Villa Grove State Bank Rates & Review

Villa Grove State Bank Review

Since 1919, Villa Grove State Bank has served Villa Grove, Illinois, and the surrounding community with checking, savings, farm loans, and other products.

Villa Grove State Bank has served its local community since 1919 with a range of banking products and services from its main bank and drive-up facility.

Personal banking

Checking account options include free checking with minimum balance, an interest-earning NOW account, and a Freedom 55 account for customers at least 55 years old. The Shazam check card provides access to one's checking account through the MasterCard and Cirrus networks.

A savings account comparison at the Villa Grove State Bank website reveals a Passbook savings account, a Christmas Club account, and a money market account, along with CDs and IRAs with maturities ranging from three to 60 months.

Business services

According to the bank's website, there are no service charges for Business Checking accounts at Villa Grove State Bank. The bank offers safe deposit boxes, direct deposit, escrow services, and wire transfers.

Loans offered at Villa Grove State Bank include personal, auto and truck, home improvement, real estate, business, farm, and farm real estate loans.

Deposit insurance and TAG program

At the time of writing (September 2010), the bank's website indicated that Villa Grove State Bank participated in the FDIC's Transaction Account Guarantee TAG Program, meaning that through December 31, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account over and above the standard FDIC limits of $250,000 per depositor. This additional coverage is subject to change by the bank at any time.