Established in 2007 by former Illinois Senator Peter Fitzgerald, the bank serves trade associations, think tanks, lobbying firms, political committees, nonprofit organizations, other businesses, and individuals nationwide.
Also, Chain Bridge bankers are familiar with Federal Election Committee regulations, and are required to keep their cell phone numbers on their business cards.
"Its deposits tend to swell in election years and dissipate as soon as ballots are cast," noted the Richmond Times-Dispatch.
[2] The Chain Bridge Bank board of directors includes Michelle Korsmo, president and chief executive officer of the National Restaurant Association; Michael J. Conover, who established and led the financial risk management practice at KPMG; Yonesy F. Núñez, Managing Director and Chief Information Security Officer at The Depository Trust & Clearing Corporation and former Chief Information Security Officer at Jack Henry & Associates; Leigh-Alexandra Basha, partner and private client practice lead at McDermott Will & Emery; and Mark Martinelli, who was EVP & Chief Audit Executive of Synchrony Financial.
[17][2] In addition, many super-PACs have also had accounts at Chain Bridge, such as ones representing Ben Carson, Carly Fiorina, Scott Walker, Bobby Jindal, Lindsey Graham, John Boehner, Sarah Palin, and the Republican National Committee.
[18] The Hawaii GOP told the FEC in February 2021 that it had a previously undisclosed bank account at Chain Bridge.
[19] One Chain Bridge client, the Trump Victory Committee, was being investigated for campaign finance reporting discrepancies as of April 2021.