Markham Bank & Trust

What Markham Bank & Trust does

Markham Bank & Trust is a community bank chartered under the legal name Old Plank Trail Community Bank, N.A., operating as one of 16 community bank charters within Wintrust Financial Corporation (NASDAQ: WTFC). Founded in 1991, the bank serves individual consumers, small businesses, and middle-market commercial clients primarily across Illinois and Indiana, with access to Wintrust's broader 200+ branch network spanning Illinois, Indiana, Wisconsin, Michigan, and Florida.

The bank operates a full-service retail and commercial banking platform built on conventional community banking infrastructure: deposit products (Total Access Checking, Access Plus Checking, Premier Checking, Statement Savings Advanced, 13-Month CD Special, MaxSafe), lending products (HELOCs, mortgages through Wintrust Mortgage, SBA loans up to $10M, asset-based lending through Wintrust Business Credit, personal credit-builder loans), and fee-based services (wealth management, treasury management, cash management). Technology is delivered through the Wintrust Digital Banking mobile application, i-BusinessBanking platform with mobile remote deposit capture, Zelle P2P payments, and third-party fraud protection via Trusteer. MaxSafe provides a structural differentiator by aggregating FDIC coverage across 16 charters to insure deposits up to $4 million per accountholder.

Markham Bank & Trust generates revenue primarily through net interest income (mortgages, commercial loans, SBA loans, HELOCs, asset-based lending) supplemented by transaction fees (deposit account maintenance, overdraft, wire transfers, treasury management), credit card interchange via the Elan Financial Services partnership, and mortgage origination fees through Wintrust Mortgage. Distribution combines relationship-based field sales through 200+ community bank branches with self-service digital banking channels. Customer engagement is reinforced through the Platinum Adventures Club (50+ customers) and Junior Savers/Teen Banking Club loyalty programs, supporting multi-generational household retention.

Name

Markham Bank & Trust

Legal name

Old Plank Trail Community Bank, N.A.

Website

https://markhambank.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Markham Bank & Trust is a community bank charter within Wintrust Financial Corporation's 200+ branch network, serving consumers, small businesses, and middle-market commercial clients across Illinois and Indiana with deposit products, SBA and asset-based lending, mortgages, and treasury management.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

akta.pro secondary industries

Escrow, Trust & Agency Services (escrow, paying agent, trustee) (FSABAIAI), Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Community banking services
• Retail deposit products
• Small business lending
• Commercial banking services
• Wealth management services

Headquarters

HQ city

Markham

HQ country

United States

HQ region

North America

Offices16 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: Traditional banking revenue from interest earned on loans including mortgages, commercial loans, SBA loans, home equity lines of credit, and personal/business lending. Variable and fixed rate products generate interest income.
2. Deposit Account Fees: Monthly maintenance fees on checking and savings accounts (waived with minimum balance requirements), overdraft fees, and ATM fees. Safe deposit box rental fees.
3. Credit Card Interchange: Credit card revenue through partnership with Elan Financial Services. Cards issued pursuant to Visa license with transaction interchange income.
4. Business Banking Fees: Transaction fees on business checking accounts (Entrepreneur Checking, Business Community Checking, Have-It-All Business Checking), wire transfer fees, and treasury management service fees.
5. Asset-Based Lending: Working capital financing facilities including revolving lines of credit on accounts receivable and inventory, and term loans secured by equipment and real estate through Wintrust Business Credit.
6. Mortgage Origination: Mortgage lending through Wintrust Mortgage (division of Barrington Bank & Trust Company, N.A.) with relationship pricing for existing customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Markham Bank & Trust is a community bank providing deposit products (checking, savings, CDs, money market accounts), consumer and commercial lending (mortgages, HELOCs, personal loans, SBA loans, asset-based lending, commercial lending), credit cards, and wealth management services. It serves individual consumers, small businesses, and middle-market commercial clients through physical branches, digital banking platforms, and relationship-based sales. The bank is one of 16 community bank charters under the Wintrust Financial Corporation umbrella and uniquely offers the MaxSafe program that extends FDIC coverage up to $4 million per accountholder.

Product overview

Markham Bank & Trust is a community bank operating as part of the Wintrust Community Bank network, offering a comprehensive suite of personal, small business, and commercial banking products and services. The core banking platform consists of deposit products (checking, savings, CDs) and lending solutions (mortgages, HELOCs, personal loans, business loans, SBA loans) supplemented by wealth management, treasury management, and digital banking services. Loyalty programs including Platinum Adventures Club (50+ customers) and Junior Savers/Teen Banking Club (youth customers) enhance customer engagement. MaxSafe provides enhanced FDIC coverage up to $4 million. Digital banking is delivered through Wintrust Digital Banking for consumers and i-BusinessBanking for business customers.

Differentiator

Problem solved

Functional benefit

Brands

• Platinum Adventures Club: A social and travel club for customers 50+ years of age offering exciting experiences, seminars, activities, and trips.
• Junior Savers Club

Products and services

• Total Access Checking Entry-level everyday checking account with no minimum monthly balance or maintenance fees, free nationwide ATM access through Allpoint, MoneyPass, and SUM networks, and Early Pay feature allowing direct deposits up to 2 business days early. Designed for personal banking customers seeking simple, no-fee checking.
• Access Plus Checking Interest-bearing mid-tier personal checking account with variable interest paid monthly, waived safe deposit box fees, free checks, wire transfer and money order reimbursements. $10 monthly fee waived with $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 Advanced accounts, waived safe deposit boxes, and up to 5 outgoing wire reimbursements. $25 monthly fee waived with $10,000 average daily balance or $75,000 combined relationship balance.
• Statement Savings Advanced Interest-bearing personal savings account offering 2.00% APY with qualifying activities. No minimum to open, with $200 daily minimum balance to avoid $5 monthly maintenance fee. New money only.
• 13-Month CD Special Fixed-rate certificate of deposit offering 4.00% APY with $1,000 minimum to open. Auto-renews at maturity with early withdrawal penalties applicable.
• Home Equity Line of Credit (HELOC) Variable-rate revolving credit line secured by home equity with 10-year draw period and 20-year repayment period. Competitive rates starting at 6.75% APR for balances of $500,000+. $75 annual fee waived first year.
• Credit Cards Visa-branded credit cards issued through Elan Financial Services offering convenience, fraud liability protection, mobile purchasing capability, and 24/7 cardmember service for personal banking customers.
• Mortgages Residential mortgage lending through Wintrust Mortgage (division of Barrington Bank & Trust Company, N.A.) including purchase financing, refinancing options, and home equity solutions, with relationship pricing for existing customers.
• Entrepreneur Checking Small business starter checking account with no minimum monthly balance or maintenance fees, 150 free monthly transactions, and free i-BusinessBanking access. Designed for startups and small businesses.
• Business Community Checking Established business checking account with $20 monthly maintenance fee waived with $2,500 minimum balance, 250 free monthly transactions, and free multi-user i-BusinessBanking platform access.
• Have-It-All Business Checking Premium business checking account for higher-volume enterprises requiring $20,000 minimum balance to avoid $30 monthly fee and offering 400 free monthly transactions.
• MaxSafe Deposit Insurance Program Deposit insurance program extending FDIC coverage from $250,000 to $4 million per accountholder by spreading deposits across 16 Wintrust community bank charters. Available as CD or Money Market account with $1,000 minimum to open.
• Asset-Based Lending Working capital financing facilities through Wintrust Business Credit including revolving lines of credit secured by accounts receivable and inventory, plus term loans for equipment and real estate, designed for middle-market companies.
• SBA Express Loan Small Business Administration loan up to $500,000 for expansions, acquisitions, and cash flow management with expedited turnaround and revolving lines of credit available.
• SBA 7(a) Loan Small Business Administration loan up to $5 million for business expansion, company acquisitions, and debt refinancing with fees that can be financed.
• SBA 504 Loan Small Business Administration loan up to $10 million for equipment and owner-occupied real estate acquisition with down payments as low as 10% and fixed rates.
• Digital Banking Wintrust Digital Banking online and mobile platform enabling account management, Zelle peer-to-peer transfers, mobile deposit, and financial insights for personal banking customers.
• i-BusinessBanking Business online and mobile banking platform with mobile remote deposit capture, ACH origination, wire transfers, and multi-user access for small business account management.
• Cash Management Suite of business banking tools including merchant processing for card acceptance, remote deposit capture, ACH origination, wire transfers, and Positive Pay fraud prevention for business banking customers.
• Wealth Management Comprehensive wealth services through Wintrust Wealth Management including asset management, private client banking, investment and insurance options, and trust and estate services for personal banking customers.
• Money Smart Checking Credit-building entry-level checking account with $10 to open, no monthly maintenance fees, no overdraft fees, optional Dollar-A-Day Savings Service, and up to 6 free out-of-network ATM reimbursements.
• Everyday Loan Fixed-rate credit-building personal loan up to $5,000 with quick approval decisions and rates lower than most credit cards, designed for unexpected expenses and credit building for personal banking customers.

Quantifiable outcome

• FDIC coverage up to $4 million through MaxSafe program (vs standard $250,000)
• +4 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Elan Financial ServicescoreTechnology or IntegrationCredit card issuer and servicer. Elan Financial Services provides credit card processing, fraud liability protection, and cardmember services for Visa-branded credit cards issued through Wintrust Community Banks.
• Wintrust Mortgage (Barrington Bank & Trust Company, N.A.)coreTechnology or IntegrationWintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., providing residential mortgage lending services across all Wintrust Community Banks including Markham Bank & Trust. NMLS #449042.
• Wintrust Community Banks (16 Bank Charters)coreTechnology or IntegrationThe MaxSafe program spreads deposits across 16 Wintrust community bank charters to provide enhanced FDIC coverage up to $4 million per accountholder.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• First Busey Corporation: First Busey is an Illinois-headquartered community bank holding company with branches across Illinois, Indiana, Missouri, and Florida. It offers comparable deposit, lending, and wealth management services to similar consumer and business customers.
• Midland States Bancorp: Midland States Bancorp is a Midwest community bank with consumer, commercial, and specialty lending across Illinois and surrounding states. Its mix of relationship banking and asset-based lending is comparable to Markham Bank & Trust's offerings.
• Inland Bank (Inland Bancorp): Inland Bank is a Chicago-area community bank serving personal and business customers with deposit, lending, and treasury management services. Its geographic colocation and similar relationship-driven model make it a directly comparable peer.
• Standard Bank & Trust: Standard Bank & Trust is a Chicago southland community bank serving personal and small business customers in the same Illinois/Indiana corridor as Markham Bank & Trust. Its similar product offerings and target market make it a direct competitor.
• Byline Bank (Byline Bancorp): Byline Bank is a Chicago-based community bank offering personal, small business, and commercial banking across the Chicago metro. Its geographic overlap and similar community-focused deposit and lending model make it the most directly comparable peer to Markham Bank & Trust.
• Pan American Bank & Trust: Pan American Bank is a small Chicago-area community bank offering personal and business banking products. Its community focus and overlapping Illinois customer base make it a comparable peer in the same local market.

Broad incumbents

• Old National Bank (Old National Bancorp): Old National Bank is one of the largest community banks in the Midwest following its acquisition of First Midwest. It offers a broader product portfolio across multiple states, making it a broad incumbent rather than a direct peer.

Others

• Libertyville Bank & Trust (Wintrust charter): Libertyville Bank & Trust is another sibling Wintrust charter serving Chicago's northern suburbs. It shares products, technology, and resources with Markham Bank & Trust through the same parent platform.
• Hinsdale Bank & Trust (Wintrust charter): Hinsdale Bank & Trust is a sibling community bank charter under Wintrust Financial Corporation serving Chicago's western suburbs. It offers effectively the same products and is a structural twin rather than a true competitor.
• Wintrust Financial Corporation: Wintrust Financial Corporation is the publicly-traded parent company operating Markham Bank & Trust and its 15 sibling community bank charters. While not a peer in the competitive sense, it provides the operating platform, scale, and capital backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/MarkhamBank

Compliance1 record

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 Markham Bank & Trust