The Federal Savings Bank

Overview / Commentary
4120 W Diversey Ave
Chicago, IL 60639

The Federal Savings Bank is headquartered in Chicago and is the 69th largest bank in the state of Illinois. It is also the 1,262nd largest bank in the nation. It was established in 2000 and as of June of 2022, it had grown to 1,373 employees at 2 locations. The Federal Savings Bank has a B+ health rating.

Reviews (3)

Fantastic Service - Repeat Customer

I had a fantastic experience with The Federal Savings Bank, back in April I started a refinance, and then just a few months back I started a construction loan with them. Both times, rates, and fees were lower, and the customer service has been excellent. Outside of a few delays from my builder, this was outside of the banks control. I appreciate their transparency, competitive nature, and their great staff who kept us up to date all the way through. Thanks for two smooth transactions.

Great Refinance Experience...No Hassle

We refinanced our home with The Federal Savings Bank...What a Great Experience. No runarounds just the truth. Had been referred by a friend and glad we went with them. They were upfront with everything in the beginning and said what they would do and did what they said. They worked really hard, most everything was online, very easy. Great Rate with no hassle and a short start to finish. We closed, payoff in two days, we took out a little for home repairs that was deposited in two days, and can't say enough how much I highly recommend. No Scams here or High cost for pulling out a little for repairs.

Waste Of Time

Posted by: |

I wasted an hour in an attempt to open a CD with this bank. They're incompetent and their website is for loans, not for purchasing CDs. If you want a CD they will mail you an application (SMH!).


Health Grade Components

FDIC Certificate #35518
Year Established2000
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD4.39%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$743.8MM$814.8MM
LoansQ2 2022vs Q2 2021$471.0MM$708.2MM
DepositsQ2 2022vs Q2 2021$537.5MM$608.7MM
Equity CapitalQ2 2022vs Q2 2021$158.7MM$149.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.4MM$2.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$5.2MM$4.1MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Sorry, we do not have rate data for The Federal Savings Bank.


The Federal Savings Bank Locations
The Federal Savings Bank4000 W Diversey AveChicago, IL 60639
Deerpath Branch664 N Western AveLake Forest, IL 60045

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