First Trust Bank of Illinois

What First Trust Bank of Illinois does

First Trust Bank of Illinois is an FDIC-insured, state-chartered community bank headquartered in Kankakee County, Illinois, operating four branch locations across Aroma Park, Bourbonnais, Danforth, and Kankakee. Founded in 1998, the bank employs between 51 and 100 people and operates as a privately held institution serving retail consumers, small-to-mid-sized businesses, and agricultural borrowers in its local market.

The bank offers a full-service community banking product suite spanning personal deposit products (checking, savings, money market, certificates of deposit, HSA accounts, debit cards), business banking services (business checking and savings, ACH origination, positive pay, wire transfers, night depository), and lending products including mortgage, commercial, agricultural, home equity, and installment loans. A dedicated online mortgage center supports loan origination through named loan officers Bob Siawrys (NMLS #680468) and Randi Cantu (NMLS #787589).

Digital infrastructure includes an online banking platform, mobile banking application with Card Suite Lite card controls, remote deposit capture, e-statements, and bill pay, positioning the bank at parity with industry-standard community bank digital capabilities. The bank generates revenue through net interest margin on loans and deposits, mortgage origination fees, treasury management services for businesses, and interchange/deposit fee income, consistent with the traditional community banking business model. No M&A activity, funding events, leadership changes, or AI capabilities are disclosed.

Name

First Trust Bank of Illinois

Legal name

First Trust Bank of Illinois

Website

https://firsttrustbankil.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

First Trust Bank of Illinois is an FDIC-insured community bank serving Kankakee County, Illinois through four branches. It provides personal and business deposit accounts, mortgage, commercial, and agricultural lending, supported by mobile and online banking services.

Ownership category

akta.pro rank

Headquarters

HQ city

Kankakee

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including commercial/industrial loans, commercial real estate loans, consumer loans, mortgage loans, home equity products, and agricultural lending. Interest is earned on the spread between cost of deposits and loan yields.
2. Non-Interest Income: Fee income from deposit account maintenance, overdraft fees, ATM usage, wire transfer fees, cash management service fees, credit card transaction fees, and other banking service charges.
3. Mortgage Banking: Revenue from mortgage originations through the bank's mortgage center, including loan origination fees and potential servicing income.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

First Trust Bank of Illinois is a community bank that accepts deposits and originates loans for consumers, small-to-medium businesses, agricultural operators, and civic organizations in Kankakee County, Illinois. Its core offerings include personal and business checking, savings and money market accounts, certificates of deposit, mortgages and home equity products, consumer loans, commercial and industrial loans, commercial real estate loans, SBA loans, agricultural lending, and business cash management services delivered through four branches and online/mobile channels.

Product overview

First Trust Bank of Illinois offers a comprehensive portfolio of traditional banking products organized into personal banking (checking, savings, CDs), business banking (checking, savings, cash management, loans), and lending divisions (mortgages, personal loans, business loans, agricultural lending). The bank also provides digital banking services including online and mobile banking platforms with fraud protection features. The architecture is a single-unified banking platform with multiple product lines serving both consumer and commercial customer segments across Illinois communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• First Busey Corporation: Large Illinois-based banking company with multiple community-banking subsidiaries across the state. Operates in overlapping Illinois geographies but at significantly larger scale.
• Old National Bank: Multi-state regional bank with significant Illinois branch presence offering consumer, business, and mortgage banking. Overlaps with First Trust in Illinois markets but operates at much larger scale.

Direct peers

• Heartland Bank: Illinois community bank focused on consumer and commercial banking in central Illinois communities. Closely comparable in branch-based community banking with similar mid-sized scale.
• Prospect Bank: Illinois community bank serving central Illinois communities with consumer and commercial banking. Comparable community banking model and product set to First Trust Bank of Illinois.
• HomeStar Financial Group: Illinois-based community bank serving central Illinois with personal, business, and agricultural lending. Directly comparable community bank model with overlapping product mix and Illinois geographic focus.
• Bank of Pontiac: Illinois community bank headquartered in Pontiac, IL providing personal and commercial banking. Comparable single-state community banking model with similar size and customer segments.
• Hickory Point Bank and Trust: Illinois community bank offering personal and business banking across central Illinois. Similar community-bank business model with comparable product set and customer mix.
• Centrue Bank: Illinois community bank offering consumer and business banking services across multiple Illinois markets. Comparable community-bank operating model with similar scale and product offerings.
• First MidBank & Trust: Illinois-based community bank offering personal and business banking, mortgage, and agricultural lending across central Illinois. Comparable community-banking model with similar product breadth and Illinois footprint.
• Resource Bank: Community bank headquartered in Illinois offering consumer and commercial banking products. Comparable scale and community-bank operating model in the Illinois market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Trust Bank of Illinois