First American Bank (IL)

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

First American Bank (IL) is headquartered in Elk Grove Villag and is the 10th largest bank in the state of Illinois. It is also the 253rd largest bank in the nation. It was established in 1901 and as of June of 2019, it had grown to 714 employees at 54 locations. First American Bank (IL) has an A health rating.

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Reviews (4)

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.

First American Bank

Posted by: stevfoulk | Jun 9, 2019

I rue the day I started banking with this company. I started with a mortgage where in the fine print I had agreed to a 5% penalty for early closure, even for selling the property. This worked out to a more than $25,000 charge when I sold it. I had opened a money market account also with a $10,000 initial deposit. I had not noticed a $14.95 service fee in the opening documents for accounts balances below $5,000. After several years I with no activity I withdrew $6,000. Without any notice to me the $14.95 service fee kicked in. This meant I was paying them about $14 (after the less than $1 interest they were paying me) for them to guard the $4,000 remaining. This bank's fees are rapacious. Stay clear of them.

Very Disgruntled HSA Account Holder

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.


Health Grade Components

FDIC Certificate #3657
Year Established1901
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD10.17%
Annual Interest Income$95.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$4.29B$4.58B
LoansQ2 2019vs Q2 2018$1.83B$1.78B
DepositsQ2 2019vs Q2 2018$3.59B$3.03B
Equity CapitalQ2 2019vs Q2 2018$414.6MM$377.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$20.8MM$21.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$25.8MM$21.8MM
Real Estate OwnedQ2 2019vs Q2 2018$933.00K$604.00K

Rates for First American Bank (IL) are currently being reviewed.



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