Community Bankers Association of Illinois  

901 Community Drive  

Springfield, IL 62703-5184  

 

(800) 736-2224  

(217) 529-2265  

 

© Copyright 2004 by the Community Bankers Association of Illinois.   

 

Please note that its contents should not be reprinted and distributed without CBAI's written consent.  

 

ABOUT THIS GUIDE  

 

This Guide is provided by the Community Bankers Association of Illinois ("CBAI") as a tool to assist individuals who are interested in chartering new community banks. CBAI is a not-for-profit corporation and a trade association consisting of approximately five hundred (500) member financial institutions located throughout the State of Illinois. CBAI seeks to foster the chartering of new community banks in Illinois, in an effort to preserve competition in banking and to prevent the concentration of control of banking resources. To obtain additional information from or about CBAI, please call 1-800-736-2224 (or, from outside of Illinois, call 1-217-529-2265)..  

 

Portions of this Guide have been provided by Tim Sullivan an attorney in the law firm of Hinshaw & Culbertson. For more information on the legal services provided by Hinshaw & Culbertson in the organization of de novo banks, please contact:   

 

Tim Sullivan (312) 704-3852  

 

Hinshaw & Culbertson  

222 North LaSalle Street Suite 300  

Chicago, IL 60601-1081 

 

Guide To Organizing A New Bank In Illinois (PDF) 

Adobe Acrobat required. 

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© Copyright 2004 by the Community Bankers Association of Illinois. 

 

Please note that its contents should not be reprinted and distributed without CBAI's written consent. 

 

This Guide is intended to provide the reader with general information and issues for consideration only, and is not legal advice nor a substitute for legal or other professional advice. Although this Guide is updated annually, some regulatory requirements or other considerations may change between updates. It is advisable to contact the appropriate regulatory agency or your legal counsel to be certain that you are complying with the current requirements. 

 

For ease of reference in this Guide, the Illinois Department of Financial and Professional Regulation is referred to as the "IDFPR", the federal Office of the Comptroller of the Currency is referred to as the "OCC", the Federal Deposit Insurance Corporation is referred to as the "FDIC", and the Federal Reserve Bank of Chicago or the Federal Reserve Bank of St. Louis is referred to as the "Federal Reserve".