The Federal Savings Bank is a bank based in Chicago, Illinois, established in 2000, with $1.1 billion in total assets across 2 branches. By Trust Grade it ranks 275th of 328 banks we track in Illinois. Its capital ratio of 15.4% is stronger than 94% of similarly sized banks, versus a Illinois median of 10.3%. It posted a loss over the most recent period (-0.17% return on assets), a point to watch. No consumer complaints against The Federal Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The Federal Savings Bank compares to Illinois peers
How we graded The Federal Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (15.4% capital ratio)
- Unprofitable over the period (ROA -0.17%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The Federal Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 664 N Western Ave, Lake Forest, IL 60045
- 4000 W Diversey Ave, Chicago, IL 60639
Are deposits at The Federal Savings Bank insured?
Yes. The Federal Savings Bank is an FDIC-insured bank (FDIC certificate #35518). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The Federal Savings Bank: frequently asked questions
Is The Federal Savings Bank a good bank?
The Federal Savings Bank earns a Bankzia Trust Grade of B (89/100, "Strong"), based on a financial-strength score of 89/100 (it has no CFPB complaints on record). Strongly capitalized (15.4% capital ratio); Unprofitable over the period (ROA -0.17%).
Is The Federal Savings Bank FDIC-insured?
Yes. The Federal Savings Bank is a FDIC-insured bank (FDIC certificate #35518). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The Federal Savings Bank?
The Federal Savings Bank holds $1.1 billion in total assets, ranking 275th of 328 banks we track in Illinois. It operates 2 branches.
Does The Federal Savings Bank have CFPB complaints?
No CFPB complaints against The Federal Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
