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Find a Location

The Federal Savings Bank has 40 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.

    Business ProfileforThe Federal Savings Bank

    Bank
    HeadquartersMulti Location Business
    BBB accredited business
    The Complaints and Reviews shown on this HQ profile may have been submitted against either the HQ itself or one of the corporate-owned locations found under "Find Locations".

    Additional business information

    Additional Info:

    On July 13, 2021, former chairman and CEO of Federal Savings Bank, Stephen Calk, was found guilty of one count of financial institution bribery and one count of conspiracy to commit financial institution bribery. During the time of the incident, Stephen Calk was the active CEO, but resigned from the Bank at the time of the indictment in May 2019. Mr. Calk has had no active involvement with the Bank since the resignation.

    In court documents, Federal Savings Bank is mentioned, but has not been charged with any nature of crime. For more details go to https://www.justice.gov/usao-sdny/pr/bank-ceo-stephen-m-calk-convicted-corruptly-soliciting-presidential-administration
    See all additional business information

    At-a-glance

    Customer Reviews

    4.5/5stars

    Average of 405 Customer Reviews

    Customer Complaints

    88 complaints closed in last 3 years

    23 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 3/1/2015

    Years in Business: 13

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Overview

    The Federal Savings Bank is a bank specializes in home lending. They also provide checking and savings services for individuals and businesses. This company serves downtown Chicago and surrounding areas and all 50 states nationwide. Services available from this bank include mortgage, checking accounts, savings accounts, Certificates of Deposit and IRAs, home loans, business savings and checking accounts, and mobile and online banking.

    Products & Services

    Mortgage, Personal Loans, CD, Checking, Savings Account, Savings

    Business Details

    This is a multi-location business.

    Find a Location

    The Federal Savings Bank has 40 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      Headquarters
      4120 W Diversey Ave Ste C501, Chicago, IL 60639-2399
      BBB File Opened:
      7/26/2013
      Years in Business:
      13
      Business Started:
      4/1/2011
      Accredited Since:
      3/1/2015
      Type of Entity:
      Sole Proprietorship
      Number of Employees:
      1600
      Hours of Operation

      Primary

      M:
      8:30 AM - 5:30 PM
      T:
      8:30 AM - 5:30 PM
      W:
      8:30 AM - 5:30 PM
      Th:
      8:30 AM - 5:30 PM
      F:
      8:30 AM - 5:30 PM
      Sa:
      Closed
      Su:
      Closed
      Business Management
      • Ms. Kim Allen, Customer Relations Manager
      • Mr. Ryan Murphy, Compliance Manager
      • Mr. James Flores, Director of Marketing
      • Mr. John Calk, Chairperson/CEO
      Contact Information

      Principal

      • Ms. Kim Allen, Customer Relations Manager
      • Mr. John Calk, Chairperson/CEO

      Customer Contact

      • Ms. Kim Allen, Customer Relations Manager
      Additional Contact Information

      Phone Numbers

      Industry Tip

      BBB Tip: How to choose a new bank or credit union

      Customer Complaints

      88 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Most Recent Customer Complaint

      03/13/2024

      Complaint Type:
      Service or Repair Issues
      Status:
      Answered
      I was purchasing a home from this company and so many things went wrong, they were so unhelpful and did awful things like doing stuff and calling my bank and employer without even telling me. Now I am so frustrated because they promised me all this stuff with my loan and as soon as I closed (3 weeks past time) then they sale my loan to another company without even telling me. Then I open the mail box last week with all these past notice bills, alerts, etc and I call one of them and it's a bunch of home warranty crap? Coming from the mortgage place as a final notice? Then there was others saying I needed to pay my bill which I thought I did and after 15 mins on the phone for nothing turns out I paid my bill but the mail thing didn't catch it in time. Talk about a heart attack. This is all after a horrible underwriting experience! Just when will it end with these guys.
      Read More

      Customer Reviews

      405 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      Ron C

      5 stars

      04/19/2024

      We have worked with Federal Savings Bank several times. They have always helped make our process quick and easy. Everything was on time and we were informed the whole way. Their services have been outstanding every time we've used them.***

      Local BBB

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