Northbrook bank

What Northbrook bank does

Northbrook Bank & Trust Company, N.A., operating as Northbrook Bank, is a privately held Illinois-chartered community bank and one of 16 subsidiary charters of Wintrust Financial Corporation, a regional banking organization with $74 billion in total assets. Founded in 2000 by Richard Rushkewicz within the Wintrust Community Bank network that originated in 1991, the bank serves individual consumers, small businesses, and middle-market commercial clients across the northern Chicago suburbs of Northbrook, Buffalo Grove, Deerfield, Glenview, Northfield, and Wheeling. Local governance is exercised through a board chaired by CEO Nathan Margol since 2020, with Stephen L. Madden serving as North Region Market Head and Michael Moylan as President.

The bank's product architecture spans three core verticals: personal banking (Total Access, Access Plus, and Premier Checking tiers; Statement Savings Advanced; 13-Month CD Special at 4.00% APY; Home Equity Lines of Credit starting at 6.75% APR; Visa credit cards issued through Elan Financial Services; Wintrust Mortgage purchase and refinance products; and the Money Smart credit-building suite including Everyday Loans up to $5,000), small business banking (Entrepreneur, Business Community, and Have-It-All Business Checking with tiered transaction bundles; Cash Management with remote deposit capture and Positive Pay; SBA Express/7(a)/504 loans up to $10 million; and the MaxSafe FDIC insurance enhancement pooling deposits across Wintrust's 16 charters for up to $4M coverage per depositor), and commercial banking (Asset-Based Lending through Wintrust Business Credit, commercial lending, franchise finance, government/municipal lending, treasury management, and Wintrust Wealth Management). Operations run on the Wintrust Digital Banking platform — a unified mobile and online banking system deployed across iOS, Android, and web, with Zelle P2P payments, mobile deposit, online bill pay, and i-BusinessBanking for commercial clients; fraud protection is delivered via Trusteer and Positive Pay.

The revenue model is built primarily on net interest income from loans (mortgages, HELOCs, commercial, SBA, consumer) and the spread between loan yields and deposit costs on CDs and savings accounts. Non-interest income streams include checking and savings maintenance fees waived with minimum balances, ATM surcharges, wire transfer fees, overdraft charges, treasury management and merchant processing fees, and interchange revenue from the Elan-operated credit card program. GTM combines a sales-led relationship-banking motion through branch-based personal bankers and designated business bankers with a direct-to-consumer channel offering online account opening, mobile self-service, and appointment-based consultations across the six Northbrook-branded branches that draw liquidity and referrals from Wintrust's broader 200+ location network spanning Illinois, Wisconsin, Michigan, Indiana, and Florida.

Name

Northbrook bank

Legal name

Northbrook Bank & Trust Company, N.A.

Website

https://northbrookbank.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Northbrook Bank & Trust, a community bank subsidiary of Wintrust Financial Corporation, provides personal, small business, and commercial banking — including checking, savings, HELOCs, SBA loans, and treasury management — to consumers and middle-market firms across six branches in Chicago's northern suburbs.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industries

Real Estate (Commercial Property, REITs) (FSABACAH), Corporate & Institutional Trust Services (FSAAANAB)

Keywords

• Community banking services
• Personal banking products
• Small business lending
• Commercial lending services
• Wealth management solutions

Headquarters

HQ city

Rosamond

HQ country

United States

HQ region

North America

Offices7 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: Revenue from interest on loans including mortgages, HELOCs, commercial lending, SBA loans, and consumer loans. Variable and fixed rate products generate interest income based on prime rate plus margins.
2. Deposit Fees and Charges: Monthly maintenance fees on checking accounts (waived with minimum balances), ATM fees, wire transfer fees, and overdraft/returned item charges.
3. Credit Card Revenue: Transaction fees and interchange revenue from credit card program operated through Elan Financial Services.
4. Commercial Banking Services: Treasury management fees, cash management fees, merchant processing fees, and commercial lending origination fees.
5. Certificate of Deposit Interest: CDs and savings accounts pay interest to depositors; bank earns spread between loan rates and deposit rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Northbrook Bank & Trust is a community bank offering deposit accounts (checking, savings, CDs), consumer lending (HELOCs, mortgages, personal loans, credit cards) and small business and commercial banking products including SBA loans, asset-based lending, cash management and treasury management. It distributes these services through six northern Chicago suburb branches, the Wintrust digital banking platform, and dedicated business bankers, serving individuals, small businesses and middle-market commercial clients.

Product overview

Northbrook Bank & Trust Company, N.A. is a Wintrust Community Bank offering a comprehensive suite of personal, small business, and commercial banking products. The bank's personal banking includes three checking tiers (Total Access Checking, Access Plus Checking, Premier Checking), Statement Savings and CD products, Home Equity Lines of Credit, credit cards through Elan Financial Services, and mortgage lending via Wintrust Mortgage. For credit building, it offers Money Smart Checking and Savings with the Everyday Loan and Money Smart CD Loan. Small business banking features Entrepreneur Checking, Business Community Checking, Have-It-All Business Checking, Cash Management services, SBA loans (Express, 7(a), and 504), and MaxSafe FDIC insurance enhancement. Commercial banking includes Asset-Based Lending, Treasury Management, and Wealth Management through Wintrust. The bank also operates community loyalty programs: Junior Savers Club for children and Platinum Adventures Club for customers 50+. All services are accessible through the bank's Digital Banking platform with over 200 Wintrust Community Bank locations.

Differentiator

Problem solved

Functional benefit

Brands

• Platinum Adventures Club: A social and travel club for customers 50+ years of age offering trips, seminars, and community events.
• Junior Savers Club
• Teen Banking Club

Products and services

• Total Access Checking Basic personal checking account with $100 to open, no minimum monthly balance or maintenance fees, Early Pay direct deposits up to 2 days early, and free ATMs nationwide through Allpoint, MoneyPass and SUM networks.
• Access Plus Checking Enhanced personal checking account with variable monthly interest, waived safe deposit box fees, free checks, and wire transfer reimbursements for customers meeting $2,500 average daily balance or $25,000 combined relationship balance.
• Premier Checking Premium personal checking account with tiered variable interest, 0.15% rate bonus on Statement Savings, waived wire fees and up to 5 domestic wire reimbursements for customers meeting $10,000 average daily balance or $75,000 combined relationship balance.
• Statement Savings Advanced Interest-bearing personal savings account with 2.00% APY with qualifying activities, no minimum to open, and a $200 daily balance requirement to avoid the $5 monthly maintenance fee.
• 13-Month CD Special Certificate of Deposit offering 4.00% APY with $1,000 minimum to open and automatic renewal at standard rate upon maturity.
• Money Smart Checking Credit-building personal checking account with $10 to open, no minimum balance, no maintenance fees, optional Dollar-A-Day savings service, no overdraft fees and up to 6 free out-of-network ATM reimbursements per cycle.
• Money Smart Savings Interest-bearing savings account paired with Money Smart Checking for credit building, including ATM reimbursements.
• Everyday Loan Fixed-rate personal loan product up to $5,000 for credit-building borrowers, with rates lower than most credit cards and a quick approval decision.
• Money Smart CD Loan Credit-builder loan in which borrowed funds are placed into a Certificate of Deposit that becomes the borrower's upon loan payoff, supporting credit history and savings simultaneously.
• Home Equity Line of Credit (HELOC) Variable-rate revolving line of credit secured by home equity with a 10-year draw period and 20-year repayment period, with tiered APRs starting at 6.75% and based on WSJ Prime plus margin.
• Personal Credit Cards Visa credit cards issued through Elan Financial Services with cash back, rewards and credit-building options, zero fraud liability and 24/7 customer service.
• Wintrust Mortgage Mortgage lending division of Barrington Bank & Trust offering purchase, refinance and home equity funding for personal and investment properties, with relationship pricing for Wintrust customers.
• Junior Savers Club Youth loyalty program for account holders under age 22 that provides a $10 new-account bonus, free events, field trips and Treat Dollars rewards redeemable at local businesses.
• Platinum Adventures Club Social and travel loyalty program for customers 50+ years of age featuring trips, seminars and community events organized by the bank.
• Entrepreneur Checking Business checking account designed for startups offering 150 free monthly transactions, free online statements and mobile deposit access.
• Business Community Checking Business checking account for established local businesses with 250 free monthly transactions and access to a designated business banker.
• Have-It-All Business Checking Premium business checking for larger enterprises with 400 free monthly transactions and a $20,000 minimum balance requirement, plus extended cash management benefits.
• Business Money Market Account Business savings account with checking capabilities and ATM access, earning competitive interest for businesses seeking liquidity and yield.
• Business Certificate of Deposit Fixed-rate business CD allowing businesses to lock in interest rates for extended periods to maximize business savings.
• Cash Management Suite of business banking tools including merchant processing, remote deposit capture, ACH origination, wire transfers and Positive Pay fraud prevention.
• MaxSafe FDIC insurance enhancement that increases deposit coverage from $250,000 to $4 million per accountholder by spreading deposits across 16 Wintrust community bank charters.
• SBA Express Loan SBA-guaranteed loan up to $500,000 for business expansions, acquisitions and cash flow management, with expedited turnaround and lower down-payment requirements.
• SBA 7(a) Loan SBA-guaranteed loan up to $5 million for business expansion, acquisitions, debt refinancing and working capital with flexible terms.
• SBA 504 Loan SBA-guaranteed loan up to $10 million for equipment and owner-occupied real estate acquisition, with down payments as low as 10% and fixed-rate options.
• Small Business Lending Business lending solutions including revolving lines of credit, term loans and business overdraft protection for cash flow, equipment and inventory financing.
• i-BusinessBanking Online and mobile business banking platform enabling 24/7 account management, remote deposit capture, ACH origination and wire transfers for business clients.
• Asset-Based Lending Revolving lines of credit secured by accounts receivable and inventory, plus term loans for equipment and real estate, delivered via Wintrust Business Credit for middle-market companies with working capital needs.
• Wintrust Wealth Management Wealth management offering asset management, private client banking, investment and insurance solutions, and trust and estate services.
• Digital Banking Online and mobile banking platform enabling account access, bill pay, mobile deposits, Zelle person-to-person transfers and account management through web and mobile apps (iOS and Android).

Quantifiable outcome

• FDIC insurance up to $4 million through MaxSafe program
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Elan Financial ServicescoreTechnology or IntegrationCredit card issuer and processor for Northbrook Bank credit card products. Elan Financial Services provides card processing, fraud protection, and cardmember services under Visa license.
• FDIC (Federal Deposit Insurance Corporation)coreStrategic or Co-development PartnerFDIC provides Money Smart financial education curriculum used by Northbrook Bank for consumer, youth, and small business financial literacy programs.
• NachacoreTechnology or IntegrationACH Network operator governing direct deposits and direct payments. Nacha sets rules and standards for ACH transactions that Northbrook Bank implements for treasury management services.
• Wintrust Business CreditcoreStrategic or Co-development PartnerSpecialized division providing asset-based lending, receivables finance, and creative financing solutions for middle-market companies with working capital needs.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lake Forest Bank & Trust: Wintrust community bank charter serving affluent Lake Forest and the North Shore with the same Wintrust Digital Banking platform, MaxSafe program, and consumer/commercial product suite. Directly comparable in target market and go-to-market approach.
• Barrington Bank & Trust: A sibling Wintrust community bank charter serving the Chicago suburbs with the same product suite, deposit products, and Wintrust Digital Banking platform. Directly comparable as a sister charter operating the same community banking model in an adjacent Chicago geography.
• Schaumburg Bank & Trust: Wintrust community bank charter serving the northwest Chicago suburbs. Provides the same consumer, small business, and commercial banking offerings and benefits from the same Wintrust technology stack as Northbrook Bank.
• Byline Bancorp: Chicago-based community bank holding company operating Byline Bank with a similar community banking focus on small business lending, SBA loans, and consumer banking in the Chicago metro area. Comparable as a competitor targeting the same small business and consumer segments in Chicago.
• Town Bank: Wintrust community bank charter serving Wisconsin markets. Uses the same Wintrust Digital Banking, MaxSafe, and product platform and serves a comparable mix of consumer, small business, and commercial customers—comparable as a sister charter in the Wintrust system.
• Libertyville Bank & Trust: Another Wintrust community bank charter, managed by Stephen L. Madden (Northbrook Bank's Chairman) as CEO. Operates identical consumer, small business, and commercial banking products as Northbrook, serving the Libertyville/northern Lake County market.
• Hinsdale Bank & Trust: Wintrust community bank charter serving the western Chicago suburbs. Operates the same community banking model, product suite, and digital platform as Northbrook, targeting individual consumers, small businesses, and middle-market commercial clients.
• Beverly Bank & Trust: Wintrust community bank charter serving Chicago's south side and south suburbs. Operates the same community banking model, deposit products, and SBA/commercial lending capabilities as Northbrook under the Wintrust umbrella.

Broad incumbents

• Wintrust Financial Corporation: Wintrust Financial Corporation is the $74B-asset parent company and operator of Northbrook Bank and 15 other community bank charters. It is comparable as the parent platform providing shared technology, the Wintrust Mortgage and Wintrust Wealth Management divisions, and the MaxSafe program that Northbrook Bank leverages.
• Old National Bank: Regional bank resulting from the First Midwest Bancorp merger, with a sizable Chicago-area franchise competing for community banking, small business, and middle-market commercial clients. Comparable as a larger regional player competing in the same Chicago community banking market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Wintrust
• LinkedInlinkedin.com/company/wintrust
• Facebookfacebook.com/Wintrust

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Northbrook bank