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Overview / Commentary
217-529-5555
3400 West Wabash
Springfield, IL 62711

Bank of Springfield is headquartered in Springfield and is the 50th largest bank in the state of Illinois. It is also the 815th largest bank in the nation. It was established in 1965 and as of March of 2016, it had grown to 221 employees at 12 locations. Bank of Springfield has a B+ health rating.

Reviews (1)

Do NOT Put Your Money Here

Bank of Springfield WAS a great bank until October 2011.  At that time they changed their online accounting software and the new program is terrible. It is difficult to use...not just for customers, but for employees, too. In two months, I experienced TWO deposit errors.  (previous 12 years...none). In spite of the tremendous hassle, I will be switching banks. 



Health
B+

Health Grade Components

Overall
FDIC Certificate #19506
Year Established1965
Employees221
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6.93%
Annual Interest Income$8.3MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$891.2MM$841.0MM
LoansQ1 2016vs Q1 2015$739.6MM$686.4MM
DepositsQ1 2016vs Q1 2015$776.3MM$725.0MM
Equity CapitalQ1 2016vs Q1 2015$75.6MM$69.7MM
Loan Loss AllowanceQ1 2016vs Q1 2015$8.2MM$7.3MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$8.0MM$10.2MM
Real Estate OwnedQ1 2016vs Q1 2015$1.3MM$4.9MM
Rates
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Bank of Springfield CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$1k-5 Years CD
1.06%$1k-42 Months CD
1.02%$1k-4 Years CD
0.81%$1k-3 Years CD
0.56%$1k-2 Years CD
0.56%$1k-2 Years Rising Rate CD
0.41%$1k-18 Months CD
0.36%$10k-15 Months Flex CD
0.31%$1k-12 Months CD
0.16%$1k-6 Months CD
0.11%$1k-3 Months CD

Bank of Springfield IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$250-3 Years Passbook TDOA
0.81%$2k-3 Years IRA
0.81%$2k-5 Years IRA
0.56%$2k-2 Years IRA
0.41%$2k-18 Months IRA
0.31%$2k-12 Months IRA
0.16%$2k-6 Months IRA
Locations

Bank of Springfield has 12 locations. Click to view all Bank of Springfield locations.