CIBM Bank

What CIBM Bank does

CIBM Bank is a privately held community bank subsidiary of CIB Marine Bancshares, Inc., founded in 1985 and headquartered in Champaign, Illinois. The bank operates full-service branch offices across Illinois (Champaign, Urbana, Danville, Monticello, Bloomington, Peoria, Wheaton), Indiana (Indianapolis), and Wisconsin (Brookfield, Elm Grove), plus satellite mortgage offices in Michigan and additional Midwest locations. CIBM Bank serves small and middle market businesses, entrepreneurs, consumer households, and high-net-worth depositors through relationship-based commercial and consumer banking, with a Government Guaranteed Lending Division (formed in 2016) operating across 40+ states for SBA 7(a) and 504 lending.

The bank offers a full product suite: personal checking (four tiers including High Performance, Acceleration, Classic, Alternative), savings (Bonus, Money Market, HSA, Coverdell, Kids Club), retirement accounts (Traditional/Roth/SEP IRA), personal lending (unsecured, home equity, credit builder), CIBM Mortgage residential lending, business checking (Basic/Premier), commercial lending (lines of credit, term loans, SBA), treasury management, merchant services, and credit cards issued through Elan Financial Services on the Visa network. The proprietary MIDAS (Money Investment Deposit Account Solution) technology enables up to $25 million in FDIC insurance coverage through a single account by sweeping deposits across multiple FDIC-insured banks.

CIBM Bank generates revenue primarily through net interest income from its loan portfolio (commercial real estate, business, SBA, residential mortgage, home equity, consumer) and non-interest income from treasury management fees, merchant services, account analysis, wire/positive pay, lockbox, and credit card interchange. Pricing is a mix of subscription-style monthly fees (Basic Business $7.50, Alternative Checking $10), unit-priced CDs and credit builder loans, and outcome-based promotional bonuses (up to $600 for business checking). Distribution combines physical branches, digital banking (NetTeller-powered online and mobile apps with Zelle P2P, Apple/Samsung/Google Pay), online account opening (opennow.cibmbank.com), and the MoneyPass/Alliance One ATM networks.

Name

CIBM Bank

Legal name

CIB Marine Bancshares, Inc.

Website

https://cibmbank.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

CIBM Bank is a privately held community bank subsidiary of CIB Marine Bancshares, Inc., serving small and middle market businesses, entrepreneurs, and consumer households across Illinois, Indiana, and Wisconsin with branch banking, SBA government-guaranteed lending, residential mortgages, treasury management, and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

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

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

akta.pro secondary industries

Personal Loan & Unsecured Credit Intermediation (FSAEAEAM), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Community banking services
• Commercial lending
• SBA government lending
• Personal banking products
• Treasury management services

Headquarters

HQ city

Champaign

HQ country

United States

HQ region

North America

Offices12 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. Net Interest Income: Traditional banking interest income from loan portfolio including commercial real estate, business loans, SBA loans, residential mortgages, home equity, and consumer lending. Interest expense from deposit accounts including checking, savings, money market, and certificates of deposit.
2. Non-Interest Income: Fees from treasury management services, merchant services, account analysis fees on business accounts, wire transfer fees, positive pay services, remote deposit capture, lockbox services, and credit card transaction fees.
3. Business Account Fees: Monthly service fees on business checking accounts ($7.50 Basic Business), analysis-based fees on Premier accounts, item-based fees ($0.25 per item after 75 free items), and early account closure fees ($25).
4. Consumer Account Fees: Monthly service fees on Alternative Checking ($10), monthly service fees on money market accounts, and various other consumer banking service charges.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

CIBM Bank is a community bank delivering personal banking (checking, savings, IRAs, CDs, mortgages, home equity, personal loans) and business banking (commercial lending, SBA 7(a)/504 loans, treasury management, merchant services, business credit cards) across Illinois, Indiana, and Wisconsin. It serves customers through a hybrid branch-and-digital model anchored by relationship banking, supported by mobile and online banking apps, Zelle P2P, digital wallets, and a proprietary MIDAS deposit solution extending FDIC coverage up to $25 million.

Product overview

CIBM Bank provides comprehensive personal and business banking services through a multi-channel approach combining branch locations, digital banking, and mobile applications. Personal banking includes four checking account tiers (High Performance, Acceleration, Classic, Alternative), multiple savings products (including Money Market, CDs, Kids Club, Health Savings, Coverdell Education), retirement accounts (Traditional IRA, Roth IRA, SEP), personal lending (unsecured, credit builder, home equity loans/LOC), and mortgage services via CIBM Mortgage subsidiary. Business banking encompasses Basic and Premier checking accounts, diverse business lending (term loans, lines of credit, commercial real estate, SBA 7(a) and 504 programs), treasury management services, merchant services, and employee benefit accounts (Workplace Rewards, HSA). Digital banking platform integrates with Zelle for P2P payments, supports Apple Pay/Samsung Pay/Google Pay digital wallets, and includes YourMoney budgeting tool. Specialty products include MIDAS deposit accounts providing up to $25 million FDIC coverage and Empowerment Credit Builder for credit rehabilitation.

Differentiator

Problem solved

Functional benefit

Brands

• CIBM Mortgage: Residential mortgage services offered through CIBM Bank's subsidiary, operating from www.cibmmortgage.com with offices in Illinois, Indiana, Michigan, and Wisconsin.

Products and services

• Personal Checking Accounts Four personal checking account options for individual consumers across Illinois, Indiana, and Wisconsin: High Performance Checking (variable interest, free checks), Acceleration Checking (ATM refunds up to $12/month, up to 0.15% APY when qualified), Classic Checking (basic account), and Alternative Checking (for those with banking difficulties).
• Personal Savings Accounts Multiple personal savings products including Bonus Savings, Acceleration Savings (companion to Acceleration Checking with automatic interest transfer), Planned Savings, Personal Money Market, Personal Select Money Market, Kids Club Savings for minors, Health Savings Account (HSA), and Coverdell Education Savings Account.
• Certificates of Deposit (CDs) FDIC-insured Certificates of Deposit with terms ranging from 91 days to 7 years. Standard rates range from 0.05% APY (91-day) to 0.45% APY (60-84 month), with promotional rates available (e.g., Wisconsin CD 7-9 Month 3.50% APY, 12 Month 3.25% APY, 36 Month 3.00% APY on $10,000+ new money as of 2/25/26). Choice of compound quarterly or monthly interest transfer, $500 minimum.
• Retirement Accounts (IRAs) IRA offerings including Traditional IRA, Roth IRA, and Simplified Employee Pension (SEP) IRA for individuals and small businesses. Includes the Retirement Rewards Program that provides rate bumps on IRA CDs when paired with a CIBM Bank checking account with direct deposit.
• Home Equity Line of Credit (HELOC) Revolving line of credit using home equity as collateral with variable rate and interest-only payments. Funds are accessible via transfer to a CIBM Bank account. Intended for home improvements, lower-rate debt consolidation, or major purchases.
• Home Equity Loan Fixed-rate, fixed-term loan using home equity as collateral with lump-sum disbursement and consistent monthly payments. Suited to single-purpose large expenses or debt consolidation.
• Personal Lending Personal loan products including unsecured loans, CD-secured loans, savings-secured loans, money market-secured loans, and stock-secured loans offered to consumers in CIBM Bank's branch footprint at competitive rates.
• Empowerment Credit Builder Loan Credit-building loan product where borrowed funds are held as collateral in a Bonus Savings account and monthly payments are reported to credit bureaus. Loan amounts $1,500-$2,500 at fixed 7.00% APR (12-month term), 7.25% APR (18-month term), or 7.50% APR (24-month term). Upon payoff, collateral funds plus interest are released.
• CIBM Mortgage (Residential Mortgages) Residential mortgage services offering home purchase and refinance mortgages through CIBM Mortgage. Mortgage professionals are located in most branch offices plus satellite offices in Illinois (Naperville, Arlington Heights, Decatur), Indiana (Indianapolis), Michigan (East Lansing), and Wisconsin (Sheboygan).
• Basic Business Checking Easy-to-understand business checking account with $100 minimum opening deposit, $500 minimum balance to avoid the $7.50 monthly fee. First 75 items included, $0.25 per item thereafter. Includes mobile banking, mobile deposit, bill pay, and merchant services.
• Premier Business Checking Analysis-style business checking customizable for high-activity businesses. Earnings credit rate may offset or eliminate service charges. Includes treasury management services and the ability to link multiple accounts.
• Business Lending Comprehensive business lending products including lines of credit for working capital, term loans for equipment and vehicle financing, commercial real estate loans, and Fast Track loans ($15,000-$100,000 with quick approvals and no fees) for small and middle-market businesses.
• SBA Government-Guaranteed Loans Government-guaranteed SBA lending through dedicated SBA team. SBA 7(a) loans up to $5 million for real estate acquisition, equipment, working capital, and business expansion. SBA 504 loans for commercial real estate and equipment with 50/40/10 split financing. SBA Express Lines of Credit up to $500,000. Typically 10% down payment vs 20-25% on conventional loans.
• Treasury Management Services Cash management services for businesses including ACH processing, account transfers, wire transfers, positive pay, remote deposit, electronic statements, sweep accounts for automatic transfers, and capital markets services including repurchase agreements and Treasury bills. Sold as a standalone offering to commercial customers.
• Merchant Services Payment acceptance solutions for businesses supporting all major credit cards. Offers terminals, PC-based software, and internet-based processing.
• Credit Cards Six credit card options including low rate, cash back, and flexible rewards cards for consumers and businesses. Provided through Elan Financial Services under a Visa U.S.A. Inc. license. Features include free online expense reporting, no additional card fees for employee cards, mobile payment capability via Apple Pay/Samsung Pay/Google Pay, and Zero Fraud Liability.
• MIDAS Deposit Account Proprietary Money Investment Deposit Account Solution (MIDAS) providing up to $25 million in FDIC deposit insurance coverage through a single account relationship. Combines the convenience of single-account access with multi-bank deposit diversification, automated sweeps, and trustee services. Sold to municipalities and businesses with deposits exceeding the standard $250,000 FDIC insurance limit. No fees.
• Digital Banking (Online and Mobile Banking) Full-featured digital banking platform enabling consumer and business customers to manage accounts, view statements, pay bills, transfer funds, deposit checks via mobile capture, and send/receive Zelle P2P payments. Includes iOS and Android mobile apps (CIBM Bank Mobile Banking), supports Apple Pay, Samsung Pay, and Google Pay digital wallets, and integrates with two-factor authentication and the YourMoney budgeting tool.

Quantifiable outcome

• Up to $25 million FDIC deposit insurance coverage through MIDAS account (100x standard coverage)
• +3 more outcomes

Named customers5 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

Integration7 records

Feature5 records

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/cibmBANKS

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 CIBM Bank