Lincoln Way Community Bank
Lincoln Way Community Bank is a privately held community bank headquartered in New Lenox, Illinois, offering residential mortgages, commercial loans, and core retail and business banking products to individuals and small-to-medium businesses in its local market.
- Company typePrivate
- Founded2005
- HeadquartersNew Lenox, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Lincoln Way Community Bank does
Lincoln Way Community Bank is a privately held, for-profit community bank headquartered in New Lenox, Illinois, founded in 2005 with a headcount in the 11-50 range. The institution focuses on a traditional retail and commercial banking franchise, offering residential mortgages, commercial loans, and core banking products including checking, savings, vehicle loans, personal loans, and credit cards. Its stated purpose centers on serving individuals and small-to-medium business customers in its local market.
The bank's product architecture is built around standard consumer and commercial banking services. Digital banking capabilities include mobile and online account access, card management with transaction controls and fraud protection features, and online loan application and account opening portals. The distribution model relies on physical branch presence in the local geography paired with a digital self-service layer, and the firm positions itself on community relationships and personalized service rather than technology-led differentiation. Pricing is not publicly disclosed; the bank competes on deposit rates and loan pricing through private rate sheets accessible to applicants and members.
The revenue model is conventional community-bank economics: net interest income from residential mortgages and commercial loans, deposit-gathering through checking and savings products, and fee income from credit cards and ancillary services. The business serves two primary segments—individual retail banking customers and small-to-medium business banking customers—and emphasizes accessibility to customers across wealth levels, suggesting a broad retail funnel rather than a concentrated high-net-worth or institutional book. No AI/ML, alternative data, or fintech-style product overlays are described in the available data, and no M&A, funding, or strategic transactions specific to Lincoln Way Community Bank are disclosed.
Lincoln Way Community Bank firmographics
Firmographics- Name
- Lincoln Way Community Bank
- Legal name
- CoVantage Credit Union
- Website
- https://lwcbank.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lincoln Way Community Bank is a privately held community bank headquartered in New Lenox, Illinois, offering residential mortgages, commercial loans, and core retail and business banking products to individuals and small-to-medium businesses in its local market.
- Ownership category
- akta.pro rank
Lincoln Way Community Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Credit Unions (52213)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)
Keywords
Where Lincoln Way Community Bank is headquartered
LocationHeadquarters
- HQ city
- New Lenox
- HQ country
- United States
- HQ region
- North America
Markets served
Lincoln Way Community Bank business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Distribution channels3 records
Marketing channels5 records
Lincoln Way Community Bank product offering
Product offeringCore offering
Lincoln Way Community Bank is a community bank offering a complete range of residential mortgages, commercial loans, and general banking services. The bank primarily serves individual consumers and small businesses in the New Lenox, Illinois area with deposit accounts, consumer lending, residential mortgages, and commercial loan products. It operates with a community-focused service model emphasizing local decision-making and personalized customer relationships.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Mortgages
- Commercial Loans
- Banking Services
Companies that use Lincoln Way Community Bank
Customer profileSegments2 records
Ideal customer profiles2 records
Lincoln Way Community Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lincoln Way Community Bank partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights3 records
Lincoln Way Community Bank competitors and assessment
Company assessmentBroad incumbents
- First Midwest Bank (now Old National): First Midwest (now part of Old National Bank) is a large Midwest regional bank with deep Illinois presence, including Chicago suburbs. Comparable product set and geography to Lincoln Way, but at much larger scale and broader institutional reach.
- Busey Bank: Busey Bank is a Midwest regional bank with a strong commercial banking and treasury management franchise across Illinois. Overlaps with Lincoln Way's commercial lending focus but operates at a larger, multi-state scale.
- Wintrust Community Banks (umbrella): Wintrust operates a network of community banks across Chicago, including Old Plank Trail, Libertyville, Schaumburg, and others. The Wintrust model of acquiring and operating local community charters is the canonical scale competitor for a sub-$1B community bank like Lincoln Way.
Direct peers
- Bridgeview Bank Group: Bridgeview Bank Group is a Chicago-area community bank offering personal, business, and mortgage banking across multiple suburban branches. Highly comparable in scale, geography, and full-service community-bank product set.
- Standard Bank and Trust Company: Standard Bank and Trust is an Illinois-based community bank offering personal, mortgage, and commercial banking across the south/southwest suburbs. Closely comparable to Lincoln Way in geographic focus and full-service community banking model.
- Marquette Bank: Marquette Bank is a Chicago-south-suburb community bank providing personal, mortgage, and small-business banking. Comparable to Lincoln Way in customer mix (local retail and SMB) and geographic overlap (south/southwest suburbs).
- Old Plank Trail Community Bank: Old Plank Trail Community Bank is a Wintrust Financial community bank serving the south/southwest Chicago suburbs. Directly comparable to Lincoln Way in geography (New Lenox area), product mix (residential mortgages, commercial loans, deposits), and community-bank positioning.
- Consumers Cooperative Credit Union: Consumers Cooperative Credit Union is a member-owned Illinois credit union offering personal, mortgage, and business banking across the Chicago suburbs. Comparable to Lincoln Way in member-owned community positioning and product mix, with overlap in the south-suburban footprint.
- CoVantage Credit Union: CoVantage Credit Union is a member-owned cooperative with branches across northern Wisconsin, Upper Michigan, and northern Illinois (including a New Lenox branch). Comparable to Lincoln Way in community-based positioning, mortgage and commercial lending, and the 'welcome all' mission statement referenced in the dataset.
- First National Bank of Illinois (FNB Illinois): First National Bank of Illinois is a small community bank serving the Chicago metro area, including the south suburbs. Comparable in size, product set, and the local-community-bank positioning Lincoln Way employs.
Market position
Weaknesses3 records
Competitive moat3 records
Key risks3 records
Key highlights5 records
Customer concentration
Lincoln Way Community Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lincoln Way Community Bank leadership team
Management profileNumber of profiles
Lincoln Way Community Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Lincoln Way Community Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lincoln Way Community Bank 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 Lincoln Way Community Bank
What does Lincoln Way Community Bank do?
Lincoln Way Community Bank is a community bank offering a complete range of residential mortgages, commercial loans, and general banking services. The bank primarily serves individual consumers and small businesses in the New Lenox, Illinois area with deposit accounts, consumer lending, residential mortgages, and commercial loan products. It operates with a community-focused service model emphasizing local decision-making and personalized customer relationships.
Is Lincoln Way Community Bank a public or private company?
Lincoln Way Community Bank is a private company. It is classified as unknown and is currently operating.
When was Lincoln Way Community Bank founded?
Lincoln Way Community Bank was founded in 2005. It employs 11 to 50 people.
Where is Lincoln Way Community Bank based?
Lincoln Way Community Bank is headquartered in New Lenox, United States, in the North America region.
Who are Lincoln Way Community Bank's main competitors?
Broad incumbents on record are First Midwest Bank (now Old National), Busey Bank and Wintrust Community Banks (umbrella). Direct peers are Bridgeview Bank Group, Standard Bank and Trust Company, Marquette Bank, Old Plank Trail Community Bank, Consumers Cooperative Credit Union, CoVantage Credit Union and First National Bank of Illinois (FNB Illinois).
Does Lincoln Way Community Bank have an API?
No public API is recorded for Lincoln Way Community Bank.
What industry is Lincoln Way Community Bank in?
Lincoln Way Community Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAEAF, Cooperative Banks (Member-Owned Commercial/Retail). Its NAICS code is 52213 and its SIC code is 6022.