Town Center Bank (IL)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.26%	5-year CD	60 Month CD 2.03% - National Average
0.35%	1-year CD	12 Month CD 2.45% - Synchrony Bank 12 Month CD
0.15%	Savings	Personal Statement Savings Account 1.80% - American Express National Bank High Yield Savings Account

View all Town Center Bank (IL) rates »

Overview / Commentary

www.towncenterbank.net

815-806-7001

20181 S Lagrange Road
Frankfort, IL 60423

Town Center Bank (IL) is headquartered in Frankfort and is the 306^th largest bank in the state of Illinois. It is also the 4,198^th largest bank in the nation. It was established in 2006 and as of June of 2018, it had grown to 22 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.

Great Bank

Posted by: wrigcub | May 30, 2017

Always friendly and more than accommodating. Great small town feel in this bank.

Comment

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.

Comment

4

Health

B+

Data as of Q2 2018

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Town Center Bank (IL) has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	58214
Year Established	2006
Employees	22
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.55%
Return on Equity - YTD	5.5%
Annual Interest Income	$2.2MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$98.3MM$101.6MM
Loans	Q2 2018vs Q2 2017	$71.7MM$63.9MM
Deposits	Q2 2018vs Q2 2017	$85.5MM$88.3MM
Equity Capital	Q2 2018vs Q2 2017	$9.7MM$10.1MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$858.00K$854.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$49.00K$348.00K
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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.