Pan American Bank & Trust

What Pan American Bank & Trust does

Pan American Bank & Trust is a privately held, FDIC-insured community bank headquartered in Melrose Park, Illinois, that serves small and medium-sized businesses, entrepreneurs, commercial real estate investors, law firms, and individuals across the Chicago metropolitan area. The company operates six full-service branches (Melrose Park, Bellwood, Little Village, Bloomingdale, Palatine, and Oak Brook, with the latter opening April 2026) under its holding company SolvTrust Financial Corp., and is led by co-founders Frank Cerrone (President & CEO) and Nicholas Giuliano (Chairman), who acquired and restructured the institution in 2007. Its product suite spans business checking and savings, commercial and industrial lending, SBA 7a and 504 loans, affordable business financing, treasury management with positive pay and ACH, consumer lending, personal checking and savings with Zelle, and specialized IOLTA trust accounts for law firms.

The technology stack combines a relationship-led core banking platform with consumer-facing digital channels: a free iOS and Android mobile app offering mobile deposit, bill pay, and Face ID; an online banking portal with multi-factor authentication; SMS text banking with two-way alerts; and an Alexa-enabled voice bill pay integration (iPay QuickPay). A dedicated Security Center handles fraud and phishing education. The bank does not disclose proprietary AI or machine-learning capabilities, and its competitive positioning is explicitly anti-automation, with 24/7 direct access to relationship bankers and no automated phone menus.

The business model is anchored in net interest income from commercial, C&I, SBA, and CRE loan originations, supplemented by deposit spread on business and personal accounts, treasury management fees, and niche fee income from IOLTA trust accounts. Go-to-market is consultative and field-led: clients request consultations through the website, after which senior bankers and frequently the CEO or Chairman conduct on-site or branch meetings, and loan decisions are made locally rather than through a regional or national credit committee. Pricing is quote-based and not publicly disclosed; the bank funds itself through retained deposits and traditional community-bank balance sheet management rather than external venture or private equity capital.

Name

Pan American Bank & Trust

Legal name

Pan American Bank & Trust

Website

https://panamerbank.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Pan American Bank & Trust is a privately held Illinois community bank serving small businesses, entrepreneurs, and families across the Chicago metropolitan area with commercial lending, SBA loans, treasury management, and personalized banking services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Offices of Bank Holding Companies (551111)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)

akta.pro secondary industries

Corporate Cash Management & Treasury ACH (FSAMAGAG), Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

Keywords

• Community banking services
• Commercial lending solutions
• Small business banking
• SBA loan programs
• Treasury management services

Headquarters

HQ city

Melrose Park

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income - Commercial Lending: Primary revenue from interest income on commercial and industrial loans, commercial real estate loans, SBA 7a and 504 loans, and working capital financing to businesses.
2. Business Deposit Products: Revenue from business checking, savings accounts, and treasury management services including cash management and payment processing.
3. Personal Banking Products: Revenue from personal checking, savings, and consumer lending products including Zelle transfers.
4. IOLTA Account Services: Specialized banking services for law firms including Interest on Lawyers Trust Accounts, generating fee income from attorney clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Pan American Bank & Trust is an Illinois-chartered community bank providing business and personal banking products across the Chicago metropolitan area. Its core offerings include business checking, business savings, commercial and industrial lending, SBA 7a and 504 loans, treasury management, personal checking, personal savings, consumer lending, and IOLTA accounts for law firms. The bank differentiates through relationship-driven, concierge-style service where senior leadership directly engages clients and local credit decisions are made without multi-layer bureaucracy.

Product overview

Pan American Bank & Trust operates as a community-focused financial institution offering a comprehensive suite of banking products organized around two main pillars: Business Banking and Personal Banking. The business banking suite includes Business Checking, Business Savings, Commercial Lending, SBA Loans (including SBA 7a and SBA 504 programs), Affordable Business Financing, and Treasury Management. The personal banking suite includes Personal Checking, Personal Savings, and Consumer Lending. The bank differentiates through value-added services including Online & Mobile Banking with Mobile Deposit and Voice Bill Pay (Alexa integration), a Concierge Banking service that brings bankers to client locations, Direct Lines to Bankers (24/7 access without automated menus), IOLTA Accounts for law firms, and C&I Lending with streamlined local decision-making. The bank also provides a Financial Calculators suite and Security Center for fraud protection. The product architecture follows a core account plus digital services model, where traditional deposit and lending products are enhanced with technology-enabled features and personalized service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Checking Checking account designed for businesses with features such as direct deposit, online banking access, and transaction management, offered to small and medium businesses and entrepreneurs.
• Business Savings Savings account for businesses to deposit funds and earn interest while maintaining liquidity.
• Commercial Lending Loan products for businesses including term loans and lines of credit for growth, equipment, and operational needs, with local credit decisions.
• SBA Loans Small Business Administration-backed loans including SBA 7a and SBA 504 programs for business acquisition, working capital, real estate, and equipment financing.
• Affordable Business Financing Specialized financing programs designed to provide accessible funding options for qualifying businesses.
• Treasury Management Cash management and treasury services including wire transfers, ACH transactions, positive pay, and fraud protection tools for business clients.
• C&I Lending Commercial and industrial loans providing working capital and equipment financing with streamlined local decision-making for businesses.
• Consumer Lending Personal loan products for individual banking needs including home equity and consumer installment loans.
• Personal Checking Personal checking account with features like Zelle integration, online banking, and mobile access for individual consumers.
• Personal Savings Personal savings account for individuals to deposit funds and earn competitive interest rates.
• IOLTA Accounts Interest on Lawyers Trust Accounts for law firms to hold client funds separately from firm funds while generating interest for public service programs, compliant with Illinois Rule of Professional Conduct 1.15B.

Quantifiable outcome

• Assets grew from $30 million in 2007 to over $400 million
• +1 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Market position

Strengths4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@panamericanbank
• Facebookfacebook.com/panamerbank
• LinkedInlinkedin.com/company/pan-american-bank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 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 Pan American Bank & Trust