Standard Bank and Trust Co. is headquartered in Hickory Hills and is the 16st largest bank in the state of Illinois. It is also the 332nd largest bank in the nation. It was established in 1947 and as of September of 2013, it had grown to 541 employees at 41 locations. Standard Bank and Trust Co. has a B health rating.
overall this bank has provided probably one of the worst experiences all around as far as starting an account
the online application is not really much of one. it just prods you for the fields on their standard paper applicatoin, prefills them, and then you have to mail it in. you have no account until it is received and acted upon...
that is a further problem as the bank didn't seem to bother with my application, no phone call, no email, nothing
so i call the 800 number and nobody seems to have any clue; i wait on hold for 20 minutes as i bounce around operators. i provide a confirmation code i received from the online application process and nobody seems to know what that code means or does. one rep says my information is not in their system, another easily finds me and provides details of my app. i finally get referred to a specific person, but of course that person never answers the phone in several days of calls. after finally reaching them, i get told to reapply, even though they have my information. the two customer service reps i speak to are actually quite rude, one i can hear flipping through a binder to find some excuse for all the mistakes and inactions on their end.
i finally ask to just have my information removed form their system and i'm denied, so now i'll get spammed with eventual cold calls. i sorta have an account with no accounts ;(
the web site is mediocre, late to the game and mostly a bundle of third party apps; other small banks are like that too though.
there is probably something to say about their Local rules; while i did qualify for, but i don't live close to a branch and being a small bank not concerned with customer service, they'll let rate chasers and small fish flounder to go after the big fee generators. they won't open an account without a return phone call to hard sell you on other products or a branch visit.
bankrate is not very bullish on them, so maybe it is better than not; would like to have my wasted time back.
the fine print has an early termination fee for account closings, and the phone reps mention more restrictions not mentioned in the fine print. i asked for a physical reference to their claims but none is provided.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Standard Bank and Trust Co. had $69.06 million in non-current loans and owned real-estate with $295.77 million in equity and loan loss allowances on hand to cover it. This gives Standard Bank and Trust Co. a Texas Ratio of 23.35% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Standard Bank and Trust Co. decreased slightly from 30.40% as of September 30, 2012 to 23.35% as of September 30, 2013, resulting in a positive change of 23.19%.This indicates that the balance sheet and financial strength for Standard Bank and Trust Co. has improved slightly in recent periods.
In the past year, Standard Bank and Trust Co. has decreased its total deposits by -$7.27 million, resulting in -0.38% 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 Standard Bank and Trust Co. has shown is average.
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. Standard Bank and Trust Co. has $2.15 billion in assets with $295.77 million in equity, resulting in a capitalization level of 13.73%, which is excellent.
|FDIC Certificate #||16606|
|Assets and Liabilities|
|Equity Capital||$245.21 million|
|Loan Loss Allowance||$50.56 million|
|Unbacked Noncurrent Loans||$53.79 million|
|Real Estate Owned||$15.27 million|
|Historic Data - September 2012|
|Equity Capital||$224.10 million|
|Loan Loss Allowance||$46.14 million|
|Unbacked Noncurrent Loans||$53.79 million|
|Real Estate Owned||$19.85 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.68%|
|Return on Assets||-1.43%|
|Return on Equity||-13.04%|
|Interest Income||$57.78 million|
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|0.30%||$100||-||Health Savings Account|
|0.20%||$100k||-||Business Premium Savings|
|0.05%||-||-||My Green Savings|
|0.05%||-||-||Passbook Kids Club|
|0.05%||-||-||Standard Kids Club|
|0.15%||$100k||-||Business Money Market|
|0.15%||$100k||-||Simply Money Market|
|2.01%||-||$15k||My Green Checking|
|0.03%||-||-||My Green Checking|
|1.01%||$1k||$100k||60 Month CD|
|0.61%||$1k||$100k||48 - 59 Month CD|
|0.51%||$1k||$100k||36 - 47 Month CD|
|0.36%||$1k||$100k||24 - 35 Month CD|
|0.26%||$1k||$100k||18 - 23 Month CD|
|0.20%||$1k||$100k||12 - 17 Month CD|
|0.10%||$1k||$100k||6 - 11 Month CD|
|0.07%||$1k||$100k||3 - 5 Month CD|
|1.01%||$100||$100k||60 Month IRA|
|0.61%||$100||$100k||48 - 59 Month IRA|
|0.51%||$100||$100k||36 - 47 Month IRA|
|0.36%||$100||$100k||24 - 35 Month IRA|
|0.31%||$100||-||18 Month Variable IRA|
|0.26%||$100||$100k||18 - 23 Month IRA|
|0.20%||$100||$100k||12 - 17 Month IRA|
|0.10%||$100||$100k||6 - 11 Month IRA|
|0.07%||$100||$100k||3 - 5 Month IRA|