Company Information

Get to know Old Plank Trail Community Bank

Founded in 1976, Old Plank Trail Community Bank (OPT) has a long history of serving communities in Will and southern Cook counties in Illinois. It established itself by focusing on personalized customer service and providing a full suite of financial products, including personal banking, business banking, and lending services. In May 2022, Old Plank Trail Community Bank merged with Town Center Bank and now operates as a division of Town Center Bank, which is part of the larger Wintrust Financial Corporation family of community banks. While retaining its brand identity at its physical branch locations, it operates under the charter of Town Center Bank.

Industry

Financial BankingPRIMARY
Financial Other Service
Financial Wealth Management

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Old Plank Trail Community Bank

United States

Founded in

1991 (35 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.