Merged/Acquired

State Farm Bank


Overview / Commentary
877-734-2265
One State Farm Plaza E-6
Bloomington, IL 61710

State Farm Bank is no longer doing business under that name because it has been merged or acquired. See the successor institution US Bank.

Related Posts

State Farm Bank Selling Deposit Accounts To U.S. Bank - 3/12/2020

Heads up. SFB is selling its deposit account portfolio to U.S. Bank. The announcement seems purposefully vague as to whether the "fine print" terms and conditions of SFB CDs will still apply, most importantly, those regarding IRA CDs. As long-term readers of DA are aware, one major perquisite of SFB IRA CDs was their "no EWP for partial withdrawals" from IRA CDs. In effect, this gave SFB IRA CD holders the benefit of long-term IRA CD rates with the liquidity of money market accounts. The rather vague waffle words of SFB's announcement (both on its website and in a recent mailing) cast some doubt on whether the perquisite will continue. As my relatively tasty IRA CDs do not mature until 2024, and I plan no partial withdrawals in any event, it is but academic for me. However, folks contemplating renewing or buying IRA CDs at SFB might want to consider.

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Reviews (32)

Great Online Bank

Great bank...the pocket agent is a great app...I just snap a picture of the check and hit send and the deposit is ready the next day...never have to go to a bank again....I had one issue with my account one time and customer service was excellent in resolving it

State Farm Bank Transition To US Bank Transition

Posted by: |

Latest update on transition can be read at usbank.com/statefarm. The most important information to me is this: "If you have State Farm Bank CDs with a fixed interest rate, your interest rate and maturity will stay the same until your certificate matures. We'll provide more information about CDs later this year."

One of the best and most convenient ways to Bank

Posted by: |

When I was looking for a bank my first priority was the convenience. State Farm Bank offers me just that. I can access my account and my money whenever and wherever in just few clicks. I love their website , because it is very simple and you can find what you need immediately. Their customer service is very reliable and knowledgeable. I feel secure banking with a company that offers so much to its clients. I chose State Farm because they have been in this business for many years and I think they know exactly what their clients need and want. I was able to open an account with them with just $25 so this makes it very affordable for many people.

Displeased Former Customer

Due to State Farm Banks neglect in handling our money, I'm going to do my best to divert $250,000.00 from ever going to this institution and when the $65,000.00 they have matures, I'm going to try to move it out of this bank. This bank does NOT do their job and they take no blame. The 877 number blames the agent, but then they say as of 04/01/2017, the agent can no longer talk to me about IRA's. (The agent is unresponsive!) SO... State Farm Bank... who is doing what? Apparently NO ONE at State Farm Bank is doing anything!

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Health

We do not have health information for State Farm Bank, because it is no longer an operational bank.

Rates

Sorry, we do not have rate data for State Farm Bank.

Locations

Sorry, but we do not have location data for State Farm Bank. Its headquarters is located at One State Farm Plaza E-6 - Bloomington, IL 61710

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