Wintrust Bank

What Wintrust Bank does

Wintrust Bank, N.A. is a federally chartered national bank and wholly-owned subsidiary of Wintrust Financial Corporation (NASDAQ: WTFC), operating as the largest community-banking franchise within the holding company's 16-bank charter structure. Founded in 1991 in a northern Chicago suburb as an alternative to large national banks, Wintrust today operates 200+ branch locations across Illinois, Wisconsin, Michigan, Indiana, and southwest Florida with $71 billion in consolidated parent assets. The bank operates on a relationship-based community banking model, delivering personal banking (checking, savings, CDs, HELOCs, mortgages, credit cards via Elan Financial Services), small business banking (three business checking tiers, SBA Express/7(a)/504 lending up to $10 million, cash management with Positive Pay and remote deposit capture), commercial banking (asset-based lending, capital markets, commercial lending and leasing, treasury management, industry-specific solutions for condo/HOA, government, healthcare, franchise, and ESOP), and wealth management services.

The technology foundation is a traditional core banking platform supplemented by digital banking capabilities including iOS and Android mobile apps, Zelle P2P payments, mobile deposit, online account opening, and Trusteer-provided fraud protection. The MaxSafe program is a structural differentiator: by spreading customer deposits across the holding company's 16 separate FDIC-chartered community banks, Wintrust extends insured deposit coverage from the standard $250,000 to up to $4 million per accountholder — a multi-charter arrangement that single-bank competitors cannot replicate.

Revenue is generated through five primary streams: net interest income on commercial, residential mortgage, HELOC, and consumer loan portfolios net of deposit interest expense; fee-based income on deposit accounts (monthly maintenance, ATM, wire, safe deposit); credit card interchange earned through the Elan Financial Services card-issuance partnership; wealth management advisory, asset management, and trust fees through Wintrust Wealth Management; and SBA loan origination fees, packaging fees, and gain-on-sale on secondary market SBA loan sales. Customer acquisition is driven primarily through physical-branch relationship managers, local community events (Platinum Adventures Club for 50+ customers, Junior Savers Club for children), FDIC Money Smart financial education seminars, and referral-based community networking across the five-state footprint.

Name

Wintrust Bank

Legal name

Wintrust Bank, N.A.

Website

https://wintrustbank.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Wintrust Bank, N.A. is a federally chartered community bank subsidiary of Wintrust Financial Corporation, operating 200+ branches across Illinois, Wisconsin, Michigan, Indiana, and Florida with $71 billion in assets, serving consumers, small businesses, middle-market firms, and HNW clients with deposits, SBA lending, mortgages, and wealth management under a 16-charter MaxSafe structure.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218), Credit Card Issuing (52221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Community banking services
• Residential mortgage lending
• SBA loan programs
• Commercial banking solutions
• Wealth management services

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Primary revenue stream from interest earned on loans (commercial, residential mortgages, HELOCs, consumer loans) minus interest paid on deposits. Traditional community bank model generating spread income.
2. Fee-Based Income: Monthly maintenance fees, transaction fees, ATM fees, wire transfer fees, safe deposit box rentals, and other service charges on deposit accounts.
3. Credit Card Interchange: Credit card revenue through partnership with Elan Financial Services. Wintrust earns interchange on card transactions while Elan issues and services the cards.
4. Wealth Management: Asset management fees, investment advisory fees, and trust services revenue through Wintrust Wealth Management division.
5. Loan Origination Fees: SBA loan origination fees, packaging fees, and gain on sale of SBA loans in the secondary market.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels7 records

Core offering

Wintrust Bank is a community bank operating 200+ locations across 16 bank charters providing personal banking (checking, savings, CDs, mortgages, HELOCs, credit cards), small business banking (business checking, SBA loans, cash management), commercial banking (asset-based lending, treasury management, commercial lending), and wealth management services. The bank generates revenue primarily through net interest income on loans and deposits, with additional fee income from deposits, credit card interchange, and wealth management advisory services.

Product overview

Wintrust Bank is a community banking organization operating 16 bank charters with over 200 locations. The company offers a comprehensive suite of banking products organized into personal banking (checking accounts including Total Access Checking, Access Plus Checking, and Premier Checking; savings products including Statement Savings Advanced and CDs; credit cards through Elan Financial Services; home equity lines of credit; mortgages through Wintrust Mortgage division), small business banking (Entrepreneur Checking, Business Community Checking, Have-It-All Business Checking, SBA loans including Express, 7(a), and 504 programs; merchant services; i-BusinessCapturePro remote deposit), commercial banking (asset-based lending, capital markets, commercial lending and leasing, treasury management, international services), and wealth management services. The bank also offers specialized programs including MaxSafe for enhanced FDIC coverage up to $4 million, loyalty programs (Junior Savers Club for children and Platinum Adventures Club for customers 50+), and digital banking with Zelle integration. Products are delivered through physical branches, online banking, and mobile applications for iOS and Android devices.

Differentiator

Problem solved

Functional benefit

Brands

• Wintrust Mortgage: Residential mortgage division providing home purchase, refinance, and home equity solutions, operating as a division of Barrington Bank & Trust Company, N.A.
• Wintrust Wealth Management
• Money Smart Checking
• Platinum Adventures Club
• Junior Savers Club
• MaxSafe
• Wintrust Digital Banking

Products and services

• Total Access Checking Personal everyday checking account with $100 to open, no minimum monthly balance or monthly maintenance fees, free ATMs nationwide through Allpoint/MoneyPass/SUM networks, and Early Pay feature for direct deposits up to 2 business days early. Designed for individual consumers seeking basic community banking.
• Access Plus Checking Enhanced interest-bearing checking account with variable interest paid monthly, waived safe deposit box fee for 3x5, free first order of specialty checks, one outgoing domestic wire fee reimbursement, and waived incoming wire fees. $10 monthly fee waived with $2,500 average daily balance or $25,000 combined relationship balance. Designed for consumers seeking enhanced benefits.
• Premier Checking Premium tiered variable interest checking account with 0.15% rate bonus on Statement Savings Advanced, waived safe deposit box fees for 3x10, waived stop payment fees, and up to 5 outgoing domestic wire reimbursements. $25 monthly fee waived with $10,000 average daily balance or $75,000 combined relationship balance. Designed for affluent consumers.
• Money Smart Checking Entry-level checking account for credit building with $10 to open, no minimum balance requirements, no maintenance fees, no overdraft fees, debit card with up to 6 free out-of-network ATM reimbursements, and optional Dollar-A-Day savings. Designed for credit-building consumers.
• Statement Savings Advanced Interest-bearing savings account offering 2.00% APY with qualifying activities. Variable rate, no minimum to open, and $200 daily balance requirement to avoid $5 monthly maintenance fee. New money only. Designed for individual savers seeking high-yield deposits.
• Certificate of Deposit (CD) Fixed-rate certificate of deposit with various terms. 13-Month CD Special offers 4.00% APY. Requires $1,000 minimum to open with automatic renewal at maturity at standard rate. Designed for conservative savers seeking guaranteed returns.
• Money Smart Savings Interest-bearing savings account paired with Money Smart Checking for financial success planning. Includes up to 6 free out-of-network ATM reimbursements when linked to debit card. Designed for credit-building consumers.
• Personal Credit Cards Visa credit cards issued by Elan Financial Services with zero fraud liability, mobile purchasing capability, and 24/7 cardmember service. Options for cash back, rewards, and credit building available. Designed for individual consumers.
• Home Equity Line of Credit (HELOC) Variable-rate revolving credit line using home equity with a 10-year draw period and flexible access to funds. Rates range from 6.75% to 7.50% APR depending on loan amount. Fixed-rate options available. $75 annual fee waived first year. Designed for homeowners seeking equity-based financing.
• Everyday Loan Fixed-rate personal loan up to $5,000 with quick approval decision. Rates based on Prime Rate plus 5.00% margin (11.75% APR as of December 2025), generally lower than most credit cards. Designed for credit-building consumers needing small-dollar credit.
• Money Smart CD Loan Loan starting at $500 used to purchase a Certificate of Deposit of the same amount. Borrower makes fixed monthly payments, and when paid off, the CD with earned interest becomes theirs. Designed for credit-building consumers.
• Wintrust Mortgage Residential mortgage division of Barrington Bank & Trust Company offering purchase, refinance, and home equity solutions nationwide. Includes Relationship Pricing Program for Wintrust customers with closing cost credits or reduced rates. Designed for homebuyers and homeowners seeking mortgage financing.
• Entrepreneur Checking Business checking for startups with no minimum balance or maintenance fees, 150 free monthly transactions, and free i-BusinessBanking profile with mobile remote deposit capture. $20 fee if 76+ transactions without $1,500 balance. Designed for small businesses and startups.
• Business Community Checking Established business checking with $20 monthly maintenance fee if $2,500 minimum average balance not maintained, 250 free monthly transactions, and free i-BusinessBanking profile with unlimited non-token users. Designed for small to mid-sized businesses.
• Have-It-All Business Checking Premium business checking for larger enterprises with $20,000 minimum average collected balance requirement to avoid $30 monthly maintenance fee, 400 free monthly transactions, and comprehensive banking services. Designed for established mid-sized businesses.
• SBA Express Loan Small Business Administration loan up to $500,000 for expansions, acquisitions, and cash flow management with expedited turnaround time and revolving lines of credit available. Designed for small businesses needing quick SBA financing.
• SBA 7(a) Loan Most popular SBA loan up to $5 million for business expansion, company acquisition, debt refinance, or working capital. Can exceed traditional bank collateral requirements with $2,500 packaging fee. Fees can be financed. Designed for small to mid-sized businesses.
• SBA 7(a) Working Capital Pilot Program Working capital line of credit that finances account receivables and inventory purchase. Interest-only payments on funds actually used, suitable for non-conventional financing needs. Designed for small businesses needing flexible working capital.
• SBA 504 Loan SBA loan up to $10 million for acquisition or refinance of equipment and owner-occupied real estate with down payments as low as 10% and longer-term fixed rates on a portion of financing. Designed for businesses needing commercial real estate or equipment financing.
• Wintrust Digital Banking Online and mobile banking platform providing account access, Zelle P2P payments, mobile deposit, financial insights, and bill pay. Available via iOS and Android apps distributed through Apple App Store and Google Play. Designed for personal and business digital banking customers.
• Wintrust Treasury Management Comprehensive cash management services for commercial clients including merchant processing, ACH origination, wire transfers, and fraud prevention tools. Sold through dedicated treasury management sales officers. Designed for commercial and mid-market business clients.
• Wintrust Wealth Management Asset management, private banking, investment advisory, and trust and estate services offered through Wintrust Wealth Management division. Available through financial advisors at branch locations and dedicated wealth offices. Designed for high-net-worth individuals and families.
• Wintrust Commercial Lending Commercial lending services including asset-based lending, capital markets, commercial lending and leasing, and middle market lending for businesses and commercial real estate developers. Designed for middle market companies and commercial real estate projects.
• MaxSafe Deposit Insurance Program Proprietary FDIC insurance enhancement program that increases deposit coverage from $250,000 to up to $4 million per accountholder by spreading deposits across 16 Wintrust community bank charters. Includes MaxSafe CD and Money Market options. Designed for high-net-worth individuals and businesses with large deposits.

Quantifiable outcome

• FDIC insurance coverage up to $4 million per accountholder through MaxSafe program
• +2 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature1 record

Partnerships

Three partnerships are on record, tiered minor and core.

• Housing Opportunity Development CorporationminorStrategic or Co-development Partner · 11 May 2026Wintrust Bank is not directly a partner in the Mt. Pisgah Apartments project; however, the project is located in Evanston within Wintrust's service area. HODC leads the affordable housing development in partnership with Skender Construction, Mt. Pisgah Ministries, and the City of Evanston.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services is the creditor and issuer of Wintrust Bank's credit card products. Wintrust earns interchange revenue on card transactions while Elan handles card issuance, servicing, and supports cardholder services including zero fraud liability protection.
• FDIC (Money Smart Program)minorStrategic or Co-development PartnerWintrust offers FDIC Money Smart financial education classes using curriculum designed for consumers, young adults, and small businesses. The program provides financial literacy education at branch locations and community events.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Old National Bancorp: Large Midwest-focused community bank with comparable multi-state branch network, commercial and SBA lending, and wealth management services — the most direct peer in scale and geographic footprint after First Midwest integration.
• First Busey Corporation: Illinois-based community bank operating across the Midwest with similar personal, small business, and commercial banking lines; directly comparable in size, geography, and product mix to Wintrust's community charters.
• Byline Bancorp: Chicago-headquartered community bank specializing in SBA lending and small business banking; highly comparable to Wintrust on SBA depth and Chicago market focus, though smaller in scale.
• Associated Banc-Corp: Wisconsin-based regional bank with comparable Midwest presence, commercial banking, mortgage, and wealth management offerings; overlaps with Wintrust in Wisconsin and Illinois markets.
• First American Bank: Private Chicago community bank with strong commercial and middle-market lending focus; directly comparable in market, product mix, and private ownership structure, and an active recruiter of Wintrust commercial bankers.
• BankFinancial: Chicago-area community bank with similar deposit-gathering, small business, and commercial lending focus; smaller-scale direct peer operating in many of the same suburban markets as Wintrust's charters.
• Mercantile Bank Corporation: West Michigan-based community bank serving commercial and retail customers in markets overlapping Wintrust's west Michigan charter; comparable business model and SBA/commercial lending emphasis.

Broad incumbents

• Northern Trust Corporation: Chicago-headquartered, much larger financial institution offering wealth management, commercial, and personal banking; comparable Chicago footprint and relationship-based banking culture but with a private bank and institutional focus rather than community banking.
• Huntington Bancshares: Large Midwest super-regional bank with extensive branch presence, commercial banking, SBA, and wealth management; broader portfolio than Wintrust but overlapping in Midwest markets and middle-market lending.

Emerging players

• Lakeside Bank: Chicago-based community bank focused on commercial, small business, and mortgage lending with a similar relationship-based model; smaller-scale emerging peer in the same Chicago market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/wintrustbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Wintrust Bank