MidAmerica National Bank
MidAmerica National Bank is a privately held, FDIC-insured community bank founded in 1933 in Canton, Illinois, offering personal banking, business banking, consumer and agricultural lending, and trust and wealth management to retail, SMB, and ag customers in its regional market.
- Company typePrivate
- Founded1933
- HeadquartersCanton, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What MidAmerica National Bank does
MidAmerica National Bank is a privately held, FDIC-insured national bank chartered in 1933 and headquartered in Canton, Illinois. It operates as a full-service community bank serving retail consumers, small-to-medium-sized businesses, agricultural borrowers, and high-net-worth individuals in a regional Illinois market. The bank employs 51-100 staff and is regulated by the Office of the Comptroller of the Currency, with deposit products backed by FDIC insurance and lending activities conducted under an Equal Housing Lender designation.
The bank's core product set spans four segments: personal banking (checking, savings, money market, CDs, IRAs, debit cards, safe deposit boxes), business banking (business checking/savings/money market, merchant services, cash management, Positive Pay), consumer and commercial lending (consumer loans, mortgages, home equity, student loans, recreational vehicle loans, credit cards), and agriculture and commercial lending (farm loans, recreational land loans, commercial credit facilities). Trust and Wealth Management is offered with 24/7 portfolio access via an Infovisa Client Portal integration. The technology platform is a standard digital banking stack with mobile banking, mobile remote deposit capture, P2P payments, mobile wallet, electronic bill pay, MyLife personal financial management, eStatements, text banking, and multi-factor authentication, supplemented by myBanker Interactive Teller Machines for extended-hours self-service. Third-party integrations include Autobooks (small-business accounting/invoicing), Infovisa (wealth-management client portal), and LenderPay (online loan servicing).
The revenue model is that of a traditional community bank, generating income from net interest margins on deposits and loans, fee income from merchant services, account services, and wealth-management fees. The go-to-market is community-focused, combining physical branches, ATMs, interactive teller machines, and phone banking with digital channels, supported by social media presence (Facebook, Twitter, LinkedIn, Instagram), a monthly eNewsletter, and community engagement programs. Pricing and interest rates are not publicly disclosed beyond availability on the website; no public revenue, net interest margin, or asset figures are disclosed in the available data.
MidAmerica National Bank firmographics
Firmographics- Name
- MidAmerica National Bank
- Legal name
- MidAmerica National Bank
- Website
- https://midnatbank.com
- Company type
- Private
- Founded year
- 1933
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MidAmerica National Bank is a privately held, FDIC-insured community bank founded in 1933 in Canton, Illinois, offering personal banking, business banking, consumer and agricultural lending, and trust and wealth management to retail, SMB, and ag customers in its regional market.
- Ownership category
- akta.pro rank
MidAmerica National Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where MidAmerica National Bank is headquartered
LocationHeadquarters
- HQ city
- Canton
- HQ country
- United States
- HQ region
- North America
Markets served
MidAmerica National Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Distribution channels4 records
Marketing channels5 records
MidAmerica National Bank product offering
Product offeringCore offering
MidAmerica National Bank is a full-service community bank offering personal and business deposit accounts (checking, savings, money market, CDs, IRAs), consumer and commercial lending products including mortgages, consumer loans, commercial loans, and agricultural loans, plus trust and wealth management services. Banking services are delivered through a regional branch network complemented by digital banking capabilities including online and mobile banking, mobile deposit, P2P payments, and merchant services for businesses.
Product overview
MidAmerica National Bank operates as a community bank offering a unified banking platform with multiple integrated product lines. The core offering includes personal and business deposit accounts (checking, savings, CDs, money market, IRAs), consumer and commercial lending products (mortgages, consumer loans, agriculture loans, commercial loans), and Trust & Wealth Management services. Digital banking capabilities form a key layer on top of core banking, providing mobile banking, mobile deposit, P2P payments, and the MyLife personal financial management tool. Business customers access specialized services including Business Cash Manager, Remote Deposit, Merchant Services, and integrations with third-party tools like Autobooks for accounting and Infovisa Client Portal for wealth management. Premium programs like M-Club provide enhanced savings options with travel rewards.
Differentiator
Problem solved
Functional benefit
Brands
- M-Club: A loyalty/membership program for personal banking customers offering exclusive benefits and travel perks.
- MyLife
- Buzzy's Best
- LenderPay
- myBanker
Products and services
- Personal Banking Individual banking services including savings accounts, checking accounts, certificates of deposit (CDs), money market accounts, individual retirement accounts (IRAs), debit cards, gift cards, safe deposit boxes, and personal switch kits for individual consumers.
- Business Banking
- Consumer & Mortgage Lending
- Commercial & Agriculture Lending
- Trust & Wealth Management
- Digital Banking
- M-Club Premium Savings Program
- Merchant Services
- Business Cash Manager
- Remote Deposit for Business
- Positive Pay
- LenderPay
- Autobooks for Small Businesses
- myBanker Interactive Teller Machines
Companies that use MidAmerica National Bank
Customer profileSegments4 records
Ideal customer profiles4 records
MidAmerica National Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
MidAmerica National Bank partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights5 records
MidAmerica National Bank competitors and assessment
Company assessmentDirect peers
- Morton Community Bank: Small Illinois community bank providing deposit accounts, lending, and treasury management to consumer and small business customers — directly comparable size and scope.
- Bank of Pontiac: Pontiac, IL-based community bank offering full-service personal/business banking and ag lending to central Illinois — directly comparable small-town community bank franchise.
- Busey Bank: Illinois-headquartered full-service community bank offering similar personal/business banking, ag lending, mortgages, and wealth management across IL, MO, IN, FL and beyond — directly comparable midwest community bank franchise.
- INB, N.A. Springfield, IL-based nationally chartered community bank with comparable personal/business banking, mortgage, and wealth management offerings — highly comparable in regulatory structure and mid-size Illinois footprint.
- State Bank of Lincoln: Lincoln, IL-based community bank with deposit and lending services targeting central Illinois consumers and small businesses — directly comparable small Illinois community banking franchise.
- Hickory Point Bank and Trust: Decatur, IL-based community bank providing personal/business banking, mortgage, and wealth services to central Illinois consumers and SMBs — comparable scope and geography.
- Heartland Bank and Trust Company: Bloomington, IL-based community bank with similar mix of personal/commercial banking, ag lending (Heartland Ag Solutions), and wealth services — direct geographic and product-line competitor.
- Prairie State Bank & Trust: Springfield-area community bank providing personal/business banking, mortgages, and ag lending to central Illinois — comparable mid-size community bank profile with ag exposure overlap.
- Midland States Bancorp: Effingham, IL-based regional banking franchise providing commercial, retail, and ag lending with wealth management — comparable diversified community/regional bank with ag lending overlap.
Broad incumbents
- Old National Bank: Large Midwest regional bank with broad personal/business banking, mortgage, wealth, and commercial services across IL, IN, MI, KY, MN and WI — larger incumbent that has actively consolidated Illinois community banks like MNB.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
MidAmerica National Bank social profiles
Digital presenceMidAmerica National Bank compliance and trust
Trust signalCompliance2 records
MidAmerica National Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
MidAmerica National Bank leadership team
Management profileNumber of profiles
MidAmerica National Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MidAmerica National 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 MidAmerica National Bank
What does MidAmerica National Bank do?
MidAmerica National Bank is a full-service community bank offering personal and business deposit accounts (checking, savings, money market, CDs, IRAs), consumer and commercial lending products including mortgages, consumer loans, commercial loans, and agricultural loans, plus trust and wealth management services. Banking services are delivered through a regional branch network complemented by digital banking capabilities including online and mobile banking, mobile deposit, P2P payments, and merchant services for businesses.
Is MidAmerica National Bank a public or private company?
MidAmerica National Bank is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MidAmerica National Bank founded?
MidAmerica National Bank was founded in 1933. It employs 51 to 100 people.
Where is MidAmerica National Bank based?
MidAmerica National Bank is headquartered in Canton, United States, in the North America region.
Who are MidAmerica National Bank's main competitors?
Direct peers on record are Morton Community Bank, Bank of Pontiac, Busey Bank, INB, N.A., State Bank of Lincoln, Hickory Point Bank and Trust, Heartland Bank and Trust Company, Prairie State Bank & Trust and Midland States Bancorp. Old National Bank is listed as a broad incumbent.
Does MidAmerica National Bank have an API?
No public API is recorded for MidAmerica National Bank.
What industry is MidAmerica National Bank in?
MidAmerica National Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6021.