TrustBank

Overview / Commentary

www.trustbank.net

618-395-4311

600 East Main Street
Olney, IL 62450

TrustBank is headquartered in Olney and is the 112^th largest bank in the state of Illinois. It is also the 1,974^th largest bank in the nation. It was established in 1912 and as of June of 2022, it had grown to 83 employees at 7 locations. TrustBank's money market rates are 70% higher than the national average, and it has an A health rating.

View all posts from:

2010

12/7 - Add-On CD At Trustbank (12,18 And 48 Month)
7/26 - Competitive Long-Term CDs and Add-On CD at TrustBank in IL & AZ - Available Nationwide
7/26 - Reward Checking with a Very High Yield but a Very Low Balance Cap at TrustBank in IL & AZ - Available Nationwide
6/16 - 2.40% 36-Mo, 3.00% 60-Mo Cds In AZ & IL
6/16 - 7.00% Reward Checking BUT $1K Max In AZ & IL

Reviews (1)

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Excellent Experience Banking At Trustbank In Illinois

Posted by: pearlbrown | Dec 7, 2010

I really like doing business with this institution. According to their website, they have only 4 branches (2 in Olney, Illinois, one in Cisne, Illinois and one in Tempe, Arizona) and it truly does have the feel of a small town bank. The people are friendly, professional and extremely helpful. When you call, you speak with an individual banker. If you run into a problem, they offer to call you back – and they do - how refreshing. They are out of state for me and I wish they were down the street instead.

Comment

Health

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	14662
Year Established	1912
Employees	83
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.68%
Return on Equity - YTD	17.04%
Annual Interest Income	$8.0MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$421.6MM$326.3MM
Loans	Q2 2022vs Q2 2021	$361.9MM$235.3MM
Deposits	Q2 2022vs Q2 2021	$355.5MM$285.4MM
Equity Capital	Q2 2022vs Q2 2021	$40.5MM$32.8MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$3.8MM$3.4MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$877.00K$1.3MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$1.3MM

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not TrustBank; 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.

TrustBank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$5	-	Christmas Club - Automatic Transfer
0.50%	$5	-	Christmas Club - Non-Automatic Transfer
0.10%	$100	-	iSavings
0.10%	$50	-	Health Savings Account
0.05%	$5	-	R. Banking Friends
0.05%	$100	-	Statement Savings
0.01%	$100	-	Passbook Savings

TrustBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$1m^*	-	Money Market Max
OTHER TIERS: 0.20% → $10k - $100k \| 0.30% → $100k - $500k \| 0.50% → $500k - $1m
0.20%^*	$60k^*	-	Money Market
OTHER TIERS: 0.10% → $1k - $15k \| 0.12% → $15k - $30k \| 0.15% → $30k - $60k

TrustBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$60k^*	-	iBusiness Checking
OTHER TIERS: 0.03% → $1k - $15k \| 0.05% → $15k - $30k \| 0.07% → $30k - $60k
0.07%^*	$5k^*	-	Advantage Plus
OTHER TIERS: 0.03% → $500 - $2.5k \| 0.05% → $2.5k - $5k
0.07%^*	$5k^*	-	Advantage Classic
OTHER TIERS: 0.03% → $1k - $2.5k \| 0.05% → $2.5k - $5k
0.07%^*	$5k^*	-	VIP Checking
OTHER TIERS: 0.03% → $1k - $2.5k \| 0.05% → $2.5k - $5k
0.07%^*	$5k^*	-	iChecking
OTHER TIERS: 0.03% → $500 - $2.5k \| 0.05% → $2.5k - $5k

TrustBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.31%	$500	-	60 Month CD
2.26%	$50	-	48 Month Dreambuilder CD
2.16%	$500	-	36 Month CD
2.01%	$500	-	30 Month CD
2.01%	$2.5k	-	24 Month HSA Savings CD
1.96%	$500	-	24 Month CD
1.96%	$500	-	24 Month Peace Of Mind CD
1.66%	$500	-	18 Month CD
1.66%	$50	-	18 Month Dreambuilder CD
1.61%	$500	-	15 Month CD
1.51%	$500	-	12 Month CD
1.51%	$50	-	12 Month Dreambuilder CD
1.26%	$500	-	9 Month CD
1.10%	$2.5k	-	182 Day CD
1.00%	$2.5k	-	91 Day CD

TrustBank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.36%	$50	-	60 Month IRA
2.31%	$50	-	48 Month IRA
2.21%	$50	-	36 Month IRA
2.01%	$50	-	24 Month IRA
1.71%	$50	-	18 Month IRA
1.15%	$50	-	182 Day IRA

Locations

TrustBank Locations
Phoenix Az Branch	2375 East Camelback Road, Suite 155	Phoenix, AZ 85016
Chandler Branch	4903 South Alma School Road, Suite 5	Chandler, AZ 85248
Cisne Branch	401 Park Street	Cisne, IL 62823
Richland County Mall Facility	537 North West Street	Olney, IL 62450
Trustbank	600 E Main St	Olney, IL 62450
Trustbank Branch	14631 N. Scottsdale Road	Scottsdale, AZ 85254
Tuscola Branch	900 South Progress Boulevard	Tuscola, IL 61953

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