First Savings Bank of Hegewisch

Overview / Commentary
13220 South Baltimore Avenue
Chicago, IL 60633

First Savings Bank of Hegewisch is headquartered in CHICAGO and is the 63rd largest bank in the state of Illinois. It is also the 1,201st largest bank in the nation. It was established in 1914 and as of September of 2023, it had grown to 105 employees at 14 locations. First Savings Bank of Hegewisch has an A health rating.

Reviews (1)

1960S Banking At Its Worst

Posted by: |

It’s a small neighborhood bank.

Pros - most of the employees know you and will go out of their way to help.

Cons - Welcome to 1960s banking
If you have a problem with a purchase they don’t have your back, the retailer is always right
They may not allow you to take money out of your account
They may not allow you to deposit money in your account

I can’t say if there are racist ideologies at the Lynwood location or not but after 30 years of banking there I was not allowed to deposit a $1400 personal check drawn from my other bank and was told I would have to open a savings account to make the deposit & no one capable of making the savings account was at work.

When I contacted the bank they lied about what had transpired. I am closing my account.


Health Grade Components

FDIC Certificate #29809
Year Established1914
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD1.86%
Annual Interest Income$18.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$798MM$793.1MM
LoansQ3 2023vs Q3 2022$400.4MM$414.9MM
DepositsQ3 2023vs Q3 2022$678.2MM$675.3MM
Equity CapitalQ3 2023vs Q3 2022$117.8MM$115.3MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2.2MM$1.9MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$243K$182K
Real Estate OwnedQ3 2023vs Q3 2022$0$75K

Rates for First Savings Bank of Hegewisch are currently being reviewed.



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