Albany Bank & Trust

What Albany Bank & Trust does

Albank NA, operating as Albany Bank & Trust, is a privately held, FDIC-insured community bank founded in 1953 and headquartered in Chicago, Illinois, serving retail and small-to-mid-sized business customers in the Chicago metropolitan area. Its core product set spans personal deposit products (checking, savings, health savings accounts, CDs, IRAs), home equity loans, business deposit products (checking, savings, business CDs), and commercial lending including business and real estate loans. The bank also provides land trust administration and offers investment advisory and brokerage services through a white-label partnership with LPL Financial under the Albank Investments sub-brand.

The bank operates through a physical branch in the Albany Park neighborhood, complemented by online and mobile banking channels, a dedicated Business Internet Banking portal, ATM/debit card access, external inter-institutional transfer capability, and Zelle person-to-person payments integrated via Early Warning Services. The technology stack is described as standard commercial banking infrastructure with no proprietary components disclosed.

Revenue is generated through three primary streams: (1) net interest income on the lending book (personal, home equity, business, and real estate loans); (2) deposit account fees, transaction charges, and service fees; and (3) commission-based revenue from referrals to LPL Financial advisors. Specific pricing, rates, and financial figures are not publicly disclosed. The bank has earned brand recognition as Chicago's #1 Regional Bank per Newsweek and a 2026 Best Regional Bank listing, and it actively markets through its website, LinkedIn, earned media, and a recently produced on-location branch commercial.

Name

Albany Bank & Trust

Legal name

Albank NA

Website

https://albanybank.com

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

11–50 employees

Short description

Albank NA (Albany Bank & Trust) is a privately held, FDIC-insured community bank founded in 1953, serving retail consumers and small-to-mid-sized businesses in the Chicago metropolitan area with deposit products, consumer and commercial loans, land trust services, and white-label investment advisory via LPL Financial.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Retail banking services
• Commercial lending
• Deposit products
• Land trust services
• Investment advisory

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

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. Interest Income: Traditional banking revenue generated from interest spreads on lending products including personal loans, home equity loans, and business/real estate loans.
2. Deposit Product Fees: Revenue from deposit account maintenance, transaction fees, and service charges on checking and savings accounts.
3. Investment Products Distribution: Partnership with LPL Financial for investment and advisory services; generates commission-based revenue through financial advisor referrals.

Pricing tiers

Distribution channels5 records

Marketing channels4 records

Core offering

Albany Bank & Trust (Albank NA) is a community bank providing deposit products (personal and business checking, savings, CDs, IRAs, Health Savings Accounts), lending products (home equity loans, business and real estate loans), card and payment services (ATM, debit cards, Zelle), land trust administration, and investment advisory services delivered through an LPL Financial partnership. The bank serves both individual consumers and small-to-mid-sized businesses primarily in the Chicago metropolitan area, with FDIC-insured deposits and digital banking access via web and mobile channels.

Product overview

Albany Bank & Trust (operates as Albank NA) is a regional bank offering a unified suite of banking products for personal and business customers. The core offerings span deposit products (checking, savings, CDs, IRAs, and Health Savings Accounts), lending (home equity loans, business loans, real estate financing), and banking services (ATM/debit cards, Zelle peer-to-peer payments). Business banking services include specialized checking, savings, CDs, and commercial lending, while trust services cover land trust administration. Investment advisory services are offered through the Albank Investments sub-brand via a financial advisor partnership. Digital banking is supported through Business Internet Banking for online account management and External Transfers for inter-institutional transfers. The product portfolio functions as a single unified banking platform rather than a modular platform-plus-modules architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking
• Personal Savings
• Health Savings Account
• CDs & IRAs
• Home Equity Loans
• ATM & Debit Cards
• Business Checking
• Business Savings
• Business CDs
• Business and Real Estate Loans
• Business Internet Banking
• Land Trust Services
• Albank Investments

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Two partnerships are on record, tiered core.

• LPL FinancialcoreChannel Partner/ Reseller/ DistributorLPL Financial provides investment advisory and brokerage services for Albank's investment product offerings. Albank Investments brand is powered by LPL Financial, offering financial advisors to bank customers through this white-label partnership arrangement.
• Early Warning Services (Zelle)coreTechnology or IntegrationAlbank offers Zelle person-to-person payment integration, enabling customers to send money securely between accounts at different financial institutions through the bank's digital banking platform.

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Direct peers

• Hinsdale Bank & Trust: Wintrust affiliate offering community banking in Chicago's western suburbs with similar personal/business banking products and CRE lending orientation.
• North Shore Community Bank & Trust: Chicago suburban community bank focused on personal/business deposits and CRE lending — comparable in scale and customer profile to Albany Bank & Trust.
• Old Second National Bank: Chicago-area community bank (National Charter) serving consumers and small businesses with deposits, mortgage, commercial lending, and treasury services — comparable size, charter, and product breadth.
• Liberty Bank for Savings: Chicago-headquartered mutual savings institution offering deposit products and mortgage lending in the Chicago metro — comparable community institution with similar deposit-led business model.
• Beverly Bank & Trust: Wintrust subsidiary operating as a Chicago-area community bank with personal/business deposit products, mortgage, and commercial lending — directly comparable in branch-based community banking model and Chicago focus.
• Byline Bank: Chicago-headquartered community bank offering personal and business deposit products, commercial lending, and treasury services to small/mid-sized businesses — closely comparable in scale, geography, and product mix to Albany Bank & Trust.

Broad incumbents

• Wintrust Financial Corporation: Chicago-based bank holding company operating a network of community banks (including Beverly and Hinsdale) with overlapping products across deposits, CRE lending, and wealth management — established incumbent in the same Chicago footprint.
• Old National Bank: Midwest regional bank with significant Illinois presence from the First Midwest merger — offers similar community banking products but at materially larger scale across multiple states.

Others

• LPL Financial Holdings: Strategic partner of Albank providing the white-label "Albank Investments" advisory platform — not a peer but a partnership dependency that materially shapes Albank's wealth offering and economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/albank
• Xx.com/albanybank
• Facebookfacebook.com/profile.php

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Albany Bank & Trust