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Better Banks
✓ FDIC-insured · Active FDIC Certificate #1808
Better Banks is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Peoria, Illinois, established in 1898. As of the 06/30/2026 FDIC call report, it reported $446M in total assets and $407M in deposits. FDIC location data lists 9 offices in Illinois. The FDIC classifies it as a community bank. It is owned by the holding company BACKLUND INV EMPLOYEE STK OWNERSHIP PLAN (Peoria Heights, IL).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 9 of Better Banks's FDIC-listed offices are in Illinois. Browse banks in Peoria for other local options.
Branch locations
| Better Banks Better Banks · Full Service - Brick And Mortar | 10225 N Knoxville Ave Peoria, IL 61615 Map ↗ |
| Better Banks Farmers State Bank Branch · Full Service - Brick And Mortar | 122 W Broadway Astoria, IL 61501 Map ↗ |
| Better Banks Bartonville Facility · Full Service - Brick And Mortar | 1204 W Garfield Ave Bartonville, IL 61607 Map ↗ |
| Better Banks 900 North 4th Street Branch · Full Service - Brick And Mortar | 900 N 4th St Chillicothe, IL 61523 Map ↗ |
| Better Banks Dunlap Branch · Full Service - Brick And Mortar | 201 N 2nd St Dunlap, IL 61525 Map ↗ |
| Better Banks Glasford Main Branch · Full Service - Brick And Mortar | 305 W Main St Glasford, IL 61533 Map ↗ |
| Better Banks Morton Branch · Full Service - Brick And Mortar | 805 W Jackson St Morton, IL 61550 Map ↗ |
| Better Banks Bartonville Bank Branch · Full Service - Brick And Mortar | 5600 S Adams St Bartonville, IL 61607 Map ↗ |
| Better Banks Wyoming Bank & Trust Company - Branch · Full Service - Brick And Mortar | 200 W Williams St Wyoming, IL 61491 Map ↗ |
Holding company: BACKLUND INV EMPLOYEE STK OWNERSHIP PLAN
The FDIC lists BACKLUND INV EMPLOYEE STK OWNERSHIP PLAN, based in Peoria Heights, IL, as the top holding company for Better Banks. It also owns one other FDIC-insured bank:
- State Street Bank and Trust Company, Quincy, IL ($357M in assets)
FDIC deposit insurance applies separately to each insured bank charter, even when they share a holding company. Confirm the charter before you spread deposits.
Similar-size banks in Illinois
Active FDIC-insured banks headquartered in Illinois with total assets closest to Better Banks's $446M. See all banks in Illinois.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Stillman BancCorp N.A. | Stillman Valley | $646M | 6 |
| Legence Bank | Eldorado | $643M | 11 |
| Bank & Trust Company | Litchfield | $641M | 11 |
| TrustBank | Olney | $640M | 8 |
| The First National Bank of Carmi | Carmi | $622M | 12 |
| The Fairfield National Bank | Fairfield | $621M | 3 |
| Peoples National Bank of Kewanee | Kewanee | $588M | 10 |
| Washington Savings Bank | Effingham | $585M | 4 |
Better Banks: common questions
Is Better Banks FDIC-insured?
Yes. Better Banks is an active FDIC-insured institution, FDIC Certificate #1808. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Better Banks headquartered?
Better Banks is headquartered at 10225 N Knoxville Ave, Peoria, IL 61615, according to FDIC records.
How many branches does Better Banks have?
FDIC location data lists 9 offices for Better Banks, all in Illinois.
Who owns Better Banks?
The FDIC lists BACKLUND INV EMPLOYEE STK OWNERSHIP PLAN of Peoria Heights, IL as the top holding company for Better Banks. The same holding company owns 1 other FDIC-insured bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.