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Home : About Standard Bank : About Your Neighborhood Standard Bank

About Standard Bank


On August 16, 1947, Standard Bank opened its doors at 79th and Ashland in Chicago. And since that time, we’ve continued to open the door to customer-centered banking services in communities and neighborhoods throughout Illinois and northwest Indiana.

Ours is a history of strategic growth and expansion. Yet, our growth has never caused us to lose sight of the important connection between local banking resources and the growth of local businesses. Today, we’re more committed than ever to promoting the value and stability of the communities we call home.

With over 35 branch locations and a mortgage loan center, we’re a $2.2 billion financial institution. And, with our recent capital infusion, we’ve made ourselves better able to provide you with important financial services. Whether you’re a family looking for a mortgage or a business ready to expand operations, we’re here to help you have a personal and respectful banking experience.

Our focus is local; our service is world-class

Mobile. Online. In person. You’ll always get the best in banking service no matter how you choose to connect with us. We’re your neighborhood banking network, offering you convenient access to personal and professional financial services – when you want it and where you want it. We bring value to your business and a positive presence to the community where you live.

Each of our branches participates in the community by hiring locally, partnering with schools and organizations and consistently getting to know our neighborhoods and businesses better. By volunteering for leadership roles in hundreds of community organizations and activities, Standard Bank & Trust expresses our commitment to being an active member of our local communities and neighborhoods.

In 2013, Standard Bank & Trust was awarded the Illinois Bankers Association Community Service Award for going “above and beyond” in supporting the educational, cultural, and health and welfare needs of individuals in our geographic area.

We believe in our community’s future

What makes a bank a local bank is the people who make the decisions. The men and women of Standard Bank & Trust live and work in the communities and neighborhoods they serve. We are just as interested in the economic growth and stability of local communities as you are because we live and work here, too. We strive to be your trusted provider of financial services supporting your lifetime goals.

Standard Bank and Trust Company Board of Directors

Timothy J. Gallagher Chairman of the Board
Lawrence P. Kelley President/Chief Executive Officer/Vice Chairman
Fredric A. DiPaolo President - Timber Ridge
John D. Gallagher Managing Partner - Gallagher & Henry
Allen Koranda Former Chairman and CEO - MAF Bancorp, Inc.
Mary A. Laraia Deputy Superintendent - Cook County Forest Preserve District
Thomas J. Mertens VP Midwest Regional Sales - US-Reports
Patrick J. Mulchrone President - P.J. Mulchrone Co.
Alfred J. O’Malley Chairman Emeritus
Howard K. Priess II Attorney at Law
Robin C. Purdy President – R.C. Purdy Company
Robert A. Rosholt Chairman of the Board - HCC Insurance Holdings, Inc.
Charles E. Shomo, IV Managing Director - Hancock Securities Group, LLC


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