A northwest Ohio institution
GenoaBank traces its founding to 1902 and describes itself as locally owned and independent. Its home remains Genoa, while the service area reaches beyond that community into the Toledo region and communities toward Lake Erie. The bank identifies Lucas, Ottawa, Sandusky, Wood, Fulton and Erie counties in Ohio, together with Monroe County in Michigan, as markets it serves. That statement describes customer reach; it does not mean that every county has a branch. [3]
The insured legal entity is The Genoa Banking Company, FDIC certificate 2285, with its recorded headquarters at 801 Main Street, Genoa, Ohio. It is a state-chartered Federal Reserve member bank. The Federal Reserve’s May 2024 evaluation identifies it as wholly owned by GenBanc, Inc. The bank and holding company are separate reporting entities. [1][4]
A branch network spanning different communities
The bank’s history page lists offices in Elmore, Fremont, Maumee, Millbury, Oregon, Perrysburg/Rossford, Port Clinton/Catawba, Sylvania and downtown Toledo, in addition to its Genoa roots. This combines smaller towns with suburban and urban locations rather than relying on a single local market. [3]
One dated expansion is independently documented: the Federal Reserve records a Fremont branch opening on January 16, 2024. The opening fell outside the lending period used for that CRA examination, illustrating why a current office directory and an older regulatory assessment can show different footprints without either necessarily being wrong. [4]
Homes and commercial property
Genoa’s public menu includes mortgages, automobile finance and personal loans alongside business lending. For companies, it offers commercial real estate finance, equipment loans, working-capital borrowing and operating credit lines. Fixed- and variable-rate structures serve different needs, and the bank also lists remote check deposit and merchant card processing among the associated services. A credit line provides borrowing capacity that can be used as operating needs change; an equipment loan finances a longer-lived asset. [6][7]
These products connect the bank to both household income and business cash flow. A property-backed loan still depends on repayment capacity, not simply the existence of a building as collateral. The product menu describes available services, but it does not establish approval standards, current demand or the amount retained in each lending category.
Agriculture has its own financing menu
Farm finance is a distinct offering. Genoa lists land and facilities, equipment, operating loans and Farm Service Agency-guaranteed lending. It also participates in Ohio’s Ag-LINK program and markets an Enviro-Line of Credit for nutrient stewardship and conservation-related practices. Those details distinguish its agricultural business from a generic commercial-loan offering. Program eligibility and the borrower’s circumstances determine what is actually available. [5]
The bank explains that Ag-LINK uses a below-market state deposit or investment to support a corresponding reduction in the borrower’s loan rate. This is a financing mechanism, not a grant or a promise that every applicant receives funds. Farm operating finance also has a different timing pattern from equipment purchases: expenses can arrive well before crops or other output produce cash. [5]
Deposits, digital access and investing
Personal checking, savings, certificates of deposit and retirement deposit accounts sit alongside digital banking and debit-card services. Business checking and digital services extend the relationship beyond borrowing. Deposits are money the bank owes its customers; they are a source of funding rather than earnings. Their usefulness to the institution depends on cost and retention as well as the headline balance. [7]
GenoaFinancial offers access to brokerage accounts, retirement rollovers, money management, stocks and bonds, mutual funds, annuities and insurance planning. Its public disclosures identify LPL Financial in the investment relationship. These services need to be distinguished from an ordinary deposit account: investing involves market risk and should not be treated as an extension of deposit insurance. [8]
The June 2026 financial snapshot
At June 30, 2026, the legal bank reported $747.848 million in assets, $664.685 million in deposits and $564.236 million in net loans and leases. It reported $3.100 million in net income for the first six months of 2026. These are bank-level FDIC figures, expressed here in millions after conversion from the source’s thousands; net income covers January through June, not just the second quarter. [2]
Real-estate-secured loans totaled $506.071 million, including $172.341 million secured by nonfarm nonresidential property. This makes property-related credit an important exposure, although collateral categories do not by themselves identify every borrower’s industry or repayment source. A single quarter-end does not establish a growth trend. [2]
Community-credit evidence and its limits
The May 13, 2024 CRA evaluation rated Genoa Outstanding overall, with Satisfactory lending performance and Outstanding community development. The examination evaluates service to community credit needs, including lower-income households and neighborhoods. It is not a solvency or investment rating. [4]
The financial questions remain separate: borrowers’ ability to repay, the value and marketability of collateral, deposit pricing and the effect of rate changes on loans and securities. This profile does not assign a safety grade or infer current credit quality from the bank’s longevity or community designation.
Sources
- FDIC BankFind: legal institution and statusOfficial sourceBack to text: ↑
- FDIC bank financial reports, June 30, 2026; dollars in thousandsOfficial sourceBack to text: ↑1↑2
- GenoaBank: history and service areaSourceBack to text: ↑1↑2
- Federal Reserve: May 13, 2024 CRA evaluationOfficial sourceBack to text: ↑1↑2↑3
- GenoaBank: agricultural lendingSourceBack to text: ↑1↑2
- GenoaBank: commercial lendingSourceBack to text: ↑
- GenoaBank: deposit and digital service menuSourceBack to text: ↑1↑2
- GenoaFinancial: services and provider disclosuresSourceBack to text: ↑