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The Best Banks in Plano, Illinois

Our research team has identified the top 3 banks in Planobased on customer service, rates, digital features, and customer satisfaction.

3
Top Banks
4.4/5
Avg Rating
120
Total Branches
559
Total Reviews

Top Banks in Plano

Carefully selected based on customer service, rates, and digital features

1

Midland States Bank

Bank

★★★★☆
4.3/5

Midland States Bank is a community-focused financial institution with a strong presence in Plano and throughout northern Illinois. They offer comprehensive personal and business banking services with competitive rates on loans and deposits. Known for their local decision-making and personalized customer service.

Branches:67 locations
Reviews:127 customer reviews
(630) 553-7500
120 E North St, Plano, IL 60545

Services:

Checking AccountsSavings AccountsPersonal LoansMortgagesBusiness BankingDigital BankingInvestment ServicesAuto Loans
Visit Website
2

Old Second National Bank

Bank

★★★★☆
4.2/5

Old Second National Bank is one of the oldest and most established banks in the region, serving the Plano area from their nearby Yorkville location. They provide excellent personal banking services with a focus on community relationships and local lending. Strong digital banking platform with mobile check deposit.

Branches:45 locations
Reviews:189 customer reviews
(630) 892-0202
37 S Hale St, Yorkville, IL 60560

Services:

Checking AccountsSavings AccountsPersonal LoansMortgagesBusiness BankingDigital BankingCredit CardsAuto Loans
Visit Website
3

Freedom Credit Union

Credit Union

★★★★☆
4.6/5

Freedom Credit Union serves the Plano community with competitive rates and low fees typical of credit unions. They offer excellent auto loan rates, free checking accounts, and strong member service. While based in Joliet, they serve all of Kendall County and have robust online and mobile banking services.

Branches:8 locations
Reviews:243 customer reviews
(630) 906-0707
2400 W Jefferson St, Joliet, IL 60435

Services:

Checking AccountsSavings AccountsPersonal LoansMortgagesAuto LoansStudent LoansCredit CardsDigital Banking
Visit Website

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Frequently Asked Questions

Common questions about banking in Plano, Illinois

What are the best options for a small business loan for a local Plano business, and do any local banks offer SBA loans?

For small business owners in Plano, Midland States Bank and Old Second National Bank are excellent local options to explore for business loans and lines of credit. Both institutions have a strong presence in the region and offer SBA (Small Business Administration) loan programs, which can provide favorable terms for qualifying businesses. It's also worth speaking with Freedom Credit Union, as credit unions sometimes offer competitive commercial lending rates. When applying, be prepared to present a solid business plan and financial projections, as local banks often prioritize building relationships with community-based businesses.

As a resident of a smaller city like Plano, what should I look for in a local bank versus a large online-only bank?

While online banks can offer higher interest rates, banking locally in Plano with institutions like Midland States Bank, Old Second, or Freedom Credit Union provides significant advantages. You benefit from personalized, face-to-face service for complex transactions like notarizations, cashier's checks, or loan applications. Local bankers often have deeper knowledge of the Plano real estate market and local economy, which can be invaluable for mortgage or business lending. Furthermore, supporting local banks keeps capital within the Kendall County community, helping to fund other local projects and businesses.

Are there any local banks or credit unions in Plano that offer special mortgage programs for first-time homebuyers in the area?

Yes, Plano residents have access to several local first-time homebuyer programs. Freedom Credit Union often features mortgage products with low down payment requirements and may offer closing cost assistance. Old Second National Bank and Midland States Bank also have loan officers who are well-versed in state and federal first-time homebuyer programs, such as those offered by the Illinois Housing Development Authority (IHDA). These can include grants for down payments and affordable fixed-rate mortgages. It's highly recommended to schedule a consultation with a loan officer at any of these institutions to discuss your specific situation and the latest available programs.

With the seasonal events like the Plano Christmas Classic and the Fox Valley Farmers Market, are there local banking services that can help vendors with mobile payment processing?

Absolutely. Local financial institutions in Plano are equipped to help small vendors and seasonal businesses. Midland States Bank, Old Second National Bank, and Freedom Credit Union all offer merchant services, including mobile point-of-sale (POS) systems that connect to a smartphone or tablet. These services are ideal for vendors at the Plano Community Market or seasonal events, allowing them to securely accept credit and debit card payments. Setting up an account with a local bank often means you receive more personalized support and potentially lower fees for a small-volume business compared to large, national processors.

I'm retired and live in Plano. Which local bank offers the best services and checking accounts for seniors?

For retirees in Plano, all three of the main local institutions offer attractive options. Freedom Credit Union typically provides a senior-focused checking account with benefits like free checks, no monthly maintenance fees, and discounts on other services. Old Second National Bank and Midland States Bank also offer senior checking accounts, which often include perks such as free money orders, cashier's checks, and higher interest rates on savings. A key advantage of banking locally in retirement is the ease of access to in-person services for managing retirement distributions, CDs, and safe deposit boxes, all without having to travel to a larger city.

Finding a Popular Bank Near Me in Plano, Illinois: Your Guide to Local Financial Partners

Expert insights about banking in Plano

If you're a resident of Plano, Illinois, searching for a "popular bank near me," you're in luck. Our community is home to several trusted financial institutions that offer the perfect blend of personal service and modern convenience. Choosing the right bank is a key financial decision, impacting everything from your daily checking to your long-term savings goals. Let's explore the popular options serving our area to help you find the best fit for your wallet and your lifestyle.

One of the most prominent names in our region is Old Second National Bank. With a deep-rooted history and a strong physical presence, Old Second is a cornerstone for many Plano families and businesses. They offer a full suite of services, from personal checking accounts with low fees to mortgage lending for buying a home right here in Kendall County. Their local bankers often have deep community ties, which can be invaluable when you need personalized financial advice or have a complex banking question.

For those who value a member-owned, not-for-profit structure, Freedom Credit Union is an excellent popular choice. Credit unions like Freedom typically offer competitive interest rates on savings accounts, lower loan rates, and fewer fees than many larger for-profit banks. Membership is often based on living, working, or worshiping in the area, making it a truly local option. If building a relationship where you're an owner, not just a customer, appeals to you, it's worth checking out their eligibility requirements and seeing what benefits they can offer you.

Another robust local option is Midland States Bank. They provide a comprehensive range of financial products, including personal and business banking, wealth management, and insurance. For Plano residents who want to keep all their financial services—checking, savings, investments, and even estate planning—under one roof with a trusted local brand, Midland States is a compelling contender. Their digital banking tools are designed to make managing your money easy, whether you're at home or on the go.

So, how do you decide? Start by assessing your personal habits. Do you prefer in-person service at a local branch, or are you mostly a digital banker? Compare specific account fees, minimum balance requirements, and ATM networks. Old Second and Midland States have extensive local ATM and branch networks, while Freedom Credit Union might offer fee-free access through a shared cooperative network. Don't hesitate to visit their Plano locations or call them to ask questions. The most popular bank for you is the one that aligns with your financial needs and makes you feel confident about your money's future right here in our community.

Nearby Cities

Explore banking options in cities near Plano

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How We Rate Plano Banks

Our comprehensive 5-star rating system evaluates banks across multiple criteria to help you find the best financial institution in Plano.

Customer Service & Support

Service quality, responsiveness, and customer satisfaction ratings.

Fees & Interest Rates

Competitive rates, transparent fees, and overall value proposition.

Digital Banking Features

Mobile app quality, online features, and digital innovation.

Need Banking Services in Plano?

Contact one of our top-rated banks today to learn more about their services and find the right banking solution for your needs.

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