Better Banks is a bank based in Peoria, Illinois, established in 1898, with $426 million in total assets across 10 branches. By Trust Grade it ranks 256th of 328 banks we track in Illinois. Its capital ratio of 8.1% trails most similarly sized banks (17th percentile), versus a Illinois median of 10.3%. It was profitable over the most recent period, with a 1.22% return on assets. No consumer complaints against Better Banks appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Better Banks compares to Illinois peers
How we graded Better Banks
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.1% capital ratio)
- Strongly profitable (ROA 1.22%)
- No CFPB complaints on record
The Trust Grade is Bankzia’s independent, documented opinion computed from public FDIC/NCUA/CFPB data — not an official rating, and not a statement about the safety of insured deposits. Report a data error or dispute this grade →
Consumer complaints (CFPB)
No CFPB complaints are on file for Better Banks over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (10)
- 10225 N Knoxville Ave, Peoria, IL 61615
- 122 W Broadway, Astoria, IL 61501
- 1204 W Garfield Ave, Bartonville, IL 61607
- 900 N 4th St, Chillicothe, IL 61523
- 10045 West Lancelot Drive, Mapleton, IL 61547
- 201 N 2nd St, Dunlap, IL 61525
- 305 W Main St, Glasford, IL 61533
- 805 W Jackson St, Morton, IL 61550
- 5600 S Adams St, Bartonville, IL 61607
- 200 W Williams St, Wyoming, IL 61491
Are deposits at Better Banks insured?
Yes. Better Banks is an FDIC-insured bank (FDIC certificate #1808). 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.
Better Banks: frequently asked questions
Is Better Banks a good bank?
Better Banks earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Well-capitalized (8.1% capital ratio); Strongly profitable (ROA 1.22%).
Is Better Banks FDIC-insured?
Yes. Better Banks is a FDIC-insured bank (FDIC certificate #1808). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Better Banks?
Better Banks holds $426 million in total assets, ranking 256th of 328 banks we track in Illinois. It operates 10 branches.
Does Better Banks have CFPB complaints?
No CFPB complaints against Better Banks 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.
