South Central Bank, National Association, is a community bank with a national banking charter, with offices on the near south and near west side of Chicago. Deposit services are provided to residents, local businesses and organizations and their employees. Loans are provided to our depositors and others in the community.
Our mission is to provide the highest level of personal contact, in addition to being on the "cutting edge" of the technological changes of our industry. You’ll always talk to a live person at South Central Bank. Our bankers will connect you to all that South Central Bank has to offer. You will get to know us and we will get to know you.
Customers can also use on-line access at www.banksouthcentral.com for business or personal banking, or apply for a home mortgage online at www.homeloanrate.com , but during banking hours, customers can call the same banker they know and trust to answer their questions or get help with their accounts.
South Central Bank, N.A. specializes in certain loans outside the immediate community. The bank is an expert in the home improvement finance industry (www.remodeloan.com), servicing home improvement contractors in fourteen Midwest, Mid-South, and Mid-Atlantic states.
The bank is a Preferred Lender with the SBA (Small Business Administration) and offers SBA loans to small businesses throughout the Chicago metropolitan area. South Central Bank was a pioneer in sweeping excess funds for businesses into sweep accounts (www.sweepaccount.com).
Whatever you ask of us, we want to be ”A Bank That’s All Your Own.”
South Central Bank was established in 1966 as a community bank servicing the near-south-side area of Chicago, a primarily commercial district. In 1966, after urban renewal changed the original home area of the bank, commercial and personal banking services needed to be re-established in the new community.
The near south side of Chicago is now one of the fastest growing residential areas in Chicago. Convenience shopping, including major food stores and retailers, are new and add to the array of unique and special retail stores which characterized this area for many years.
The bank has grown beyond a single community bank and opened a new headquarters in 2000 to service its original neighborhood. There are now five locations in the Near South Loop, West Loop, Chinatown, Bridgeport and West Town.
We are commercial bankers for over a thousand businesses throughout the Chicago metropolitan area, including Chicago neighborhoods and suburbs. As a vital member of the business community, we provide the best in business service, offering assistance for every business need. Our lending programs for local qualified businesses meet and exceed our competitors’ programs and commercial lenders are available to help with all your business credit needs. In 2005 we became one of the first banks anywhere to extensively use remote capture, and hundreds of our businesses use our I-CAPTURE product to clear checks efficiently from their own office.
South Central Bank was one of the first Small Business Administration Preferred Lenders, enabling the bank to make SBA 7A small business loans throughout northern Illinois.
South Central Bank is also one of the leading home improvement lenders in the Midwest, servicing home improvement contractors and their consumer customers in Illinois, Wisconsin, Indiana, Michigan, Ohio, Kentucky, Minnesota, Missouri, Virginia, Maryland, Pennsylvania, Iowa, Kansas and Tennessee. The bank is the leading provider of HUD/FHA Title 1 home improvement financing in Illinois and adjoining states and assisted in the legislative process in the U.S. Congress to foster responsible home improvement lending programs throughout the United States.