Cedar Rapids Bank & Trust

What Cedar Rapids Bank & Trust does

Cedar Rapids Bank & Trust (CRBT) is a privately held community bank headquartered in Cedar Rapids, Iowa, operating as a subsidiary of QCR Holdings. Founded in 1995, the bank employs 101-250 staff and serves three primary customer segments: individual consumers, business and commercial clients (including ESOP companies and professional practices), and high-net-worth individuals. Its geographic footprint is concentrated in the Cedar Rapids, Iowa market with a new Mt Vernon Road branch planned for Spring 2027.

CRBT delivers its services through three integrated divisions: Personal Banking (checking, savings, credit cards, mortgages, home equity, personal and auto loans, student loans, HSAs, and the youth-oriented Dough Zone account), Business Banking (commercial services, lines of credit, SBA lending, commercial real estate financing, treasury management, merchant services, business credit cards, and international services), and Wealth Management (trust and investment services, Cedar Rapids Investment Consulting, and private banking delivered in partnership with LPL Financial). The underlying technology stack is standard commercial banking infrastructure: online and mobile banking on iOS and Android, mobile deposit, card control, a Money Manager budgeting tool, ClickSwitch for account migration, and digital wallet integrations with Apple Pay, Google Pay, Samsung Pay, and Zelle. All deposits are FDIC-insured.

Revenue is generated through three streams: net interest income from the spread on loans (mortgages, commercial, home equity) and deposits; non-interest income from account fees, credit card services, merchant services, treasury management, and wire transfers; and recurring wealth management and trust fees sourced through the LPL Financial partnership. The bank's go-to-market is a hybrid direct-to-consumer model combining physical branches with full digital banking channels, complemented by a Friends & Family referral program and long-running community event sponsorships (most notably the 21-year Movies on the Riverbank series at McGrath Amphitheatre). The bank is led by CEO Darius Allen, and its 2017 acquisition of Guaranty Bank & Trust evidences historical inorganic growth capacity within Iowa.

Name

Cedar Rapids Bank & Trust

Legal name

Cedar Rapids Bank & Trust

Website

https://crbt.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Cedar Rapids Bank & Trust is a privately held community bank in Cedar Rapids, Iowa, serving individuals, businesses, and high-net-worth clients with personal banking, commercial lending, and wealth management services as a subsidiary of QCR Holdings.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

akta.pro secondary industries

Balance-Sheet / Portfolio CRE Lending (FSALADAG), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

• Community banking services
• Commercial lending
• Wealth management
• Treasury management
• Mortgage lending

Headquarters

HQ city

Cedar Rapids

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Traditional banking revenue from spread between interest earned on loans (mortgages, commercial loans, home equity) and interest paid on deposits.
2. Non-Interest Income: Fee-based revenue from checking account fees, credit card services, merchant services, treasury management services, wire transfers, and other banking service charges.
3. Wealth Management & Trust Services: Revenue from trust and investment services, private banking, and investment consulting through partnership with LPL Financial.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Cedar Rapids Bank & Trust (CRBT) is a community bank headquartered in Cedar Rapids, Iowa, providing personal banking (checking, savings, credit cards, mortgages, home equity, personal/auto/student loans), business banking (commercial lines of credit, SBA lending, commercial real estate, treasury management, merchant services, business credit cards, international services), and wealth management services (trust, investment consulting via LPL Financial, and private banking). The bank delivers these services through physical branches, online and mobile banking platforms, and digital payment integrations.

Product overview

Cedar Rapids Bank & Trust (CRBT) operates as a traditional community bank offering a unified suite of banking services organized into three main divisions: Personal Banking, Business Banking, and Wealth Management. Personal banking products include deposit accounts (checking with the flagship MAXX Checking brand, savings, and the youth-oriented Dough Zone accounts), credit cards, online/mobile banking with mobile deposit and card control features, and various loan products (mortgages, home equity, personal/auto loans, and student loans). Business banking encompasses commercial lending (SBA, commercial real estate, lines of credit), treasury management services, merchant services, business credit cards, and international services. Wealth management includes trust and investment services, investment consulting through LPL Financial, and private banking. The bank also provides ancillary services including Zelle for person-to-person payments, digital wallet integrations (Apple Pay, Google Pay, Samsung Pay), and account switching tools through ClickSwitch.

Differentiator

Problem solved

Functional benefit

Brands

• MAXX Checking®: Premium checking account product offering competitive rates and benefits.
• Money Manager
• ClickSwitch™
• Movies on the Riverbank

Products and services

• MAXX Checking Premium personal checking account designed to work as hard as the customer does, with brand-new promotional bonuses available through June 30.
• Personal Savings Accounts
• Dough Zone Kids Accounts
• Personal Credit Cards
• Health Savings Account (HSA)
• Online and Mobile Banking
• Mortgage Loans
• Home Equity Line of Credit
• Personal and Auto Loans
• Student Loans
• Business Lines of Credit
• SBA Lending
• Commercial Real Estate Financing
• Treasury Management Services
• Merchant Services
• Business Credit Cards
• International Services
• Professional Practice Group Banking
• Trust & Investment Services
• Cedar Rapids Investment Consulting
• Private Banking Services

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• LPL FinancialcoreChannel Partner/ Reseller/ DistributorLPL Financial is a strategic partner providing investment and wealth management services. CRBT offers trust, investment, and private banking services through LPL, with access to LPL Account View, FINRA resources, and SIPC protection for investment accounts.
• McGrath AmphitheatrecoreGTM or Marketing PartnerCRBT sponsors the Movies on the Riverbank event at McGrath Amphitheatre in Downtown Cedar Rapids - a 21-year tradition of community entertainment, moonlight, movies, food and family fun under the stars.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Hills Bank: Iowa-based community bank headquartered in Hills, Iowa, offering personal, business, and wealth management banking services in Eastern Iowa markets similar to CRBT's Cedar Rapids focus. Directly comparable in scale, product mix, and community banking model.
• Bankers Trust: Des Moines-based Iowa community bank offering personal, commercial, and wealth management banking with comparable product suite including SBA lending, treasury management, and private banking—directly competitive with CRBT in Iowa.
• MidWestOne Financial Group: Iowa-headquartered community bank holding company with similar three-pillar personal/commercial/wealth model, also listed and operating branches across Iowa and adjacent states. Comparable in size, structure, and product offerings to CRBT/QCR Holdings.
• Heartland Financial USA (HTLF): Multi-state community bank holding company based in Dubuque, Iowa, operating multiple community bank charters across the Midwest. Highly comparable operating model and product mix to QCR Holdings/CRBT structure.
• West Bank: Iowa-based community bank offering personal, business, and wealth management services with strong community focus. Comparable scale and product offerings to CRBT within overlapping Iowa geography.

Broad incumbents

• U.S. Bancorp: Large national bank with significant Iowa and Midwest presence offering the full suite of banking, lending, and wealth services. Overlaps with CRBT but operates at vastly larger scale and broader geographic footprint.
• Wells Fargo: Major national bank with substantial Iowa retail and commercial banking presence, competing directly with CRBT for personal and small business customers through branches and digital channels.

Regional players

• Two Rivers Financial Group: Iowa-based community banking organization serving Eastern Iowa markets with personal and commercial banking. Comparable community bank model focused on regional Iowa markets overlapping with CRBT.
• Northwest Bank (Northwest Financial Corp): Midwest-focused community bank with Iowa operations offering personal, commercial, and wealth services. Comparable regional community bank positioning serving overlapping Iowa customer segments.

Others

• QCR Holdings (parent): Public NASDAQ-listed parent holding company of CRBT operating multiple community bank charters across Illinois, Iowa, Missouri, and Wisconsin. Provides context on the consolidated scale and M&A platform supporting CRBT's operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cedarrapidsbankandtrust
• LinkedInlinkedin.com/company/cedar-rapids-bank-and-trust

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cedar Rapids Bank & Trust