Wauconda Community Bank

What Wauconda Community Bank does

Wauconda Community Bank is a community-bank charter within Wintrust Financial Corporation's multi-charter, 200+ branch network, headquartered at 495 W. Liberty St., Wauconda, Illinois, with a stated geographic footprint spanning the greater Chicago area, southern Wisconsin, west Michigan, northwestern Indiana, and southwest Florida. The bank serves individual consumers, small businesses, mid-market commercial clients, and specialized industry verticals through a hybrid relationship-led and digital-led go-to-market, combining in-branch service with online and mobile banking (Wintrust Digital/Mobile app with Zelle, Apple Pay, Google Pay) and designated business bankers for commercial and small-business lending. Its product surface is layered: personal banking offers tiered checking (Total Access, Access Plus, Premier), Statement Savings Advanced at 2.00% APY, a 13-Month CD Special at 4.00% APY, HELOCs priced at WSJ Prime + margin (6.75-7.50% APR as of 12/15/25), residential mortgages via Wintrust Mortgage, credit cards issued through Elan Financial Services, and the Money Smart credit-building suite; small-business banking delivers three checking tiers (Entrepreneur, Business Community, Have-It-All), an SBA lending stack (Express up to $500K, 7(a) up to $5M, 504 up to $10M), the i-BusinessBanking platform with i-BusinessCapturePro remote deposit, MaxSafe FDIC coverage up to $4 million, and Positive Pay/ACH Positive Pay fraud controls plus Trusteer endpoint protection; commercial banking extends to asset-based lending through Wintrust Business Credit, commercial lending, capital markets, commercial leasing, treasury management, and industry-specific verticals (condo/HOA, construction, ESOP, franchise, municipal, healthcare, professional practice), with wealth services delivered through Wintrust Wealth Management.

Name

Wauconda Community Bank

Legal name

Wauconda Community Bank

Website

https://waucondabank.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Wauconda Community Bank is a Wintrust Financial Corporation community-bank charter serving consumers, small businesses, and mid-market commercial clients across the Chicago area and four adjacent states through tiered personal and business banking, SBA lending up to $10M, HELOCs, mortgages, and MaxSafe FDIC insurance up to $4M.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Small business lending
• SBA loans
• Commercial banking
• Deposit products

Headquarters

HQ city

Wauconda

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: The bank generates revenue primarily through interest earned on loans including mortgages, home equity lines of credit, personal loans, small business loans, commercial loans, and SBA loans. Interest rates are variable and based on WSJ Prime rates plus margins.
2. Checking and Savings Account Fees: Monthly maintenance fees on checking accounts (waived with minimum balances), overdraft fees, and wire transfer fees. Additional transaction fees apply beyond free monthly limits.
3. Home Equity Line of Credit: Variable rate HELOC products with APRs ranging from 6.75% to 7.50% based on loan amount, plus $75 annual fee (waived first year)
4. Certificate of Deposit Interest: Fixed-rate CD products including 13-Month CD Special at 4.00% APY and other terms with competitive fixed rates
5. Treasury Management Services: Fees for cash management services including merchant processing, ACH origination, wire transfers, and fraud prevention tools
6. Credit Card Fees: Credit card products issued through Elan Financial Services with various fee structures for business and personal cards

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Wauconda Community Bank provides personal, small business, and commercial banking products and services including checking and savings accounts, certificates of deposit, personal and business credit cards, home equity lines of credit, residential mortgages, SBA loans, commercial and asset-based lending, cash management, and treasury management services. As part of the Wintrust Financial Corporation network of community banks, it delivers these offerings through 200+ branch locations, online and mobile banking platforms, and dedicated business bankers across the greater Chicago area, Wisconsin, Michigan, Indiana, and Florida.

Product overview

Wauconda Community Bank, part of the Wintrust Financial Corporation family, operates as a full-service community bank with 200+ locations across the greater Chicago area, southern Wisconsin, west Michigan, northwestern Indiana, and southwest Florida. The bank offers a comprehensive suite of personal, small business, and commercial banking products organized into three tiers: (1) Personal Banking including Total Access Checking, Access Plus Checking, and Premier Checking accounts; Statement Savings Advanced and CD products; personal credit cards through Elan Financial Services; Home Equity Lines of Credit; Wintrust Mortgage for residential lending; and Money Smart Checking/Savings for credit building. (2) Small Business Banking featuring Entrepreneur Checking, Business Community Checking, and Have-It-All Business Checking; MaxSafe FDIC insurance enhancement up to $4 million; i-BusinessBanking online platform with i-BusinessCapturePro remote deposit; cash management services including Positive Pay fraud protection; SBA lending (Express, 7(a), 504); and business credit cards. (3) Commercial Banking including asset-based lending through Wintrust Business Credit, commercial lending, treasury management, and SBA lending. The bank also provides wealth management services through Wintrust Wealth Management sub-brand, loyalty programs including Junior Savers Club (for kids) and Platinum Adventures Club (for 50+ customers), and community-focused services like free coin counting and currency exchange. The bank differentiates through local community banking focus with personal service, digital banking tools, and relationship-based banking.

Differentiator

Problem solved

Functional benefit

Brands

• Total Access Checking: Everyday banking basics checking account with early pay feature and free ATMs nationwide.
• Access Plus Checking
• Premier Checking
• Statement Savings Advanced
• Money Smart Checking
• Money Smart Savings
• Money Smart CD Loan
• Everyday Loan
• Home Equity Line of Credit (HELOC)
• Platinum Adventures Club
• Junior Savers Club
• Teen Banking Club
• MaxSafe
• Entrepreneur Checking
• Business Community Checking
• Have-It-All Business Checking

Products and services

• Total Access Checking
• Access Plus Checking
• Premier Checking
• Statement Savings Advanced
• 13-Month CD Special
• Personal Credit Cards
• Home Equity Line of Credit (HELOC)
• Money Smart Checking
• Money Smart Savings
• Everyday Loan
• Money Smart CD Loan
• Wintrust Mortgage
• Entrepreneur Checking
• Business Community Checking
• Have-It-All Business Checking
• MaxSafe
• i-BusinessBanking
• i-BusinessCapturePro
• Positive Pay / Reverse Positive Pay
• ACH Positive Pay
• SBA Express Loan
• SBA 7(a) Loan
• SBA 504 Loan
• Easy Access Lines of Credit
• Small Business Credit Cards
• Asset-Based Lending
• Wintrust Wealth Management

Quantifiable outcome

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

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core.

• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services is the creditor and issuer of Wintrust credit cards pursuant to a license from Visa U.S.A. Inc. This partnership enables Wintrust to offer personal and business credit cards with various reward structures including low rate, cash back, and flexible rewards options.
• TrusteercoreTechnology or IntegrationTrusteer provides fraud protection software to Wintrust business customers at no cost. The software protects against malware infections and phishing attacks, providing an additional layer of security for business banking accounts.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerSBA lending partnership providing SBA Express Loans (up to $500,000), SBA 7(a) Loans (up to $5 million), and SBA 504 Loans (up to $10 million) for small business customers. Wintrust serves as an SBA-approved lender offering these government-backed loan programs.
• FDIC (Federal Deposit Insurance Corporation)coreOthersFDIC deposit insurance partnership providing standard coverage up to $250,000 per depositor. Through the MaxSafe program, Wintrust extends this coverage up to $4 million per accountholder by leveraging multiple bank charters.
• NachacoreOthersNacha governs the ACH Network that enables direct deposits and direct payments. Wintrust offers Same Day ACH and other ACH services to business customers, helping them stay compliant with evolving ACH rule changes.
• Wintrust Business CreditcoreStrategic or Co-development PartnerWintrust Business Credit specializes in creative and competitive asset-based lending including revolving lines of credit on accounts receivable and inventory, and term loans secured by equipment and real estate. Serves middle-market companies in various industries including manufacturing, distribution, logistics, food and beverage, and steel/metals.
• Wintrust MortgagecoreStrategic or Co-development PartnerWintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank. NMLS #449042. Provides residential lending including purchase mortgages, refinances, and home equity products through relationship pricing programs for Wintrust Community Bank customers.

Scale indicators3 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Associated Banc-Corp: Midwest regional bank headquartered in Wisconsin with branches across Illinois, Wisconsin, Minnesota, and other Midwest states; competes directly for retail, small business, and commercial deposits and loans in Wauconda's geographic footprint.
• First Busey Corporation: Illinois-headquartered community bank with comparable footprint across Illinois, Indiana, Florida, and Missouri; offers similar personal, small business, and commercial banking including SBA lending and wealth management.
• Heartland Financial USA (HTLF): Multi-state community bank holding company operating independent community bank charters under a similar federated model; comparable in SBA lending, commercial/middle-market banking, and asset-based lending orientation.
• Wintrust Financial Corporation: Direct parent and the holding company for the Wintrust Community Bank network including Wauconda Community Bank. Operates the same community banking model, shared digital infrastructure, and MaxSafe program across 200+ locations, making it the closest comparable entity.
• Byline Bancorp: Chicago-based community bank holding company with similar SME, commercial, and retail banking focus in the same Midwest geography; serves as a direct local competitor for SMB and middle-market deposits and loans.
• Old National Bancorp: Midwest regional bank with operations across Illinois, Indiana, Michigan, Wisconsin, Minnesota, and Kentucky; similar community banking model with commercial, wealth, and mortgage lines serving overlapping Midwest markets.

Broad incumbents

• Bank of America: National incumbent bank with strong digital and branch presence in Midwest markets; offers competing retail, small business, and commercial products, especially in checking/savings and digital deposit acquisition.
• JPMorgan Chase (Chase Bank): National incumbent bank with deep Midwest presence including Chicago; competes on retail deposits, small business, SBA, and commercial banking with a digital-first experience that pressures community bank customer acquisition.
• BMO Harris Bank: Large Midwest-headquartered bank with broad retail, commercial, and wealth services across Chicago and the upper Midwest; competes with Wauconda on SBA, commercial, and retail deposits though at much greater scale and product breadth.

Emerging players

• Lakeland Bancorp: New Jersey-based community bank holding company with comparable SBA lending, commercial, and retail focus; represents a similar-sized regional community bank model though operating in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WaucondaBank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Wauconda Community Bank