First American Bank (IL)

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.00%	Reward Checking	Everyday Rewards Checking 1.84% - National Average
0.20%	1-year CD	12-14 Month CD 1.45% - CIT Bank 11-Month No-Penalty CD
0.10%	Savings	Easy Savings Account 1.20% - Synchrony Bank High Yield Savings

View all First American Bank (IL) rates »

Overview / Commentary

www.firstambank.com

847-228-9300

700 Busse Rd
Elk Grove Village, IL 60007

First American Bank (IL) is headquartered in Elk Grove Villag and is the 9^th largest bank in the state of Illinois. It is also the 259^th largest bank in the nation. It was established in 1901 and as of June of 2017, it had grown to 608 employees at 51 locations. First American Bank (IL) has an A health rating.

This Should Be Your Next Bank!

Posted by: Jenny Wasielewski | Jul 29, 2016

This is the best bank I have ever dealt with. They have the most wonderful customer service people in the industry. They have helped me deal with all of my financial matters in a friendly and professional manner. I had a no headache time when calling to have charges removed from my debit card. I would recommend this bank! Free checking and competitive fees are also a couple more reasons to consider First American Bank. For me, it's all about the superior customer service!

Comment

2

All My Dealings With First American Bank Have Been Positive, Staff Is Helpful And Responsive.

Posted by: JohnSimpson | Jul 16, 2012

I am a long-distance customer, so I haven't visited a branch. Website is easy to use, quick to access and seems secure (uses multiple security features). I only had one problem and it was quickly rectified. Special requests have been cheerfully and promptly handled.

Comment

5

Very Disgruntled HSA Account Holder

Posted by: ScottRenaud | Dec 10, 2016

I've had an HSA account with them for about 5 years. I've used their ATM card and online banking. Tonight I try to access my account for a transfer and I'm denied because I won't sign an online agreement. This is not an informative agreement, it has stipulations I now have to agree to in order to access my funds. They have my money and want to change the conditions of the agreement they have with my company that uses them for the HSA. They are unbelievably crooked. I doubt that it is even legal and they are denying access to my funds. Stay away.

Comment

2

Health

A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	3657
Year Established	1901
Employees	608
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.95%
Return on Equity - YTD	10.25%
Annual Interest Income	$56.3MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$3.85B$3.47B
Loans	Q2 2017vs Q2 2016	$1.43B$1.30B
Deposits	Q2 2017vs Q2 2016	$2.40B$2.39B
Equity Capital	Q2 2017vs Q2 2016	$367.5MM$347.5MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$20.4MM$29.8MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$11.0MM$20.9MM
Real Estate Owned	Q2 2017vs Q2 2016	$525.00K$588.00K

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