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Town Center Bank (IL)

Popular Accounts at this Bank

1.26%5-year CD60 Month CD
0.35%1-year CD12 Month CD
0.15%SavingsPersonal Statement Savings Account

Overview / Commentary
20181 S Lagrange Road
Frankfort, IL 60423

Town Center Bank (IL) is headquartered in Frankfort and is the 315th largest bank in the state of Illinois. It is also the 4,377th largest bank in the nation. It was established in 2006 and as of June of 2016, it had grown to 19 employees at 2 locations. Town Center Bank (IL)'s money market rates are 25% higher than the national average, and it has a B+ health rating.

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Reviews (1)

This Bank Is Awful!!!

Posted by: bwillie610 | Oct 7, 2012

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. 


Health Grade Components

FDIC Certificate #58214
Year Established2006
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.92%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$102.6MM$105.2MM
LoansQ2 2016vs Q2 2015$55.0MM$59.7MM
DepositsQ2 2016vs Q2 2015$90.5MM$93.7MM
Equity CapitalQ2 2016vs Q2 2015$9.9MM$9.3MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.4MM$1.4MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$0$0
Real Estate OwnedQ2 2016vs Q2 2015$0$266.00K
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* 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

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

0.55%*$500k*-Personal Money Market Account
OTHER TIERS: 0.05% $2,500 - $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% $2,500 - $5k | 0.10% $5k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k | 0.35% $100k - $500k

Town Center Bank (IL) Checking Account Rates

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

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

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 Branch1938 East Lincoln Highway, Suite 101New Lenox, IL 60451
Town Center Bank20181 S Lagrange RoadFrankfort, IL 60423