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Overview / Commentary
1601 North Lewis Avenue
Waukegan, IL 60085

NorStates Bank is headquartered in Waukegan and is the 87th largest bank in the state of Illinois. It is also the 1,400th largest bank in the nation. It was established in 1962 and as of June of 2016, it had grown to 120 employees at 8 locations. NorStates Bank has an A health rating.

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Reviews (2)

My Service With Norstate

Posted by: Anonymous | Dec 27, 2011

Norstate bank has provided the upmost service to me by offering high earning checking accounts, on line banking and friendly service. I decided to leave one of the big three about 4 years ago, and looked for a community bank. In the first 6 months with Norstates I earned more on my checking than I did in 3 years with Chase, and I held more $ with Chase. I just hope Norstate doesn't become a target of merger (as happens with many others). I would recommend this bank.

Fees For Using Account More Than 10 Times Per Quarter

Posted by: screwyou | Oct 21, 2015

My daughter deposited a check at the window into her savings account. She was charged a $5 fee. They have a policy that only 10 transactions may occur with the savings account in a quarter. She uses the savings account to store her paychecks. This was the first she had been charged such a fee. The teller kept lecturing her on how she needed to manage her account usage, although she had never been informed about this account.


Health Grade Components

FDIC Certificate #18626
Year Established1962
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD2.49%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$498.0MM$444.2MM
LoansQ2 2016vs Q2 2015$258.8MM$222.1MM
DepositsQ2 2016vs Q2 2015$412.2MM$384.0MM
Equity CapitalQ2 2016vs Q2 2015$65.3MM$42.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$5.4MM$7.8MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$3.5MM$11.0MM
Real Estate OwnedQ2 2016vs Q2 2015$10.3MM$16.3MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

NorStates Bank Savings Account Rates

0.05%$1k-Education Individual Retirement Account
0.05%$1k-Roth Individual Retirement Account
0.05%$1k-Traditional Individual Retirement Account
0.01%--Holiday Club Account
0.01%$100-Personal Savings
0.01%--Junior Savings

NorStates Bank Money Market Rates

0.05%--NorStates Money Market Account
0.05%--Business NorStates Money Market Account

NorStates Bank Checking Account Rates

2.02%*-$10kthinkINTEREST Checking
OTHER TIERS: 0.01% $50k - $250k | 0.50% $10k - $50k

NorStates Bank CD Rates

0.50%$1k-4 Year CD
0.50%$1k-Business 4 Year CD
0.50%$1k-5 Year CD
0.50%$1k-Business 5 Year CD
0.35%$1k-3 Year CD
0.35%$1k-Business 3 Year CD
0.25%$1k-2 Year CD
0.25%$1k-Business 2 Year CD
0.15%$1k-1 Year CD
0.15%$1k-Business 1 Year CD
0.10%$1k-180 Day CD
0.10%$1k-Business 180 Day CD
0.05%$1k-30 Day CD
0.05%$1k-90 Day CD
0.05%$1k-Business 30 Day CD
0.05%$1k-Business 90 Day CD

NorStates Bank IRA Rates

0.50%$1k-4 Year IRA
0.50%$1k-5 Year IRA
0.35%$1k-3 Year IRA
0.25%$1k-2 Year IRA
0.15%$1k-1 Year IRA

NorStates Bank Locations
Norstates Bank1601 North Lewis AvenueWaukegan, IL 60085
Cedar Lake Office Branch1777 North Cedar Lake RoadRound Lake, IL 60073
Madison At County Branch216 W. Madison St.Waukegan, IL 60085
Gurnee Branch5384 Grand AvenueGurnee, IL 60031
Winthrop Harbor Facility700 N Sheridan RdWinthrop Harbor, IL 60096
Goodnow BranchAvilon and Goodnow BoulevardsRound Lake, IL 60073
Westside FacilityGreenbay Road and Grand AvenueWaukegan, IL 60085
Antioch FacilityRoute 59 and Grass Lake RoadAntioch, IL 60002