First National Bank of Illinois

What First National Bank of Illinois does

First National Bank of Illinois is a community bank brand operated by Old Plank Trail Community Bank, N.A., a wholly-owned subsidiary of Wintrust Financial Corporation (NASDAQ: WTFC), serving consumers, small businesses, and middle-market companies across the Midwest. The bank provides a full suite of deposit and lending products, including three tiers of personal checking accounts (Total Access Checking, Access Plus Checking, Premier Checking), savings products (Statement Savings Advanced with 2.00% APY, 13-month CDs at 4.00% APY), credit cards issued through Elan Financial Services, home equity lines of credit, mortgages via the Wintrust Mortgage division, and a credit-building product line (Money Smart Checking and Savings, Everyday Loans). For businesses, the bank offers three tiers of business checking, SBA loans up to $10 million through Express, 7(a), and 504 programs, and asset-based lending facilities up to $205 million for middle-market clients.

The bank's underlying technology platform includes the Wintrust Digital Banking mobile application (iOS and Android) with Zelle integration, mobile deposits, and account management capabilities, alongside the i-BusinessBanking online platform for commercial clients with token-based authentication, ACH origination, wire transfers, and i-BusinessCapturePro remote deposit capture. Security infrastructure includes Positive Pay fraud prevention (Check, Reverse, and ACH variants), Trusteer malware protection, and Account Takeover Protection monitoring. The proprietary MaxSafe program leverages 16 Wintrust community bank charters to extend FDIC coverage from $250,000 to $4 million per accountholder, a structural feature that single-charter competitors cannot easily replicate.

Revenue is generated through subscription recurring streams (monthly account maintenance fees with balance-based waivers across consumer and business tiers), transaction fees (wire transfers, ACH origination, merchant processing, treasury management), interest income (HELOCs at 6.75%-7.50% APR, CDs, mortgages, commercial loans), and fee income from SBA loan origination. Distribution operates through 200+ Wintrust Community Bank branches across Illinois, Indiana, Wisconsin, Michigan, and Florida, complemented by digital banking channels and relationship-based business banking specialists. The bank's go-to-market motion is community-led, with locally-run branches emphasizing personal relationships, local decision-making, and community involvement as an explicit alternative to large national banks.

Name

First National Bank of Illinois

Legal name

Old Plank Trail Community Bank, N.A.

Website

https://fnbiweb.com

Company type

Private

Founded year

1991

Operating status

Operating

Short description

First National Bank of Illinois is a community bank brand under Wintrust Financial Corporation (NASDAQ: WTFC), serving consumers, small businesses, and middle-market companies in Illinois and Indiana with deposit accounts, loans, SBA lending, wealth management, and the MaxSafe FDIC enhancement program through 15+ branches.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Community banking services
• Personal checking accounts
• Small business lending
• SBA loan programs
• Commercial asset lending

Headquarters

HQ city

Lansing

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Personal Banking: Checking accounts (Total Access, Access Plus, Premier), Savings accounts, Credit Cards, Home Equity Lines of Credit, Mortgages, Credit Building products generating monthly fees, interest income, and transaction revenues
2. Small Business Banking: Business checking (Entrepreneur, Business Community, Have-It-All), Savings, Money Market, CDs, Credit Cards generating monthly maintenance fees, transaction fees, and interest income
3. SBA and Business Lending: SBA Express (up to $500K), SBA 7(a) loans (up to $5M), SBA 504 loans (up to $10M), term loans, and lines of credit generating interest income and origination fees
4. Commercial/Asset-Based Lending: Revolving credit facilities on accounts receivable and inventory, equipment and real estate term loans for middle-market companies generating interest income
5. Treasury Management: Cash management, wire transfers, ACH origination, merchant processing, and business banking services generating transaction and service fees
6. Wealth Management: Asset management, private client services, investment and insurance products, trust and estate services generating advisory fees and commissions

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

First National Bank of Illinois provides personal and business banking products including checking accounts, savings accounts, certificates of deposit, mortgages, home equity lines of credit, credit cards, credit-building loans, SBA loans up to $10 million, treasury management, and wealth management services. The bank operates as a community-focused bank under the Wintrust Community Bank network, with locally-run branches delivering personalized relationship banking across Illinois, Indiana, Wisconsin, Michigan, and Florida.

Product overview

First National Bank of Illinois operates as part of the Wintrust Community Bank network, offering a comprehensive suite of personal and business banking products. The bank's personal offerings include three-tiered checking accounts (Total Access Checking, Access Plus Checking, Premier Checking), Statement Savings Advanced with competitive APY, Home Equity Lines of Credit, mortgages through Wintrust Mortgage, and credit cards via Elan Financial Services. For credit building, the bank offers Money Smart Checking and Savings accounts along with Everyday Loans. The small business platform features three checking tiers (Entrepreneur Checking, Business Community Checking, Have-It-All Business Checking), SBA loan programs (Express, 7(a), 504), MaxSafe FDIC enhancement up to $4 million, and cash management services including i-BusinessBanking online platform, merchant processing, and i-BusinessCapturePro remote deposit. Digital banking is delivered through the Wintrust Mobile App available on iOS and Android. The bank also operates loyalty programs including Platinum Adventures Club for customers 50+ and Junior Savers Club for youth, all supported by fraud prevention tools including Positive Pay and ACH monitoring.

Differentiator

Problem solved

Functional benefit

Brands

• Wintrust Digital Banking: Mobile and online banking platform for Wintrust Community Banks
• Wintrust Mortgage
• Wintrust Wealth Management
• Platinum Adventures Club
• Junior Savers Club

Products and services

• Total Access Checking

Quantifiable outcome

• FDIC coverage increased from $250,000 to $4 million per accountholder through MaxSafe program
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Four partnerships are on record, tiered supporting and core.

• TrusteersupportingTechnology or IntegrationPartnership provides free fraud protection software to protect business customers against malware infections and phishing attacks as part of cash management security offerings.
• Barrington Bank & Trust Company, N.A. (Wintrust Mortgage)coreOEM/ Whitelabel/ Licensing PartnerWintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank, NMLS #449042. Residential lending is provided through this affiliate, offering mortgages to bank customers with relationship pricing benefits.
• NachasupportingTechnology or IntegrationNacha governs the ACH Network for direct deposits and direct payments. Wintrust works with Nacha to implement ACH rule changes and educate customers on payment processing requirements.
• FDIC (Federal Deposit Insurance Corporation)coreOthersFDIC provides deposit insurance coverage up to $250,000 per depositor. Wintrust's MaxSafe program extends this coverage up to $4 million by spreading deposits across 16 Wintrust bank charters.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Old Second Bancorp: Illinois-based community bank offering personal, small business, and commercial banking with a focus on local decision-making. Comparable in geography (Chicago suburbs), product suite, and middle-market lending focus.
• First Midwest Bancorp (now Old National): Large Midwest commercial bank with similar commercial, small business, and treasury management offerings. Post-merger with Old National, operates across similar Midwest corridors including greater Chicago and Indiana.
• Wintrust Financial Corporation: Direct parent company operating 200+ community bank charters across the Midwest and Florida. Operates the same community-banking model with shared technology, MaxSafe program, and treasury management platform that First National Bank of Illinois leverages.
• Bridgeview Bank Group: Chicago-based community bank with personal and small business banking, commercial lending, and asset-based lending. Comparable in geographic focus on Chicago metropolitan area and middle-market lending approach.
• Byline Bank (Byline Bancorp): Chicago-based community bank serving small businesses and middle-market companies with SBA lending, commercial banking, and treasury management. Directly comparable in product mix and Chicago-area service footprint.
• First Busey Corporation: Midwest community bank holding company with personal, business, and wealth management services across Illinois, Indiana, Florida, and Missouri. Highly comparable in multi-state community bank model and SBA lending program.
• Lakeside Bank: Chicago community bank with personal, business, and commercial banking products. Comparable in Chicago-area community banking focus and small business/middle-market service orientation.

Emerging players

• Live Oak Bancshares: Digital-first bank specializing in SBA lending and small business banking. Comparable in SBA lending focus and small business customer focus, though operates primarily through digital channels rather than branches.

Regional players

• North Shore Trust and Savings: Chicago-area community bank serving individuals and small businesses. Comparable in community-focused retail banking model and Chicago-area footprint, though smaller scale.

Broad incumbents

• JPMorgan Chase (Chase Bank): National commercial bank with retail, small business, commercial, and wealth management products. Direct overlap in product categories but operates at vastly larger scale and lacks the local community-bank positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

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 First National Bank of Illinois