North Shore Bank

What North Shore Bank does

North Shore Bank is a depositor-owned mutual savings bank headquartered in Brookfield, Wisconsin, operating 42 office locations across 13 Wisconsin counties and McHenry County, Illinois, with approximately $2.6 billion in assets and a workforce of 501-1,000 employees. Founded in 1923, the bank serves both personal and business banking customers with deposit products (checking, savings, money market, CDs, HSAs), lending products (home mortgages, HELOCs, auto loans, boat/RV loans, business loans and leasing), credit cards, and merchant services through a Clover partnership.

The bank's platform is built on a Fiserv-powered mobile app and online banking suite that supports mobile deposit, Zelle P2P payments, Apple/Google/Samsung Pay wallets, Bill Pay, My Card Manager, and the Greenlight kids' debit card program. Branch operations are augmented by Video Teller service available 7 days a week and access to 33,000 MoneyPass surcharge-free ATMs. Security architecture features 256-bit encryption, public key cryptography, account number masking, and a Virtual Vault secure server for online banking.

North Shore Bank generates revenue primarily through net interest income on loans and deposits, supplemented by deposit account fees (overdraft, wires, stop payments), loan origination income (mortgage, consumer, and business), and merchant services processing. The bank operates a community-led distribution model combining 42 physical branches with digital self-service channels, and earns the Forbes Best-in-State Bank designation for the seventh time in 2026. A pending all-cash acquisition of 1895 Bancorp and its PyraMax Bank subsidiary for $102.5M-$103.8M, expected to close in Q4 2026, will create a combined institution with approximately $3.1 billion in assets, while a separate divestiture of the McHenry, Illinois branch to Landmark Credit Union is expected to close in the second half of 2026.

Name

North Shore Bank

Legal name

North Shore Bank

Website

https://northshorebank.com

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

501–1,000 employees

Short description

North Shore Bank is a depositor-owned mutual savings bank in Brookfield, Wisconsin, operating 42 branches across Wisconsin and Illinois with about $2.6 billion in assets, serving personal and business customers with deposits, mortgages, consumer loans, and merchant services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

Keywords

• Retail banking services
• Community banking
• Consumer lending
• Mortgage loans
• Business banking

Headquarters

HQ city

Brookfield

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Traditional banking revenue from interest rate spreads on loans (mortgages, auto loans, HELOCs, business loans) and deposits. Core banking revenue stream for mutual depositor-owned institution.
2. Deposit Account Fees: Fees from overdraft protection services, stop payments, wire transfers, and account services. Standard and excessive overdraft privilege fees apply.
3. Loan Origination Income: Revenue from originating and servicing mortgage loans, home equity lines of credit, auto loans, boat/RV loans, and business loans.
4. Merchant Services: Revenue from processing payment card transactions for business customers through Clover Merchant Services partnership.
5. Acquisition Integration: Pending acquisition of 1895 Bancorp ($598M asset stock-traded bank holding company) and subsidiary PyraMax Bank for $102.5-$103.8M. Expected to close Q4, creating combined institution with approximately $3.1B in assets.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

North Shore Bank is a depositor-owned mutual community bank offering personal and business deposit accounts (checking, savings, HSAs, money market, CDs), consumer and commercial lending (mortgages, HELOCs, auto, boat/RV, business loans, direct leasing, credit cards), merchant services through Clover, and investment/retirement services. Distribution spans 42 Wisconsin/Illinois branches, Video Tellers, a Fiserv-powered mobile app, online banking, and a 33,000 ATM MoneyPass network.

Product overview

North Shore Bank is a mutual bank offering a comprehensive digital banking platform alongside traditional branch and ATM services. The core offering centers on personal and business deposit accounts (checking, savings, money market, CDs) and lending products (mortgages, HELOCs, auto loans, boat/RV loans, credit cards). Digital banking is delivered through a unified platform comprising Mobile App and Online Banking (both personal and business versions), augmented by add-on services including Bill Pay, Mobile Deposit, Digital Wallets (Apple Pay, Google Pay, Samsung Pay), My Card Manager, Debit Rewards, and My Credit Score. Business banking extends to Merchant Services (Clover), Business Loans, and Leasing. The bank also partners with Greenlight for kids' debit cards and offers Video Teller services for in-person support.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Forbes Best-in-State Bank award for seventh time
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Landmark Credit UnionminorChannel Partner/ Reseller/ Distributor · 19 March 2026Landmark Credit Union announced agreement to acquire the North Shore Bank branch at 1689 N. Curran Rd. in McHenry, Illinois, with approximately $34 million in deposits transferring as part of the transaction. The acquisition includes the physical branch and all associated employees who will be offered continued employment with Landmark upon closing. Expected to close in second half of 2026 subject to regulatory approvals.
• FiservcoreTechnology or IntegrationNorth Shore Bank Mobile App is powered by Fiserv, providing core mobile banking infrastructure including account access, transfers, mobile deposits, and card management capabilities.
• GreenlightminorGTM or Marketing PartnerPartnership offering Greenlight kids debit cards to North Shore Bank customers at no cost. Families can get debit cards for up to five children, with parents controlling spending through the mobile app. Funded by linking to North Shore Bank personal checking account.
• MastercardcoreTechnology or IntegrationPartnership providing Mastercard debit cards (Standard, Platinum, Business) and associated benefits including Zero Liability Protection, cell phone protection on Platinum/Business cards, and Mastercard Easy Savings rebate program for businesses.
• ClovercoreChannel Partner/ Reseller/ DistributorClover Merchant Services partnership for business payment processing, providing point-of-sale solutions, payment hardware, and business management tools for North Shore Bank business customers.
• MoneyPasscoreChannel Partner/ Reseller/ DistributorPartnership providing 33,000 surcharge-free MoneyPass ATMs nationwide for North Shore Bank debit card customers.
• BanzaiminorStrategic or Co-development PartnerFinancial education partnership bringing clear, in-depth lessons on financial topics through Banzai platform, accessible via North Shore Bank Learning Center.
• VisacoreTechnology or IntegrationVisa Business Reporting integration for business credit card holders, enabling access to transaction data, spending tracking, and budget management via desktop or mobile app.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Johnson Financial Group: Wisconsin-based privately held bank and wealth management firm serving consumers, businesses, and commercial clients across Wisconsin and the Midwest. Highly comparable in scale, mutual/private ownership philosophy, and community banking model.
• Landmark Credit Union: Wisconsin-based credit union actively acquiring North Shore Bank's McHenry, IL branch and competing for retail deposit and consumer lending customers across southeastern Wisconsin. Comparable as a not-for-profit financial institution pursuing similar community-relationship banking.
• PyraMax Bank: Wisconsin-based community bank (subsidiary of 1895 Bancorp) currently being acquired by North Shore Bank. Directly comparable as a community bank with overlapping Wisconsin footprint, similar personal/business product mix, and mutual/community-style local banking model.
• First Bank Financial Centre: Wisconsin-based community bank with branches across southeastern Wisconsin including Waukesha County. Directly comparable in asset size, mutual/community orientation, and product mix of personal and business banking.
• Cornerstone Community Bank: Wisconsin-headquartered community bank serving southeastern Wisconsin markets including Waukesha, Milwaukee, and surrounding counties. Comparable in scale, branch-based community banking model, and consumer/SMB product suite.
• Waukesha State Bank: Independent Wisconsin community bank operating in Waukesha County, adjacent to North Shore Bank's Brookfield headquarters. Comparable as a similarly sized community bank competing for the same deposit and mortgage customers in the greater Milwaukee area.
• Bank Five Nine: Community bank serving the greater Milwaukee area and surrounding Wisconsin counties with personal and business banking. Comparable as a similarly positioned community bank competing for the same retail and SMB customers in southeastern Wisconsin.

Broad incumbents

• Associated Bank: Large regional commercial bank headquartered in Green Bay, Wisconsin with deep retail and commercial presence across Wisconsin, Illinois, and Minnesota. Directly comparable because it competes for the same consumer and SMB banking relationships in North Shore Bank's footprint.
• BMO Harris Bank: Major U.S. subsidiary of BMO Financial Group with extensive branch coverage throughout Wisconsin and Illinois. Comparable as a direct competitor for deposits, mortgages, and small-business banking in the same Milwaukee and southeastern Wisconsin markets.
• U.S. Bank: National bank with a large retail branch presence across Wisconsin and Illinois. Comparable as a direct competitor for consumer checking, mortgages, and small business banking in North Shore Bank's core metropolitan markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/northshorebank
• YouTubeyoutube.com/northshorebank
• Facebookfacebook.com/northshorebank
• LinkedInlinkedin.com/company/northshorebank
• Instagraminstagram.com/northshorebank
• TikToktiktok.com/@northshorebank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about North Shore Bank