Lakeside Bancshares Inc LA

What Lakeside Bancshares Inc LA does

Lakeside Bank is an independent community bank headquartered at 55 W. Wacker Drive in Chicago's North Loop, operating 11 branches across the Chicago metropolitan area with a 12th branch under construction in Mokena (Q4 2026 opening). Founded in 1966 from its flagship South Loop location, the bank has grown to approximately $2.9 billion in assets by year-end 2025 and serves primarily small and medium-sized businesses, with a secondary focus on retail consumers and non-profit organizations. Its product suite spans consumer deposits (Kasasa Cash, Kasasa Saver, CDs, IRAs), consumer lending (mortgages, HELOCs, auto, personal), business checking (Lakesider Business 150/450, Analyzed Checking, Not-for-Profit Interest Checking), commercial lending, and a Treasury Management platform that delivered record revenue in 2025. The bank's technology stack combines relationship-banking infrastructure with digital channels including eLink mobile banking (iOS/Android), an enhanced online banking platform, Zelle P2P payments, mobile wallets (Apple Pay, Samsung Pay, Google Pay), and the FX+ international payments platform launched in 2025.

The bank generates revenue through traditional community bank economics: net interest income from commercial, residential mortgage, and consumer loans net of deposit costs, supplemented by fee-based non-interest income from Treasury Management services, mortgage origination, service charges, and ancillary products. With 2025 net income of $45.2 million, ROE of 15.84%, and ROA of 1.63%, Lakeside exhibits high-performing community bank metrics, with 2025 loan growth of 10.1% and deposit growth of 8.24% outpacing its 2020-2025 long-term CAGR. The bank's competitive positioning as the "Just Right" middle ground between impersonal megabanks and undercapitalized small community banks is supported by dedicated relationship bankers, an average Bank Officer tenure of 19 years, and deep community programs including the Lakeside Together volunteer initiative and Chicago Public Schools scholarships.

On April 8, 2026, Catalyst Bancorp, Inc. (NASDAQ: CLST) announced a definitive agreement to acquire Lakeside Bancshares Inc for $41.1 million in an all-cash transaction at $19.58 per share, with closing expected in Q3 2026. The combined entity would have approximately $627.3 million in assets, $399.9 million in loans, and $470.0 million in deposits.

Name

Lakeside Bancshares Inc LA

Legal name

Lakeside Bancshares Inc

Website

https://lakesidebank.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

101–250 employees

Short description

Lakeside Bank is an independent Chicago community bank founded in 1966 serving small and medium-sized businesses, consumers, and nonprofits across 11 metro-area branches with $2.9B in assets and a pending acquisition by Catalyst Bancorp.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Community banking services
• Commercial lending products
• Treasury management services
• Small business banking
• Retail deposit products

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest earned on loans (commercial, residential mortgage, consumer) and securities minus interest paid on deposits. Primary revenue driver for community bank.
2. Non-Interest Income: Fee income from treasury management services, mortgage origination, service charges, and other banking fees. Treasury Management delivered record-breaking revenue in 2025.
3. Merger & Acquisition (Pending): Lakeside Bancshares is the target of an acquisition by Catalyst Bancorp for $41.1 million in all-cash transaction, with shareholders receiving $19.58 per share.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Lakeside Bank is an independent community bank that provides a comprehensive suite of personal and business banking products including checking, savings, certificates of deposit, IRAs, credit cards, consumer and commercial loans, residential mortgages, home equity lines, and treasury management services. The bank primarily serves small and medium-sized businesses in the Chicago metropolitan area, complemented by retail banking for individual consumers, with dedicated bankers, modern digital banking channels (mobile, online, Zelle, mobile wallets), and FDIC-insured deposit products.

Product overview

Lakeside Bank operates as a community bank offering a comprehensive suite of retail and commercial banking products. The bank's portfolio includes personal banking services (checking, savings, CDs, IRAs, credit cards, and consumer loans), residential mortgage products (home mortgages and home equity lines), and business banking services (checking accounts, savings, treasury management, credit cards, and commercial lending). Digital banking capabilities include online banking, mobile banking via eLink app, Zelle P2P payments, and mobile wallet integration with Apple Pay, Samsung Pay, and Google Pay. The bank provides specialized services such as fraud protection with Positive Pay, tax deferred exchanges, and deposit insurance solutions through CDARS and Safe Harbor ICS. Treasury management services encompass cash management, ACH origination, remote deposit capture, and foreign exchange capabilities. The bank emphasizes relationship-based banking with personal service through dedicated bankers, complemented by digital channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Kasasa Cash Free personal checking account paying up to 3.00% APY on balances up to $25,000, requiring monthly electronic statement and 12 debit card uses per month, with ATM fee refunds up to $20/month. Designed for individual consumers seeking high-yield checking.
• Free Checking Basic personal checking account with no minimum balance requirement or monthly fees for individuals seeking simple, convenient banking.
• Lakeside Checking Personal checking account with reduced fees and convenience features, requiring $1,000 minimum balance to avoid a $15 monthly fee.
• Interest Checking Personal checking account with competitive interest rate, requiring $2,500 minimum balance to avoid a $20 monthly fee.
• Kasasa Saver High-yield personal savings account earning up to 3.50% APY on balances up to $100,000 when linked to Kasasa Cash checking with monthly requirements met. $100 minimum deposit to open.
• Money Market Account Personal savings account with check-writing capability and tiered money market interest rates, requiring $500 minimum balance.
• Certificate of Deposit (CD) Fixed-rate personal savings product with terms from 90 days to 60 months; current promotional rates up to 4.00% APY for 13-month terms (effective June 12, 2026).
• Individual Retirement Account (IRA) Retirement savings accounts available in Traditional and Roth IRA formats with competitive fixed or variable rates for individual consumers.
• Safe Harbor Insured Cash Sweep (ICS) FDIC insurance sweep service enabling individual and business customers to access multi-million dollar deposit protection while earning competitive market interest rates, provided through Promontory Interfinancial Network.
• CDARS (Certificate of Deposit Account Registry Service) Multi-million dollar FDIC-insured CD placement service through Promontory Interfinancial Network for large personal deposits.
• Kids Count! Club Youth savings program with financial education, special materials, and mascot designed to encourage children and families to develop savings habits.
• Platinum Credit Cards Personal Platinum credit card products including Rewards Platinum, Cash Rewards Platinum, and Platinum Edition with competitive rates, fraud monitoring, and free FICO score access.
• Auto Loans Vehicle financing for new or used cars with up to 90% loan-to-value for new vehicles and 80% loan-to-value for used vehicles, for individual consumers.
• Personal Loans Unsecured and secured personal loans for unexpected expenses or debt consolidation, ranging from $1,000 to $5,000 for individual consumers.
• Home Mortgages Residential mortgage products including fixed-rate, adjustable-rate, and jumbo mortgages with purchase, refinance, and cash-out options for homeowners.
• Home Equity Line of Credit (HELOC) Adjustable-rate revolving credit line using home equity, offering flexible access to funds for various homeowner purposes.
• Online Banking Internet banking platform providing 24/7 account access, transfers, bill pay, statement viewing with enhanced real-time features for both consumer and business customers.
• eLink Mobile Banking Mobile banking application for iOS and Android devices with Apple Watch support, enabling account access, transfers, and mobile check deposits for individual and business customers.
• Master Money Debit/ATM Card Debit card enabling purchases at MasterCard merchants and cash withdrawals at MoneyPass and Accel ATM networks for individual customers.
• Lakesider Business 150 Basic business checking for home-based businesses and non-profit organizations with 150 free monthly transactions, no minimum balance requirement, and $5,000 free cash deposit per month.
• Lakesider Business 450 Business checking for higher-activity organizations with 450 free monthly transactions, free Treasury Management services included, and $45 monthly maintenance fee waived with $45,000 average balance.
• Not-for-Profit Interest Checking Business checking designed for sole proprietorships and non-profit organizations with interest earnings on balances and minimal fees.
• Lakesider Analyzed Checking Analyzed business checking for sophisticated businesses with high transaction volumes and advanced treasury management needs.
• Treasury Management Comprehensive cash management services for business customers including ACH origination, business online banking, online bill payment, remote deposit capture, and positive pay fraud protection. Delivered record-breaking revenue in 2025.
• Foreign Exchange (FX+) Platform International finance platform for global payments, to be embedded directly into Cash Management digital banking experience in 2026 for business customers engaged in international trade.
• Fraud Protection Services Comprehensive fraud prevention services for businesses including Check Positive Pay, ACH Positive Pay, filters, blocks, dual authentication, fraud alerts, and real-time transaction monitoring.
• Tax Deferred Exchanges Starker exchange services with Lakeside Bank acting as qualified intermediary for real estate and investment property exchanges under Section 1031.
• Business Credit Cards Business credit cards including Business Rewards, Business Cash Rewards, Business Edition, and Company Rewards Charge Card options for commercial customers.

Quantifiable outcome

• Return on Equity: 15.84% in 2025
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability2 records

Feature3 records

Partnerships

One partnership is on record.

• Catalyst BancorpcoreStrategic or Co-development Partner · 8 April 2026Pending acquisition of Lakeside Bancshares Inc by Catalyst Bancorp for $41.1 million in all-cash transaction. Lakeside shareholders to receive $19.58 per share. Deal expected to close Q3 2026 and will more than double Catalyst's size to approximately $627.3 million in combined assets.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Inland Bank and Trust: Chicago suburban community bank offering commercial, retail, and treasury management services to SMBs and consumers. Comparable in asset size, branch network, and SMB relationship-banking approach.
• Bridgeview Bancorp: Chicago-based community bank holding company serving small businesses and consumers in the Chicago metropolitan area with retail and commercial banking products. Overlapping geographic footprint and SMB customer focus.
• Wintrust Financial Corporation: Chicago-area community-focused bank holding company operating Wintrust Community Banks and specialty lending units. Highly comparable as a relationship-driven, multi-branch Chicago community bank targeting SMBs with treasury management and lending products.
• First Busey Corporation: Illinois-headquartered bank holding company with strong Chicago presence providing community banking, wealth management, and treasury services to SMBs. Comparable customer mix and deposit-funded lending model.
• Old Second Bancorp: Illinois community bank holding company serving the western Chicago suburbs with commercial, retail, and treasury management services. Similar SMB-focused relationship banking model and asset size tier.
• Byline Bancorp: Chicago-based community bank holding company focused on small and middle-market businesses. Direct comparable in customer profile, SMB lending focus, and Chicago metropolitan footprint.

Broad incumbents

• First Midwest Bancorp (now Old National): Midwest regional bank (now part of Old National) that historically served Chicago-area SMBs and consumers with commercial banking products. Broader geographic and product footprint than Lakeside but overlapping target market.

Emerging players

• Catalyst Bancorp: Louisiana-based bank holding company that is the announced acquirer of Lakeside Bancshares. Comparable as a community-focused bank holding company with smaller asset base; relevant as the proximate peer given the pending M&A relationship.
• North Shore Trust and Savings: Chicago North Shore community bank with focused SMB and consumer banking services. Smaller in scale but shares similar relationship-driven model and target segments within the broader Chicago market.

Regional players

• Liberty Bank for Savings: Chicago-based community savings bank serving consumers and small businesses with deposit products and mortgage lending. Operates in similar geographic territory with overlapping customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lakesidebank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

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 Lakeside Bancshares Inc LA