Hyde Park Bank

What Hyde Park Bank does

Hyde Park Bank is a community bank brand operating under Wintrust Financial Corporation, a privately-held regional banking organization headquartered in Rosemont, Illinois. Founded in 1991, Hyde Park Bank serves consumer, small business, and commercial customers across approximately six to eight branch locations in the Chicago metropolitan area (including Hyde Park, Brighton Park, Pullman, and surrounding South Side neighborhoods), operating as one of 200+ Wintrust Community Bank locations spanning Illinois, Wisconsin, Michigan, Indiana, and Florida with $74 billion in consolidated parent assets and 16 community bank charters.

The bank offers a comprehensive suite of personal banking products including Total Access Checking, Access Plus Checking, Premier Checking, Money Smart Checking, Statement Savings Advanced savings accounts, Home Equity Lines of Credit (variable rates from 6.75% to 7.50% APR), credit cards issued through Elan Financial Services under Visa license, and residential mortgages via Wintrust Mortgage. Small business offerings include Entrepreneur Checking, Business Community Checking, and Have-It-All Business Checking tiers, plus SBA loans (Express up to $500K, 7(a) up to $5M, 504 up to $10M), the MaxSafe FDIC insurance enhancement program offering up to $4M coverage, and the i-BusinessBanking digital platform with ACH origination and Positive Pay fraud protection. Commercial services include asset-based lending (facilities up to $205M disclosed), treasury management, capital markets, commercial leasing, and industry-specific lending across verticals including condo/HOA, construction, franchise finance, government/municipal, not-for-profit, and professional practice groups.

Revenue is generated primarily through net interest income on loans (mortgages, HELOCs, commercial, SBA, small business, consumer) and deposits, supplemented by deposit account fees, transaction fees, credit card interchange via Elan Financial Services partnership, wealth management advisory fees, and safe deposit box rentals. Distribution combines physical branch banking with the Wintrust Digital Banking platform (online and mobile app with Zelle P2P payments and mobile deposit), a 50,000+ location surcharge-free ATM network through Allpoint/MoneyPass/SUM partnerships, and appointment-based relationship banking supported by dedicated business bankers, loan officers, and wealth management advisors. The bank is FDIC insured, Equal Housing Lender designated, and pursues community banking differentiation through FDIC Money Smart financial education programs, local events, and youth/senior customer engagement programs (Junior Savers Club, Platinum Adventures Club).

Name

Hyde Park Bank

Legal name

Hyde Park Bank

Website

https://hydeparkbank.net

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Hyde Park Bank is a community bank brand under Wintrust Financial Corporation, serving consumer, small business, and commercial customers through approximately six to eight branches in Chicago's South Side neighborhoods, offering deposit accounts, SBA loans, mortgages, wealth management, and digital banking.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Bank-Affiliated Retail Wealth Management (FSAAAAAB), Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Community banking services
• Small business lending
• Commercial lending
• Wealth management services
• Mortgage lending

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Primary revenue stream from interest earned on loans including mortgages, home equity lines of credit, commercial loans, SBA loans, small business loans, and consumer loans.
2. Deposit Account Fees: Monthly maintenance fees on checking and savings accounts, with fee waivers for customers meeting minimum balance requirements.
3. Transaction Fees: Fees for transactions exceeding free monthly limits on business checking accounts, wire transfers, and ATM usage outside network.
4. Credit Card Income: Income from credit card transactions through partnership with Elan Financial Services.
5. Wealth Management Services: Asset management, investment, private client, and trust services generating fees from advisory and management services.
6. Safe Deposit Box Rental: Annual rental fees for safe deposit boxes with size-based pricing.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Hyde Park Bank is a community bank brand under Wintrust Financial Corporation that delivers personal, small business, and commercial banking products and services. It offers checking and savings accounts, mortgages, home equity lines of credit, credit-building loans, personal and business credit cards, SBA loans, asset-based lending, treasury management, and wealth management services delivered through a network of physical branches and the Wintrust Digital Banking mobile and online platform.

Product overview

Hyde Park Bank is a Wintrust Community Bank offering a comprehensive banking platform with multiple product lines across personal, small business, and commercial segments. The personal banking suite includes Total Access Checking, Access Plus Checking, and Premier Checking accounts alongside Statement Savings Advanced, Money Smart Checking/Savings, Home Equity Lines of Credit, and Wintrust Mortgage. Specialized programs include Platinum Adventures Club (50+ travel/social club) and Junior Savers Club (children's savings program). Small business offerings feature Entrepreneur Checking, Business Community Checking, Have-It-All Business Checking, MaxSafe (enhanced FDIC coverage up to $4M), SBA loan products (Express, 7(a), 504), and i-BusinessBanking digital platform. Commercial services include Asset-Based Lending through Wintrust Business Credit, Treasury Management, and Private Client/Wealth Management. All services are accessible through Wintrust Digital Banking mobile and online platforms.

Differentiator

Problem solved

Functional benefit

Brands

• Wintrust Digital Banking: Online and mobile banking platform for Wintrust community bank customers
• Wintrust Mortgage
• Money Smart Checking
• Platinum Adventures Club
• Junior Savers Club
• MaxSafe
• Wintrust Wealth Management

Products and services

• Personal Checking Accounts
• Personal Savings Accounts and CDs
• Home Equity Line of Credit (HELOC)
• Residential Mortgages
• Personal Credit Cards
• Credit Building Loans
• Business Checking Accounts
• SBA Loans
• Small Business Credit Cards
• Asset-Based Lending
• Treasury Management
• Wealth Management Services
• MaxSafe FDIC Coverage Enhancement
• Wintrust Digital Banking
• i-BusinessBanking
• Platinum Adventures Club
• Junior Savers Club

Quantifiable outcome

• 200+ branch locations across Illinois, Wisconsin, Michigan, Indiana, and Florida
• +4 more outcomes

Named customers5 records

Segments7 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

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Elan Financial ServicescoreTechnology or IntegrationCredit card issuer and processor partner. Elan Financial Services provides credit card products under Visa license for Hyde Park Bank customers, including zero fraud liability protection and 24/7 cardmember service.
• Horizon SteelminorOthersCustomer testimonial partner and case study subject. Mid-market steel and metals company using Wintrust asset-based lending services.
• Allpoint, MoneyPass, SUM NetworkscoreTechnology or IntegrationATM network partnerships providing surcharge-free ATM access to Wintrust customers at over 50,000 combined network locations nationwide.
• Wintrust Receivables FinancecoreTechnology or IntegrationInternal Wintrust division providing working capital financing facilities for commercial customers including accounts receivable and inventory financing.
• Wintrust Mortgage (Division of Barrington Bank & Trust Company, N.A.)coreTechnology or IntegrationAffiliate mortgage lending division providing residential mortgage products. Wintrust Mortgage NMLS #449042 offers purchase, refinance, and home equity solutions.
• NachacoreTechnology or IntegrationACH Network governing body. Wintrust participates in the ACH Network for direct deposits, direct payments, and Same Day ACH capabilities.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Old National Bancorp: Regional community bank operating across the Midwest and Southeast with commercial banking, wealth management, and mortgage services. Comparable geographic and product footprint to Wintrust's multi-charter community banking model.
• Byline Bank: Chicago-based community bank providing commercial, small business, and personal banking services with focus on relationship banking. Highly comparable to Hyde Park Bank in market, customer segments, and community banking model.
• First Busey Corporation: Illinois-based community bank operating across Illinois, Indiana, Florida, and Missouri with personal, business, and wealth management services. Highly comparable community-banking model in overlapping geography.
• Pinnacle Financial Partners: Nashville-based community bank focused on relationship-driven commercial and small business banking. Comparable to Hyde Park Bank's relationship-banking model and emphasis on commercial/small business client service.
• Bridgewater Bancshares: Minneapolis-based commercial bank focused on commercial lending, treasury management, and deposit services. Comparable to Hyde Park Bank's commercial banking and commercial real estate focus with similar middle-market client emphasis.

Broad incumbents

• BMO Harris Bank: Major Midwest commercial bank with deep Chicago presence offering consumer, commercial, and wealth services. Significant overlap in target customer base and product offerings with Hyde Park Bank.
• Heartland Financial USA (HTLF): Multi-state community banking organization with a network of community banks across the Midwest, Southwest, and West. Comparable multi-charter structure and community banking focus to Wintrust/Hyde Park Bank.
• Fifth Third Bank: Regional bank with strong Midwest presence including Chicago, offering commercial, consumer, and wealth management services. Comparable commercial banking capabilities with broader geographic footprint.
• JPMorgan Chase: National megabank with extensive Chicago presence offering consumer, small business, and commercial banking. Overlaps with Hyde Park Bank in target customer segments but operates at vastly larger scale and broader portfolio.

Others

• Wintrust Financial Corporation: Parent company of Hyde Park Bank. A $74B-asset private banking organization with 200+ community bank branches across five states and 16 charters. Included as the parent/strategic context for Hyde Park Bank's positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/wintrust
• LinkedInlinkedin.com/company/wintrust
• Instagraminstagram.com/wintrust

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 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 Hyde Park Bank