Shorewood bank & trust

What Shorewood bank & trust does

Shorewood Bank & Trust is a community bank brand operating under Old Plank Trail Community Bank, N.A., a wholly-owned subsidiary of Wintrust Financial Corporation (NASDAQ: WTFC), a publicly traded Chicago-area bank holding company founded in 1991. The bank serves individual consumers, small businesses, and commercial/middle-market clients primarily in the greater Chicago metropolitan area, with the broader Wintrust network extending across Illinois, Indiana, Michigan, Wisconsin, and Florida through 200+ community-bank branches.

The product platform is comprehensive and layered: personal banking spans checking (Total Access, Access Plus, Premier, Money Smart), savings and CDs, Elan-issued credit cards, HELOCs (6.75%–7.50% APR), residential mortgages via Wintrust Mortgage, and the credit-building Money Smart suite; small business banking includes three tiered checking products, savings, money market, CDs, remote deposit capture, full cash management with Positive Pay fraud tools, SBA loans up to $10M, and the proprietary MaxSafe program that scales FDIC coverage to $4M by splitting deposits across 16 Wintrust charters; commercial banking adds asset-based lending, capital markets, commercial leasing, treasury management, international services, and industry-specific teams for franchises, ESOPs, condo/HOAs, construction, government and nonprofit/healthcare clients; and wealth is delivered through Wintrust Wealth Management. The underlying technology stack is the shared Wintrust Digital Banking Platform (iOS and Android) with Zelle, Mobile Deposit, and the i-BusinessBanking/i-BusinessCapturePro SMB stack, integrated with partners including Elan Financial Services, Trusteer, Early Warning Services/Zelle, and Nacha for ACH.

Revenue is generated primarily through net interest income from residential mortgages, commercial and small-business loans, HELOCs, personal loans, and investment securities, supplemented by checking-account maintenance fees (waived at relationship-balance thresholds), savings/CD interest-rate spreads, SBA origination fees ($2,500 packaging fee, transaction fees on Express/7(a)/504), credit-card interchange via Elan, business banking transaction fees, and ancillary services such as coin counting, safe deposit boxes, and foreign-currency exchange. Distribution combines physical branches and designated business bankers for relationship-led sales with digital self-service channels, supported by community events (Platinum Adventures Club for 50+, Junior Savers Club under 22, financial-education seminars, shred events) that drive customer acquisition and retention in local markets.

Name

Shorewood bank & trust

Legal name

Old Plank Trail Community Bank, N.A.

Website

https://bankshorewood.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Shorewood Bank & Trust is a Wintrust Financial Corporation community bank brand serving consumers, small businesses, and middle-market commercial clients in the greater Chicago metro area with deposits, lending (mortgages, HELOC, SBA, commercial), cash management, wealth, and the proprietary MaxSafe multi-charter FDIC coverage program.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industries

Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA), Wealth Lending & Credit Solutions (Lombard/Margin, Mortgages, Structured Credit) (FSAAABAG)

Keywords

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

Headquarters

HQ city

Shorewood

HQ country

United States

HQ region

North America

Offices16 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. Net Interest Income: Interest income earned on loans (residential mortgages, commercial loans, HELOCs, small business loans, personal loans) and investment securities, offset by interest paid on deposits. Primary revenue driver for community bank.
2. Checking Account Fees: Monthly maintenance fees on checking accounts (Access Plus Checking $10/month, Premier Checking $25/month) that can be waived based on balance requirements. Also includes overdraft fees and wire transfer fees.
3. Savings and CD Interest Spread: Interest rate spread between rates paid on savings/CDs and rates charged on loans. Statement Savings with 2.00% APY, 13-Month CD at 4.00% APY, generating spread revenue.
4. Home Equity Line of Credit (HELOC): Variable rate HELOC products with competitive rates ranging from 6.75% to 7.50% APR, generating interest income. Also includes $75 annual fee (waived first year).
5. Credit Card Transaction Fees: Credit cards issued through Elan Financial Services partnership generate interchange income on card transactions processed through the network.
6. Business Banking Fees: Monthly maintenance fees on business checking accounts (Entrepreneur Checking, Business Community Checking, Have-It-All Business Checking), transaction fees for excess transactions, and cash management service fees.
7. SBA Loan Origination Fees: SBA lending generates fee income including packaging fees ($2,500 for SBA 7(a) loans) and loan origination fees on SBA Express (up to $500,000), SBA 7(a) (up to $5M), and SBA 504 loans (up to $10M).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Shorewood Bank & Trust is a community bank that offers personal banking (checking, savings, CDs, credit cards, HELOCs, mortgages, credit-building products), small business banking (checking, savings, SBA loans, cash management, remote deposit capture), commercial banking (asset-based lending, capital markets, treasury management, industry-specific financing), and wealth management services. Its products are delivered through physical branches, the Wintrust Digital Banking platform, and dedicated relationship bankers under the Wintrust Financial Corporation umbrella.

Product overview

Shorewood Bank & Trust is a Wintrust Community Bank offering a comprehensive suite of banking products and services through a platform-plus-modules architecture. The core banking platform includes Digital Banking (online and mobile) with Zelle integration, supplemented by distinct product lines for Personal Banking (checking, savings, credit cards, mortgages, HELOC), Small Business Banking (checking, savings, SBA loans, cash management via i-BusinessBanking/i-BusinessCapturePro, MaxSafe FDIC coverage enhancement), Commercial Banking (lending, treasury management, industry-specific solutions), and Wealth Management. Loyalty programs include Platinum Adventures® Club (50+) and Junior Savers Club® (under 22). The bank also provides community perks like safe deposit boxes, currency exchange, and coin counting services.

Differentiator

Problem solved

Functional benefit

Brands

• Old Plank Trail Community Bank: The legal entity name and primary charter under which Shorewood Bank & Trust operates as part of Wintrust Community Banks.

Products and services

• Total Access Checking Everyday banking basics checking account with Early Pay feature (direct deposit up to 2 days early), free ATMs nationwide through Allpoint/MoneyPass/SUM networks, $100 to open with no minimum monthly balance or maintenance fees; for individual consumers seeking basic personal banking.
• Access Plus Checking Interest-bearing checking account with variable interest rate paid monthly, waived safe deposit box fee, free first order of bank specialty checks, one outgoing domestic wire fee reimbursed, and waived fees for incoming wires, money orders, and cashier's checks. $10 monthly fee waived with $2,500 average daily balance or $25,000 combined relationship balance.
• Premier Checking Premium checking with tiered variable interest rate, 0.15% rate bonus on Statement Savings Advanced, waived safe deposit box fee, waived stop payment fees, and up to 5 outgoing domestic wire fee reimbursements. $25 monthly fee waived with $10,000 average daily balance or $75,000 combined relationship balance.
• Money Smart Checking Checking account designed for credit building and financial success with $10 to open, no minimum balance or maintenance fees, debit card with up to 6 free out-of-network ATM reimbursements per statement cycle, optional Dollar-A-Day Savings Service, and no overdraft fees.
• Money Smart Savings Interest-bearing savings account designed to pair with Money Smart Checking for building emergency funds and planning for the future.
• Statement Savings Advanced Interest-bearing savings account with variable rate, no minimum to open, $200 daily minimum balance to avoid $5 monthly maintenance fee, new money only; current special offering 2.00% APY with qualifying activities.
• 13-Month CD Special Certificate of Deposit with 4.00% APY, $1,000 minimum to open, automatically renewable at maturity at the standard interest rate and APY in effect on the maturity date.
• Home Equity Line of Credit (HELOC) Variable-rate line of credit secured by home equity with 10-year draw period and 20-year repayment period. Competitive rates starting at 6.75% APR for $500,000+; fixed-rate options available to lock in portions of the balance. $75 annual fee waived first year.
• Personal Credit Cards Credit card products offered through Elan Financial Services with zero fraud liability, mobile purchasing capability, and 24/7 cardmember service. Card options include paying down balances, maximizing cash back, earning rewards, or building credit history.
• Everyday Loan Fixed-rate personal loan with quick approval decision, available in amounts up to $5,000 with rates lower than most credit cards. Rates based on Prime + 5.00% margin (e.g., 11.75% APR as of 12/15/25).
• Money Smart CD Loan Loan starting at $500 that funds a certificate of deposit for the same amount; borrower makes fixed monthly payments, and when the loan is paid off, the CD with earned interest becomes theirs.
• Wintrust Mortgage Residential mortgage lending including purchase, refinance, and home equity solutions, provided by Wintrust Mortgage (a division of Barrington Bank & Trust Company, N.A., NMLS #449042). Includes a Relationship Pricing Program offering closing cost credits or reduced rates for qualifying Wintrust deposit/wealth customers.
• Entrepreneur Checking Business checking designed for startups with no minimum monthly balance or maintenance fees, 150 free monthly transactions, free single-user i-BusinessBanking profile, and free online statements.
• Business Community Checking Checking for established businesses with no monthly maintenance fee with $2,500 minimum average collected balance, 250 free monthly transactions, and free i-BusinessBanking profile with unlimited non-token users and 2 free token users.
• Have-It-All Business Checking Business checking for larger enterprises with $20,000 minimum average collected balance required to avoid $30 monthly maintenance fee and 400 free monthly transactions.
• Small Business Savings Accounts Business savings accounts earning interest with quick access to funds.
• Small Business Money Market Accounts Business money market accounts with same benefits as savings plus checking capabilities and ATM access to funds.
• Small Business Certificate of Deposit Business CDs that lock in interest rates for extended periods to maximize savings.
• MaxSafe Program that increases FDIC insurance coverage from $250,000 to $4 million per accountholder by spreading deposits across 16 Wintrust community bank charters. Available as CD or Money Market account with $1,000 minimum deposit.
• i-BusinessCapturePro Remote deposit capture service allowing businesses to scan and deposit checks on site.
• Cash Management Services Business cash management including merchant processing for debit/credit cards, ACH origination for payments and electronic collection, wire transfers, and fraud protection tools (Positive Pay, Reverse Positive Pay, ACH Positive Pay).
• SBA Express Loan SBA loan up to $500,000 for expansions, acquisitions, and cash flow management with expedited turnaround time and lower down payments on fixed-asset loans.
• SBA 7(a) Loan SBA loan up to $5 million for business expansion, purchasing companies, or improving cash flow via debt refinance. Loan amounts may exceed traditional bank collateral requirements with fees that can be financed.
• SBA 7(a) Working Capital Pilot Program SBA line of credit to finance accounts receivables and purchase inventory with interest-only payments on funds used.
• SBA 504 Loan SBA loan up to $10 million for acquisition or refinance of equipment and owner-occupied real estate with down payments as low as 10% and longer-term fixed rates.
• Small Business Real Estate Lending Commercial real estate financing including SBA 504 loans designed to assist with business real estate purchases.
• Easy Access Line of Credit Revolving lines of credit and term loans for small business cash flow, paying bills, payroll, equipment purchases, or inventory.
• Business Overdraft Protection Overdraft protection solutions for small businesses to help with unexpected cash flow needs.
• Small Business Credit Cards Business credit cards with options for low rate, cash back, or flexible rewards. Includes free online expense reporting tools and no fee for additional employee cards.
• Digital Banking Online and mobile banking platform (Wintrust Digital Banking) with mobile deposit, Zelle transfers, financial insights, and access via apps for iOS and Android.
• Wintrust Wealth Management Wealth management services including Asset Management, Private Client banking, Investments & Insurance, and Trust & Estate services through Wintrust Wealth.
• Commercial Banking Services Commercial banking including Asset Based Lending, Capital Markets, Commercial Lending, Commercial Leasing, SBA Lending, Treasury Management, International Services, Retirement Benefits Advisors, Private Client services, and Wintrust at Work.
• Safe Deposit Boxes Secure storage for private papers, valuable belongings, or irreplaceable family heirlooms in various sizes at bank locations.
• Positive Pay Fraud Prevention Fraud prevention tools including Check Positive Pay (compares checks presented against issued check information), Reverse Positive Pay (allows review of checks before payment), and ACH Positive Pay (scans electronic transactions and returns unauthorized entries).
• Industry-Specific Banking Solutions Specialized banking for Condo/Townhouse/Homeowners Associations, Construction/Engineering/Architecture firms, Employee Stock Ownership Plans, Franchise Finance, Government Funds/Municipal Lending, Government/Not-for-Profits/Healthcare, and Professional Practice Group.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Wintrust Mortgage (Barrington Bank & Trust Company, N.A.)coreTechnology or IntegrationWintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank. Residential lending is provided through this affiliate, offering mortgages, refinancing, and home equity solutions. NMLS #449042.
• TrusteersupportingTechnology or IntegrationTrusteer provides free fraud protection software to protect bank customers against malware infections and phishing attacks as part of the cash management and security services offering.
• Early Warning Services, LLC (Zelle)coreTechnology or IntegrationEarly Warning Services owns and operates Zelle for peer-to-peer payments. The bank integrates Zelle for fast, safe money transfers between consumers and businesses with eligible checking or savings accounts.
• FDIC (Federal Deposit Insurance Corporation)coreOthersFDIC provides deposit insurance up to $250,000 per depositor. The bank supplements this coverage through the MaxSafe program by spreading deposits across 16 Wintrust community bank charters.
• NachasupportingOthersNacha governs the ACH Network for direct deposits and direct payments. The bank offers treasury management services including ACH origination and Same Day ACH, staying current with Nacha rule changes.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• BMO Harris Bank: Large regional bank (US subsidiary of BMO Financial Group) with deep Chicago-area branch footprint and full-suite commercial, wealth, and treasury services. Competes for the same SMB and middle-market customers as Shorewood, but with significantly broader scale and product portfolio.
• Fifth Third Bank: Large regional bank with substantial Midwest presence offering commercial lending, treasury management, and consumer banking. Competes with Shorewood in commercial/SMB segments across overlapping Illinois and Indiana geographies.
• PNC Bank: Top-10 US bank with strong Midwest commercial and treasury management franchise and growing retail presence. Direct competitor to Shorewood's commercial banking and cash management offerings in the Chicago metro.
• JPMorgan Chase: Largest US bank with dominant retail and SMB banking presence in Chicago. Competes head-to-head with Shorewood on consumer deposits, small business banking, and home lending, but offers national scale and digital capabilities that community banks cannot match.

Direct peers

• Hinsdale Bank & Trust: Sister Wintrust Community Bank charter serving Chicago's western suburbs. Operates the same business model, product platform, and pricing architecture as Shorewood Bank & Trust within the Wintrust network, providing a like-for-like peer benchmark.
• First Bank of Highland Park: Independent community bank serving Chicago's northern suburbs with personal, business, and commercial banking. Highly comparable in market footprint, relationship-led GTM, and product breadth to Shorewood Bank & Trust.
• Old National Bancorp: Midwest-focused community bank holding company (formed via First Midwest merger) serving Illinois, Indiana, Michigan, and Wisconsin. Directly comparable in regional footprint, community-bank positioning, and SMB/commercial banking mix.
• Byline Bank: Chicago-based community bank offering personal, small business, and commercial banking with a similar relationship-driven model. Direct competitor serving overlapping suburban Chicago markets with comparable SBA, commercial, and deposit products.

Others

• Wintrust Financial Corporation: Public parent company (NASDAQ: WTFC) of Shorewood Bank & Trust. Provides strategic context and benchmarks overall network-level scale, multi-state footprint, and wealth management capabilities that the Shorewood charter operates within.

Emerging players

• Greenlight Financial Technology: Fintech offering youth and family banking with financial education features, directly competing with Shorewood's Junior Savers and Teen Banking Club programs. Represents the emerging digital-native threat in the youth/financial-literacy segment.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Shorewood bank & trust