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Find a Location

The Federal Savings Bank has 39 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".

    At-a-glance

    Customer Reviews

    4.49/5stars

    Average of 378 Customer Reviews

    Customer Complaints

    80 complaints closed in last 3 years

    25 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 39 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

      Website Addresses

      Industry Tip

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

      Customer Complaints

      80 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

      07/13/2024

      Complaint Type:
      Service or Repair Issues
      Status:
      Answered
      I was working with ******* on a refinance. He told me continued lies to get me agree to sign documents and pay $810 in pre paid closing fees. He told me I would qualify for an fha refinance as he said the limit is 766k. After numerous conversations he promised me he looked into everything and we were fully approved and he talk to FHA to make sure everything was accurate so we signed the so we signed the documents and paid the fee. We later learned we were lied to and he never checked into anything and in fact our county limits was only $515k not the 766k shown in the attachment and we dont qualify for any refinancing as we were already at the limits. We never would have signed documents or prepaid for fees if we were told the truth in the first place. ******* was fired by federal savings and we were told by his boss ****** he did this to numerous customers and this is why he was let go. ****** then took over our case and we explained everything to him and asked for a refund as there is nothing we can qualify for and we never would of wasted $810 for no reason as FHA limits are not what we were told by Federal savings. After 3 weeks it took ****** to look into our file he agreed we were told wrong information and there is nothing we can do as we are already at FHA limits of 515k and no idea where they got the 766k in the beginning. He said he could only refund $61 because we signed the documents. When in explained we only signed them based on the lies we were given he basically said that was too bad and nothing he could do. I am requesting federal savings refund the entire $810 based on the multiple information I have sent them proving we were completely lied to in order to sign these documents and pay the fees.
      Read More

      Customer Reviews

      378 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      JItender K

      5 stars

      08/22/2024

      Team ***** rocks!!Getting a home loan is Hard That's what i hear from everyone as it was my first home loan. But when i started my process With your team they completely changed my scenario, From point A to B they helped me with everything which was needed to be done for closing, I will refer all my friends to you guys whenever they are in need to get home loan. Thanks a lot for helping me out to get my first house. Looking forward to work with you guys in future.

      Local BBB

      BBB of Chicago & Northern Illinois

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