Schaumburg Bank & Trust Company

Name

Schaumburg Bank & Trust Company

Legal name

Schaumburg Bank & Trust Company, N.A.

Website

https://bankschaumburg.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Retail and Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

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

Keywords

• Community banking services
• Small business lending
• Commercial banking solutions
• Mortgage and HELOC
• SBA loan programs

Headquarters

HQ city

Schaumburg

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including mortgages, home equity lines, commercial lending, SBA loans, and consumer loans
2. Deposit Account Fees and Services: Monthly maintenance fees on checking and savings accounts, with waivers for minimum balance requirements; wire transfer fees; ATM fees
3. Wealth Management Services: Asset management, investment services, trust and estate services, and private banking through Wintrust Wealth Management
4. Mortgage Lending: Residential mortgage origination through Wintrust Mortgage, a division of Barrington Bank & Trust Company, N.A.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Schaumburg Bank & Trust Company, N.A. is a Wintrust Community Bank offering deposit accounts (tiered checking, savings, CDs), consumer lending (HELOCs, mortgages, personal credit cards, credit-building loans), small business banking (checking, SBA loans, merchant services), and commercial banking (asset-based lending, capital markets, treasury management, international services). The bank delivers these through physical branches in the Greater Chicago area complemented by the Wintrust Digital Banking online and mobile platform with Zelle payments and remote deposit capture.

Product overview

Schaumburg Bank & Trust Company is a Wintrust Community Bank offering a comprehensive banking platform serving personal, small business, and commercial customers. The product portfolio centers on deposit products (checking, savings, CDs, money market accounts) and lending solutions (mortgages, HELOCs, credit cards, SBA and commercial loans). The bank provides three-tiered personal checking (Total Access Checking, Access Plus Checking, Premier Checking) alongside business checking (Entrepreneur, Business Community, Have-It-All Business), with specialty products like MaxSafe for enhanced FDIC coverage. Credit offerings span personal credit cards through Elan Financial Services, home equity lines, fixed-rate Everyday Loans, and SBA lending programs. The platform includes digital banking (Wintrust Digital Banking with mobile app), fraud prevention tools (Positive Pay suite), and loyalty programs (Platinum Adventures for 50+ customers, Junior Savers for youth). Wealth management and treasury management services round out the commercial offerings. The bank differentiates through community-focused services including free coin counting, currency exchange, and educational programs through the FDIC Money Smart curriculum.

Differentiator

Problem solved

Functional benefit

Products and services

• Total Access Checking Entry-level everyday banking account with early direct deposit access (up to 2 business days early) and free ATM access nationwide. Requires $100 to open with no minimum monthly balance. Targets consumers seeking simple, no-maintenance-fee banking.
• Access Plus Checking Interest-bearing personal checking account offering free safe deposit box, first order of specialty checks, domestic wire fee reimbursement, and waived incoming wire fees. $10 monthly fee waived with $2,500 average daily balance or $25,000 combined relationship balance.
• Premier Checking Premium tiered interest checking account with the highest benefits, including a 0.15% rate bonus on Statement Savings Advanced, waived safe deposit box fee, free specialty checks, stop payment fee waivers, and up to 5 domestic wire fee reimbursements. $25 monthly fee waived with $10,000 average daily balance or $75,000 combined relationship balance.
• Statement Savings Advanced Interest-bearing personal savings account offering 2.00% APY with qualifying activities. $200 daily minimum balance to avoid a $5 monthly maintenance fee. No minimum opening deposit. Includes digital access through Wintrust Digital Banking.
• 13-Month CD Special Promotional certificate of deposit offering 4.00% APY with $1,000 minimum to open. Auto-renews at maturity into a standard CD term at the prevailing rate. Targets consumer savers seeking a fixed-rate yield.
• Home Equity Line of Credit (HELOC) Variable-rate revolving credit line secured by home equity. Draw period of 10 years with 20-year repayment. APR tiers range from 6.75% to 7.50% based on loan amount. Offers fixed-rate conversion options and a $75 annual fee waived the first year.
• Wintrust Mortgage Residential mortgage lending division providing purchase, refinance, and home equity solutions. Features a Relationship Pricing Program for existing Wintrust customers. Open to consumers purchasing or refinancing residential real estate.
• Personal Credit Cards Visa credit cards issued through Elan Financial Services offering rewards, cash back, and low-rate options. Features include zero fraud liability, mobile purchasing capability, and 24/7 cardmember service.
• Money Smart Checking Credit-building checking account with $10 opening deposit, no monthly fees, up to 6 free out-of-network ATM reimbursements per statement cycle, optional Dollar-A-Day savings feature, and no overdraft fees.
• Money Smart Savings Interest-bearing savings account paired with Money Smart Checking, offering up to 6 free out-of-network ATM reimbursements per calendar month when linked to the debit card.
• Everyday Loan Fixed-rate personal installment loan up to $5,000 with quick approval. APR based on Prime + 5.00% margin (example: 11.75% APR with 12-month term of $88.73/month on $1,000). Designed for credit-building borrowers.
• Money Smart CD Loan Loan product where borrowed funds are used to open a Certificate of Deposit of the same amount. Borrower makes fixed monthly payments; upon payoff, the CD balance including earned interest becomes theirs.
• Entrepreneur Checking Small business checking designed for startups with no minimum balance, no monthly fees, 150 free monthly transactions, and a free i-BusinessBanking profile with mobile deposit.
• Business Community Checking Established small business checking with $2,500 minimum average balance to waive the $20 monthly fee, 250 free monthly transactions, and a free i-BusinessBanking profile with unlimited non-token users.
• Have-It-All Business Checking Premium small business checking for larger enterprises with $20,000 minimum average balance requirement, 400 free monthly transactions, and a $30 monthly maintenance fee.
• 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. Available as a CD or Money Market account.
• SBA Express Loan SBA Express loan up to $500,000 for small business expansions, acquisitions, and cash flow management, with expedited turnaround and revolving line of credit options.
• SBA 7(a) Loan SBA 7(a) loan up to $5 million for business expansion, acquisitions, debt refinance, and working capital. Includes $2,500 packaging fee; may exceed standard collateral requirements with eligible fees that can be financed.
• SBA 504 Loan SBA 504 loan up to $10 million for equipment acquisition and owner-occupied real estate purchase or refinance with as little as 10% down payment and longer-term fixed rates.
• i-BusinessBanking Online business banking platform providing mobile remote deposit capture, online statements, ACH origination capabilities, and unlimited user access for business clients.
• i-BusinessCapturePro Remote deposit capture tool allowing businesses to scan and deposit checks on-site without visiting a branch, integrated with i-BusinessBanking.
• Wintrust Business Credit (Asset-Based Lending) Middle-market asset-based lending providing revolving lines of credit on accounts receivable and inventory, plus term loans secured by equipment and real estate, part of Wintrust's commercial financing suite for larger commercial clients.
• Wintrust Digital Banking Mobile and online banking platform enabling account management, mobile deposits, Zelle real-time person-to-person transfers, financial insights, and bill pay. Available via iOS (App Store id 1619335105) and Android (Google Play com.wintrust.production) apps.

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Wintrust MortgagecoreStrategic or Co-development PartnerAffiliate mortgage lending division providing residential mortgage products. Wintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank. Provides purchase, refinance, and home equity solutions.
• Wintrust Wealth ManagementcoreStrategic or Co-development PartnerAffiliate wealth management division providing asset management, private client services, investments, trust and estate services. Works with banking partners to serve business owners and high-net-worth clients.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Associated Banc-Corp: Midwest regional bank with retail, commercial, and wealth offerings that compete directly with Wintrust affiliates in Wisconsin and Illinois suburban markets.
• Old National Bank: Large Midwest community-oriented bank with full retail, commercial, and wealth management capabilities, plus SBA and ABL franchises overlapping Schaumburg Bank & Trust's middle-market product set.
• First Midwest Bancorp (now Old National): Historic Chicago-area community banking competitor before its merger into Old National; cited here as a representative Chicago-region mid-market commercial banking peer.
• Wintrust Financial Corporation: The publicly traded parent holding company (NASDAQ: WTFC) of Schaumburg Bank & Trust — operates the consolidated commercial, wealth, mortgage, and premium finance franchises that flow through the individual charters.
• BMO Harris Bank: Major Chicago-based commercial bank with deep middle-market lending and treasury management capabilities — a broad incumbent competitor for the same commercial and HNW clients.
• Northern Trust: Chicago-headquartered wealth and commercial bank whose Private Client and commercial banking units overlap with Schaumburg Bank & Trust's wealth management and middle-market offerings, particularly for HNW business owners.

Direct peers

• Lake Forest Bank & Trust Company: Sister Wintrust Community Bank charter serving Chicago's northern suburbs with identical community-banking model, deposit products, MaxSafe program, and Wintrust Digital Banking platform — the most direct comparability.
• Byline Bank: Chicago-headquartered community bank with comparable small business, SBA lending, and relationship-based commercial banking focus — a direct competitor for the same Chicago-area middle-market deposit and lending wallet.
• Barrington Bank & Trust Company, N.A. Sister Wintrust Community Bank charter; additionally hosts the Wintrust Mortgage division that serves Schaumburg Bank & Trust's mortgage customers — same playbook, same product suite, same affiliate ecosystem.
• Town Bank, N.A. Wisconsin-based Wintrust Community Bank charter operating the identical retail/SMB/commercial banking playbook, demonstrating how the Wintrust community-bank model replicates across regional markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BankSchaumburg

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 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 Schaumburg Bank & Trust Company