Park Ridge Community Bank
Time Bank (Park Ridge Community Bank) is an FDIC-insured, owner-managed community bank in Park Ridge, Illinois providing personal and business banking products—including loans, deposits, and digital payments—to SMBs, real estate investors, developers, and individuals in the Midwest.
- Company typePrivate
- Founded1995
- HeadquartersPark Ridge, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Park Ridge Community Bank does
Park Ridge Community Bank, doing business as Time Bank, is a privately held, FDIC-insured community bank founded in 1995 and headquartered at 626 Talcott Rd, Park Ridge, Illinois. The bank is owner-managed with all credit and operational decisions made in-house, a structural choice it positions against large, bureaucratic competitors. It serves three primary customer segments: local business owners, real estate investors and developers, and individual consumers, with a particular emphasis on construction lending (on-site loan committee, designated inspectors, quick draws), SBA solutions, investment property financing, and small-balance commercial credit. Personal banking offerings include checking, savings, CDs, money markets, and home equity lines of credit, supplemented by credit cards via a third-party provider.
The bank's technology stack is built on standard fintech vendor integrations rather than proprietary platforms: Fiserv powers online and mobile banking (web9.secureinternetbank.com) and account opening (originate.fiservapps.com), Zelle provides real-time digital payments, and IntraFi handles deposit placement and FDIC sweep optimization. No AI/ML capabilities, proprietary models, or APIs are evidenced.
Revenue mechanics follow a traditional community-bank model: net interest income on the loan portfolio (business, SBA, construction, home equity, investment property), transaction-based banking fees on deposit and service accounts, and interchange from digital payment services. The bank operates from a single physical branch, with marketing and acquisition conducted through its corporate website (time.bank), Facebook, LinkedIn, and Instagram. Bauer Financial has rated it among the strongest banks in the United States, providing third-party credibility for a small-balance-sheet institution with 11-50 employees.
Park Ridge Community Bank firmographics
Firmographics- Name
- Park Ridge Community Bank
- Legal name
- Park Ridge Community Bank
- Website
- https://timetobank.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Time Bank (Park Ridge Community Bank) is an FDIC-insured, owner-managed community bank in Park Ridge, Illinois providing personal and business banking products—including loans, deposits, and digital payments—to SMBs, real estate investors, developers, and individuals in the Midwest.
- Ownership category
- akta.pro rank
Park Ridge Community Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
- akta.pro secondary industries
- Credit Cards & Revolving Credit (FSABAAAC), Real Estate (Commercial Property, REITs) (FSABACAH)
Keywords
Where Park Ridge Community Bank is headquartered
LocationHeadquarters
- HQ city
- Park Ridge
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Park Ridge Community Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income: Traditional banking revenue from interest earned on loans including business loans, SBA loans, construction loans, home equity loans, and investment property loans.
- Banking Fees and Service Charges: Fees from checking accounts, certificate of deposit accounts, money market accounts, and other banking services.
- Digital Payment Services: Revenue from Zelle digital payment services and other electronic banking transaction services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Checking Accounts |
| Other | Pay-as-you-go | Certificate of Deposit Accounts |
| Other | Pay-as-you-go | Home Equity Loans |
| Other | Pay-as-you-go | Business and SBA Loans |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels3 records
Park Ridge Community Bank product offering
Product offeringCore offering
Park Ridge Community Bank (operating as Time Bank) is a privately held, FDIC-insured community bank that delivers personal and business banking products, including checking and savings accounts, CDs, money market accounts, home equity loans, SBA loans, business lines of credit, construction loans with quick draws, and private lending. The bank differentiates through owner-managed, in-house decision-making that enables fast loan approvals and direct customer communication. Banking services are delivered through a Park Ridge, IL branch, online and mobile banking, and Zelle-powered digital payments.
Product overview
Time Bank operates as a nationally recognized community bank offering a unified suite of personal and business banking products. The portfolio includes personal checking and savings accounts, CDs and money market accounts, home equity loans and lines of credit, business banking services with investment property financing and lines of credit, SBA loans, construction loans with quick draw options, private lending, credit cards, and an online/mobile banking platform. The bank emphasizes owner-managed, in-house decision-making as a differentiator, providing easy and fast banking service with all decisions made locally. Digital payment capabilities are available through Zelle integration. The bank's lending programs cover consumer, commercial, and real estate development needs with SBA-backed and private lending options.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts
Quantifiable outcome
- All decisions made in-house leading to fast approvals and easy communication
Companies that use Park Ridge Community Bank
Customer profileSegments3 records
Ideal customer profiles3 records
Park Ridge Community Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Park Ridge Community Bank partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights4 records
Park Ridge Community Bank competitors and assessment
Company assessmentDirect peers
- First Savings Bank of Hegewisch: Illinois-chartered community bank providing personal and business banking, mortgages, and commercial lending. Comparable Midwestern community-bank charter and product offering.
- North Shore Trust and Savings: North Shore Chicago suburban community bank offering personal banking, mortgages, and small-business lending. Geographic overlap with Time Bank's Park Ridge/North Shore customer base.
- Wintrust Financial: Chicago-area community banking specialist with a multi-branch footprint across the Midwest. Closely comparable operating model of relationship-based community banking, business lending, and SBA/construction exposure.
- Bridgeview Bank Group: Chicago-area community bank serving small businesses and consumers with deposit products and commercial lending. Similar size, Chicago-area market, and community-bank value proposition.
- First Bank Chicago: Illinois community bank offering personal and business banking, SBA loans, and commercial lending. Similar size, community-bank ethos, and product mix as Park Ridge Community Bank/Time Bank.
- Byline Bank: Chicago-based community bank focused on SMB banking, SBA lending, and commercial lending. Directly comparable product mix (SBA, business banking, construction) and Chicago-area market overlap with Time Bank.
- Barrington Bank & Trust (Wintrust subsidiary): Suburban Chicago community bank under Wintrust, offering personal and business banking with SBA, construction, and mortgage lending. Comparable North Shore/suburban Chicago market and product set.
- Glenview State Bank: North Shore Chicago suburban community bank with personal/business banking, mortgages, and commercial lending. Same geographic market (North Shore/Chicago suburb) and similar community-bank positioning.
Emerging players
- Intuit QuickBooks (Banking/Payments): Embedded SMB banking and payments platform competing for small business primary banking relationships via integrated software. Represents the digital competitive threat to community banks targeting the same SMB customer segment.
Broad incumbents
- Old National Bank: Large Midwest regional bank (formed via First Midwest merger) offering the full suite of personal, business, SBA, and commercial real estate lending across multiple states. Broader scale competitor in overlapping Midwest geography.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Park Ridge Community Bank social profiles
Digital presencePark Ridge Community Bank compliance and trust
Trust signalCompliance1 record
Park Ridge Community Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Park Ridge Community Bank leadership team
Management profileNumber of profiles
Profiles3 records
Park Ridge Community Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Park Ridge Community Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Park Ridge Community Bank
What does Park Ridge Community Bank do?
Park Ridge Community Bank (operating as Time Bank) is a privately held, FDIC-insured community bank that delivers personal and business banking products, including checking and savings accounts, CDs, money market accounts, home equity loans, SBA loans, business lines of credit, construction loans with quick draws, and private lending. The bank differentiates through owner-managed, in-house decision-making that enables fast loan approvals and direct customer communication. Banking services are delivered through a Park Ridge, IL branch, online and mobile banking, and Zelle-powered digital payments.
Is Park Ridge Community Bank a public or private company?
Park Ridge Community Bank is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Park Ridge Community Bank founded?
Park Ridge Community Bank was founded in 1995. It employs 11 to 50 people.
Where is Park Ridge Community Bank based?
Park Ridge Community Bank is headquartered in Park Ridge, United States, in the North America region.
How does Park Ridge Community Bank make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are banking Fees and Service Charges and digital Payment Services.
Who are Park Ridge Community Bank's main competitors?
Direct peers on record are First Savings Bank of Hegewisch, North Shore Trust and Savings, Wintrust Financial, Bridgeview Bank Group, First Bank Chicago, Byline Bank, Barrington Bank & Trust (Wintrust subsidiary) and Glenview State Bank. Intuit QuickBooks (Banking/Payments) is listed as an emerging player. Old National Bank is listed as a broad incumbent.
Does Park Ridge Community Bank have an API?
No public API is recorded for Park Ridge Community Bank.
What industry is Park Ridge Community Bank in?
Park Ridge Community Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSABAAAC, Credit Cards & Revolving Credit. Its NAICS code is 52211 and its SIC code is 6021.