Town Center Bank (IL)

Overview / Commentary
20181 S Lagrange Road
Frankfort, IL 60423

Town Center Bank (IL) is headquartered in Frankfort and is the 250th largest bank in the state of Illinois. It is also the 3,530th largest bank in the nation. It was established in 2006 and as of June of 2021, it had grown to 18 employees at 2 locations. Town Center Bank (IL)'s money market rates are 82% higher than the national average, and it has a B+ health rating.

Reviews (2)

Great Bank

Posted by: |

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

This Bank Is Awful!!!

Posted by: |

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 - YTD0.84%
Return on Equity - YTD8.43%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$152.1MM$160.9MM
LoansQ2 2021vs Q2 2020$112.5MM$119.2MM
DepositsQ2 2021vs Q2 2020$115.5MM$100.1MM
Equity CapitalQ2 2021vs Q2 2020$15.7MM$14.9MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.2MM$941.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$2.5MM$1.9MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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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

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

0.80%*$500k*-Personal Money Market Account
OTHER TIERS: 0.10% $2.5k - $5k | 0.20% $5k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k | 0.50% $100k - $500k
0.80%*$500k*-Business Money Market Account
OTHER TIERS: 0.10% $2.5k - $5k | 0.20% $5k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k | 0.50% $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

1.00%$1k-48 Month CD
1.00%$1k-60 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

1.00%$1k-48 Month IRA
1.00%$1k-60 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

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