A locally-owned community bank from Indiana, Alliance Bank was founded in 1930 and has proudly served its local community, local businesses, and local farmers since then.
Headquartered in Francesville, the bank has just seven offices and serves the communities of Benton, Pulaski, Jasper, and White Counties. Despite being a smaller community bank, they have developed a reputation for competitive mortgage rates and employing cutting-edge financial technology to benefit their customers. Alliance Bank’s focus on assisting the community also extends to charity work. The bank volunteers nearly 500 hours and donates around $50,000 to local organizations yearly.
What is Alliance Bank?
Alliance Bank is a locally-owned community bank based in Francesville, Indiana. It offers a range of business, personal, and agribusiness banking products focused on assisting the local communities of Benton, Pulaski, Jasper, and White Counties.
What is a Community Bank?
A community bank is a locally-owned financial institution that focuses on the needs and interests of its local communities. Alliance Bank is a community bank because it offers specialized services such as small business loans, agribusiness banking, and refinancing options to members of its local communities.
While community banks might have a different product range and services than large national banks, they offer more personalized customer service and a better understanding of the local community’s unique needs.
They often provide specific services or loans to individuals who would not qualify based on the criteria used by larger national banks.
In addition, community banks often support small local businesses more than larger national banks as they understand the importance of a thriving local economy.
What Features and Services Does Alliance Bank Have?
Alliance Bank offers a range of features, including:
Personal Banking
Alliance Community Bank offers its customers a wide range of personal banking services, from personal checking and savings accounts to individual retirement accounts (IRAs) and financial planning services.
As you might expect from a community bank, many services come with additional features that benefit their customers. These features include identity monitoring, a credit score tracker, a cell phone protection scheme, and even $10,00 of identity theft expense reimbursement coverage.
These services combine standard banking services with more personalized and tailored support. This means you have the convenience of a large bank but the customer service of a local lender.
Business Banking
With a focus on providing services that benefit its specific local community, Alliance Community Bank offers a range of business banking services designed to help small and medium-sized businesses. Services include:
- Checking and savings accounts.
- Lines of credit.
- Merchant card services.
- Cash management services for local companies.
As an IntraFi Network member, Alliance Community Bank provides many of the same features that larger banks offer, such as payment solutions and online banking services. In addition, the bank also offers value-added services for business customers, including access to payroll management services, mobile deposit options, and remote deposit capture capabilities.
Digital Banking
As mentioned, just because Alliance is a community bank doesn’t mean it doesn’t offer a range of digital banking services.
The Alliance Community Bank digital banking platform gives customers the option to view their accounts and transactions, move money between Alliance Bank accounts, deposit checks via the app, and set up custom banking alerts.
For business customers, Alliance also offers wire transfer services for both domestic and international transactions. This allows businesses to send and receive payments quickly and securely.
The Positive Pay function helps to combat fraudulent transactions, providing an extra layer of security for business customers, while the ACH Origination service makes it easy to set up direct deposits for employees.
Loans
Alliance offers mortgages, personal loans, home equity, and more specific products such as commercial and agribusiness loans. On the commercial front, Alliance offers lines of credit, term loans, and SBA loans. They also provide specific loan products for real estate investments, equipment leasing, and commercial vehicles.
For agribusiness customers, they offer crop and livestock financing, operating lines of credit, equipment leasing, and funding for marketing cooperatives. Alliance also provides expert advice on risk management strategies to help agribusiness customers better manage their finances.
What Makes Alliance Bank Stand Out?
Compared to national banking chains, Alliance Banks is heavily focused on providing the products and services that its local community needs. As a result, Alliance Bank can provide tailored and flexible banking services for its customers.
These services range from a modern app-based digital banking service to agribusiness-specific products and services you wouldn’t find in your local bank.
Alliance also has a local presence in most of its communities, which helps foster relationships with businesses and individuals. The ability to offer personalized service gives Alliance Bank an edge over larger national banks when dealing with customers and businesses from their local community.
How Does Alliance Bank Compare to Other Community Banks?
Alliance Bank prides itself on its positive impact on its local community. Since it’s been successfully operating since 1930, it has had plenty of time to perfect its services.
By offering features like competitive interest rates, generous loan amounts, and localized customer service, Alliance Bank can offer a level of convenience and care that surpasses many larger national banks with whom it competes.
Is Alliance Bank Right for You?
Unlike many businesses reviewed here, Alliance Bank is, to some extent, location specific. Because it only serves the communities of Benton, Pulaski, Jasper, and White Counties in Indiana, its services may not be available to everyone.
However, if you live in any of these counties, Alliance Bank might be the ideal financial institution for you. With low fees and excellent customer service, Alliance Bank offers a level of convenience that many larger banks can’t match.
Plus, with its commitment to local causes and community involvement, choosing Alliance Bank means you’re actually making a difference in the lives of those around you.
How to Get Started with Alliance Bank
Getting started with Alliance Bank is as simple as opening an account with them. They offer checking and savings accounts, credit cards and loans. You can apply for these services online or in person at your nearest branch.
Alliance Bank also offers various services to help you run your business if you’re a business owner. From merchant accounts to online banking and treasury management solutions, they have everything you need to ensure your business runs smoothly.
If you need agribusiness banking services, Alliance Bank can also provide you with the tailored financial solutions your business needs. They are a leader in local agribusiness financing, and their knowledgeable professionals can help you make the best decisions for your business.
