Forest Park Bank

What Forest Park Bank does

Forest Park Bank (legal name: Forest Park National Bank & Trust Company) is a privately held, independent community bank headquartered at 7348 Madison Street in Forest Park, Illinois, operating continuously since May 15, 1943. The bank serves individual consumers and small-to-medium businesses in the Forest Park trade area through two physical branches (Madison Street full-service and Roosevelt Road drive-up), an online banking platform (my.forestparkbank.com), a mobile banking app for iOS and Android, 24/7 bank-by-phone service, and proprietary ATMs connected to the Allpoint network of 55,000+ surcharge-free locations nationwide. Its product set spans personal checking (Personal, Choice, Student, Good Times, Personal NOW, HSA, Connexions), savings (Statement Savings, Personal Money Market, CDs, IRAs, MoneyBeez minor savings, HSA), consumer lending (personal installment, vehicle, home mortgages, 5/1 ARMs, home equity), and business banking (Business Checking, e-Business Checking, Small Business Checking, Business NOW, Business Money Market, Not-for-Profit Checking), plus merchant card services delivered through a third-party payment processor partnership and a wholly-owned mortgage subsidiary, Forest Mortgage Services, formed in 1992.

Revenue is generated through five primary streams: net interest income on commercial, consumer, mortgage, and home equity loans; monthly deposit account maintenance fees (Personal Checking $10, Choice $3, Business Checking $17, e-Business $15, Small Business $12, Business Money Market $10); transaction-based fees including check writing, ACH debits, coin/currency deposits, and tiered check deposit charges; merchant card processing revenue; and overdraft and excessive-transaction fees (e.g., $10 excessive debit fee after the sixth debit in a statement cycle on certain accounts). Pricing is quote-based for loans and publicly disclosed for deposit accounts, with minimum opening balances ranging from $100 to $2,500 and monthly fee waiver thresholds tied to average daily balances.

The October 2024 core platform upgrade repositioned the bank's digital stack — introducing new Consumer and Business Online Banking platforms, redesigned mobile apps, upgraded e-statements, small-business cash management (invoicing, digital payments via secure link and QR code), and contactless MasterMoney debit cards — while maintaining the existing relationship-led, locally embedded distribution model. The bank is FDIC-insured, an Equal Housing Lender, and holds the MasterMoney registered trademark for its debit card product.

Name

Forest Park Bank

Legal name

Forest Park National Bank & Trust Company

Website

https://forestparkbank.com

Company type

Private

Founded year

1943

Operating status

Operating

Headcount range

51–100 employees

Short description

Forest Park Bank is a privately held, independent community bank headquartered in Forest Park, Illinois, serving individual consumers and small-to-medium businesses through two local branches and digital banking channels with deposit products, consumer and commercial lending, and merchant card services.

Ownership category

akta.pro rank

Headquarters

HQ city

Forest Park

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: The bank generates revenue through interest earned on various loan products including commercial loans, consumer loans, mortgages, home equity loans, vehicle loans, and personal installment loans. Loan products include adjustable rate mortgages (5/1 ARM), home equity lines of credit, and construction lending.
2. Deposit Account Fees and Maintenance Charges: Monthly maintenance fees for various account types including Business Checking ($17/month), e-Business Checking ($15/month), Small Business Checking ($12/month), Personal Checking ($10/month), and various other account-based fees for transactions, deposits, and withdrawals.
3. Merchant Card Services: Revenue generated from processing credit and debit card payments for business merchants. The bank partners with an external payment processor to provide these services.
4. Overdraft and Excessive Transaction Fees: Fees charged for exceeding transaction limits on certain accounts and overdraft situations. Excessive debit fees of $10 apply after sixth debit in statement cycle for certain accounts.
5. Transaction-based Fees: Fees for various transaction types including check writing (after free limit), ACH debits, coin/currency deposits, and check deposits with tiered pricing based on volume.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Forest Park Bank is a community bank offering deposit products (checking, savings, money market, CDs), debit cards, consumer and commercial loans, residential mortgages, and merchant card services to individuals and small businesses in the Forest Park, Illinois area. The bank operates one branch location, complemented by online and mobile banking, and is an FDIC-insured independent institution founded in 1943.

Product overview

Forest Park Bank (d/b/a Forest Park National Bank & Trust Co.) is a community bank headquartered in Forest Park, Illinois, offering a unified platform of banking products organized around three core pillars: consumer financial services (checking, savings, HSA, debit cards) and lending (consumer and mortgage), business banking (deposit accounts, merchant services, commercial lending), and digital banking (online, mobile, and phone banking with associated tools). The digital banking experience is anchored by FPB Online Banking and the Forest Park Bank Mobile App, which together provide account management, fund transfers, bill payment, and mobile deposit. Named product suites include FPB Digital Wallet (Apple Pay/Google Pay/Samsung Pay integration), FPB Insight (small business budgeting tool), FPB Home Equity (home equity lending), and FPB Merchant Card Services. Debit cards are issued under the MasterMoney Card brand with Allpoint ATM network access. The product portfolio also includes a comprehensive financial calculators suite and a Switch Kit for account migration. The bank completed a major platform upgrade in October 2024, introducing new mobile apps, contactless debit cards, and enhanced cash management features.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Day-to-day transaction accounts for individual consumers, available with a debit card, online and mobile access, and standard FDIC deposit insurance.
• Personal Savings Accounts Interest-bearing savings accounts for individual consumers, designed to hold deposits alongside checking accounts and earn interest.
• Money Market and Certificate of Deposit Accounts Higher-yield deposit products (money market and CDs) for individuals and businesses seeking term or tiered savings options.
• Business Checking and Savings Accounts Deposit accounts designed for small and mid-sized businesses to handle operating cash, payables, and reserves.
• Debit Cards Shazam-branded debit cards for consumer and business checking customers, supporting ATM access, point-of-sale purchases, and digital wallet tokenization (Apple Pay, Google Pay, Samsung Pay).
• Consumer and Commercial Loans Loan products extended by the bank to individual borrowers and small/mid-sized businesses for personal, real estate, and commercial purposes.
• Residential Mortgage Loans Mortgage financing for individuals purchasing or refinancing owner-occupied residential property.
• Merchant Card Services Payment card acceptance and processing for the bank's small-business customers, enabling them to take debit and credit card payments.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

One partnership is on record.

• Payment Processing Partner (Unnamed)coreTechnology or IntegrationForest Park Bank has partnered with one of the largest and most experienced payment providers to offer merchant card services. This partnership enables the bank to provide credit and debit card processing capabilities for business customers, including access to a wide variety of payment equipment and processing infrastructure.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Wintrust Financial Corporation: Chicago-area bank holding company that operates a network of community bank charters (e.g., Old Plank Trail Community Bank, Hinsdale Bank & Trust, Beverly Bank) — the same locally-branded community banking model Forest Park Bank operates, but at significantly greater scale. Most directly comparable business model: small-town, relationship-driven banking with multi-product consumer and commercial offerings.
• First Bank Chicago: Independently owned community bank headquartered in the Chicago area, focused on personal and small business banking. Similar in ownership structure (private), product mix (deposits, lending, digital), and target customer base to Forest Park Bank.
• Lakeside Bank: Independent Chicago community bank offering personal and business banking, commercial lending, and digital services. Comparable as a small, independent, privately held community bank serving the Chicago metropolitan area with similar product breadth.
• Libertyville Bank & Trust: Independent community bank in the northern Chicago suburbs with consumer and business banking products. Comparable as a small, privately held Illinois community bank with a multi-generational local presence and traditional branch-plus-digital model.
• Hinsdale Bank & Trust Company: A Wintrust subsidiary that operates as a community bank in the western Chicago suburbs. Comparable as a locally-branded community bank with consumer, business, and mortgage lending; similar relationship-driven model to Forest Park Bank, though with greater scale.
• Bridgeview Bank Group: Independent, privately held community bank headquartered in the Chicago suburbs (Bridgeview, IL), serving small businesses and consumers with deposit, lending, and digital services. Highly comparable in size, ownership profile (private/family-influenced), and local-market focus.
• North Shore Trust and Savings (NSMT): Small, independent Illinois community bank with a long operating history and similar mix of personal and business deposit products, mortgages, and consumer lending. Closely comparable in scale and local-relationship banking model.
• Byline Bank: Chicago-headquartered community bank focused on small business and consumer banking, with a similar mix of deposit accounts, lending, and digital services. Comparable in target market (Chicago metro small businesses and consumers) and product breadth, but operates at materially larger scale than Forest Park Bank.

Broad incumbents

• Old National Bank: Large Midwest community-focused bank (formed via First Midwest merger) with substantial Illinois presence. Offers the same consumer, business, mortgage, and treasury products Forest Park Bank offers, but at much larger scale; useful as a benchmark and potential acquirer reference.
• BMO Bank (formerly BMO Harris): Large incumbent bank with deep Chicago-area branch and ATM footprint, including community-style branches near Forest Park. While not a direct small-bank competitor, BMO's community-banking positioning and deposit/lending product set most directly overlap with what Forest Park Bank offers to local consumers and small businesses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Forestparkbank
• Instagraminstagram.com/forest_park_bank?igshid=1fxgchsopjwa5
• LinkedInlinkedin.com/company/forest-park-national-bank-and-trust-company

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Forest Park Bank