Bank · FDIC insured
The Federal Savings Bank
Top CarrotA $1.1B bank headquartered in Chicago, IL, with 2 branches in Illinois. Best rates: CDs 3.95% and savings 2.50% APY.
The Federal Savings Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 76% of U.S. banks and credit unions
#35 of 124 in Chicago, IL-IN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About The Federal Savings Bank
The Federal Savings Bank is a veteran-owned and operated, federally chartered bank supporting borrowers across all 50 states.
The institution operates as a mortgage lender specializing primarily in home lending solutions.
- Headquarters
- 4120 W Diversey Ave, Chicago, IL 60639
- FDIC certificate
- 35518 ↗
Branches
2 branches in Illinois
Loading map…
Illinois
2 branches
- The Federal Savings BankMain office4120 W Diversey Ave, Chicago, IL 60639Directions
- Deerpath Branch664 N Western Ave, Lake Forest, IL 60045Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 15.86% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 2.69% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.05% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $131 | $88 | — |
- CapitalLeverage ratio15.86%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent2.69%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.05%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$131Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of The Federal Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.