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Overview / Commentary
773-465-2500
6445 North Western Avenue
Chicago, IL 60645

Devon Bank is headquartered in Chicago and is the 156th largest bank in the state of Illinois. It is also the 2,486th largest bank in the nation. It was established in 1945 and as of June of 2016, it had grown to 93 employees at 8 locations. Devon Bank has a B health rating.

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Reviews (2)

Working With Devon Bank = Pure Misery

Posted by: ceomrman | Oct 28, 2014

There is one single nice thing about Devon Bank: their rates are low. I'm warning you, though, it's not worth it. Once you have a mortgage, you can't move it, not without a complete refinance. I would GLADLY pay another $1000 and half percent interest to work with a competent bank. Everything I've ever needed to do with Devon Bank has been pure misery.
First, our loan officer filled in our re-fi forms wrong, so I ended up correcting his work quite a bit. Not a few errors, either. There were five meaningful errors I bothered to note, at different times on different forms - wrong names entered, details of the property incorrect, all sorts of things like that. I should have taken that as a warning, but I was blinded by the low price.
I soon discovered that Devon Bank's website is garbage. I've never even been able to log in after years of trying. If you ever need to do anything else with them, good luck! They double billed me one month for my mortgage - that was an unpleasant surprise. Their homemade forms are a joke - shouldn't a bank proofread? Customer service today told me their computers are down (again) so they can't do anything. They sent me to voice mail, which is all they ever do, anyway, since they don't actually seem to know anything themselves. I've yet to have a voice mail returned.
I honestly would never have imagined that a real FDIC-insured bank could even be so awful to deal with. I thought people complaining about banks were just exaggerating and should have read the fine print, but wow, I was wrong. It's not that Devon Bank has hidden fees, it's that they're incompetent. I feel like the whole bank is high school dropouts or head trauma survivors or something. They are really bad at what they do and it's god-awful to have to deal with them.

Poor All Around

Posted by: delqunni | Jun 25, 2013

To sum Devon up in one word - POOR



Health
B

Health Grade Components

Overall
FDIC Certificate #16249
Year Established1945
Employees93
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD2.38%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$256.8MM$243.9MM
LoansQ2 2016vs Q2 2015$184.9MM$163.2MM
DepositsQ2 2016vs Q2 2015$230.3MM$221.8MM
Equity CapitalQ2 2016vs Q2 2015$21.3MM$19.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$2.8MM$3.2MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$4.7MM$7.0MM
Real Estate OwnedQ2 2016vs Q2 2015$1.6MM$2.1MM
Rates
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Devon Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$10k-36 Month New Money CD Special
0.70%$10k-7 Month New Money CD Special
Locations


Devon Bank Locations
Wheeling Branch561 North Milwaukee AvenueWheeling, IL 60090
Devon Bank6445 North Western AvenueChicago, IL 60645
Glenview Branch950 Milwaukee AvenueGlenview, IL 60025