Cedar Rapids Bank And Trust Company

What Cedar Rapids Bank And Trust Company does

Cedar Rapids Bank and Trust (CRBT) is a community bank subsidiary of QCR Holdings (NASDAQ: QCRH), a multi-bank holding company with $9.6 billion in assets. Founded in 2001 and headquartered at 500 1st Ave NE in Cedar Rapids, Iowa, CRBT operates 8 branches across Eastern Iowa (Linn and Black Hawk counties) and reported $2.8 billion in assets as of December 31, 2025. The bank serves consumers, small and mid-size businesses, professional practices, high-net-worth individuals, and — through its Specialty Finance Group — affordable housing developers nationwide.

CRBT's product suite spans consumer deposit accounts (MAXX Checking, Community Checking, Premier Plus, Wisdom, Step Up Teen, Money Market, CDs), consumer lending (mortgages, home equity, personal loans), business banking (Business Essentials, Preferred, Analysis Checking, SBA loans up to $5M, lines of credit, commercial real estate financing), treasury management (Positive Pay, ACH fraud monitoring via Laru Vision, Payment Exchange, sweep accounts), merchant processing via a Deluxe partnership, wealth management through Trust & Investment Services and Cedar Rapids Investment Consulting (an LPL Financial partnership), and private banking. Digital channels include iOS/Android mobile apps, personal and business online banking portals, Zelle for P2P payments, and Apple Pay/Google Pay/Samsung Pay integration. The Specialty Finance Group, founded within CRBT, originates Low-Income Housing Tax Credit (LIHTC) construction and permanent loans for affordable housing developers across 40+ states, averaging 90+ projects per year since 2020 and currently serving 17 of the nation's top 20 affordable housing developers, with 42,000 housing units financed nationwide since 2017.

The bank's revenue model is anchored in net interest income on its loan portfolio (mortgages, commercial loans, consumer loans, home equity) funded by deposits, supplemented by non-interest income from deposit fees, treasury management fees, merchant processing, and wealth management advisory fees. CRBT has grown via two key mergers — Community Bank & Trust (2013) and Guaranty Bank & Trust (2017) — and has been named Best Bank by the Corridor Business Journal and Top Workplace in Iowa by the Des Moines Register for eight consecutive years (2018–2025). In May 2025, James Klein expanded his role to President & CEO; the bank is celebrating its 25th anniversary in 2026 and has announced a new Mt. Vernon Road branch for Spring 2027.

Name

Cedar Rapids Bank And Trust Company

Legal name

Cedar Rapids Bank and Trust Company

Website

https://crbt.bank

Company type

Private

Founded year

2001

Operating status

Operating

Short description

Cedar Rapids Bank and Trust (CRBT) is an Eastern Iowa community bank and subsidiary of QCR Holdings serving consumers, small/mid-size businesses, professional practices, high-net-worth individuals across 8 branches, and — via its Specialty Finance Group — affordable housing developers nationwide through LIHTC lending in 40+ states.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Portfolio Management and Investment Advice (523940)

SIC

Personal Credit Institutions (6141), Mortgage Bankers & Loan Correspondents (6162), Investment Advice (6282)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

Corporate & Institutional Trust Services (FSAAANAB), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Community banking services
• Commercial lending solutions
• Wealth management services
• Affordable housing financing
• Treasury management services

Headquarters

HQ city

Cedar Rapids

HQ country

United States

HQ region

North America

Offices7 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 earned on loans (mortgages, commercial loans, personal loans, home equity) minus interest paid on deposits. Primary revenue driver for community bank.
2. Non-Interest Income - Deposit Fees: Monthly service charges, ATM fees, overdraft fees, and other deposit-related fees.
3. Wealth Management & Trust Services: Fiduciary and investment management services through Cedar Rapids Investment Consulting (LPL partnership) and Trust department. Revenue from advisory fees and account management.
4. Specialty Finance - LIHTC Lending: Construction loans and permanent loan financing for affordable housing (4% tax-exempt bond and 9% LIHTC deals). Backed by QCR Holdings $9.6 billion in assets.
5. Commercial Banking Services: Treasury management fees, merchant processing (through Deluxe partnership), business credit cards, and commercial lending fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Cedar Rapids Bank & Trust is a community bank that accepts deposits and extends credit through personal checking, savings, money market, CD, and HSA accounts, consumer mortgages, home equity, and personal loans, alongside commercial checking, SBA loans, lines of credit, commercial real estate financing, treasury management, merchant processing, and international trade services. It also delivers wealth management through Trust & Investment Services and Cedar Rapids Investment Consulting, and operates a Specialty Finance Group providing LIHTC construction and permanent financing for affordable housing developers nationwide.

Product overview

Cedar Rapids Bank & Trust (CRBT) is a community bank offering a comprehensive suite of consumer and commercial banking products and services. The bank's consumer offerings center on deposit accounts (checking, savings, money market, CDs) and lending products (mortgages, home equity, personal loans), enhanced by digital banking tools including mobile banking, Money Manager for multi-institution account aggregation, and Card Control for debit card security. Commercial banking services include business checking accounts, credit facilities (SBA loans, lines of credit, commercial real estate financing), treasury management solutions (Positive Pay, ACH fraud monitoring, Payment Exchange), merchant processing, and international services. Wealth management is delivered through Trust & Investment Services, Cedar Rapids Investment Consulting (LPL partnership), and Private Banking Services. The Specialty Finance Group provides specialized LIHTC financing for affordable housing developments nationwide. CRBT positions itself as a relationship-driven community bank emphasizing personal service across its digital and branch channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Checking Non-interest bearing personal checking account with no minimum balance, no monthly service fees, free online banking, bill pay, eStatements, mobile banking, and mobile deposit.
• MAXX Checking Premium high-yield personal checking account offering 3.33% APY on balances up to $25,000 plus ATM fee refunds (up to $20 per statement cycle) when qualifying requirements (15+ debit transactions, $500+ direct deposit, eStatements) are met.
• Money Market Account Tiered-rate money market account with check writing privileges and free eStatements, requiring a $1,000 average daily balance (otherwise $5 monthly service charge).
• Community Savings Personal savings account with unlimited withdrawals, $100 minimum balance, and variable interest; $5 monthly service charge if below minimum and $1.50 non-CRBT ATM fee.
• 7 Month CD Special Promotional 7-month certificate of deposit allowing money to grow on specified terms.
• Premier Plus Checking Interest-bearing premium personal checking account offering competitive interest rates and perks; requires $10,000 average daily balance and must be opened in-person.
• Step Up Teen Checking Personal checking account for individuals 18 years and under designed to earn rewards and develop debit card responsibility with bonus eligibility requiring 5+ qualifying debit transactions.
• Wisdom Checking Interest-bearing personal checking account designed for individuals 50 years and above offering complimentary benefits; must be opened in-person.
• Dough Zone Kids Account Personal savings account designed for children to encourage early financial literacy and savings habits.
• Health Savings Account (HSA) Tax-exempt account established exclusively to pay for qualifying medical expenses, available to individuals with high-deductible health plans.
• Mortgage Loans Residential mortgage lending for first-time home buyers, refinancing, and dream home purchases.
• Home Equity Loans and Lines of Credit Home equity lending products allowing consumers to borrow against home equity.
• Personal and Auto Loans Personal installment loans and lines of credit and auto loans for individual consumers.
• Iowa Student Loans Student loan financing for Iowa students.
• Personal Credit Cards Personal credit card products for consumer use.
• Business Essentials Checking Business checking account for emerging and established businesses with low transaction volume; $100 minimum opening deposit, $15 monthly maintenance fee, and 125 free checks per month.
• Business Preferred Checking Interest-bearing business checking account for businesses maintaining higher balances; $100 minimum opening deposit and $10,000 minimum balance requirement with 300 free items per month.
• Business Analysis Checking High-activity business checking account utilizing earned credit to offset service and maintenance fees for businesses with significant transaction volume; $0.26 per item.
• Visa Business Credit Cards

Quantifiable outcome

• Top 20 LIHTC lender serving 17 of nation's top 20 affordable housing developers
• +4 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability5 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• LPL FinancialcoreTechnology or IntegrationRegistered investment advisor and broker-dealer (member FINRA/SIPC) providing investment products and services through Cedar Rapids Investment Consulting. Offers mutual funds, annuities, insurance, bonds, stocks, and retirement accounts.
• DeluxecoreTechnology or IntegrationPartner for merchant credit card processing services. Leading payment processor focused on community banks, providing flexible options, competitive pricing, no long-term contracts, and PCI compliance tools.
• FDICcoreOthersFederal Deposit Insurance Corporation. Insures CRBT deposits up to $250,000 per depositor, backed by the full faith and credit of the U.S. Government.
• NACHAcoreTechnology or IntegrationACH network operator. CRBT processes ACH credits and debits (CCD, CTX, PPD, WEB, TEL SEC codes) through NACHA network for payroll, bill pay, and corporate transactions.
• OPN ArchitectsminorOthersArchitectural firm selected for design of new Mt. Vernon Road branch (Spring 2027).
• Rinderknecht AssociatesminorOthersGeneral contractor selected for construction of new Mt. Vernon Road branch (Spring 2027).

Scale indicators16 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• West Bank: Iowa-based community bank with comparable deposit/lending model and wealth management services serving Iowa markets including the Cedar Rapids corridor; similar mid-size community bank profile.
• Hills Bank and Trust Company: Iowa-headquartered community bank with similar asset size (~ $5B+), full-service consumer/commercial/wealth offering, and Eastern Iowa branch presence that overlaps CRBT's territory.
• MidWestOne Financial Group: Iowa City-headquartered bank holding company with similar asset scale (~$5B), comparable consumer/commercial banking mix, and overlapping geographic footprint with CRBT's Eastern Iowa branches.

Broad incumbents

• U.S. Bancorp: Large national bank with community banking operations, wealth/advisory services, and treasury management competing with CRBT for deposit relationships and small-business banking in Iowa.
• Wells Fargo: National bank with extensive community branch presence in Iowa, full commercial and wealth product suite, and an active SBA lending franchise overlapping CRBT's market segments.
• Bank of America: National bank whose Merrill Private Bank and wealth management division compete directly with CRBT Private Banking and Cedar Rapids Investment Consulting for high-net-worth clients in the corridor.
• Heartland Financial USA (HTLF): Multi-bank holding company operating community banks across multiple states with full-service consumer, commercial, and wealth capabilities - direct business model analog to CRBT's parent QCR Holdings.

Others

• Edward Jones: National investment advisory and wealth management firm competing head-on with CRBT's Cedar Rapids Investment Consulting and Private Banking teams for retail wealth and retirement AUM.
• Fidelity Investments: Large retail investment platform providing self-directed and advisor-served wealth management that competes with CRBT's investment consulting and trust services for client dollars in the Eastern Iowa market.

Regional players

• Stock Yards Bancorp: Mid-size community bank holding company with comparable balance sheet scale, full-service consumer/commercial/wealth model, and a similar relationship-led acquisition history as QCR/CRBT.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cedarrapidsbankandtrust

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 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 Cedar Rapids Bank And Trust Company