Bank of Springfield


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

Bank of Springfield is headquartered in Springfield and is the 48th largest bank in the state of Illinois. It is also the 772nd largest bank in the nation. It was established in 1965 and as of June of 2020, it had grown to 295 employees at 13 locations. Bank of Springfield has a B health rating.

Reviews (2)

Deceitful Crooks

Posted by: |

I lost my debit card twice in one year and without notifying me or sending me a letter they blocked and froze my account yet kept accepting my direct deposits I did not find out they had any block on my account until 8 checks got returned I am Consulting a lawyer because of them I owe $350 worth of fees

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

Health Grade Components

Overall
FDIC Certificate #19506
Year Established1965
Employees295
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD8.87%
Annual Interest Income$22.7MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.20B$1.03B
LoansQ2 2020vs Q2 2019$967.7MM$851.6MM
DepositsQ2 2020vs Q2 2019$991.8MM$862.3MM
Equity CapitalQ2 2020vs Q2 2019$102.1MM$95.3MM
Loan Loss AllowanceQ2 2020vs Q2 2019$10.8MM$9.3MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$27.9MM$28.9MM
Real Estate OwnedQ2 2020vs Q2 2019$7.5MM$7.9MM
Rates
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Bank of Springfield CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$1k-5 Year CD
1.06%$1k-42 Month CD
1.02%$1k-4 Year CD
0.81%$1k-3 Year CD
0.65%$1k-2 Year CD
0.56%$1k-2 Year Rising Rate CD
0.41%$1k-18 Month CD
0.36%$10k-15 Month Flex CD
0.31%$1k-12 Month CD
0.16%$1k-6 Month CD
0.11%$1k-3 Month CD
Locations

Availability



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