Town Center Bank (IL)
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.26% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 0.35% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.15% | Savings | 0.26% - National Average |
Town Center Bank (IL) is headquartered in Frankfort and is the 292nd largest bank in the state of Illinois. It is also the 4,083rd largest bank in the nation. It was established in 2006 and as of December of 2018, it had grown to 21 employees at 2 locations. Town Center Bank (IL)'s money market rates are 25% higher than the national average, and it has an A health rating.
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Great Bank
Always friendly and more than accommodating. Great small town feel in this bank.
This Bank Is Awful!!!
My parents had a business loan with Town Center Bank. They were forced to file bankruptcy with their business due to the economy, nothing surprising this day and age.
Well, since they personally guaranteed this loan they have been working on how to settle it for the past 11 months. My parents made a deal to pay back the Entire line of credit with the exception of the $20,000 the bank tacked on in interest. Even though they paid every month, until they stopped receiving monthly statements.
This bank even went so far as to freeze My bank account with a different bank solely because my mothers name was on it. I'm also about to lose my car since they are forcing my parents into bankruptcy personally and she co-signed for me.
To me, this is horrible. My parents have never Not paid anything they owed. Ever! They have a credit score in the 800s. They are hard-working, honest people and this bank is trying to take the last bit of everything they've worked for their entire lifes. It just makes me sick how they can treat people who are obviously willing to pay back everything they borrowed.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58214 |
| Year Established | 2006 |
| Employees | 21 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 4.64% |
| Annual Interest Income | $4.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $102.6MM$98.4MM |
| Loans | Q4 2018vs Q4 2017 | $73.1MM$67.2MM |
| Deposits | Q4 2018vs Q4 2017 | $89.3MM$85.4MM |
| Equity Capital | Q4 2018vs Q4 2017 | $10.1MM$9.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $879.00K$877.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $251.00K$265.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Town Center Bank (IL); 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.
Town Center Bank (IL) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Minor Statement Savings Account | |
| 0.15% | $250 | - | Personal Statement Savings Account | |
| 0.15% | $250 | - | Business Statement Savings Account |
Town Center Bank (IL) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55%* | $500k* | - | Personal Money Market Account | ||
| OTHER TIERS: 0.05% → $2.5k - $5k | 0.10% → $5k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | 0.35% → $100k - $500k | |||||
| 0.55%* | $500k* | - | Business Money Market Account | ||
| OTHER TIERS: 0.05% → $2.5k - $5k | 0.10% → $5k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | 0.35% → $100k - $500k | |||||
Town Center Bank (IL) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $50k* | - | Premier Interest Checking Account | ||
| OTHER TIERS: 0.10% → $10k - $25k | 0.15% → $25k - $50k | |||||
| 0.10% | $1k | - | Business Interest Checking Account | ||
| 0.10% | $1k | - | Free Interest Checking Account | ||
Town Center Bank (IL) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.26% | $1k | - | 60 Month CD | |
| 1.00% | $1k | - | 48 Month CD | |
| 0.85% | $1k | - | 36 Month CD | |
| 0.60% | $1k | - | 24 Month CD | |
| 0.50% | $1k | - | 18 Month CD | |
| 0.35% | $1k | - | 12 Month CD | |
| 0.20% | $1k | - | 9 Month CD | |
| 0.15% | $1k | - | 6 Month CD | |
| 0.10% | $1k | - | 3 Month CD |
Town Center Bank (IL) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.26% | $1k | - | 60 Month IRA | |
| 1.00% | $1k | - | 48 Month IRA | |
| 0.85% | $1k | - | 36 Month IRA | |
| 0.60% | $1k | - | 24 Month IRA | |
| 0.35% | $1k | - | 12 Month IRA |
| Town Center Bank (IL) Locations | ||
|---|---|---|
| New Lenox Branch | 1938 East Lincoln Highway, Suite 101 | New Lenox, IL 60451 |
| Town Center Bank | 20181 S Lagrange Road | Frankfort, IL 60423 |