Community Bank of Elmhurst
Community Bank of Elmhurst is an independently owned, FDIC-insured community bank operating two Elmhurst, Illinois branches that delivers personal and small-business banking — checking, savings, loans, cash management, Zelle, eStatements — alongside exclusive co-working amenities and civic content programs.
- Company typePrivate
- Founded1993
- HeadquartersElmhurst, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Community Bank of Elmhurst does
Community Bank of Elmhurst (CBE) is an independently owned, state-chartered community bank operating from two full-service branches in Elmhurst, Illinois (330 W. Butterfield Road and 133 N. York Road, City Centre), serving individual consumers and small-to-medium businesses in DuPage County since its founding on May 24, 1993. The bank is FDIC-insured and designated an Equal Housing Lender, with regulatory oversight including a Community Reinvestment Act (CRA) performance evaluation by the Illinois Department of Financial and Professional Regulation. Ownership remains private and concentrated among shareholders who meet annually, with the Hammersmith family represented on the Board (Chairman George F. Hammersmith, Jr., son of founder George F. Hammersmith, Sr.) and Richard W. Reichert serving as President & CEO.
The bank's product set is that of a traditional spread-and-fee community bank: personal banking (interest-bearing checking, savings, money market, CDs, personal loans, home equity loans), business banking (commercial checking with earnings credit, business loans, cash management), digital rails (online and mobile banking, eStatements retained for 24 months, Zelle and Zelle for Small Business), and physical-channel differentiators — most notably the CBE Business Zone co-working space for business customers at the main branch and a reservable video-equipped conference room at the City Centre branch, plus the George F. Hammersmith Sr. Community Room for civic use. Technology is conventional third-party vendor infrastructure rather than proprietary AI or platform plays; core innovations are experiential (workspace amenities, civic content) rather than software.
Revenue mechanics are the classic community-bank model: net interest margin on the loan book (commercial, consumer, home equity) plus transactional fees (service charges, overdrafts, wires) and ancillary fee income from cash management and Zelle services. The bank's go-to-market is community-led relationship banking — direct in-person service at branches, embedded civic content (blog and YouTube channel 'Elmhurst Our Community' hosted by SVP Ken Bartels), and civic programs such as Respect Elmhurst and Elmhurst Lifelong Learning Summer Institute sponsorship. The loan-to-deposit ratio rose from 52.32% in Q4 2021 to 68.34% in Q4 2024, signaling meaningful lending growth within a stable two-branch footprint.
Community Bank of Elmhurst firmographics
Firmographics- Name
- Community Bank of Elmhurst
- Legal name
- Community Bank of Elmhurst
- Website
- https://communityelmhurst.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Community Bank of Elmhurst is an independently owned, FDIC-insured community bank operating two Elmhurst, Illinois branches that delivers personal and small-business banking — checking, savings, loans, cash management, Zelle, eStatements — alongside exclusive co-working amenities and civic content programs.
- Ownership category
- akta.pro rank
Community Bank of Elmhurst industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
Keywords
Where Community Bank of Elmhurst is headquartered
LocationHeadquarters
- HQ city
- Elmhurst
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Community Bank of Elmhurst business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Primary revenue stream from interest earned on loans including personal loans, home equity loans, commercial loans, and certificates of deposit. The bank operates as a traditional community bank generating income from the spread between interest earned on loans and interest paid on deposits.
- Fee-Based Services: Revenue from various banking fees including service charges, overdraft fees, wire transfer fees, and other account-related charges. The bank offers Zelle for person-to-person payments and cash management services for business customers.
- Electronic Banking Services: Revenue generated from online and mobile banking platforms, bill payment services, and electronic delivery of statements. While e-statements are free, other digital services may generate fee income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal Banking Products |
| Subscription | Monthly | Business Banking Products |
| Freemium | Monthly | e-Statements |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
Community Bank of Elmhurst product offering
Product offeringCore offering
Community Bank of Elmhurst is a privately-held community bank providing traditional personal and business banking services. Core offerings include checking, savings, money market, NOW accounts, and certificates of deposit for individuals, as well as commercial lending, business checking with earnings credit, and cash management services for small businesses. The bank supplements these core banking services with online and mobile banking, electronic statements, Zelle person-to-person payments, and exclusive co-working amenities (CBE Business Zone) for business customers at its two Elmhurst, Illinois branches.
Product overview
Community Bank of Elmhurst operates as a traditional community bank offering a portfolio of personal and business banking products. The core offerings include Personal Banking (checking, savings, personal loans, home equity loans) and Business Banking (commercial lending, business checking, business development). Digital services include eStatements for electronic statement delivery and Zelle for person-to-person payments. The bank also provides exclusive co-working amenities for business customers through the CBE Business Zone at its Butterfield Road location and reservable conference space at the City Centre Branch, differentiating it as a community-focused bank with physical workspace services.
Differentiator
Problem solved
Functional benefit
Brands
- CBE Business Zone: Exclusive co-working space and business services for CBE business customers, featuring office equipment, WiFi, and meeting space at both branch locations.
- Elmhurst Our Community
Products and services
- Personal Banking Traditional personal banking services including checking accounts, savings accounts, money market accounts, NOW accounts, certificates of deposit, personal loans, and home equity loans offered to individual consumers.
- Business Banking Commercial and business banking services including business checking with earnings credit, commercial lending, cash management services, and business development support for business customers.
- eStatements Electronic statement delivery service allowing customers to view, print, and archive bank statements online through Internet Banking, replacing paper statements.
- Zelle Person-to-person payment service enabling customers to send money directly between bank accounts.
- Zelle for Small Business Person-to-person payment service tailored for small business customers to receive payments from customers.
- CBE Business Zone Exclusive co-working space and business services at the bank's branches for business customers, featuring WiFi, office equipment, and free coffee. Available Monday-Thursday 9am-4pm and Friday 9am-noon.
- CBE Business Zone Conference Room Reservable private meeting space at the 133 N. York City Centre Branch for business customers, fully equipped for digital video presentation for up to 10 attendees.
Quantifiable outcome
- Loan-to-deposit ratio improvement from 52.32% (2021 Q4) to 68.34% (2024 Q4)
- +1 more outcomes
Companies that use Community Bank of Elmhurst
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Community Bank of Elmhurst technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Community Bank of Elmhurst partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- City of ElmhurstcoreThe bank is an integral part of the Elmhurst community, participating in municipal events, supporting local public art (sponsoring Umbrella Sky Project Schiller Court location), and engaging in economic development initiatives. The bank's 'Elmhurst Our Community' YouTube program features City of Elmhurst officials.
- Elmhurst History MuseumminorCo-sponsor of community events and programs at the Elmhurst History Museum, including beer fest events and other cultural programming.
- FDIC (Federal Deposit Insurance Corporation)coreThe bank is FDIC insured (Member FDIC designation) providing deposit insurance protection to customers. This is a regulatory partnership that enables the bank to operate and provides consumer confidence.
- Zelle NetworkcoreThe bank offers Zelle person-to-person payment services enabling customers to send money quickly to friends and family. Also offers Zelle for Small Business for commercial customers.
Scale indicators4 records
Recent moves11 records
Expansion highlights4 records
Community Bank of Elmhurst competitors and assessment
Company assessmentDirect peers
- Busey Bank: Illinois-based community bank with a personal/business banking model emphasizing local relationships and commercial lending, serving suburban Chicago and downstate Illinois—comparable in customer segments and product mix to CBE.
- Marquette Bank: Chicago-south-suburb community bank offering personal, business, and mortgage products with a strong community-engagement model—comparable to CBE in scale, customer base, and community-bank positioning.
- Wintrust Community Banks (Hinsdale Bank & Trust, Schaumburg Bank & Trust): Wintrust operates a network of community-chartered banks across suburban Chicago including DuPage County, offering personal/business banking, lending, and local decision-making—directly comparable to CBE's model in overlapping geographies like Hinsdale and Schaumburg.
- Inland Bank and Trust: Suburban Chicago community bank offering personal, business, and mortgage banking with an emphasis on local relationship management—directly comparable to CBE in geography, scale, and product set.
- Barrington Bank & Trust (Wintrust subsidiary): Northwest-suburban Chicago community bank with personal/business banking and commercial lending in the same metro footprint as CBE, sharing the small-scale, relationship-banking model.
- First American Bank: Illinois-based community bank with branches throughout DuPage County and the Chicago suburbs, providing personal/business banking and commercial lending under a similar community-bank value proposition to CBE.
- Libertyville Bank & Trust (Wintrust subsidiary): Community-chartered bank in the northern Chicago suburbs with personal/business banking and commercial lending; shares CBE's small-scale, locally-focused relationship-banking profile within the broader Chicago metro.
- Byline Bank: Chicago-headquartered community bank focused on small business lending and relationship banking across the Chicago metro, including DuPage County—closely aligned with CBE's SMB and personal banking model.
Broad incumbents
- Old Second National Bank: Illinois-headquartered publicly traded community bank with full-service personal, business, and treasury banking across multiple Chicago-area counties—a larger incumbent that competes for the same SMB and consumer segments as CBE.
- BMO Harris Bank (suburban Chicago branches): Large regional bank with extensive DuPage County branch presence offering deposit, lending, treasury, and digital products—competes head-to-head with CBE for personal and small business customers in the same local market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Community Bank of Elmhurst social profiles
Digital presenceCommunity Bank of Elmhurst compliance and trust
Trust signalCompliance2 records
Community Bank of Elmhurst financial estimates
Financial estimateRevenue estimate
Valuation estimate
Community Bank of Elmhurst leadership team
Management profileNumber of profiles
Profiles13 records
Community Bank of Elmhurst funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Community Bank of Elmhurst M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Community Bank of Elmhurst
What does Community Bank of Elmhurst do?
Community Bank of Elmhurst is a privately-held community bank providing traditional personal and business banking services. Core offerings include checking, savings, money market, NOW accounts, and certificates of deposit for individuals, as well as commercial lending, business checking with earnings credit, and cash management services for small businesses. The bank supplements these core banking services with online and mobile banking, electronic statements, Zelle person-to-person payments, and exclusive co-working amenities (CBE Business Zone) for business customers at its two Elmhurst, Illinois branches.
Is Community Bank of Elmhurst a public or private company?
Community Bank of Elmhurst is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Community Bank of Elmhurst founded?
Community Bank of Elmhurst was founded in 1993. It employs 11 to 50 people.
Where is Community Bank of Elmhurst based?
Community Bank of Elmhurst is headquartered in Elmhurst, United States, in the North America region.
How does Community Bank of Elmhurst make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are fee-Based Services and electronic Banking Services.
Who are Community Bank of Elmhurst's main competitors?
Direct peers on record are Busey Bank, Marquette Bank, Wintrust Community Banks (Hinsdale Bank & Trust, Schaumburg Bank & Trust), Inland Bank and Trust, Barrington Bank & Trust (Wintrust subsidiary), First American Bank, Libertyville Bank & Trust (Wintrust subsidiary) and Byline Bank. Broad incumbents are Old Second National Bank and BMO Harris Bank (suburban Chicago branches).
Does Community Bank of Elmhurst have an API?
No public API is recorded for Community Bank of Elmhurst.
What industry is Community Bank of Elmhurst in?
Community Bank of Elmhurst's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 522110 and its SIC code is 6022.