Vernon Hills Bank and Trust

What Vernon Hills Bank and Trust does

Vernon Hills Bank & Trust is a privately-held community bank charter operating under the Wintrust Financial Corporation (NASDAQ: WTFC) umbrella. The bank serves personal, small business, and middle-market commercial customers in the northern Chicago suburbs — including Vernon Hills, Libertyville, Mundelein, Wauconda, Gurnee, Arlington Heights, and Lake Forest — as one of 16 community bank charters that together operate 200+ locations across Illinois, southern Wisconsin, west Michigan, northwestern Indiana, and southwest Florida. The bank offers a full-service product portfolio: consumer checking tiers (Total Access, Access Plus, Premier), high-yield savings (Statement Savings Advanced up to 2.00% APY), 13-month CDs, HELOCs, Money Smart credit-building accounts, Everyday Loans, mortgages via Wintrust Mortgage, SBA Preferred Lender loans up to $10 million, asset-based lending up to $205 million per deal, treasury management, and wealth management. Technology is delivered through the Wintrust Digital Banking platform with a mobile app on iOS and Android, Zelle P2P payments, Telebank 24/7 telephone banking, i-BusinessBanking for commercial users, i-BusinessCapturePro remote deposit, and Positive Pay fraud protection (Trusteer-partnered).

The bank's business model is a standard community banking revenue stack: net interest income on loans (mortgages, commercial, consumer, HELOCs) net of deposit interest, plus deposit account fees, credit card interchange (Elan Financial Services issuance), loan origination fees, treasury management fees, wealth management fees, and mortgage banking fees. GTM is relationship-led with designated business bankers, local decision-making, online appointment scheduling, and the Find an Expert tool, complemented by community events and financial education content. The MaxSafe program — FDIC coverage up to $4 million per accountholder spread across the 16 charters — is a distinctive deposit-gathering mechanism that supports high-net-worth deposit acquisition.

Vernon Hills Bank & Trust is a subsidiary of Wintrust Financial Corporation, founded in 1991. The bank's strategic focus is on full-service community banking for the Chicago metro and adjacent markets, with explicit segmentation across personal banking, small business, commercial/middle market, industry-specific verticals (HOAs, construction, ESOPs, franchise, municipal, healthcare, professional practices), and lifecycle segments (Platinum Adventures for 50+ customers, Junior Savers for youth). Recent product launches (Money Smart suite, Everyday Loan in 2025) signal intent to broaden the consumer base into credit-building and small-dollar lending. No revenue is disclosed at the charter level; consolidated financials sit with the public parent.

Name

Vernon Hills Bank and Trust

Legal name

Vernon Hills Bank & Trust

Website

https://vernonhillsbank.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Vernon Hills Bank & Trust is a privately-held community bank charter within Wintrust Financial Corporation (NASDAQ: WTFC), serving personal, small business, and middle-market commercial customers across the northern Chicago suburbs through deposit, lending, wealth, and digital banking products.

Ownership category

akta.pro rank

Headquarters

HQ city

Vernon Hills

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Net Interest Income: Revenue from interest earned on loans (mortgages, commercial loans, consumer loans, HELOCs) minus interest paid on deposits. Core banking revenue stream from lending activities.
2. Deposit Account Fees: Monthly maintenance fees, ATM fees, wire transfer fees, overdraft fees, and other account-related service charges.
3. Credit Card Interchange: Revenue from credit card transactions through partnership with Elan Financial Services.
4. Loan Origination Fees: Fees from originating SBA loans, commercial real estate loans, and other lending products.
5. Treasury Management Fees: Fees for cash management, ACH processing, wire transfers, and other commercial banking services.
6. Wealth Management: Revenue from asset management, investment services, and trust services through Wintrust Wealth Management.
7. Mortgage Banking: Revenue from mortgage originations through Wintrust Mortgage, a division of Barrington Bank & Trust Company.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Vernon Hills Bank & Trust is a Wintrust community bank charter providing full-service retail and commercial banking. It offers deposit products (checking, savings, CDs), lending products (personal loans, mortgages, HELOCs, SBA loans, commercial and asset-based lending), wealth management, treasury management, and digital banking services across a 200+ location network. The bank emphasizes community-based, relationship-driven banking as an alternative to large national banks.

Product overview

Vernon Hills Bank and Trust is a Wintrust Community Bank offering a comprehensive, multi-channel banking platform serving personal, small business, and commercial customers. The product portfolio operates as a unified banking ecosystem spanning deposit products (checking, savings, CDs), lending (personal loans, mortgages, HELOCs, SBA loans, commercial lending), wealth management, and digital banking services. Key products include three consumer checking tiers (Total Access, Access Plus, Premier), Statement Savings Advanced with up to 2.00% APY, Money Smart credit-building accounts, MaxSafe enhanced FDIC coverage up to $4M, SBA lending programs (Express, 7(a), 504), Wintrust Mortgage, and Wintrust Wealth Management. Loyalty programs include Platinum Adventures Club for 50+ customers and Junior Savers Club for youth. Digital banking is delivered through online and mobile platforms with Zelle® integration, mobile deposit, and i-BusinessBanking for business customers. The bank operates 200+ locations as part of the Wintrust Financial Corporation family, founded in 1991.

Differentiator

Problem solved

Functional benefit

Brands

• Wintrust Mortgage: Mortgage lending division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank
• Platinum Adventures Club
• Junior Savers Club
• Money Smart Checking
• MaxSafe
• Wintrust Digital Banking

Quantifiable outcome

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

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• TrusteercoreTechnology or IntegrationPartnership with Trusteer for free fraud protection software to protect business customers against malware infections and phishing attacks. Provides security layer for business banking customers.
• Elan Financial ServicescoreTechnology or IntegrationCredit card issuance partnership where Elan Financial Services is the creditor and issuer of Visa credit cards under a license agreement. Cards offered include personal and business credit cards with various reward programs.
• FDIC (Federal Deposit Insurance Corporation)coreOthersStandard federal deposit insurance up to $250,000 per depositor. MaxSafe program extends this coverage to $4 million per accountholder by spreading deposits across multiple bank charters.
• Allpoint, MoneyPass, SUM NetworksminorOthersATM network partnerships providing surcharge-free ATM access for Wintrust customers at participating locations nationwide. No Wintrust transaction charge at ATMs in these networks.
• U.S. Small Business Administration (SBA)coreOthersSBA Preferred Lender offering SBA Express Loans up to $500,000, SBA 7(a) Loans up to $5 million, and SBA 504 Loans up to $10 million for small business financing.
• 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. Provides residential mortgage lending with relationship pricing for Wintrust Community Bank customers.
• Wintrust Wealth ManagementcoreStrategic or Co-development PartnerAffiliated wealth management division providing asset management, private banking, investments, insurance, and trust & estate services. Offers relationship pricing on mortgages for wealth management clients.
• Wintrust Business Credit / Wintrust Receivables FinancecoreStrategic or Co-development PartnerSpecialized asset-based lending division providing creative and competitive revolving lines of credit on accounts receivable and inventory, plus term loans secured by equipment and real estate.
• Honor Flight ChicagominorOthersCommunity partnership where Platinum Adventures Club members write letters to military veterans participating in Honor Flight Chicago trips. Veterans receive letters during mail call on their journey home.
• NachaminorOthersACH Network governing body. Wintrust helps customers prepare for Nacha ACH rule changes and provides resources on Same Day ACH, fraud monitoring, and company entry description standards.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Horizon Bank: Northwest Indiana and Michigan community bank with personal, business, and commercial lending products; overlaps with Vernon Hills' Wintrust network in northwestern Indiana and west Michigan markets.
• Libertyville Bank & Trust: Sister community-bank charter under Wintrust Financial Corporation, serving the Libertyville market with the same Wintrust community-bank model, deposit products, and business banking services as Vernon Hills Bank & Trust.
• Barrington Bank & Trust: Wintrust sister charter housing Wintrust Mortgage; offers the same Wintrust community-bank deposit and lending products and competes with Vernon Hills Bank & Trust in the Chicago northern-suburban corridor.
• Old National Bank: Midwest regional community bank (post-First Midwest merger) with a comparable mix of personal, small business, and commercial banking plus wealth management; competes with Vernon Hills in the greater Chicago and Midwest geographies.
• Inland Bank and Trust: Chicago-area community bank offering personal, business, and wealth management services; directly comparable to Vernon Hills Bank & Trust in product mix and target customer segments within the Chicago metro.
• Byline Bank: Chicago-based community bank focused on small business and middle-market commercial lending; competes directly with Vernon Hills Bank & Trust for SMB deposit, SBA lending, and commercial relationships in the Chicago metro.
• First Bank of Highland Park: Chicago north-shore community bank offering personal, small business, and mortgage products; directly competes with Vernon Hills Bank & Trust for affluent suburban households in Lake County, Illinois.

Broad incumbents

• Fifth Third Bank: Large Midwest regional bank offering consumer, commercial, treasury management, and wealth services; a broad incumbent overlapping with Vernon Hills Bank & Trust across the Chicago and Midwest geographies.
• BMO Harris Bank: Major Midwest regional bank with deep Chicago presence across consumer, small business, commercial, and wealth segments; broader incumbent competing with Vernon Hills for deposits, mortgages, and commercial relationships in the Chicago metro.

Others

• Wintrust Wealth Management: Affiliated wealth management division providing asset management, private banking, investments, and trust & estate services to Vernon Hills Bank & Trust customers; not a direct competitor but an ecosystem partner that captures the wealth-adjacent revenue from the same customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/VernonHillsBank
• LinkedInlinkedin.com/company/vernon-hills-bank

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

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 Vernon Hills Bank and Trust