Cary Bank & Trust
Cary Bank & Trust is a community bank subsidiary of Wintrust Financial Corporation (NASDAQ: WTFC) operating five branches in suburban Chicago's McHenry County, providing personal, small business, and commercial banking products to local consumers and businesses.
- Company typePrivate
- Founded-
- HeadquartersCary, United States
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
Cary Bank & Trust firmographics
Firmographics- Name
- Cary Bank & Trust
- Legal name
- Crystal Lake Bank & Trust Company, N.A.
- Website
- https://www.carybank.com
- Company type
- Private
- Operating status
- Operating
- Short description
- Cary Bank & Trust is a community bank subsidiary of Wintrust Financial Corporation (NASDAQ: WTFC) operating five branches in suburban Chicago's McHenry County, providing personal, small business, and commercial banking products to local consumers and businesses.
- Ownership category
- akta.pro rank
Cary Bank & Trust industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
- akta.pro secondary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where Cary Bank & Trust is headquartered
LocationHeadquarters
- HQ city
- Cary
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Cary Bank & Trust business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Income from lending products including mortgages, home equity lines of credit, personal loans, and business loans. Variable and fixed-rate loan products generate interest income.
- Deposit Account Fees: Monthly maintenance fees for checking and savings accounts (waived based on balance thresholds), wire transfer fees, and ATM fees
- Business Banking Services: Fees from business checking accounts, cash management services, treasury management, and merchant processing
- Credit Card Interchange: Credit card services provided through Elan Financial Services partnership generate interchange revenue
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Total Access Checking - Basic everyday banking |
| Subscription | Monthly | Access Plus Checking - Enhanced benefits |
| Subscription | Monthly | Premier Checking - Premium tier |
| Subscription | Monthly | Statement Savings Advanced Special |
| One time/ perpetual license | Pay-as-you-go | 13-Month CD Special |
| Usage-based | Monthly | HELOC Variable Rates |
| Subscription | Monthly | Money Smart Checking |
| Subscription | Monthly | Entrepreneur Checking |
| Subscription | Monthly | Business Community Checking |
| Subscription | Monthly | Have-It-All Business Checking |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Cary Bank & Trust product offering
Product offeringCore offering
Cary Bank & Trust provides personal, small business, and commercial banking products and services through branch locations and digital channels. Its core offerings include deposit accounts (checking, savings, CDs, money market), consumer and commercial lending (HELOC, mortgages, SBA loans, business lines of credit), cash management and treasury services, and digital banking through the Wintrust Digital mobile app with Zelle payments and remote deposit capture. The bank serves customers in the greater Chicago area and Southern Wisconsin as part of the Wintrust Financial Corporation network.
Product overview
Cary Bank & Trust, operating as a Wintrust Community Bank, provides a comprehensive suite of banking products organized into personal, small business, and commercial categories. The personal banking suite includes three checking account tiers (Total Access Checking, Access Plus Checking, Premier Checking), Statement Savings Advanced and CD products, the Money Smart credit-building program (Checking, Savings, Everyday Loan, CD Loan), Home Equity Lines of Credit, and Wintrust Mortgage services. Loyalty programs include the Platinum Adventures Club (50+ travel/social club) and Junior Savers/Teen Banking Club (children's savings program). Small business offerings encompass three checking tiers (Entrepreneur, Business Community, Have-It-All Business Checking), Cash Management Services with i-BusinessBanking/i-BusinessCapturePro digital platforms, MaxSafe FDIC-insured deposits (CD and Money Market up to $4M coverage), SBA lending (Express, 7(a), 504 loans up to $10M), Easy Access credit lines, and business credit cards. Commercial services include asset-based lending, capital markets, commercial lending/leasing, treasury management, international services, and industry-specific solutions. The bank emphasizes digital banking capabilities including Zelle peer-to-peer payments, mobile deposit, and online account management, supported by fraud prevention tools.
Differentiator
Problem solved
Functional benefit
Brands
- Wintrust Community Banks: Community banking brand under Wintrust Financial Corporation operating multiple bank charters across Illinois, Wisconsin, Michigan, Indiana, and Florida.
- Wintrust Mortgage
Products and services
- Total Access Checking
Companies that use Cary Bank & Trust
Customer profileSegments3 records
Ideal customer profiles3 records
Cary Bank & Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Cary Bank & Trust partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TrusteercorePartnership provides free fraud protection software to protect business customers against malware infections and phishing attacks through the Trusteer software solution.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Cary Bank & Trust competitors and assessment
Company assessmentDirect peers
- Byline Bank: Independent Chicago-area community bank offering personal, small business, and commercial banking with relationship-based service. Directly comparable in customer segments, product mix, and go-to-market approach to Cary Bank & Trust.
- Lake Forest Bank & Trust: Sister Wintrust Community Bank charter serving Chicago's North Shore suburbs. Operates with the same Wintrust platform, MaxSafe program, and community-banking model, making it a near-perfect operational peer.
- Barrington Bank & Trust: Wintrust sister charter in the NW Chicago suburbs, also operating the Wintrust Mortgage division. Highly comparable operating model, product suite, and customer base to Cary.
- Hinsdale Bank & Trust: Wintrust sister charter in Chicago's western suburbs. Mirrors Cary's community banking proposition under the same Wintrust platform and is a direct geographic and operational peer.
- Libertyville Bank & Trust: Wintrust Community Bank charter in the northern Chicago suburbs. Provides the same personal, small business, and commercial banking products via the Wintrust platform, making it a direct peer.
- Wheaton Bank & Trust: Wintrust sister charter serving Chicago's western suburbs with the same community banking playbook. Directly comparable in branch-level operations and product offering.
- First Bank of Highland Park: Independent community bank serving Chicago's northern suburbs with relationship-driven personal and small business banking. Operates at a similar sub-scale community bank charter level as Cary.
Broad incumbents
- Old National Bank: Large regional bank formed via First Midwest acquisition, with significant Chicago presence and overlapping commercial and small business banking products. Competes head-on but at materially greater scale.
- BMO Harris Bank: Major Chicago-based commercial and retail bank with broad product portfolio and strong brand recognition in Cary's footprint. Competes across all segments Cary serves, but at vastly larger scale.
Others
- Wintrust Mortgage: Mortgage lending division within Wintrust that Cary refers customers to and benefits from through cross-sell. Sister division rather than a competitor, but a key ecosystem participant.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Cary Bank & Trust social profiles
Digital presenceCary Bank & Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cary Bank & Trust leadership team
Management profileNumber of profiles
Profiles6 records
Cary Bank & Trust funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cary Bank & Trust 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 Cary Bank & Trust
What does Cary Bank & Trust do?
Cary Bank & Trust provides personal, small business, and commercial banking products and services through branch locations and digital channels. Its core offerings include deposit accounts (checking, savings, CDs, money market), consumer and commercial lending (HELOC, mortgages, SBA loans, business lines of credit), cash management and treasury services, and digital banking through the Wintrust Digital mobile app with Zelle payments and remote deposit capture. The bank serves customers in the greater Chicago area and Southern Wisconsin as part of the Wintrust Financial Corporation network.
Is Cary Bank & Trust a public or private company?
Cary Bank & Trust is a private company. It is classified as corporate owned and is currently operating.
When was Cary Bank & Trust founded?
Cary Bank & Trust was founded in -1.
Where is Cary Bank & Trust based?
Cary Bank & Trust is headquartered in Cary, United States, in the North America region.
How does Cary Bank & Trust make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are deposit Account Fees, business Banking Services and credit Card Interchange.
Who are Cary Bank & Trust's main competitors?
Direct peers on record are Byline Bank, Lake Forest Bank & Trust, Barrington Bank & Trust, Hinsdale Bank & Trust, Libertyville Bank & Trust, Wheaton Bank & Trust and First Bank of Highland Park. Broad incumbents are Old National Bank and BMO Harris Bank. Wintrust Mortgage is listed as an others.
Does Cary Bank & Trust have an API?
No public API is recorded for Cary Bank & Trust.
What industry is Cary Bank & Trust in?
Cary Bank & Trust's product category is Community Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6021.