Peoria, IL
Bank Better Banks
Better Banks is a federally insured bank based in Peoria, Illinois.
- Type
- Bank
- Charter
- State-chartered commercial bank, not a Federal Reserve member
- Primary regulator
- FDIC
- Established
- January 1, 1898
- Headquarters
- Peoria, IL
- FDIC certificate #
- 1808
- Fed RSSD ID
- 851631
- Holding company
- Backlund Inv Employee Stk Ownership Plan
- Website
- www.betterbanks.com
$425.9M
Total assets Data as of Q1 2026
$388.4M
Total deposits Data as of Q1 2026
10
Branch locations Data as of Q1 2026
$1.3M
Net income Data as of Q1 2026
1.23%
Return on assets Data as of Q1 2026
Source: U.S. FDIC BankFind & NCUA 5300 Call Report (public data). Data sources · Data as of Q1 2026
Branches by state
Better Banks operates 10 branch locations in Illinois. Select a state to drill down to its towns and individual branches.
Ownership
Better Banks is owned by Backlund Inv Employee Stk Ownership Plan, which also owns 1 other institution. See the full ownership & merger history.
Better Banks financial summary
Other banks in Illinois
Federally insured banks headquartered in Illinois, by total assets.
- BMO Bank National Association $251.96B
- The Northern Trust Company $173.84B
- CIBC Bank USA $65.13B
- Busey Bank $18.01B
- Byline Bank $9.89B
- Wintrust Bank, National Association $9.28B
- Lake Forest Bank & Trust Company, National Association $9B
- First American Bank $8.22B
Similar-size banks
Institutions close to Better Banks’s $425.9M in assets.
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- Foresight Bank $425.9M
- First National Bank in DeRidder $425.1M
- Grand Ridge National Bank $427.5M
- F&M Bank $424.1M
- The Bank of Vernon $427.7M