Devon Bank

Overview / Commentary
6445 North Western Avenue
Chicago, IL 60645

Devon Bank is headquartered in Chicago and is the 96th largest bank in the state of Illinois. It is also the 1,753rd largest bank in the nation. It was established in 1945 and as of June of 2022, it had grown to 140 employees at 3 locations. Devon Bank has a B+ health rating.

Reviews (3)

Worst Experience!

Posted by: |

This is the worst bank I have EVER been too! Nobody helps, and everybody is so inhumane. They take your time, and money, AND on top of that break your heart over and over again. Horrible management ! If I could go back and work with another bank I would. Devon Bank is not worth it.

Working With Devon Bank = Pure Misery

Posted by: |

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: |

To sum Devon up in one word - POOR


Health Grade Components

FDIC Certificate #16249
Year Established1945
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD8.86%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$494.4MM$434.6MM
LoansQ2 2022vs Q2 2021$227.3MM$225.3MM
DepositsQ2 2022vs Q2 2021$391.2MM$325.6MM
Equity CapitalQ2 2022vs Q2 2021$28.9MM$29.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.0MM$5.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$645.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$618.00K

Rates for Devon Bank are currently being reviewed.


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.