New ultrasound-mediated drug delivery systems, such as acoustic cluster therapy or combined imaging and therapy systems, require transducers that can operate beyond the bandwidth limitation (~100%) of conventional piezoceramic transducers. In this article, a dual-frequency coupled resonator transducer (CRT) comprised of a polymeric coupling layer with a low acoustic impedance (2-5 MRayl) sandwiched between two piezoceramic layers is investigated. Depending on the electrical configuration, the CRT exhibits two usable frequency bands. The resonance frequency of the high-frequency (HF) band can be tailored to be ~3-5 times higher than that of the low-frequency (LF) band using the stiffness in the coupling layer. The CRT's LF band was analyzed analytically, and we obtained the closed-form expressions for the LF resonance frequency. A dual-frequency CRT was designed, manufactured, and characterized acoustically, and comparisons with theory showed good agreement. The HF band exhibited a center frequency of 2.5 MHz with a -3-dB bandwidth of 70% and is suited to manipulate microbubbles or for diagnostic imaging applications. The LF band exhibited a center frequency of 0.5 MHz with a -3-dB bandwidth of 13% and is suited to induce biological effects in tissue, therein manipulation of microbubbles.