Beverly Bank & Trust Company

What Beverly Bank & Trust Company does

Beverly Bank & Trust Company, N.A. is a nationally chartered community bank headquartered in Chicago, Illinois, operating as a subsidiary of Wintrust Financial Corporation (NASDAQ: WTFC). It serves retail consumers, small businesses, and mid-market commercial clients across the greater Chicago metropolitan area, with the broader Wintrust network extending to 200+ locations across Illinois, Wisconsin, Michigan, Indiana, and Florida and holding approximately $71 billion in total parent assets. The bank operates one of 16 community bank charters within the Wintrust structure, focusing on relationship-based banking supported by physical branches and digital channels.

Its product set spans consumer deposits (checking, savings, CDs), credit cards (issued via Elan Financial Services / Visa), mortgages (via Wintrust Mortgage), HELOCs, small business banking (three checking tiers), SBA loans up to $10 million, and commercial lending verticals including asset-based lending, capital markets, and leasing. Treasury and fraud services include Positive Pay, i-BusinessBanking, cash management, and Trusteer endpoint fraud protection. The MaxSafe program is a structural differentiator, aggregating customer deposits across 16 Wintrust charters to provide up to $4 million in FDIC coverage per depositor. Wealth management is delivered through Wintrust Wealth Management and community programs such as Platinum Adventures Club and Junior Savers Club support retail deposit stickiness.

Revenue is generated primarily through net interest income on loans and securities, supplemented by deposit-related fees, MaxSafe-attracted balances, wealth management advisory fees, and mortgage origination income. The go-to-market model is relationship-led community banking: designated business bankers serve commercial and SMB clients, branches anchor retail acquisition, and digital channels (mobile app, Zelle, mobile deposit) extend reach. As a subsidiary of a publicly traded parent, Beverly Bank & Trust's financials roll up into Wintrust Financial's consolidated reporting, and charter-level revenue is not separately disclosed.

Name

Beverly Bank & Trust Company

Legal name

Beverly Bank & Trust Company, N.A.

Website

https://thebeverlybank.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Beverly Bank & Trust Company, N.A. is a Chicago-based nationally chartered community bank and subsidiary of Wintrust Financial Corporation, offering consumer, small business, and commercial banking services to households and businesses in the greater Chicago metropolitan area.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

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

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industry

Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

Keywords

• Community banking services
• Small business lending
• SBA loan programs
• Consumer deposit accounts
• Wealth management services

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest earned on loan portfolio (consumer mortgages, HELOCs, personal loans, small business loans, commercial loans, SBA loans) minus interest paid on deposits. Primary revenue driver for a community bank.
2. Deposit Account Fees and Service Charges: Monthly maintenance fees on checking accounts (waived with minimum balance), wire transfer fees, ATM fees, overdraft/return item fees, and money order/cashier's check fees.
3. MaxSafe Program: Deposit insurance program enabling customers to increase FDIC coverage beyond $250,000, providing enhanced protection for high-value depositors across 16 Wintrust bank charters.
4. Wealth Management and Investment Products: Asset management, investment advisory, trust services, and insurance products offered through Wintrust Wealth Management, generating advisory fees and commissions.
5. Mortgage Banking: Residential mortgage origination through Wintrust Mortgage (division of Barrington Bank & Trust), with Relationship Pricing Program rewarding Wintrust deposit and wealth management customers with closing cost credits or reduced rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Beverly Bank & Trust Company, N.A. is a Chicago-based community bank providing personal checking, savings, CDs, credit cards, mortgages, HELOCs, and consumer loans to individuals, alongside small-business checking, SBA loans, cash management, and commercial lending for businesses. As a Wintrust Community Bank, it also delivers wealth management, trust services, and MaxSafe enhanced FDIC deposit coverage up to $4 million across the Wintrust 16-bank charter network.

Product overview

Beverly Bank & Trust Company, part of the Wintrust Community Bank network, offers a comprehensive banking platform organized across personal banking, small business banking, commercial banking, and wealth management divisions. The personal banking suite includes three checking account tiers (Total Access Checking, Access Plus Checking, Premier Checking), Statement Savings with special rates, certificates of deposit, credit cards through Elan Financial Services/Visa, home equity lines of credit, mortgages via Wintrust Mortgage, and credit-building products (Money Smart Checking/Savings, Everyday Loan). Small business offerings encompass three checking tiers (Entrepreneur, Business Community, Have-It-All), MaxSafe FDIC enhancement up to $4M, SBA lending (Express, 7(a), 504 loans), Easy Access lines of credit, and i-BusinessBanking cash management. The bank also provides commercial lending, treasury management, and industry-specific financing, alongside loyalty programs (Platinum Adventures Club for 50+ customers, Junior Savers Club for youth) and digital banking with mobile access, Zelle, and fraud prevention tools.

Differentiator

Problem solved

Functional benefit

Brands

• Wintrust Community Bank: Beverly Bank & Trust operates as part of the Wintrust Community Bank network of community banks under Wintrust Financial Corporation.

Products and services

• Total Access Checking
• Access Plus Checking
• Premier Checking
• Statement Savings Advanced
• Certificate of Deposit (CD)
• Credit Cards
• Home Equity Line of Credit (HELOC)
• Money Smart Checking
• Money Smart Savings
• Everyday Loan
• Wintrust Mortgage
• Entrepreneur Checking
• Business Community Checking
• Have-It-All Business Checking
• MaxSafe
• SBA Express Loan
• SBA 7(a) Loan
• SBA 504 Loan
• Easy Access Line of Credit
• Wealth Management and Trust Services

Quantifiable outcome

• FDIC coverage increase from $250,000 to $4 million per accountholder through MaxSafe program
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• TrusteercoreTechnology or IntegrationWintrust offers free Trusteer fraud protection software to protect commercial customers against malware infections and phishing attacks as part of its cash management and security toolkit. Trusteer provides cybersecurity software that integrates with the bank's online banking environment.
• FDIC (Federal Deposit Insurance Corporation)coreOthersThe FDIC insures deposits at Wintrust Community Banks up to $250,000 per depositor. Through the MaxSafe program, Wintrust extends FDIC coverage by spreading deposits across its 16 bank charters, effectively increasing coverage to up to $4 million per accountholder. All Wintrust banks are fully FDIC insured and deemed well-capitalized by regulatory agencies.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Byline Bank: Chicago-headquartered community bank serving consumers, small businesses, and commercial clients across the Midwest. Byline Bank operates a similar multi-charter community banking model with comparable deposit, lending, and SBA products, making it one of the closest direct peers to Beverly Bank & Trust in the same geography.
• First Busey Corporation: Illinois-based community bank holding company with consumer, small business, and wealth management banking across the Midwest. Busey operates a relationship-driven community banking model with similar SBA, mortgage, and treasury management capabilities to Beverly Bank & Trust within overlapping Illinois markets.
• First Merchants Corporation: Midwest-based community bank holding company operating commercial, consumer, and wealth banking across Indiana, Illinois, Ohio, and Michigan. First Merchants serves small and middle-market businesses with relationship banking similar to Beverly Bank & Trust's commercial banking model in adjacent Midwest markets.
• Tompkins Financial Corporation: Community-focused bank holding company operating multiple charters across the Northeast and Midwest. Tompkins' multi-charter community banking model, with regional community bank brands and relationship-driven commercial banking, closely parallels the Wintrust 16-charter structure of which Beverly Bank & Trust is a part.
• S&T Bancorp: Pennsylvania-based community bank holding company with consumer, small business, and commercial banking. S&T's relationship banking model and commercial lending emphasis parallel Beverly Bank & Trust's positioning as a community-anchored commercial and consumer lender.
• Lakeland Financial Corporation: Indiana-based community bank holding company operating Lake City Bank with commercial, consumer, and wealth management banking. Lakeland's relationship-driven commercial and small business banking model and Midwest footprint make it a comparable peer for Beverly Bank & Trust's community banking franchise.

Broad incumbents

• Old National Bancorp: Large Midwest regional bank holding company offering commercial, consumer, and wealth management banking across multiple states. Old National's broader scale and product set overlap significantly with Wintrust's commercial and consumer banking franchises, making it a relevant scaled-incumbent comparable.
• Huntington Bancshares: Large Midwest regional bank holding company offering consumer, small business, commercial, and wealth banking across the Midwest. Huntington's regional commercial and SBA lending footprint overlaps directly with Wintrust's commercial banking business across the same Midwest geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/thebeverlybank
• Facebookfacebook.com/thebeverlybank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

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 Beverly Bank & Trust Company