment management, financial planning, retirement planning, and trust services to individuals and businesses.
The company also offers financial consulting services through its subsidiary, SB Advisory, to assist clients with mergers and acquisitions, business valuations, financial planning, and other strategic financial decisions.
SB Financial Group’s business model focuses on maintaining strong relationships with its customers and providing them with a wide range of financial products and services to meet their specific needs. The company also aims to expand its customer base and market reach through strategic acquisitions and partnerships.
SB Financial Group’s core business is its banking subsidiary, Superior Credit Union, which offers a range of traditional and digital banking products and services such as checking and savings accounts, loans, mortgages, and credit cards. The company also has a subsidiary, RDSI Banking Systems, Inc., which designs and develops software solutions for the banking industry.
In the insurance segment, the company operates through its subsidiary, Civista Insurance, which provides various coverage options for personal, business, and agribusiness insurance needs. SB Financial’s wealth management division, Bell & Company, offers investment management, financial planning, retirement planning, and trust services to individuals and businesses.
The company also offers financial consulting services through its subsidiary, SB Advisory, to assist clients with mergers and acquisitions, business valuations, financial planning, and other strategic financial decisions.
SB Financial Group’s business model focuses on maintaining strong relationships with its customers and providing them with a wide range of financial products and services to meet their specific needs. The company also aims to expand its customer base and market reach through strategic acquisitions and partnerships.
Interesting facts about the company
1. The SB Financial Group is a financial services company that is headquartered in Defiance, Ohio. It operates multiple subsidiaries, including the State Bank and Trust Company, RDSI Banking Systems, and RDSI Banking Equipment.
2. The company was founded in 1983 as State Bankshares Inc., and changed its name to SB Financial Group in 1998.
3. SB Financial Group became a publicly traded company in 1998 and is listed on the NASDAQ stock exchange under the symbol SBFG.
4. The State Bank and Trust Company, one of the subsidiaries of SB Financial Group, was founded in 1902 and is one of the oldest community banks in northwestern Ohio.
5. SB Financial Group offers various financial services, including banking, wealth management, and insurance services, to individuals, businesses, and institutions.
6. The company has over $1.2 billion in total assets and serves customers in Ohio, Michigan, and Indiana.
7. In addition to its financial services, SB Financial Group is also committed to giving back to the communities it serves. The company supports various local organizations and initiatives, including education, economic development, and health and wellness programs.
8. SB Financial Group has received several awards and recognition for its financial performance and community involvement. In 2020, the company was named one of the top 100 community banks in the US by S&P Global Market Intelligence.
9. The current CEO of SB Financial Group is Mark Klein, who has been with the company since 1996. Under his leadership, the company has grown significantly and expanded its services and geographic reach.
10. As of 2021, the SB Financial Group has over 200 employees across its subsidiaries. The company prides itself on its strong corporate culture and values, including integrity, respect, and accountability.
See Company Due Diligence:
2. The company was founded in 1983 as State Bankshares Inc., and changed its name to SB Financial Group in 1998.
3. SB Financial Group became a publicly traded company in 1998 and is listed on the NASDAQ stock exchange under the symbol SBFG.
4. The State Bank and Trust Company, one of the subsidiaries of SB Financial Group, was founded in 1902 and is one of the oldest community banks in northwestern Ohio.
5. SB Financial Group offers various financial services, including banking, wealth management, and insurance services, to individuals, businesses, and institutions.
6. The company has over $1.2 billion in total assets and serves customers in Ohio, Michigan, and Indiana.
7. In addition to its financial services, SB Financial Group is also committed to giving back to the communities it serves. The company supports various local organizations and initiatives, including education, economic development, and health and wellness programs.
8. SB Financial Group has received several awards and recognition for its financial performance and community involvement. In 2020, the company was named one of the top 100 community banks in the US by S&P Global Market Intelligence.
9. The current CEO of SB Financial Group is Mark Klein, who has been with the company since 1996. Under his leadership, the company has grown significantly and expanded its services and geographic reach.
10. As of 2021, the SB Financial Group has over 200 employees across its subsidiaries. The company prides itself on its strong corporate culture and values, including integrity, respect, and accountability.
See Company Due Diligence:
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