Fortress Bank

9000 N. Knoxville
Peoria, IL 61615

Notable Rates APY Vs.Others
Savings 0.05% 2.20% →
1-Year CD 1.15% 2.20% →
2-Year CD 1.51% 2.20% →
5-Year CD 1.91% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Fortress Bank is an FDIC insured institution located in Peoria, IL. It was founded in 1904 and has approximately $0.45 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 9632
Date Established 1904
Assets $0.45 billion
Loans $0.34 billion
Deposits $0.38 billion
Capital $0.05 billion

For a more detailed analysis of Fortress Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
0.45% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
0.55% $50,000 - Learn MoreShow Less
0.70% $10,000 $49,999 Learn MoreShow Less
6 Mo CD
0.80% $50,000 - Learn MoreShow Less
Special: 12 Mo CD
0.70% $1,000 - Learn MoreShow Less
1.05% $10,000 $49,999 Learn MoreShow Less
12 Mo CD
1.15% $50,000 - Learn MoreShow Less
1.25% $10,000 $49,999 Learn MoreShow Less
18 Mo CD
1.30% $50,000 - Learn MoreShow Less
1.40% $10,000 $49,999 Learn MoreShow Less
24 Mo CD
1.51% $50,000 - Learn MoreShow Less
1.51% $10,000 $49,999 Learn MoreShow Less
30 Mo CD
1.61% $50,000 - Learn MoreShow Less
1.61% $10,000 $49,999 Learn MoreShow Less
36 Mo CD
1.71% $50,000 - Learn MoreShow Less
1.71% $10,000 $49,999 Learn MoreShow Less
48 Mo CD
1.81% $50,000 - Learn MoreShow Less
1.81% $10,000 $49,999 Learn MoreShow Less
60 Mo CD
1.91% $50,000 - Learn MoreShow Less

0.95% $1,000 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1,000 - Learn MoreShow Less

Loan Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Fortress Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.375% 3.375% 0.00 ($22) $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Fortress Bank
To upload and update your bank's rates please register. It is free to register and add rates.


Fortress Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Fortress Bank Locations

Financial Details

Fortress Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Fortress Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Fortress Bank U.S. Bank Average
12.18% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2019, Fortress Bank had $5,997,000 in non-current loans and $224,000 in owned real estate. To cover these potential losses it had $46,743,000 in equity and $4,345,000 in loans loss reserves. That gives it a Texas Ratio of 12.18%.

Return on Equity
Fortress Bank U.S. Bank Average
7.86% 9.72%

Fortress Bank has a Return on Equity of 7.86% versus the BestCashCow average of 9.72%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Fortress Bank U.S. Bank Average
10.47% 12.89%

Fortress Bank has a Capitalization of 10.47% versus the BestCashCow average of 12.89. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Fortress Bank Balance Sheet Analysis

As of September 30, 2019, Fortress Bank had assets of $446,633,000, loans of $340,558,000, and deposits of $379,636,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.34 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.01 billion
     Total Assets $0.40 billion
Total deposits $0.38 billion
      Interest-bearing deposits $0.32 billion
      Deposits held in domestic offices $0.38 billion
      % insured (estimated) 80.83%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.40 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Fortress Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Fortress Bank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.09
Credit Card Loans 0.00
Consumer Auto Loans 1.22
Small Business Loans 0.00
Construction and Development Loans 8.24
Commercial Real Estate 16.29
Commercial and Industrial Loans 18.95
Farm Loans 7.21

Frequently Asked Questions About Fortress Bank

Branches and Savings

Is Fortress Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9632.

Why does Fortress Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Fortress Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Fortress Bank a commercial bank?


Where are Fortress Bank locations?

See branch locations nearby.

Is Fortress Bank open on Saturdays?

Is Fortress Bank open on Sundays?

What time does Fortress Bank open?

What time does Fortress Bank close?

Are Fortress Bank ATMs Open 24/7?

Do Fortress Bank ATMs accept cash deposits?

Can Fortress Bank customers use other ATMs?

Do Fortress Bank branches have notaries?

Will Fortress Bank notarize my document?

What address for Fortress Bank should I put for incoming ACH transfers?

Will the Fortress Bank branch print checks?

Do Fortress Bank checks expire?

Does Fortress Bank require US citizenship to open account?

Can Fortress Bank close my account?

Does Fortress Bank Report to credit bureaus?

Does Fortress Bank Use Equifax?

What is Fortress Bank's ACH Routing Number?

What is Fortress Bank's SWIFT code?


Does Fortress Bank offer mortgages?

Compare mortgage rates here.

Does Fortress Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Fortress Bank offer personal loans?

Compare personal loan rates here.

Does Fortress Bank offer student loans?

Will Fortress Bank cash a check?

Will Fortress Bank redeem a savings bond?

Does Fortress Bank cash savings bonds?

Will Fortress Bank cash money orders?

Can Fortress Bank issue a money order?

Does Fortress Bank do currency exchange?

Background on The Bank

Who owns Fortress Bank?

How long has Fortress Bank been around?

Can Fortress Bank transfer to other banks?

Does Fortress Bank have quick pay?

Does Fortress Bank accept rolled coins?

Will Fortress Bank accept loose change?

Where is Fortress Bank headquarters?

Customer Reviews for Fortress Bank

There are currently no comments for Fortress Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →