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Town Center Bank (IL)


Overview / Commentary
www.towncenterbank.com
815-806-7001
20181 S Lagrange Road
Frankfort, IL 60423

Town Center Bank (IL) is headquartered in Frankfort and is the 272nd largest bank in the state of Illinois. It is also the 3,914th largest bank in the nation. It was established in 2006 and as of December of 2019, it had grown to 26 employees at 2 locations. Town Center Bank (IL)'s money market rates are 2X the national average, and it has an A health rating.

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Reviews (2)

Great Bank

Posted by: |

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

1

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. 

4


Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58214
Year Established2006
Employees26
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.18%
Return on Equity - YTD18.11%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$106.8MM$103.9MM
LoansQ4 2019vs Q4 2018$80.3MM$73.1MM
DepositsQ4 2019vs Q4 2018$87.1MM$89.3MM
Equity CapitalQ4 2019vs Q4 2018$14.2MM$11.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$848.00K$879.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$240.00K$251.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*$500k*-Personal Money Market Account
OTHER TIERS: 0.10% → $2.5k - $5k | 0.20% → $5k - $25k | 0.40% → $25k - $50k | 0.50% → $50k - $100k | 0.70% → $100k - $500k
1.01%*$500k*-Business Money Market Account
OTHER TIERS: 0.10% → $2.5k - $5k | 0.20% → $5k - $25k | 0.40% → $25k - $50k | 0.50% → $50k - $100k | 0.70% → $100k - $500k
1.01%*$25k*-Personal Platinum Money Market Promo
OTHER TIERS: 0.10% → $2.5k - $5k | 0.20% → $5k - $25k
1.01%*$25k*-Business Platinum Money Market Promo
OTHER TIERS: 0.10% → $2.5k - $5k | 0.20% → $5k - $25k

Town Center Bank (IL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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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