Home > Illinois Banks > Lake Forest Banks > The Federal Savings Bank Lake Forest > The Federal Savings Bank, DEERPATH BRANCH
The Federal Savings Bank, DEERPATH BRANCH
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3 client reviews
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| Name: | The Federal Savings Bank |
| Concentration: | Mortgage Lending Specialization |
| Established: | 07/03/2000 |
| FDIC Insurance: | 07/03/2000 |
| Holden By: | NATIONAL BCORP HOLDINGS INC |
| Charter Class: | Savings banks, state charter, supervised by the FDIC |
| # of Branches: | 2, view all, view on map |
| Website: | thefederalsavingsbank.com |
| Total Assets: | $1,184,665,000 |
| Total Deposits: | $663,137,000 |
| Total Equity Capital: | $150,484,000 |
| Total Domestic Office Deposits: | $663,137,000 |
| Quarterly Net Income: | $374,000 |
| Quarterly Return on Equity: | 1% |
| More... | |
Client Review
3 client reviews of The Federal Savings Bank scored 2 out of 5.
Horrendous, exhausting, energy and resources-depleting experience
Overall Rating
Interest Rate and Cost
Office Environment & Staff
Waiting Time
Other Services
by Aya1, Apr. 03, 2013
We're on our SIXTH month of submitting, resubmitting, and supplementing the submission of documents. The quoted rate was great--six months ago. Now the deadline has passed and our "no costs down" loan requires that we buy into a HIGHER rate.
Customer service is horrendous. "Couple of days" means "within a week or two" and the projected closing is no way in sight.
The abusive emails from their VP actually lead me to believe he wants us to take our business elsewhere (which was implied within the email) so he can wash his hands off us.
AVOID!
* this reviewer has be with this bank for 6 months - 1 year
* this reviewer had 6 - 10 banks before.
* this review was made on The Federal Savings Bank, The Federal Savings Bank at Overland Park, KS
1 of 1 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
Overall Rating Interest Rate and Cost Office Environment & Staff Waiting Time Other Servicesby Aya1, Apr. 03, 2013
We're on our SIXTH month of submitting, resubmitting, and supplementing the submission of documents. The quoted rate was great--six months ago. Now the deadline has passed and our "no costs down" loan requires that we buy into a HIGHER rate.
Customer service is horrendous. "Couple of days" means "within a week or two" and the projected closing is no way in sight.
The abusive emails from their VP actually lead me to believe he wants us to take our business elsewhere (which was implied within the email) so he can wash his hands off us.
AVOID!
* this reviewer has be with this bank for 6 months - 1 year
* this reviewer had 6 - 10 banks before.
* this review was made on The Federal Savings Bank, The Federal Savings Bank at Overland Park, KS
1 of 1 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
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Do not use this bank
Overall Rating
Interest Rate and Cost
Office Environment & Staff
Waiting Time
Other Services
by Johnkim, Mar. 01, 2013
Informed that we did not qualify 3 days before closing. Loan officer was fired. Total lack of knowledge regarding our loan. We finally were able to qualify on our base pay after jumping through hoops that we would have gladly done had we been informed. Lived in a hotel incurring over 4 k in bills. Only stayed with them because we had no other choice. Most stressful experience of our lives
* this reviewer has be with this bank for <6 months
* this reviewer had 1 - 2 banks before.
* this review was made on The Federal Savings Bank, The Federal Savings Bank at Overland Park, KS
1 of 1 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
Overall Rating Interest Rate and Cost Office Environment & Staff Waiting Time Other Servicesby Johnkim, Mar. 01, 2013
Informed that we did not qualify 3 days before closing. Loan officer was fired. Total lack of knowledge regarding our loan. We finally were able to qualify on our base pay after jumping through hoops that we would have gladly done had we been informed. Lived in a hotel incurring over 4 k in bills. Only stayed with them because we had no other choice. Most stressful experience of our lives
* this reviewer has be with this bank for <6 months
* this reviewer had 1 - 2 banks before.
* this review was made on The Federal Savings Bank, The Federal Savings Bank at Overland Park, KS
1 of 1 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
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VA Loan with FSB
Overall Rating
Interest Rate and Cost
Office Environment & Staff
Waiting Time
Other Services
by Luigi, Jan. 04, 2013
The VA loan process was not bad with minimal issues and delays. The rate was great and the sale person was great. It took 2 months for our loan to be moved/re-sold over to chase and during those two month we made payments to FSB using the temporary stubs they provided. Now with Chase our loan amount does not seem to reflect our payments made to FSB. We contacted and left messages for the department that handels the loan transfer process at FSB and have yet to receive a call back.
* this reviewer has be with this bank for <6 months
* this reviewer had 3 - 5 banks before.
* this review was made on The Federal Savings Bank, The Federal Savings Bank at Overland Park, KS
Was this review helpful to you? Yes, No Report Abuse
Overall Rating Interest Rate and Cost Office Environment & Staff Waiting Time Other Servicesby Luigi, Jan. 04, 2013
The VA loan process was not bad with minimal issues and delays. The rate was great and the sale person was great. It took 2 months for our loan to be moved/re-sold over to chase and during those two month we made payments to FSB using the temporary stubs they provided. Now with Chase our loan amount does not seem to reflect our payments made to FSB. We contacted and left messages for the department that handels the loan transfer process at FSB and have yet to receive a call back.
* this reviewer has be with this bank for <6 months
* this reviewer had 3 - 5 banks before.
* this review was made on The Federal Savings Bank, The Federal Savings Bank at Overland Park, KS
Was this review helpful to you? Yes, No Report Abuse
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