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First American Bank (IL)

Popular Accounts at this Bank

1.00%Reward CheckingEveryday Rewards Checking
1.00%5-year CD60+ Month CD
0.20%1-year CD12-14 Month CD

Overview / Commentary
700 Busse Rd
Elk Grove Village, IL 60007

First American Bank (IL) is headquartered in Elk Grove Villag and is the 9th largest bank in the state of Illinois. It is also the 267th largest bank in the nation. It was established in 1901 and as of March of 2016, it had grown to 565 employees at 51 locations. First American Bank (IL) has a B+ health rating.

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Reviews (2)

This Should Be Your Next Bank!

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!

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

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.


Health Grade Components

FDIC Certificate #3657
Year Established1901
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD9.46%
Annual Interest Income$24.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$3.39B$3.51B
LoansQ1 2016vs Q1 2015$1.27B$1.26B
DepositsQ1 2016vs Q1 2015$2.35B$2.44B
Equity CapitalQ1 2016vs Q1 2015$322.6MM$322.8MM
Loan Loss AllowanceQ1 2016vs Q1 2015$30.0MM$31.4MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$12.8MM$14.9MM
Real Estate OwnedQ1 2016vs Q1 2015$11.1MM$12.2MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First American Bank (IL) Savings Account Rates

0.18%*$100k*$1mHealth Savings Account
OTHER TIERS: 0.01% Up to $1k | 0.05% $1k - $5k | 0.10% $5k - $50k | 0.13% $50k - $100k
0.03%--Easy Savings Account

First American Bank (IL) Money Market Rates

0.20%*$250k*-Optimal Return Money Market Account
OTHER TIERS: 0.03% $1k - $5k | 0.06% $5k - $25k | 0.10% $25k - $50k | 0.15% $50k - $250k

First American Bank (IL) Checking Account Rates

1.00%*-$15kEveryday Rewards Checking
OTHER TIERS: 0.13% $15k+
0.15%*$250k*-Optimal Checking Account
OTHER TIERS: 0.03% $1k - $5k | 0.05% $5k - $25k | 0.07% $25k - $50k | 0.10% $50k - $250k

First American Bank (IL) CD Rates

1.00%$1k-60+ Month Relationship CD
1.00%$5k-60+ Month CD
0.55%$1k-48-59 Month Relationship CD
0.55%$5k-48-59 Month CD
0.40%$1k-36-47 Month Relationship CD
0.40%$5k-36-47 Month CD
0.30%$1k-24-35 Month Relationship CD
0.30%$5k-24-35 Month CD
0.25%$1k-15-17 Month Relationship CD
0.25%$1k-18-23 Month Relationship CD
0.25%$5k-15-17 Month CD
0.25%$5k-18-23 Month CD
0.20%$1k-12-14 Month Relationship CD
0.20%$5k-12-14 Month CD
0.15%$1k-9-11 Month Relationship CD
0.15%$5k-9-11 Month CD
0.10%$1k-6-8 Month Relationship CD
0.10%$5k-6-8 Month CD
0.05%$1k-3-5 Month Relationship CD
0.05%$5k-3-5 Month CD

First American Bank (IL) has 50 locations. Click to view all First American Bank (IL) locations.