First Federal Savings Bank is a bank based in Ottawa, Illinois, established in 1889, with $426 million in total assets across 11 branches. By Trust Grade it ranks 230th of 328 banks we track in Illinois. Its capital ratio of 10.5% is stronger than 56% of similarly sized banks, versus a Illinois median of 10.3%. It was profitable over the most recent period, with a 0.34% return on assets. No consumer complaints against First 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 First Federal Savings Bank compares to Illinois peers
How we graded First Federal Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.5% capital ratio)
- Profitable (ROA 0.34%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Federal Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (11)
- 1600 38th St, Peru, IL 61354
- 137 S Main St, Walnut, IL 61376
- 111 E Main St, Amboy, IL 61310
- 8 Dannys Dr, Streator, IL 61364
- 475 3rd St, La Salle, IL 61301
- 124 E Main St, Morris, IL 60450
- 433 W Main St, Ottawa, IL 61350
- 801 W Jefferson St, Shorewood, IL 60404
- 325 S Randall Rd, Elgin, IL 60123
- 701 1st Ave, Rock Falls, IL 61071
- 633 La Salle St, Ottawa, IL 61350
Are deposits at First Federal Savings Bank insured?
Yes. First Federal Savings Bank is an FDIC-insured bank (FDIC certificate #28924). 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.
First Federal Savings Bank: frequently asked questions
Is First Federal Savings Bank a good bank?
First Federal Savings Bank earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Strongly capitalized (10.5% capital ratio); Profitable (ROA 0.34%).
Is First Federal Savings Bank FDIC-insured?
Yes. First Federal Savings Bank is a FDIC-insured bank (FDIC certificate #28924). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Federal Savings Bank?
First Federal Savings Bank holds $426 million in total assets, ranking 230th of 328 banks we track in Illinois. It operates 11 branches.
Does First Federal Savings Bank have CFPB complaints?
No CFPB complaints against First 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.
