State Bank of The Lakes is headquartered in Antioch and is the 44th largest bank in the state of Illinois. It is also the 711th largest bank in the nation. It was established in 1926 and as of March of 2016, it had grown to 111 employees at 9 locations. State Bank of The Lakes has an A+ health rating.
I recently attended a networking event in which there were representatives from this bank along with several other banks from the community. I happened to observe some of the other banks passing out business cards and networking, which was the entire purpose of the event. When one of the other banks approached the representative from State Bank of the Lakes, the woman from State Bank of the Lakes was so unbelievably rude and insulted the other banks saying they didn't deserve to be there and said they shouldn't bother coming back.
I couldn't believe what I saw. While this bank has been a staple in the Antioch community for years, I can see they are threatened by other banks that have come into the area. Their rates may be nice, but their service, professionalism and ability to meet the needs of their customers is nothing compared to their competitors.
In my opinion this bank feels that they deserve your business just because they have been in town longest and take their customers for granted. I would consider using other banks in town that reward you for your business and take customer service to a much higher level.
|FDIC Certificate #||5744|
|Return on Assets - YTD||0.77%|
|Return on Equity - YTD||5.89%|
|Annual Interest Income||$7.5MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$1.02B$923.6MM|
|Loans||Q1 2016vs Q1 2015||$709.5MM$644.4MM|
|Deposits||Q1 2016vs Q1 2015||$803.2MM$734.5MM|
|Equity Capital||Q1 2016vs Q1 2015||$134.4MM$127.4MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$3.2MM$3.2MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$3.0MM$4.9MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$214.00K$34.00K|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|OTHER TIERS: 0.10% → $10k+|
|State Bank of The Lakes Locations|
|Spring Grove Branch||1906 Holian Drive||Spring Grove, IL 60081|
|Lindenhurst Branch||2031 East Grand Avenue||Lindenhurst, IL 60046|
|South Milwaukee Branch||345 South Milwaukee Avenue||Lake Villa, IL 60046|
|State Bank Of The Lakes||440 Lake Street||Antioch, IL 60002|
|Grayslake Branch||50 Commerce Drive||Grayslake, IL 60030|
|Round Lake Beech Branch||10 East Rollins Road||Round Lake Beach, IL 60073|
|Kenosha Branch||8700 75th Street||Kenosha, WI 53142|
|Genoa City Branch||235 Freeman Street||Genoa City, WI 53128|
|Kenosha 39th Ave Branch||8056 39th Avenue||Kenosha, WI 53144|