Since 1962, West Suburban Bank has offered a level of service and responsiveness that the mega-banks, despite their posturing, can never hope to attain. Our employees, from our tellers to our key decision makers, live in the communities we serve, so we understand the needs of our communities and our customers. And, because decisions are made locally, not at some far removed corporate headquarters, we can react quickly when those needs change.
Our investments also focus on the community. You won't find overseas investments or foreign market speculation on our balance sheet. Instead, you'll find the loans that have helped secure or improve the homes and businesses in the communities we serve.
As businesses see their banking relationships become less personal and less responsive due to the increased pace of bank mergers and buyouts, many have been turning to community banks to recapture the level of service they once knew and still deserve.
STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issued.
West Suburban Bank, along with all the other banks and savings and loans, is subject to the provisions of the Community Reinvestment Act (CRA). This act was designed to insure that financial institutions demonstrate that their credit and deposit services are meeting the convenience and needs of the communities they serve. The primary focus is to insure that institutions such as ours are reinvesting in their local communities through affirmative credit programs and ongoing community involvement.
It is the policy of West Suburban Bank to comply with the spirit and requirements of the CRA. As a banking organization, we are responsible at all times for conducting our affairs in a manner that will meet the highest possible standards and that will fulfill our basic obligations to:
- Protect our depositor's funds from unreasonable risk
- Serve the needs of our community by providing quality banking services to our customers, including various low and moderate income groups within our community, promoting sound economic growth, and when appropriate, extending leadership in areas of public concern; and
- Maintain a strong capital base, which will enable the bank to meet the expanding financial needs of our community.
You may obtain our current CRA public file pages at your nearest West Suburban Bank location.