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First American Bank (IL)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.00%Reward CheckingEveryday Rewards Checking
0.75%1-year CD12-14 Month CD
0.15%SavingsEasy Savings Account

Overview / Commentary
847-952-3700
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 241st largest bank in the nation. It was established in 1901 and as of March of 2018, it had grown to 625 employees at 54 locations. First American Bank (IL)'s money market rates are 5X the national average, and it has an A health rating.

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Reviews (3)

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.

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

Health Grade Components

Overall
FDIC Certificate #3657
Year Established1901
Employees625
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD9.18%
Annual Interest Income$35.1MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$4.30B$3.81B
LoansQ1 2018vs Q1 2017$1.76B$1.37B
DepositsQ1 2018vs Q1 2017$2.85B$2.30B
Equity CapitalQ1 2018vs Q1 2017$372.5MM$351.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$21.1MM$20.6MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$20.6MM$11.3MM
Real Estate OwnedQ1 2018vs Q1 2017$762.00K$473.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

First American Bank (IL) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$100k*-HSA SavingsPLUS Account
OTHER TIERS: 0.20% Up to $10k | 0.40% $1k - $5k | 0.75% $5k - $50k | 1.15% $50k - $100k
0.65%*$100k*$1mHealth Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.15% $1k - $5k | 0.40% $5k - $50k | 0.55% $50k - $100k
0.15%--Easy Savings Account

First American Bank (IL) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$15k-Optimal Money Market Special - In Branch (New Money)
1.25%*$250k*-Optimal Money Market Account
OTHER TIERS: 0.20% $1k - $5k | 0.25% $5k - $25k | 0.55% $25k - $50k | 0.65% $50k - $250k

First American Bank (IL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$15kEveryday Rewards Checking
OTHER TIERS: 0.21% $15k+
0.65%*$250k*-Optimal Checking Account
OTHER TIERS: 0.15% $1k - $5k | 0.20% $5k - $25k | 0.45% $25k - $50k | 0.55% $50k - $250k

First American Bank (IL) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$5k-20 Month CD Special
2.15%$5k-14 Month CD Special
1.70%$5k-7 Month CD Special
0.75%$5k-12-14 Month CD
0.40%$5k-6-8 Month CD
0.25%$5k-3-5 Month CD
Locations

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