State Bank of The Lakes is headquartered in Antioch and is the 38th largest bank in the state of Illinois. It is also the 634th largest bank in the nation. It was established in 1926 and as of June of 2019, it had grown to 93 employees at 9 locations. State Bank of The Lakes' savings rates are 3X the national average, and it has an A health rating.
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Unprofessional And Borderline Unethical
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5744 |
| Year Established | 1926 |
| Employees | 93 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 5.42% |
| Annual Interest Income | $23.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.27B$1.15B |
| Loans | Q2 2019vs Q2 2018 | $937.8MM$873.3MM |
| Deposits | Q2 2019vs Q2 2018 | $1.06B$968.7MM |
| Equity Capital | Q2 2019vs Q2 2018 | $168.7MM$154.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $7.5MM$4.0MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $10.4MM$3.3MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $404.00K$1.3MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.65% | $1k | - | MAX Savings - New Money (In Branch only) | |
| 0.10% | - | - | Passbook Savings | |
| 0.10% | - | - | Statement Savings |
State Bank of The Lakes Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $100k* | - | Money Market | ||
| OTHER TIERS: 0.05% → Up to $10k | 0.15% → $10k - $50k | 0.20% → $50k - $100k | |||||
State Bank of The Lakes Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01% | - | - | Access Plus Checking |
State Bank of The Lakes CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.61% | $1k | - | 18 Month Fixed Rate CD | |
| 1.36% | $1k | - | 12 Month Fixed Rate CD |
| 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 |