Name

McHenry Bank & Trust

Legal name

Crystal Lake Bank & Trust Company, N.A.

Website

https://mchenrybank.com

Company type

Private

Founded year

1991

Operating status

Operating

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

akta.pro secondary industries

Bank-Affiliated Retail Wealth Management (FSAAAAAB), Escrow, Trust & Agency Services (escrow, paying agent, trustee) (FSABAIAI)

Keywords

• Community banking services
• Small business lending
• Commercial lending
• Wealth management
• Mortgage lending

Headquarters

HQ city

Illinois City

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including mortgages, HELOCs, commercial loans, SBA loans, and consumer loans. Variable rate products tied to WSJ Prime Rate.
2. Deposit Account Fees: Monthly maintenance fees on checking and savings accounts, ATM fees, wire transfer fees, overdraft fees (declined transactions), and account service fees
3. Credit Card Fees: Revenue from credit card transactions, annual fees, and interchange fees through Elan Financial Services partnership
4. SBA Loan Fees: Packaging fees for SBA loans ($2,500 for SBA 7(a)), origination fees, and interest income on SBAExpress, SBA 7(a), and SBA 504 loans up to $10M
5. Treasury Management Services: Fees for cash management, merchant processing, Positive Pay fraud prevention, ACH services, and wire transfers for business customers

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

McHenry Bank & Trust is a Wintrust Community Bank providing full-service retail, small business, and commercial banking from branches in McHenry, Crystal Lake, Cary, and Algonquin, Illinois. Core offerings include personal checking and savings accounts, mortgages, HELOCs, credit cards, and wealth management, as well as business checking, SBA lending up to $10 million, treasury management, and commercial financing such as asset-based lending and capital markets services.

Product overview

McHenry Bank & Trust operates as a Wintrust Community Bank offering a unified banking platform across personal, small business, and commercial segments. The core banking products include checking accounts (Total Access Checking, Access Plus Checking, Premier Checking), savings vehicles (Statement Savings Advanced, CDs), and lending products (HELOC, Mortgages, SBA Loans, Everyday Loans). Digital banking is delivered through Wintrust Digital Banking (online/mobile) with i-BusinessBanking for commercial customers. Small business services include Entrepreneur Checking, Have-It-All Business Checking, MaxSafe deposit insurance, SBA lending (Express, 7(a), 504), and Treasury Management. Commercial services span Asset Based Lending, Capital Markets, Commercial Lending, and industry-specific financing. Loyalty programs include Platinum Adventures Club (50+ customers) and Junior Savers Club/Teen Banking Club for youth. Wealth management and mortgage services are provided through affiliated Wintrust divisions.

Differentiator

Problem solved

Functional benefit

Brands

• Wintrust Mortgage: A division of Barrington Bank & Trust Company, N.A., providing residential mortgage lending services.

Products and services

• Total Access Checking Basic personal checking account with $100 to open, no monthly maintenance fee, Early Pay feature for direct deposits up to two business days early, and free ATM access through Allpoint, MoneyPass, and SUM networks.
• Access Plus Checking Interest-bearing personal checking account with variable monthly interest, $10 monthly fee waived with $2,500 average daily balance or $25,000 combined relationship balance, free checks, waived safe deposit box fee, and free incoming wires.
• Premier Checking Premium personal checking with tiered variable interest, 0.15% rate bonus on Statement Savings Advanced, $25 monthly fee waived with $10,000 average daily balance or $75,000 combined relationship balance, waived safe deposit box fee, and up to 5 outgoing wire reimbursements.
• Statement Savings Advanced Variable-rate personal savings account with no minimum to open, 2.00% APY available with qualifying activities, and $5 monthly maintenance fee waived with $200 daily minimum balance.
• 13-Month CD Special 13-month certificate of deposit with 4.00% APY as of 6/10/26, $1,000 minimum to open, and automatic renewal at maturity to standard rate.
• Home Equity Line of Credit (HELOC) Variable-rate revolving credit line secured by home equity with 10-year draw period and 20-year repayment period. Rates as of 12/15/25 range from 6.75% APR for lines of $500,000+ to 7.50% APR for $10,000-$99,999, with a $75 annual fee waived in the first year.
• Money Smart Checking Entry-level personal checking for credit building with $10 to open, no minimum balance or monthly maintenance fees, no overdraft fees, and optional Dollar-A-Day Savings Service.
• Money Smart Savings Interest-bearing savings account paired with Money Smart Checking for credit-building customers.
• Everyday Loan Fixed-rate personal loan up to $5,000 with quick approval; rate based on WSJ Prime plus 5% margin.
• Money Smart CD Loan Loan paired with a certificate of deposit where borrowed funds open a CD; the borrower makes fixed monthly payments and receives the CD with earned interest upon payoff.
• Wintrust Mortgage Residential mortgage lending division offering purchase, refinance, and equity funding solutions with relationship pricing for existing customers, operated by Barrington Bank & Trust Company, N.A. (NMLS #449042).
• Personal Credit Cards Visa credit cards issued through Elan Financial Services providing convenience purchasing power, zero fraud liability, and 24/7 cardmember service.
• Wintrust Digital Banking Online and mobile banking platform providing account management, Zelle peer-to-peer payments, mobile deposit capture, and financial insights through iOS and Android apps.
• Entrepreneur Checking Small business checking for startups and entrepreneurs with 150 free monthly transactions, no monthly fee if under 75 transactions, free i-BusinessBanking profile, and designated business banker support.
• Business Community Checking Mid-tier business checking account with 250 free monthly transactions, no monthly maintenance fee with $2,500 minimum average collected balance, and unlimited non-token i-BusinessBanking users.
• Have-It-All Business Checking Premium business checking with 400 free monthly transactions, $20,000 minimum average collected balance requirement, and $30 monthly maintenance fee if balance not maintained.
• MaxSafe Deposit insurance enhancement program extending FDIC coverage from $250,000 to $4 million per accountholder by spreading deposits across 16 Wintrust community bank charters; CD minimum $1,000 and Money Market minimum $1,000 to open.
• Treasury Management Cash management services for business and commercial customers including merchant processing, ACH origination, wire transfers, and fraud prevention tools (Positive Pay, Reverse Positive Pay, ACH Positive Pay).
• SBA Express Loan Small Business Administration Express loan up to $500,000 for expansions, acquisitions, and cash flow management with expedited turnaround and revolving lines of credit.
• SBA 7(a) Loan SBA 7(a) loan up to $5 million for business expansion, acquisitions, debt refinance, and working capital; packaging fee $2,500 and financing-eligible fees.
• SBA 504 Loan SBA 504 loan up to $10 million for equipment acquisition, owner-occupied real estate purchase, and refinance with down payments as low as 10%.
• Wintrust Wealth Management Wealth management services through Wintrust Wealth including asset management, private banking, investments, insurance, and trust and estate services for personal and business clients.

Quantifiable outcome

• Early Pay allows direct deposit receipt up to 2 business days early
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• MaxSafe Program (Internal Wintrust Network)coreOthersInternal deposit insurance program that spreads deposits across 16 Wintrust community bank charters to provide FDIC coverage up to $4 million per accountholder. All Wintrust banks are well-capitalized and fully FDIC insured.
• Elan Financial ServicescoreOEM/ Whitelabel/ Licensing PartnerElan Financial Services is the creditor and issuer of Wintrust credit cards pursuant to a license from Visa U.S.A. Inc. Provides 24/7 cardmember service and zero fraud liability protection.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerSBA Preferred Lender offering SBA Express (up to $500K), SBA 7(a) (up to $5M), and SBA 504 loans (up to $10M) for small business growth, acquisitions, and real estate.
• 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, NMLS #449042. Provides residential mortgage lending with relationship pricing for Wintrust customers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Byline Bank: Chicago-based community bank serving small businesses and consumers with deposit, lending, and treasury products — directly comparable segment focus and geography.
• First Merchants Bank: Midwest community bank serving consumers, small businesses, and commercial clients across IL, IN, MI, and OH — comparable full-service community banking platform across overlapping Midwest geographies.
• West Suburban Bank: DuPage County, Illinois community bank focused on personal and small business banking — directly comparable community bank operating model in the same Chicago metro market.
• First Bank of Highland Park: Independent Chicago suburban community bank focused on personal, business, and mortgage lending — comparable community banking model in the Illinois market.
• Busey Bank: Illinois-headquartered community bank with consumer, small business, and wealth offerings and similar mid-market footprint — comparable community banking model.
• Inland Bank and Trust: Chicago-area community bank offering commercial, small business, and consumer banking — directly comparable community banking offering and Chicago metro footprint.
• Crystal Lake Bank & Trust: A sister Wintrust community bank charter also operating in McHenry County, Illinois — directly comparable product set, target segments, and operating model under the same Wintrust Financial umbrella.

Broad incumbents

• Old National Bank: Large Midwest regional bank (formed via First Midwest acquisition) with full consumer, commercial, and wealth offerings — broader incumbent in the same Midwest deposit and lending market.
• Huntington Bancshares: Major Midwest regional bank with consumer, small business, and commercial banking across IL — comparable product breadth but as a much larger regional incumbent rather than a community specialist.

Emerging players

• Live Oak Bank: Digital-first community bank with strong SBA lending franchise and remote onboarding — comparable community-bank positioning but differentiated by tech-led delivery model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/wintrust
• LinkedInlinkedin.com/company/wintrust

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 McHenry Bank & Trust