Illinois Department of Financial & Professional Regulation Illinois Department of Financial & Professional Regulation
Bryan A. Schneider, Secretary  
Bruce Rauner, Governor
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Non-banking Financial Institutions
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Bureau of Banks, Trust Companies and Savings Institutions
How To Obtain a Savings Bank Charter

How to obtain a savings bank charter:

Not fewer than 5 nor more than 20 persons may organize a savings bank. The institution must have capital sufficient to be able to obtain federal deposit insurance coverage. The filing fee is $1,000. For additional information phone 217-785-2900.

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