Joliet Bank & Trust

What Joliet Bank & Trust does

Joliet Bank & Trust is a community bank operating under the legal entity Old Plank Trail Community Bank, N.A., a wholly-owned subsidiary of Wintrust Financial Corporation (NASDAQ: WTFC). Founded in 1991 in a northern Chicago suburb, the bank provides personal, small business, and commercial banking services to consumers, entrepreneurs, and middle-market companies across the greater Chicago metropolitan area, northwestern Indiana, southern Wisconsin, west Michigan, and southwest Florida via the Wintrust network of 200+ community bank branches.

The product portfolio spans three segments. Personal banking includes tiered checking accounts (Total Access, Access Plus, Premier), a 2.00% APY Statement Savings product, a 13-month CD at 4.00% APY, Money Smart credit-building accounts with no overdraft fees, HELOCs priced at 6.75%-7.50% APR, credit cards via Elan Financial Services, and mortgages through the Wintrust Mortgage affiliate. Small business offerings include three business checking tiers (Entrepreneur, Business Community, Have-It-All), SBA lending programs (Express up to $500K, 7(a) up to $5M, 504 up to $10M), the MaxSafe program providing FDIC coverage up to $4 million per accountholder across 16 Wintrust charters, and cash management tools including i-BusinessCapturePro remote deposit and Positive Pay fraud prevention. Commercial capabilities include asset-based lending through Wintrust Business Credit (with disclosed deals ranging $35M to $205M), Capital Markets (syndications, FX, swaps, derivatives), and industry-specific lending for condo/HOAs, construction, ESOPs, franchises, government/municipal, healthcare, and professional practices.

Revenue is generated primarily through net interest income from lending (mortgages, HELOCs, commercial, SBA, asset-based), supplemented by deposit-related fees (monthly maintenance, minimum balance, transaction fees), treasury management services, credit card interchange revenue from Elan, and capital markets fee income. Distribution combines a 200+ branch physical network with the Wintrust Digital Banking mobile/online platform (Zelle-enabled), appointment scheduling, an expert-finder staff directory, and dedicated commercial banking teams. The go-to-market emphasizes relationship-based community banking with local decision-making authority, distinguishing the bank from large national competitors while leveraging parent-level scale for technology, capital markets, and specialized lending capabilities.

Name

Joliet Bank & Trust

Legal name

Old Plank Trail Community Bank, N.A.

Website

https://thejolietbank.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Joliet Bank & Trust is a community bank subsidiary of Wintrust Financial Corporation providing personal, small business, and commercial banking services — including deposit accounts, SBA and asset-based lending, treasury management, and capital markets — to consumers, SMBs, and middle-market companies across the greater Chicago region and broader Midwest.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industry

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

Keywords

• Retail banking services
• Community banking
• Commercial lending
• Small business banking
• Asset-based lending

Headquarters

HQ city

Rosamond

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest on loans including mortgages, commercial loans, HELOCs, personal loans, and business loans. Variable and fixed rate products.
2. Checking and Savings Account Fees: Monthly maintenance fees, minimum balance fees, and transaction fees across personal and business checking accounts. Fee waivers available with relationship balances.
3. Service and Transaction Fees: Wire transfer fees (domestic and international), money order fees, cashier's check fees, ATM fees, and other transaction-based charges.
4. Credit Card Interchange: Revenue share from Elan Financial Services credit card program. Cards offered include low rate, cash back, and flexible rewards options.
5. Asset-Based Lending Fees: Revolving lines of credit and term loans secured by accounts receivable, inventory, equipment, and real estate for middle-market companies.
6. Treasury Management Services: Cash management, merchant processing, ACH origination, wire transfers, and international banking services for business clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels9 records

Core offering

Joliet Bank & Trust is a community bank (legally Old Plank Trail Community Bank, N.A.) operating within the Wintrust Community Bank network. It provides personal banking (checking, savings, CDs, mortgages, HELOCs, credit cards), small business banking (checking accounts, SBA loans, cash management), and commercial banking services (asset-based lending, capital markets, treasury management) to customers across the greater Chicago area, southern Wisconsin, west Michigan, northwestern Indiana, and southwest Florida.

Product overview

Joliet Bank & Trust is a Wintrust Community Bank offering a comprehensive suite of personal, small business, and commercial banking products. The personal banking portfolio includes three-tiered checking accounts (Total Access, Access Plus, Premier Checking), Statement Savings with competitive APY rates, a 13-Month CD Special, Money Smart credit-building products, Home Equity Lines of Credit, mortgages through Wintrust Mortgage, and Personal Credit Cards via Elan Financial Services. Small business offerings feature three checking tiers (Entrepreneur, Business Community, Have-It-All), SBA lending programs (Express, 7(a), 504), MaxSafe FDIC enhancement up to $4M, cash management tools including i-BusinessCapturePro and Positive Pay fraud prevention. Commercial services include asset-based lending through Wintrust Business Credit, capital markets, syndication services, FX capabilities, and commercial real estate lending. Customer engagement programs include the Platinum Adventures Club for ages 50+ and Junior Savers Club for youth.

Differentiator

Problem solved

Functional benefit

Products and services

• Total Access Checking
• Access Plus Checking
• Premier Checking
• Statement Savings Advanced
• 13-Month CD Special
• Money Smart Checking
• Everyday Loan
• Money Smart CD Loan
• Home Equity Line of Credit (HELOC)
• Wintrust Mortgage
• Personal Credit Cards
• Entrepreneur Checking
• Business Community Checking
• Have-It-All Business Checking
• SBA Express Loan
• SBA 7(a) Loan
• SBA 504 Loan
• MaxSafe
• i-BusinessCapturePro
• Positive Pay Fraud Prevention
• Wintrust Business Credit (Asset-Based Lending)
• Capital Markets
• Wintrust Digital Banking
• Platinum Adventures Club
• Junior Savers Club

Quantifiable outcome

• No overdraft fees - transactions declined when insufficient funds rather than charged
• +3 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Elan Financial ServicescoreGTM or Marketing PartnerElan Financial Services is the creditor and issuer of Wintrust's personal and business credit cards. The partnership provides customers with Visa credit cards including low rate, cash back, and flexible rewards options. Elan handles card processing, fraud liability protection, and cardmember services while Wintrust distributes through its community bank network.
• U.S. Small Business Administration (SBA)coreGTM or Marketing PartnerWintrust is an SBA-approved lender offering SBA Express (up to $500K), SBA 7(a) (up to $5M), and SBA 504 (up to $10M) loans. The SBA partnership enables Wintrust to provide government-backed financing to small businesses for real estate, equipment, working capital, and business acquisitions.
• Wintrust Mortgage (Barrington Bank & Trust Company, N.A.)coreStrategic or Co-development PartnerWintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank. Residential lending is provided through this affiliate, enabling Joliet Bank customers to access mortgage products with relationship pricing benefits for existing Wintrust customers.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Busey Bank: Illinois-headquartered community bank serving consumer, small business, and commercial customers across Illinois, Indiana, Florida, and Missouri. Comparable as a Midwest community bank with personal banking, SBA lending, and wealth management services.
• Crystal Lake Bank & Trust: Sibling Wintrust community bank charter serving McHenry County in suburban Chicago. Comparable as another local Wintrust-affiliated community bank with the same product platform and operating model.
• Old Plank Trail Community Bank: The legal charter entity (Old Plank Trail Community Bank, N.A.) under which Joliet Bank & Trust operates — same institution, different DBA. Directly comparable as the operating bank entity.
• Byline Bank: Chicago-based community bank focused on small business and commercial lending with multiple branch locations in the same metropolitan market. Comparable in customer segments (small business, middle market) and community-banking positioning.
• Inland Bank and Trust: Suburban Chicago community bank focused on business banking, commercial lending, and personal banking services. Comparable as a smaller, locally-decisioned community bank serving the same Chicago-area small business and consumer segments.
• First Mid Bancshares (First Mid Bank): Illinois-based community banking franchise offering consumer, business, and wealth management services across central and southern Illinois. Comparable in regional community-banking model and Midwest deposit-gathering focus.

Broad incumbents

• Wintrust Financial Corporation: Direct parent company operating 15+ community bank charters with 200+ branches across Illinois, Wisconsin, Michigan, Indiana, and Florida. Most directly comparable as the parent entity that defines Joliet Bank & Trust's product set, technology platform, and risk framework.
• Old National Bank: Large Midwest community bank formed through the First Midwest merger, operating across Illinois, Indiana, Michigan, Kentucky, and Wisconsin. Comparable as a regional commercial and consumer bank competing in the same Chicago-area deposit and loan markets.

Regional players

• North Shore Community Bank (NSB): Independent community bank serving the northern Chicago suburbs and Madison, Wisconsin area. Comparable as a Midwest community bank offering consumer, small business, and commercial banking with local decision-making.

Emerging players

• Live Oak Bank: Top SBA lender in the U.S. specializing in government-guaranteed lending to small businesses across multiple verticals. Comparable as a competitor in SBA loan origination with similar focus on small business borrowers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Joliet Bank & Trust