Lakeside Bank is a well-established financial institution that has built a strong reputation in the Chicago area. Known for its family-owned roots and community-focused approach, Lakeside Bank offers a wide range of personal and business banking services tailored to meet the needs of its customers. Whether you are looking for convenient checking accounts, competitive savings options, or reliable loan products, Lakeside Bank strives to provide trusted solutions. This article will explore the key features, services, and strengths of Lakeside Bank, helping you understand why it is a preferred choice for many individuals and businesses in Illinois. If you want to learn more about what makes Lakeside Bank stand out, keep reading to discover its history, products, and commitment to customer satisfaction.
What Is Lakeside Bank?
Lakeside Bank was founded in 1966 and has since grown into a respected family-owned bank headquartered in Chicago. With nine branches across the Chicagoland area, the bank focuses on offering personalized service and building long-term relationships with its customers. Lakeside Bank manages assets totaling over $2.6 billion, reflecting steady growth and financial stability. Its status as a community bank allows it to tailor products and services to local needs, setting it apart from larger national banks. Over the years, Lakeside Bank has earned a reputation for trustworthiness, strong capital positions, and a commitment to supporting both individuals and businesses in the region. This history of dependable service has made Lakeside Bank a solid choice for banking in Illinois.
Lakeside Bank’s Personal Banking Services
Lakeside Bank offers a variety of personal banking products designed to suit different financial needs. Their checking accounts come with flexible options like Kasasa Cash, which offers competitive interest rates with no monthly fees. For those who prefer simplicity, the Free Checking account has no minimum balance requirements. There’s also the Lakeside Checking account, which balances low fees with convenient features. Customers who want to earn interest can opt for the Interest Checking account, providing an opportunity to grow their money while enjoying everyday banking.
Savings options are equally attractive. The Kasasa Saver account offers a high interest rate when linked to a Kasasa Cash checking account. For larger balances, the Money Market account provides better returns, and certificates of deposit (CDs) offer fixed rates for varying terms, from 90 days to five years. Retirement savers can choose from different IRAs, helping them plan for the future while earning competitive rates. Online and mobile banking make it easy to manage accounts, pay bills, and transfer funds anytime, anywhere.
Business Banking at Lakeside Bank
Lakeside Bank understands the unique needs of businesses, from startups to well-established companies. Its business banking services include a variety of checking and savings accounts tailored to different business sizes and industries. The bank offers commercial loans, such as term loans and working capital lines of credit, which help businesses manage cash flow or expand operations.
Equipment financing and commercial real estate loans are also available, helping companies invest in essential assets. For businesses looking to grow, Lakeside Bank participates in SBA loan programs, including 504 and 7(a) loans, providing additional financing options with favorable terms.
The bank also offers treasury management services to help businesses efficiently handle their cash flow and payments. These solutions support smoother operations and improved financial control. Overall, Lakeside Bank aims to be a reliable partner for businesses seeking customized banking solutions in the Chicago area.
Mortgage and Consumer Loan Options
Lakeside Bank provides several loan products to meet various personal and home financing needs. For homebuyers, the bank offers mortgage loans with competitive rates, whether purchasing a new home or refinancing an existing mortgage. Home equity loans and lines of credit allow customers to borrow against their home’s value, often at attractive interest rates, useful for major expenses or renovations.
Auto loans are available for both new and used vehicles, with terms designed to fit different budgets. For other financial needs, personal loans provide a flexible borrowing option, often with fixed rates and payments.
Additionally, Lakeside Bank issues consumer credit cards, offering convenience and rewards for everyday spending. Their loan services are designed to be straightforward and customer-friendly, with helpful support throughout the application and repayment process.
Financial Strength and Community Impact
Lakeside Bank’s financial stability is one of its core strengths. With assets exceeding $2.6 billion, the bank has shown consistent growth over the years. Its strong capital base and carefully managed earning assets contribute to a solid financial foundation, which benefits both customers and investors.
The bank has received recognition for its sound financial health, ranking among the top safest banks in the nation. This reliability gives customers confidence that their money is secure.
Beyond finances, Lakeside Bank takes pride in its community involvement. It supports local programs and charities, emphasizing its role as more than just a bank. By fostering strong community ties, the bank helps improve economic opportunities and quality of life in the Chicago area. This commitment to service and trust builds lasting relationships with customers and neighbors alike.
How to Open an Account or Get Started with Lakeside Bank
Getting started with Lakeside Bank is simple and convenient. Customers can open accounts either online or by visiting one of the bank’s nine branches throughout the Chicago area. The bank’s website offers detailed information on account options, eligibility requirements, and the documents needed to apply.
For personal banking, opening an account usually requires basic identification and proof of address. Business customers may need additional documentation, such as business licenses or tax identification numbers.
Customer support is available through phone, email, or in-person assistance, helping guide new clients through the process and answer any questions. Lakeside Bank also provides educational resources to help customers make informed financial decisions. This approach ensures a smooth experience for those looking to join the bank’s community.
Also Read: Clare Bank: Trusted Community Banking with Personal Touch
Conclusion
Lakeside Bank stands out as a trusted, community-focused financial institution in the Chicago area. With its wide range of personal and business banking services, strong financial health, and commitment to local support, the bank offers reliable solutions for many customers. Whether someone is looking to open a checking account, secure a loan, or grow their business, Lakeside Bank provides personalized options tailored to their needs.
For those interested in a bank that combines modern convenience with small-bank care, Lakeside Bank is a solid choice. Exploring their offerings can help individuals and businesses achieve their financial goals with confidence. If you want to learn more about this respected institution, Lakeside Bank’s website and branches are ready to assist you.
Hi, I’m George Orwell – founder of Left Bank Magazine, and a curious mind with a passion for writing. I cover a little bit of everything, from business and tech to marketing, finance, startups, leadership, and productivity. I enjoy turning complex ideas into clear, relatable content that informs and inspires. Whether it’s a quick how-to or a deeper dive into strategy, I aim to keep it thoughtful, engaging, and genuinely useful.