Republic Bank of Chicago is headquartered in Oak Brook and is the 22nd largest bank in the state of Illinois. It is also the 452nd largest bank in the nation. It was established in 1964 and as of June of 2022, it had grown to 257 employees at 19 locations. Republic Bank of Chicago's money market rates are 6X the national average, and it has a B+ health rating.
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8/25 - Republic Bank of Chicago Unveils Digital Money Market In 46 States
8/13 - 2.26% Digital Money Market
6/20 - 9 Month CD At 1.67% Apy
8/30/17 - Republic Bank (Chicago) Adds 19-Month CD Special
8/21/17 - 1.80% 19-Month CD Special - Chicagoland
3/12/17 - 1.15% 13-Month CD Special - Chicagoland
5/22/14 - Special 2-Year CD at Republic Bank of Chicago - Local Only
10/4/09 - 2.50% 18-Month CD & 2.25% Money Market Account at AztecAmerica Bank in Chicago - Local Only
6/7/09 - 2.50% 16-Month CD at Republic Bank of Chicago - Local Only
6/5/09 - 37th Bank Failure of 2009
10/14/08 - 4.44% 13-Month CD at Republic Bank in Illinois
6/24/07 - 6% 11-Month CD at an Illinois Bank (Republic Bank of Chicago)
Nicest Bank
I have been going to this Bank in Lincolnwood since 1967 when it was called Bank Of Lincolnwood & continued on after Republic Bank took over in 2008. I want to say that these are the nicest people who work at this Bank, & always have time to take care of their customers. Always pleasant & helpful. The best in customer service. U really feel good ?? that there are such caring people. I live now in Park Ridge, about 5 miles away, & while I wish they were closer for convenience, have no problem making the trip to this branch. Open an account & stick with them. U will be happy.
What A Mess
I recently opened a new account from a webpage ad for this bank as they have a good interest rate. I called and spoke to several people in Chicago and they couldn't have been nicer, answered my questions, and were so nice made me want to visit Chicago! Then the microdeposits when through and I clicked on the link in the email they sent to open the account. Using the activation code, etc provided, it said "no such code exists" and other error messages. I tried refreshing the browser, etc etc and nothing worked. Then the problem started. I called and spoke to a woman who had no idea what I was talking about. She said she was in the online banking dept. but she was no help at all, and I was very courteous and patient as it's not her fault she's not properly trained. So I tried a different person and lady #2 was the first person I ran into that wasn't very nice. She also couldn't help me. I remained calm and courteous and ended up with a dial tone, the signal a cust ser rep gives you when they can't help you and they just give up, or if you are rude they hang up on you. So I tried lady #3 and she was GREAT. She said YOU ARE NOT THE FIRST CALL ON THIS, WE'VE GOTTEN OTHER CALLS ON THIS, WE KNOW WE HAVE A PROBLEM AND WE'VE SENT NOTES TO MARKETING TO GET THEM TO FIX IT FOR SOMETIME. Great. So they want me to trust them with my money online with no local branch for me to go to as I live in Idaho, and they can't even figure out how to establish new accounts without a big huge mess and numerous phone calls to poorly trained employees. Thank God I was able to finally get through to a rep who knew WTF she was doing. What a mess. I'm a senior citizen disabled veteran and frankly I don't need this stress in my life.
Horrible Service And Horrible Republic Bank Of Berkeley IL
this bank is horrid! they are flat out liars and dont follow through with things, my husband went in there to deposit a check and they wouldnt let him, i am living out of state from him so they told him to have me sign it and they will deposit it! it was endorsed and they told him when he was there they would do it as soon as i signed it! well i did so and sent it to my husband for it to be deposited they refused to do it! it was a tax check, which means that there was no way for it to not be good! weve done it before and now all of a sudden they cant! which is flat out ridiculous! my husband and i have always done this and we were treated very badly by them! Their rates are terrible and you dont save with them! someone who wasnt even the manager was snooty to us so we are done with these liars!
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19333 |
| Year Established | 1964 |
| Employees | 257 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.45% |
| Return on Equity - YTD | 13.83% |
| Annual Interest Income | $41.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $2.43B$2.60B |
| Loans | Q2 2022vs Q2 2021 | $1.47B$1.46B |
| Deposits | Q2 2022vs Q2 2021 | $2.11B$2.19B |
| Equity Capital | Q2 2022vs Q2 2021 | $253.7MM$253.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $22.3MM$24.7MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $16.5MM$23.9MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $7.8MM$9.6MM |
