Town Center Bank (IL)

Overview / Commentary
20181 S Lagrange Road
Frankfort, IL 60423

Town Center Bank (IL) is headquartered in FRANKFORT and is the 247th largest bank in the state of Illinois. It is also the 3,522nd largest bank in the nation. It was established in 2006 and as of September of 2023, it had grown to 26 employees at 2 locations. Town Center Bank (IL) 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 - YTD0.75%
Return on Equity - YTD6.13%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$137.6MM$154MM
LoansQ3 2023vs Q3 2022$108.4MM$85MM
DepositsQ3 2023vs Q3 2022$100.3MM$137.8MM
Equity CapitalQ3 2023vs Q3 2022$16.4MM$15.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.3MM$1.2MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$33K$198K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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Town Center Bank (IL) CD Rates

5.00%$1k-9 Month CD - New Money

Town Center Bank (IL) Locations
New Lenox Branch1938 E Lincoln HwyNew Lenox, IL 60451
Town Center Bank20181 S Lagrange RdFrankfort, IL 60423

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