State Bank of The Lakes

Overview / Commentary
440 Lake Street
Antioch, IL 60002

State Bank of The Lakes is headquartered in Antioch and is the 37th largest bank in the state of Illinois. It is also the 613th largest bank in the nation. It was established in 1926 and as of December of 2019, it had grown to 90 employees at 9 locations. State Bank of The Lakes' CD rates are 18% higher than the national average, and it has an A health rating.

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Reviews (1)

Unprofessional And Borderline Unethical

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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.


Health Grade Components

FDIC Certificate #5744
Year Established1926
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD6.73%
Annual Interest Income$48.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.34B$1.22B
LoansQ4 2019vs Q4 2018$970.2MM$889.2MM
DepositsQ4 2019vs Q4 2018$1.11B$1.03B
Equity CapitalQ4 2019vs Q4 2018$176.3MM$161.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$7.2MM$4.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$10.6MM$3.3MM
Real Estate OwnedQ4 2019vs Q4 2018$698.00K$657.00K
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Always verify rates and promotions with the bank or credit union. We are not State Bank of The Lakes; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Bank of The Lakes Savings Account Rates

0.02%--Passbook Savings
0.02%--Statement Savings

State Bank of The Lakes Money Market Rates

0.05%*$50k*-Money Market
OTHER TIERS: 0.02% Up to $10k | 0.03% $10k - $50k

State Bank of The Lakes Checking Account Rates

0.01%--Access Plus Checking

State Bank of The Lakes CD Rates

1.06%$1k-12 Month Fixed Rate CD
1.06%$1k-18 Month Fixed Rate CD

State Bank of The Lakes Locations
Spring Grove Branch1906 Holian DriveSpring Grove, IL 60081
Lindenhurst Branch2031 East Grand AvenueLindenhurst, IL 60046
South Milwaukee Branch345 South Milwaukee AvenueLake Villa, IL 60046
State Bank Of The Lakes440 Lake StreetAntioch, IL 60002
Grayslake Branch50 Commerce DriveGrayslake, IL 60030
Round Lake Beech Branch10 East Rollins RoadRound Lake Beach, IL 60073
Kenosha Branch8700 75th StreetKenosha, WI 53142
Genoa City Branch235 Freeman StreetGenoa City, WI 53128
Kenosha 39th Ave Branch8056 39th AvenueKenosha, WI 53144

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