Better Banks is headquartered in Peoria and is the 138th largest bank in the state of Illinois. It is also the 2,181st largest bank in the nation. It was established in 1898 and as of September of 2018, it had grown to 68 employees at 8 locations. Better Banks has an A health rating.
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Must Be Qualified To Sell
I tried to sell a rental property to an individual who was using Better Banks. Apparently it is policy to ask the seller for the sellers tax returns to see if the buyer is going to qualify to purchase the property. Even after being provided the traditional P&L, they still wanted information they weren't supposed to have. Very odd, beware!
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1808 |
| Year Established | 1898 |
| Employees | 68 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 8.73% |
| Annual Interest Income | $7.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $301.3MM$290.5MM |
| Loans | Q3 2018vs Q3 2017 | $198.6MM$185.6MM |
| Deposits | Q3 2018vs Q3 2017 | $274.2MM$263.8MM |
| Equity Capital | Q3 2018vs Q3 2017 | $24.7MM$25.5MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $1.5MM$1.5MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $249.00K$1.6MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $1.1MM$0 |
Always verify rates and promotions with the bank or credit union. We are not Better Banks; we are a rate comparison website and cannot provide official rates or promotions.
Better Banks Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.03% | $100 | - | Regular Savings |
Better Banks CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.16% | $1k | - | 19 Month CD Special | |
| 1.76% | $1k | - | 13 Month CD Special | |
| 0.70% | $1k | - | 7 Month CD Special |
| Better Banks Locations | ||
|---|---|---|
| Better Banks | 10225 North Knoxville Avenue | Peoria, IL 61615 |
| Bartonville Facility | 1204 West Garfield Avenue | Bartonville, IL 61607 |
| Farmers State Bank Branch | 122 West Broadway | Astoria, IL 61501 |
| Wyoming Bank & Trust Company - Branch | 200 West Williams Street | Wyoming, IL 61491 |
| Bartonville Bank Branch | 5600 South Adams Street | Bartonville, IL 61607 |
| Dunlap Branch | 201 North 2nd Street | Dunlap, IL 61525 |
| 900 North 4th Street Branch | 900 North Fourth Street | Chillicothe, IL 61523 |
| Morton Branch | 805 West Jackson Street | Morton, IL 61550 |