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4800 North Harlem Avenue
Harwood Heights, IL 60656

Parkway Bank and Trust Company is headquartered in Harwood Heights and is the 18st largest bank in the state of Illinois. It is also the 357th largest bank in the nation. It was established in 1964 and as of March of 2014, it had grown to 243 employees at 32 locations. Parkway Bank and Trust Company has a B+ health rating.

Reviews (3)


This bank is not to be trusted.  They do not back Business Debit Cards for fraudulent use.  They claim that Regulation E doesn't cover us because it is only for consumers. We are self employed and our accounts are tied to a social security number. We are consumers. When approached that no other bank and even Mastercard doesn't hide behind whatever fine print they think they are hiding from, they just didn't care.

They lied, cheat, and steal. They claimed they would help me with a card issue but later went back on their word.  Affter trying to fight them for six months, I am taking my business and pesonal accounts to a bank that doesn't screw customers.

I have had many customer service issues with this bank. DO NOT PUT YOUR MONEY THERE.

I would give them O stars if I could.

Worst Banking Experience EVER!!

I had explained my main bank was out of state (military friendly bank that I have belonged to for years) but I wanted to have an instate bank for issues that sometimes came up. My account was opened and after several weeks I received a call that they did not have all the information they needed and asked where I was employed. I asked why that information was necessary since my account was already open and in good standing. She said it was information that was asked for on the original application but had not been filled out. Although I felt it was unecessary for them to know  I explained that I was not working--she asked "you're unemployed" and I said yes.  A few weeks after that she called again and said I would have to list where my last employment was. I told her that was none of their business and had nothing to do w/ my banking with them. My account continued to be in good standing w/ limited transactions and I was using the account occasionaly to write checks to local merchants as needed.  I was contacted repeadedly to the point of harrassment to list my previous employment. They initially gave the reason as being for my protection--if someone were to come in posing as me they could use it as a security question. I explained they had a copy of my driver's license as well as the origianl questions they asked (mother's maiden name) but later I was told ever since 9/11 they were obligated to gather as much information about customers as possible and they were well within their rights to do so. I again refused because I didn't feel it was any of their business  and my previous work history had nothing to do w/ my free non interesting bearing checking account. I offered to close my account and was told since it had been less than 6 mos I would have to pay $50 to do so. A few weeks later after again expressing my concerns and refusing to give them personal information I did not feel they were privy to I rec'd a letter from them stating they would be closing my account in 10 days and sending me a cashiers check. I happened to be out of town when the letter was sent out so when I actually recieved the letter the account was closing the next day. Luckily I had no outstanding checks or any other issues w/the account which could have adversely affected my account or credit . I asked to be reimbursed for the cost of the checks I purchased which were now obviously of no value to me and to be paid the $50 for them choosing to terminate my account before the 6 month mark. Needless to say I rec'd nothing and was told they were w/in their rights to close my account because I refused to provide the required information--despite the fact that I had. Since when does a bank need to know where a person used to work and throwing 9/11 around to suit their needs is inexcusable!!!




Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Parkway Bank and Trust Company had $113.86 million in non-current loans and owned real-estate with $269.13 million in equity and loan loss allowances on hand to cover it. This gives Parkway Bank and Trust Company a Texas Ratio of 42.31% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Parkway Bank and Trust Company decreased dramatically from 66.29% as of March 31, 2013 to 42.31% as of March 31, 2014, resulting in a positive change of 36.18%.This indicates that the balance sheet and financial strength for Parkway Bank and Trust Company has improved dramatically in recent periods.

Deposit Growth


In the past year, Parkway Bank and Trust Company has increased its total deposits by $67.6 million, resulting in 4.06% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Parkway Bank and Trust Company has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Parkway Bank and Trust Company has $2.04 billion in assets with $269.13 million in equity, resulting in a capitalization level of 13.16%, which is excellent.

Institution Statistics

FDIC Certificate #19008
Year Established1964
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.04 billion
Loans$1.50 billion
Deposits$1.73 billion
Equity Capital$235.68 million
Loan Loss Allowance$33.45 million
Unbacked Noncurrent Loans$53.43 million
Real Estate Owned$60.44 million
Historic Data - March 2013
Assets$1.96 billion
Equity Capital$230.98 million
Loan Loss Allowance$39.14 million
Unbacked Noncurrent Loans$53.43 million
Real Estate Owned$66.84 million
Profit Margin - Quarterly
Net Interest Margin3.15%
Return on Assets0.34%
Return on Equity2.82%
Interest Income$16.25 million

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Parkway Bank and Trust Company Savings Account Rates


Parkway Bank and Trust Company Money Market Rates

0.35%$2m-Personal Preferred Money Market (PPMM)
0.35%$2m-Business Preferred Money Market (BPMM)

Parkway Bank and Trust Company Checking Account Rates

0.05%$1k-Now Account

Parkway Bank and Trust Company CD Rates

1.40%$1k-60 Month CD
1.10%$1k-48 Month CD
1.00%$1k-42 Month CD
0.90%$1k-36 Month CD
0.80%$1k-24 Month CD
0.80%$1k-30 Month CD
0.45%$1k-18 Month CD
0.35%$1k-12 Month CD
0.25%$1k-9 Month CD
0.20%$1k-6 Month CD
0.10%$1k-91 Day CD

Parkway Bank and Trust Company IRA Rates

1.40%$500-60 Month IRA
1.10%$500-48 Month IRA
1.00%$500-42 Month IRA
0.90%$500-36 Month IRA
0.80%$500-24 Month IRA
0.80%$500-30 Month IRA
0.45%$500-18 Month IRA
0.35%$500-12 Month IRA

Parkway Bank and Trust Company has 32 locations. Click to view all Parkway Bank and Trust Company locations.