Oak Lawn Bank & Trust

What Oak Lawn Bank & Trust does

Oak Lawn Bank & Trust is a community bank operating as a charter within Wintrust Financial Corporation (NASDAQ: WTFC), a publicly traded regional banking organization founded in 1991 with $74 billion in total assets, 16 community bank charters, and over 200 locations across Illinois, Wisconsin, Michigan, Indiana, and Florida. The bank, headquartered at 5300 W. 95th Street in Oak Lawn, Illinois, employs 51-100 people and serves consumers, small businesses, and commercial clients in the Chicago metropolitan area through a branch-and-digital model. The institution is led by CEO William Cordes and Vice Chairman Dennis O'Malley.

The bank's product portfolio spans three-tier personal checking (Total Access, Access Plus, Premier), savings and CD products, Home Equity Lines of Credit at 6.75%-7.50% APR, credit-building solutions (Money Smart Checking, Everyday Loan up to $5,000), and mortgages through Wintrust Mortgage. Small business offerings include Entrepreneur, Business Community, and Have-It-All business checking, i-BusinessBanking with remote deposit capture, MaxSafe (extending FDIC insurance to $4 million across 16 charters), and SBA loans up to $10 million. Commercial banking extends to asset-based lending, capital markets, treasury management, and industry-specific groups for healthcare, government, franchise, and ESOP sectors. The underlying technology is the shared Wintrust digital banking platform with iOS/Android mobile apps, Zelle integration, mobile deposit, and Trusteer-powered fraud protection.

Revenue is generated primarily through net interest income on lending (mortgages, HELOCs, SBA loans, commercial real estate), deposit account fees and service charges, and fee-based wealth management and treasury management services. The bank operates as a subsidiary brand within Wintrust's multi-charter community banking model, with local decision-making authority and a community-focused GTM emphasizing physical branches, educational seminars, and referral-based acquisition.

Name

Oak Lawn Bank & Trust

Legal name

Oak Lawn Bank & Trust (a division of Wintrust Financial Corporation)

Website

https://bankoaklawn.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

Oak Lawn Bank & Trust is a community bank operating under Wintrust Financial Corporation, serving consumers, small businesses, and commercial clients in the Chicago metropolitan area with deposit accounts, lending, SBA financing, treasury management, and wealth management services.

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

Credit Cards & Revolving Credit (FSABAAAC), Treasury & Liquidity Operations (Cash Positioning, Funding, Collateral Ops) (FSABALAH)

Keywords

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

Headquarters

HQ city

Oak Lawn

HQ country

United States

HQ region

North America

Offices9 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 from Lending: Revenue generated from interest on personal, small business, and commercial loans including mortgages, HELOCs, SBA loans, and commercial real estate financing
2. Deposit Account Fees and Service Charges: Monthly maintenance fees, ATM fees, wire transfer fees, and other account-based service charges
3. Home Equity Line of Credit Interest: Variable rate interest income from HELOC products with rates ranging from 6.75% to 7.50% APR depending on loan amount
4. Wealth Management and Investment Products: Asset management, investment, and insurance products offered through Wintrust Wealth Management partnerships
5. Treasury Management Services: Cash management, merchant processing, ACH origination, and wire transfer services for business customers

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Oak Lawn Bank & Trust is a community bank charter of Wintrust Financial Corporation that provides personal, small business and commercial banking products and services. Offerings include checking, savings, money market and CD deposit accounts; mortgages, HELOCs, personal loans and credit-building loans; SBA and commercial lending; treasury management and merchant services; wealth management and trust services; and community banking perks such as free coin counting and currency exchange. The bank also operates club programs (Junior Savers, Teen Banking, Platinum Adventures) and a digital banking platform with Zelle and mobile deposit.

Product overview

Oak Lawn Bank & Trust is a community bank operating as part of the Wintrust Financial Corporation family, offering a comprehensive suite of personal, small business, and commercial banking products. The bank's personal banking includes three-tiered checking accounts (Total Access Checking, Access Plus Checking, Premier Checking) with Early Pay direct deposit features, Statement Savings Advanced and CD products (including a 13-Month CD Special at 4.00% APY), Home Equity Lines of Credit, and credit building solutions like Money Smart Checking/Savings and the Everyday Loan. For small business, offerings include Entrepreneur Checking, Business Community Checking, Have-It-All® Business Checking, and SBA lending (Express, 7(a), and 504 loans up to $10M), along with MaxSafe (extending FDIC coverage to $4M), i-BusinessBanking™ online banking, and i-BusinessCapturePro™ remote deposit. Commercial services encompass asset-based lending, capital markets, treasury management, and private client/wealth management. The bank also operates digital banking through its Wintrust mobile app with Zelle® integration, and offers community engagement through Platinum Adventures® Club (50+) and Junior Savers Club®/Teen Banking Club (under 22).

Differentiator

Problem solved

Functional benefit

Brands

• Wintrust Community Banks: A network of community banks operated under Wintrust Financial Corporation, including Oak Lawn Bank & Trust and 15 other bank charters.
• Money Smart Checking
• Junior Savers Club
• Platinum Adventures Club
• MaxSafe
• i-BusinessBanking

Products and services

• Total Access Checking Entry-level everyday banking account with $100 to open, no minimum monthly balance or monthly maintenance fees, Early Pay (up to 2 days early direct deposit), and free ATMs nationwide through Allpoint, MoneyPass and SUM networks. Designed for individual consumers seeking basic checking.
• Access Plus Checking Enhanced checking account with variable interest paid monthly, with $2,500 average daily balance or $25,000 combined relationship balance to avoid $10 monthly fee. Includes waived safe deposit box fees, free first order of specialty checks, outgoing domestic wire reimbursement and waived incoming wire and money order fees. For individuals who maintain balance thresholds.
• Premier Checking Premium checking account with tiered and variable interest paid monthly, $10,000 average daily balance or $75,000 combined relationship balance to avoid $25 monthly fee. Includes 0.15% rate bonus on Statement Savings Advanced, waived safe deposit boxes, waived stop payment fees and up to 5 outgoing wire reimbursements. For affluent relationship-banking customers.
• Statement Savings Advanced Interest-bearing savings account with variable rate, promotional 2.00% APY with qualifying activities, no minimum to open, $200 daily minimum balance to avoid $5 monthly maintenance fee, and new money only requirement for promotional rates. For personal savers.
• 13-Month CD Special Fixed-rate Certificate of Deposit offering 4.00% APY, $1,000 minimum to open, 13-month term, auto-renews at maturity into standard CD terms. For depositors seeking higher yields with FDIC safety and Wintrust's MaxSafe extended coverage.
• 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. Variable rates from 6.75% to 7.50% APR based on credit amount, with fixed-rate options available; $75 annual fee waived first year. For homeowners seeking flexible access to funds.
• Money Smart Checking Credit-building checking account with $10 to open, no minimum monthly balance or monthly maintenance fees, no overdraft fees, optional Dollar-A-Day Savings Service, and up to 6 free out-of-network ATM reimbursements per statement cycle. For consumers establishing or rebuilding credit history.
• Money Smart Savings Interest-bearing savings account paired with Money Smart Checking that links to existing debit card for up to 6 free out-of-network ATM reimbursements per calendar month. For consumers building emergency savings alongside their credit-building checking account.
• Everyday Loan Fixed-rate personal loan up to $5,000 with quick approval decisions and rates lower than most credit cards. Current APR is Prime + 5.00% (11.75% as of 12/15/25). For consumers building or repairing credit history.
• Money Smart CD Loan Loan product allowing borrowing funds to open a CD of the same amount with fixed monthly payments; upon loan payoff the CD with earned interest becomes the borrower's asset. For consumers building credit and savings simultaneously.
• Personal Credit Cards Visa credit cards issued through Elan Financial Services offering features including Zero Fraud Liability, mobile purchasing capability, 24/7 cardmember service and various rewards options. For individual consumer cardholders.
• Wintrust Mortgage Residential mortgage lending division offering purchase, refinance and home equity funding solutions with relationship pricing for existing Wintrust customers. For individual homebuyers and homeowners seeking new financing.
• Entrepreneur Checking Business checking designed for startups with 150 free monthly transactions, free single-user i-BusinessBanking profile, free online statements, and no minimum monthly balance or maintenance fees for low-transaction businesses. For new and emerging small businesses.
• Business Community Checking Established business checking with 250 free monthly transactions, free i-BusinessBanking profile with unlimited non-token users and 2 free token users, requiring $2,500 minimum average collected balance to waive $20 monthly maintenance fee. For growing small businesses.
• Have-It-All Business Checking Premium business checking for larger enterprises with 400 free monthly transactions, requiring $20,000 minimum average collected balance to waive $30 monthly maintenance fee. For higher-volume small businesses.
• MaxSafe Program that increases FDIC insurance coverage from $250,000 to up to $4 million per accountholder by spreading deposits across Wintrust's 16 community bank charters. Available as CD or Money Market account. For personal and business depositors with balances exceeding standard FDIC limits.
• i-BusinessBanking Online business banking platform with mobile remote deposit capture, ACH origination, wire transfer capabilities and token-based security for transaction authorization. For small and mid-market business cash management.
• i-BusinessCapturePro Remote deposit capture service allowing businesses to scan and deposit checks on-site, enabling faster access to funds without visiting a branch. For business customers with high check volumes.
• SBA Express Loan Small Business Administration loan up to $500,000 for expansions, acquisitions and cash flow management with expedited turnaround, lower down payments and revolving lines of credit available. For small business owners needing SBA-backed financing.
• SBA 7(a) Loan Most popular SBA loan up to $5 million for business expansion, company acquisition, debt refinance and cash flow improvement. Loan amount may exceed traditional bank collateral requirements with financing fees that can be included. For small business owners needing larger SBA-backed financing.
• SBA 7(a) Working Capital Pilot Program Line of credit product that finances accounts receivable and inventory purchases with interest-only payments on funds actually used, designed for businesses seeking non-conventional financing. For small businesses needing working capital flexibility.
• 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 on a portion of financing. For small businesses acquiring real estate or capital equipment.
• Treasury Management Cash management services including merchant processing for card payments, ACH origination for electronic payments and collections, wire transfers, Positive Pay and Reverse Positive Pay fraud prevention, and ACH Positive Pay. For commercial and mid-market businesses with complex cash management needs.
• Private Client / Wealth Management Wealth management services including asset management, investment and insurance products, trust and estate services, and private banking through Wintrust Wealth Management and Wintrust Private Trust Company, N.A. For affluent individuals, families and business owners.
• Wintrust Digital Banking (Mobile & Online) Online and mobile banking platform with Wintrust mobile app for iOS and Android, featuring mobile deposit, account management, Zelle transfers, bill pay and financial insights. Available through App Store and Google Play. For individual and business digital banking.

Quantifiable outcome

• FDIC insurance extended from $250,000 to $4 million through MaxSafe program
• +2 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

Integration6 records

AI capability1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Elan Financial ServicescoreTechnology or IntegrationCredit card issuance partnership where Elan Financial Services provides credit card processing, Zero Fraud Liability protection, and 24/7 cardmember service for Wintrust's personal and business credit card products. Cards are issued pursuant to Visa U.S.A. Inc. license.
• FDIC (Federal Deposit Insurance Corporation)coreOthersMaxSafe program spreads deposits across 16 Wintrust community bank charters to extend FDIC insurance from standard $250,000 coverage up to $4 million per accountholder. All Wintrust banks are fully FDIC insured and well-capitalized.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Byline Bank: Chicago-based community bank offering deposit accounts, commercial lending, and SBA lending to small businesses and consumers. Closest direct competitor to Oak Lawn Bank & Trust in the Chicago metro community-banking segment with overlapping SMB and consumer product mix.
• Beverly Bank & Trust: Wintrust sister charter operating in the Beverly/Mount Greenwood Chicago community. Offers an essentially identical product suite to Oak Lawn Bank & Trust via the Wintrust platform — a direct comparable on operating model, product, and customer type.
• Inland Bank and Trust: Chicago-area community bank with personal, business, and commercial banking plus wealth management. Comparable community-banking positioning to Oak Lawn Bank & Trust in the same metropolitan market.
• Hinsdale Bank & Trust: Wintrust-affiliated community bank charter serving Chicago's western suburbs. Same Wintrust platform, product catalog, and operating model as Oak Lawn Bank & Trust, with comparable deposit and SMB lending focus.
• Libertyville Bank & Trust: Wintrust-affiliated community bank charter in Chicago's northern suburbs. Direct comparable on community-bank positioning, Wintrust platform use, and customer segmentation to Oak Lawn Bank & Trust.
• First National Bank of Evergreen Park: Wintrust sister charter located in Evergreen Park, immediately adjacent to Oak Lawn. Operates the same product suite and serves an overlapping suburban Chicago customer base.

Broad incumbents

• Old National Bank: Regional community-banking franchise across the Midwest and Southeast following the First Midwest acquisition. Comparable to Wintrust on multi-charter community-banking strategy and Indiana/Illinois market overlap.
• Associated Banc-Corp: Regional bank holding company with retail, commercial, and wealth banking across the Midwest. Overlaps with Wintrust's geographic footprint and provides a broader incumbent comparable on commercial lending and treasury management capabilities.
• First Merchants Bank: Indiana-headquartered community bank with commercial lending, treasury management, and wealth services. Overlaps with Wintrust in Indiana and provides a comparable community-banking scale benchmark.

Others

• Wintrust Financial Corporation: Public parent company (NASDAQ: WTFC) that owns and operates Oak Lawn Bank & Trust along with 15 other community bank charters. Not a competitor but the operating parent that defines Oak Lawn's strategy, capital, and platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BankOakLawn

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 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 Oak Lawn Bank & Trust