Wayne Bank and Trust Co.

What Wayne Bank and Trust Co. does

Wayne Bank and Trust Co. is an Indiana state-chartered community bank founded in 1882 in Cambridge City and currently operating four branches across Wayne County (Cambridge City, Richmond-Downtown, Richmond-Eastside, Hagerstown). It is privately held under continuous Boyd-family ownership, now in its seventh generation, with a holding company (WAYTRU) and three to four family members on the board. In October 2025 the bank introduced a partial Employee Stock Ownership Plan, creating an employee ownership layer alongside the founding family.

The bank offers a full-service retail and small-business product suite: consumer and business deposit accounts (checking, savings, money market, CDs, IRAs, HSAs), consumer loans (mortgages including FHA/VA/USDA, HELOCs, auto/boat/RV, personal), commercial lending, merchant processing, and personal/business credit and debit cards. Digital channels are powered entirely by third-party platforms, specifically JHA/Banno for online banking and Fiserv for the iOS/Android mobile app, with CardHub for card management, Zelle for P2P payments, and Apple Pay/Google Pay for mobile wallet support.

Revenue is generated primarily through net interest income on the loan portfolio (mortgages, HELOCs, consumer, commercial) and deposit spreads, supplemented by recurring monthly fees on premium accounts such as Benefits Checking ($6.95/month), overdraft and service charges, interchange, loan origination and servicing fees, and merchant processing. Distribution is relationship-based through four physical branches, mortgage and commercial lending officers, and self-serve digital channels. The bank holds a 'Satisfactory' CRA rating from the Federal Reserve Bank of Chicago (April 2024) and participates in the Federal Home Loan Bank of Indianapolis LAUNCH down-payment assistance program.

Name

Wayne Bank and Trust Co.

Legal name

Wayne Bank and Trust Co.

Website

https://waynebankonline.com

Company type

Private

Founded year

1882

Operating status

Operating

Headcount range

11–50 employees

Short description

Wayne Bank and Trust Co. is a family-owned Indiana community bank, founded in 1882 and now in its seventh generation of Boyd-family ownership, operating four branches across Wayne County. It offers consumer and small-business deposit, lending, and digital banking services built on third-party core platforms from JHA/Banno and Fiserv.

Ownership category

akta.pro rank

Headquarters

HQ city

Cambridge City

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Primary revenue stream from interest earned on loans including mortgages, home equity lines, auto loans, business loans, and personal loans. Interest rate spreads between deposit rates and lending rates.
2. Deposit Account Fees: Monthly service fees from checking and savings accounts. Benefits Checking account generates $6.95 monthly fee with bundled insurance and protection services.
3. Loan Origination and Servicing: Fees from originating mortgage loans, home equity products, auto loans, and business loans. Bank retains loan servicing rather than selling to third parties.
4. Card and Payment Services: Revenue from debit card transactions, credit card interchange fees, and merchant processing services for business customers.
5. Service Charges: Overdraft fees, ATM fees, wire transfer fees, and other traditional banking service charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Wayne Bank and Trust Co. is a family-owned community bank offering personal and business deposit accounts (checking, savings, money market, CDs, IRAs, HSAs), credit and debit cards, residential mortgages and home equity loans, auto/boat/RV loans, business loans, and merchant processing services. Distribution is delivered through four Indiana branches, online banking (JHA Banno), a Fiserv-powered mobile app with CardHub card management, Zelle P2P, Apple Pay/Google Pay, and a MoneyPass ATM network. The bank retains loan servicing in-house and emphasizes local decision-making combined with digital banking.

Product overview

Wayne Bank and Trust Co. is a family-owned community bank offering a comprehensive suite of banking products and services. The bank provides personal and business deposit accounts (checking, savings, money market, CDs, IRAs), credit cards with chip technology, and loan products including home mortgages (purchase, refinance, HELOCs), auto/boat/RV loans, and business loans. Digital banking services include online and mobile banking (powered by Fiserv), Zelle P2P payments, Apple Pay/Google Pay integration, and the CardHub debit card management feature. Premium services include Benefits Checking with identity protection and insurance perks, plus down payment assistance through the LAUNCH program.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts

Quantifiable outcome

• Satisfactory CRA rating from Federal Reserve Bank of Chicago
• +1 more outcomes

Named customers4 records

Segments4 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

Six partnerships are on record, tiered core and minor.

• FiservcoreTechnology or IntegrationFiserv powers the Wayne Bank Mobile App, providing mobile banking infrastructure including account access, mobile deposits, transfers, bill pay, and card management features.
• JHA (Jack Henry & Associates) / BannocoreTechnology or IntegrationJHA Banno platform powers Wayne Bank's digital banking experience including online banking, bill pay, account management, and Personal Finance Manager tools. Banno provides the digital banking platform infrastructure.
• MoneyPassminorChannel Partner/ Reseller/ DistributorMoneyPass ATM network provides Wayne Bank customers surcharge-free access to ATMs across the nation, enhancing customer convenience for cash withdrawals.
• VisacoreTechnology or IntegrationVisa provides debit and credit card network services for Wayne Bank cards. Visa chip card technology provides enhanced security and international acceptance for customer cards.
• ZellecoreTechnology or IntegrationZelle P2P payment service integrated into Wayne Bank's online and mobile banking, allowing customers to send money to friends, family, or others using bank account information.
• Boys & Girls ClubscoreStrategic or Co-development PartnerWayne Bank has a partnership with the Boys & Girls Clubs, having committed $200,000 in 2022. The partnership supports youth development programs in the community.

Scale indicators5 records

Recent moves13 records

Expansion highlights5 records

Broad incumbents

• Old National Bancorp: Indiana-headquartered regional bank providing full-service commercial and consumer banking. Much larger scale than Wayne Bank with overlapping Indiana geographic footprint, broader product set, and greater technology investment.
• First Merchants Corporation: Indiana-based regional bank with consumer, commercial, and wealth banking services across the Midwest. Substantially larger scale than Wayne Bank, with broader geographic reach and similar product categories.

Direct peers

• German American Bank: Indiana-headquartered community bank offering consumer and commercial banking services across southern Indiana. Substantially larger than Wayne Bank, but with overlapping consumer/commercial products and an Indiana-centric footprint.
• Horizon Bancorp: Indiana-headquartered community bank providing consumer and commercial banking services with a similar product set (deposits, mortgages, business loans, wealth) across Indiana and Michigan markets.
• First Internet Bancorp: Indiana-chartered community bank with full-service consumer and business banking and a strong digital focus. Comparable scale to Wayne Bank, similarly operating in Indiana with an overlapping retail/commercial product mix.
• Salin Bank and Trust Company: Indiana-based community bank serving central Indiana with personal banking, commercial lending, mortgage, and wealth services. Similar size and full-service community-banking profile to Wayne Bank.
• Centier Bank: Indiana-headquartered, family-owned community bank serving consumer, business, mortgage, and wealth customers. Multi-generational family ownership and a community-focused service model closely mirror Wayne Bank's profile, with comparable product breadth across Indiana.
• Star Financial Group: Indiana-based community bank serving central and east-central Indiana with consumer, business, and mortgage banking. Comparable community-bank profile and Indiana geographic overlap with Wayne Bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/wayne-bank-and-trust-co.

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 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 Wayne Bank and Trust Co.