Parkside Financial Bank & Trust

Name

Parkside Financial Bank & Trust

Legal name

Parkside Financial Bank & Trust

Website

https://pfbt.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Private Banking & Wealth Management

NAICS

Trusts, Estates, and Agency Accounts (52592), Funds, Trusts, and Other Financial Vehicles (525), Finance and Insurance (52)

SIC

Investment Advice (6282), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Corporate & Institutional Trust Services (FSAAANAB)

akta.pro secondary industries

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE), Directed Trust & Trust Advisory Services (FSAAANAK)

Keywords

• Commercial banking services
• Private wealth management
• Fiduciary trust services
• Family office services
• Retirement plan administration

Headquarters

HQ city

Saint Louis

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, Others

Revenue model

1. Commercial Banking Services: Interest income from commercial lending, deposit services, and treasury management fees. The bank offers commercial lending, deposit accounts, private equity and sponsor finance, search fund finance, and treasury management services to business clients.
2. Trust & Family Office Services: Fees from fiduciary services including trustee services, investment management, specialty asset management, custody, estate settlement, special needs trusts, and administrative trustee services for high-net-worth individuals and families.
3. 401(k) Plan Services: Revenue from providing 3(38) investment management services and comprehensive retirement plan administration for business clients, including investment due diligence, fee transparency, and employee education.
4. Family Office Services: Comprehensive wealth management services including investment management, financial reporting, tax mitigation, risk management, retirement planning, and estate and philanthropic planning for affluent families.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Parkside Financial Bank & Trust is a privately held, FDIC-insured bank and trust company offering an integrated suite of commercial banking, fiduciary trust, family office, and 401(k) plan services. It provides commercial lending, deposit accounts, treasury management, private equity and search fund finance for businesses, alongside trustee services, investment management, estate planning, and retirement plan administration for high-net-worth individuals, families, and institutions.

Product overview

Parkside Financial Bank & Trust operates as a privately held financial institution offering an integrated suite of banking and wealth management services. The company combines commercial banking, trust services, family office services, and 401(k) plan administration within one organization, enabling clients to access deposit accounts, commercial lending, fiduciary trust services, investment management, estate planning, and retirement plan services through a unified relationship. The product portfolio centers on four core offerings: Commercial Banking (business lending, deposit services, treasury management), Family Office Services (comprehensive wealth planning with access to the Parkside Portal), Trust Services (corporate trustee and fiduciary services), and 401(k) Plan Services (investment management for retirement plans). Digital banking access is provided through Online Banking and Mobile Banking App platforms, while specialized services like the Parkside Portal aggregate accounts for consolidated financial visibility.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Banking Comprehensive commercial banking services including commercial lending, deposit accounts, private equity and sponsor finance, search fund finance, and treasury management for business clients.
• Family Office Services Holistic wealth management services for affluent families including investment management, financial reporting, tax mitigation, risk management, retirement planning, and estate and philanthropic planning, with consolidated account access via the Parkside Portal.
• Trust Services Fiduciary trust services including trustee services, investment management, specialty asset management, custody, estate settlement, special needs trusts, and administrative trustee services for individuals, families, and institutions.
• 401(k) Plan Services Retirement plan administration and 3(38) investment management services for employer-sponsored plans, including custom plan design, investment due diligence, fee transparency, and participant education and support.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Asset Consulting Group (ACG)coreStrategic or Co-development Partner · 1 January 2026Asset Consulting Group provides monthly market updates and investment research commentary featured on Parkside's newsroom. ACG's views are separately attributed and subject to change, representing independent investment research provided to Parkside clients.
• MyPrivateShares.comcoreChannel Partner/ Reseller/ Distributor · 1 January 2026MyPrivateShares.com provides a marketplace platform for Parkside Financial, Inc. shareholders to facilitate private stock transactions, offering transparent listings for buying and selling company stock outside of public markets.
• Jack Henry BankingcoreTechnology or Integration · 1 January 2026Parkside utilizes Jack Henry's Treasury Management platform (go-retire.com/pfbt) for commercial banking cash management services including ACH, wire transfers, and positive pay functionality.
• Banno (Jack Henry)coreTechnology or Integration · 1 January 2026Parkside's consumer online banking platform is powered by Banno, part of Jack Henry's digital banking solutions, providing the foundation for Parkside's consumer and business digital banking experiences.
• ProfitStars (Jack Henry)coreTechnology or Integration · 1 January 2026Parkside uses ProfitStars for commercial banking services including SmartPay Express for commercial loan payments, Lockbox services for receivables management, and remote deposit capture functionality.
• Empower RetirementminorChannel Partner/ Reseller/ Distributor · 1 January 2026Parkside partners with Empower Retirement for EPIC 401(k) plan services, providing third-party retirement plan administration and recordkeeping for employer-sponsored retirement plans.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Enterprise Bank & Trust: Mid-size commercial bank headquartered in Clayton, MO with integrated wealth management and trust services, serving the same St. Louis HNW and business-owner market that Parkside targets. Notably, Parkside's Co-Founder Matthew Wagner previously served as President at Enterprise Bank & Trust's wealth management group.
• Central Trust Bank: Mid-Missouri-headquartered, family-controlled bank and trust company offering private banking, wealth, and trust services. Closely comparable to Parkside in charter structure, integrated bank-trust model, and private-client focus.
• Bell Bank: Employee-owned regional bank with a sizable private banking, wealth management, and trust division. Similar profile to Parkside in combining commercial banking with an integrated trust and HNW advisory franchise.
• Johnson Financial Group: Wisconsin-based private bank and wealth manager offering commercial banking, trust, and family office services. Comparable mid-size, privately held bank-trust combination serving HNW families and business owners.
• First Bank (First Banks, Inc.): St. Louis-headquartered community banking franchise with commercial banking and wealth capabilities, operating in overlapping Missouri markets. Comparable as a privately held regional bank serving similar commercial and HNW client segments.

Regional players

• Commerce Bank: Kansas City-based super-regional bank with a large St. Louis presence offering commercial banking, wealth, and trust services. Overlaps directly with Parkside on commercial lending, deposits, and HNW trust/family office services in the St. Louis MSA.

Broad incumbents

• U.S. Bank Private Wealth Management: National bank's private wealth/trust division competing directly for HNW fiduciary, estate, and family office mandates that Parkside serves. Several Parkside executives (Justin Meyer, Allen Palmquist) previously led trust teams at U.S. Bank PWM.
• Goldman Sachs Personal Financial Management: Goldman Sachs's HNW advisory business competing for the same high-net-worth and family-office clients Parkside serves. Parkside's VP Tait Johnson previously headed a Goldman PFM office.
• Northern Trust: Large national trust and wealth manager with deep HNW and ultra-HNW family office, custody, and institutional investment capabilities. Parkside's trust, custody, and family office offerings compete with Northern Trust's stack for similar clients.
• BMO Wealth Management: Large North American bank's wealth and trust division offering private banking, investment management, and estate services. Competes with Parkside for HNW and family office mandates, especially given BMO's footprint in the Midwest.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ParksideBank
• Facebookfacebook.com/ParksideBank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

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 Parkside Financial Bank & Trust