BNET Industries
Last Fiscal Year Sales:$11.1M
- Private
- US
Dow Jones Description
Interstate Bank is an owner-operated, full service, community bank serving the Chicago area since 1970. It all began back in 1968, when the Illinois Commerce Commissioner of Banks and Trust Companies issued a permit to organize Interstate Bank of Oak Forest. The founders of Interstate Bank of Oak Forest included local residents and area businessmen who sought to fill the need for a high quality, professional financial institution in the south suburbs of Chicago. After a year of raising funds, organizing and planning, approval came from the Federal Deposit Corporation, which allowed construction to begin at our first location at 15533 South Cicero Avenue in Oak Forest. Finally on June 25, 1970 Interstate Bank of Oak Forest opened its doors for business. In a continued effort to provide high quality, professional service, to the community we serve, it was decided in 1997 to expand operations into neighboring Tinley Park and we constructed our first branch bank at 16700 South Harlem Avenue. That same year we shorten our name to simply, Interstate Bank. Our decision to branch was in direct response to our expanding customer base and their need for another facility. Additionally, Interstate Bank has changed with the financial needs of our community by offering the products and services that satisfy our customers, while providing the same customer service that has made our bank a success for over the last quarter-century...
Chairman of The Board & CEO
John CluckNumber of Employees 55
Contact Information
15533 South Cicero Ave
Oak Forest, Illinois 60452
(708) 687-6000
Peer Companies
NAICS Code Commercial Banking: 522110
News & Analysis
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interstate bank - All News and Analysis
Federal Home Loan Bank of Seattle Announces First Interstate Bank as Recipient of 2009 Community Spirit Award
- 2009-06-02
SEATTLE -- The Federal Home Loan Bank of Seattle Seattle Bank has named First Interstate Bank, headquartered in Billings, Montana, as the recipient of the Seattle Bankâ??s 2009 Community...
Foundation Source® Announces Strategic Alliance with First Interstate Bank; Provides Growing Affluent Population Throughout Montana and Wyoming With Market Leading Support Services for Private Foundations
- 2005-09-13
FAIRFIELD, Conn. -- Foundation Source, the nation's leading provider of support services for private foundations, today announced a strategic alliance with First Interstate Bank. Based in Billings, Montana, First Interstate Bank is a family owned $4.2 billion banking organization operating 53 branches throughout Montana and Wyoming. First Interstate Bank...
Kofax Information Capture Speeds Enterprisewide Distributed Processing of Financial Documents at First Interstate Bank
- 2005-02-02
IRVINE, Calif. -- Kofax's Ascent Capture Technology and VRS Drastically Reduce Manual Loan Processing and Streamlines Customer Account Administration Throughout First Interstate's Distributed Branch Network
First Interstate Bank converts former Bank of A. Levy offices, customer accounts, over April 22 weekend
- 2003-04-01
LOS ANGELES--BUSINESS WIRE--April 21, 1995--The branches and customer accounts of the former Bank of A. Levy will be converted to First Interstate Bank over the April 22 weekend.First Interstate acquired Bank of A. Levy, Ventura County's largest independent bank, on Feb. 1. The merger has more than doubled First...
First Interstate Bank Partners with Financial Management Solutions, Inc. for Teller Benchmark Analysis
- 2000-08-16
Business Editors ATLANTA--BUSINESS WIRE--Aug. 16, 2000 Financial Management Solutions, Inc. FMSI, an Atlanta-based national provider of performance management information including monthly teller line analysis and optimum work schedules, announced that Billings, Mont.-based First Interstate Bank FIB has selected the company to provide teller benchmark analysis through its flagship...
First Interstate Bank offers disaster relief to flood victims; bank to donate $60,000 to community relief efforts
- 2000-02-01
LOS ANGELES--BUSINESS WIRE--Jan. 16, 1995--First Interstate Bank is offering loan payment deferrals and other disaster relief assistance to Californians whose homes or businesses have been damaged by the storms and floods throughout the state.The bank also is making a charitable contribution of $60,000 to California relief agencies that provide services...
Interstate bank mergers and their impact on shareholder returns: Evidence from the 1990s
- 1998-10-01
During the 1990s merger activity in the commercial banking industry has expanded at a rapid pace primarily due to the loosening of interstate restrictions and the much-improved health of the banking industry. Our study examines interstate merger activity in the banking industry during the 19911995 time period, measures its impact...
Texas to Allow Interstate Bank Branching.
- 1998-05-14
Knight Ridder/Tribune Business News May 14--After exhausting efforts to prevent interstate bank branching in the state, Texas Banking Commissioner Catherine Ghiglieri announced Wednesday that she will begin accepting applications for interstate merger and branching transactions for all state-chartered banks. She said she doesn't want to...
H.F. Ahmanson & Co. names former First Interstate Bank executive as its president and chief operating officer
- 1996-04-17
IRWINDALE, Calif.--BUSINESS WIRE--April 17, 1996--H.F. Ahmanson & Co. (NYSE:AHM), parent company of Home Savings of America, Wednesday announced that it has named Bruce G. Willison, formerly vice chairman of First Interstate Bancorp and chairman, president and chief executive officer of First Interstate Bank of California, as president and chief operating...
California's First Interstate Bank to Lay Off 8 Workers.(Originated from The Bakersfield Californian)
- 1996-04-02
Apr. 1--At least eight First Interstate Bank employees in Bakersfield were notified they will lose their jobs in 60 days as a result of the record $13.2 billion acquisition of their bank's holding company by Wells Fargo & Co., sources confirmed to The Californian . The...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| David Bergin | President & COO |
| Joe K. Ogden | Senior Vice President and CFO |
| Norman Reiher | Secretary and Chief Loan Appraiser |
| Annette H Mullins | Senior Vice President |
| Gene Mayfield | Senior Vice President |
| Mark Marrs | Senior Vice President |
| Mike Blasingame | Senior Vice President |
| Virginia Browning | Senior Vice President & Cashier |
| Andy Kohlstedt | Assistant Vice President |
| Bob Romero | Vice President |
| Dan Walsh | Vice President |
| Deborah Whisenand | Vice President |
| Jeanie Martin | Assistant Vice President |
| Judy Latronico | Vice President |
| Kristie Ludi | Vice President |
| Nancy Cox | Assistant Vice President |
| Roberta Mitchell | Assistant Vice President |
| Teri Alexander | Assistant Vice President |
| Amy Barcus | Branch Operations Manager |
| Diane Sauerbier | Branch Manager |
| Justine Bieniek | Branch Operations Manager |
| Tom DeRobertis | Senior Vice President & Controller |
| Sharon Tamberlin | Teller Officer |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John Cluck | Chairman of The Board & CEO |
| Cynthia E Grazian | Vice Chairman of the Board and Chief Loan Officer |
| Cynthia Elmore-Grazian | Vice Chairman of the Board & Chief Loan Officer |
| Shelly Cowan | Vice President and Secretary to The Board |
| Zoel Allen | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Chairman of The Board & CEO | Current |
| Interstate Bank | President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | President & COO | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Vice Chairman of the Board and Chief Loan Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Vice Chairman of the Board & Chief Loan Officer | Current |
| Interstate Bank | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Senior Vice President and CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Secretary and Chief Loan Appraiser | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Senior Vice President & Cashier | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Vice President and Secretary to The Board | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Branch Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Branch Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Senior Vice President & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Teller Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Interstate Bank | Board of Directors | Current |
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Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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