Washington Savings Bank is a bank based in Effingham, Illinois, established in 1883, with $605 million in total assets across 4 branches. By Trust Grade it ranks 159th of 328 banks we track in Illinois. Its capital ratio of 11.1% is stronger than 63% of similarly sized banks, versus a Illinois median of 10.3%. It was profitable over the most recent period, with a 0.71% return on assets. No consumer complaints against Washington Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Washington Savings Bank compares to Illinois peers
How we graded Washington Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.1% capital ratio)
- Profitable (ROA 0.71%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Washington Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 1117 Broadway Ave E, Mattoon, IL 61938
- 1111 Charleston Ave, Mattoon, IL 61938
- 200 S Banker St, Effingham, IL 62401
- 1300 N Keller Dr, Effingham, IL 62401
Are deposits at Washington Savings Bank insured?
Yes. Washington Savings Bank is an FDIC-insured bank (FDIC certificate #29227). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Washington Savings Bank: frequently asked questions
Is Washington Savings Bank a good bank?
Washington Savings Bank earns a Bankzia Trust Grade of A (96/100, "Excellent"), based on a financial-strength score of 96/100 (it has no CFPB complaints on record). Strongly capitalized (11.1% capital ratio); Profitable (ROA 0.71%).
Is Washington Savings Bank FDIC-insured?
Yes. Washington Savings Bank is a FDIC-insured bank (FDIC certificate #29227). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Washington Savings Bank?
Washington Savings Bank holds $605 million in total assets, ranking 159th of 328 banks we track in Illinois. It operates 4 branches.
Does Washington Savings Bank have CFPB complaints?
No CFPB complaints against Washington Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
