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Banking in the Champaign Area
Champaign, Illinois, is a medium-sized town in the heart of Illinois; nearby communities include Springfield, Decatur, Danville, and Urbana. Champaign is best known for being the home of the University of Illinois. It is also the home of a thriving community that is bolstered by the agriculture, finance, technology, real estate, and manufacturing sectors. Due to those sectors, as well as the renewable resource of university students, the economy remains robust, and the banking sector in Champaign continues to thrive.
The Champaign area is actually home to a number of financial institutions. In all, approximately 100 banks and 50 credit unions are headquartered in the region. There are also 580 branches from more than 140 banks and 60 credit unions in the region, when all of the institutions are tallied. Major banks in the area include Chase and Bank of America. The most well-known banks from the region include Busey Bank, Midland States Bank, and First Mid-Illinois Bank & Trust. First Mid-Illinois Bank & Trust is actually the oldest bank in the region with roots going back to 1865. As long as the University continues to attract a robust student population and the other industries remain steady, the banking sector in Champaign will continue to stay strong.
