Question 1

What is Lindell Bank?

Accepted Answer

Lindell Bank is a full-service, independent community bank serving the St. Louis metropolitan area. With approximately $938 million in total assets and 15 branch locations throughout the Greater St. Louis region, Lindell Bank provides consumer and commercial lending, personal banking, business banking services, and cash management solutions. Known as "The Bank of Personal Service," Lindell Bank operates as a locally owned and operated institution that has been serving St. Louis families and businesses for over a century.

The bank maintains one of the highest financial ratings in St. Louis for stability and strength, demonstrating its commitment to sound banking practices.

Question 2

When was Lindell Bank founded?

Accepted Answer

Lindell Bank was originally established on January 1, 1923, as Lindell Trust Company. The bank opened at the corner of Grand and St. Louis Avenues in one of the first buildings in the new Peter Lindell addition to the City of St. Louis, which gave the bank its name.

Notably, Lindell Bank is one of only two St. Louis banks that kept its doors open during the bank holidays following the stock market crash that preceded the Great Depression, demonstrating its financial strength and commitment to the community even during the most challenging economic times. In 1990, the institution changed its name to Lindell Bank and Trust Company, and later that same year to Lindell Bank & Trust Company. The bank celebrated its centennial in 2023, marking 100 years of service to the St. Louis community.

Question 3

Where is Lindell Bank headquartered?

Accepted Answer

Lindell Bank is headquartered in St. Louis, Missouri, at 6900 Clayton Avenue. The main office relocated to this address on March 20, 1990, and has remained there through subsequent organizational changes.

Question 4

Where does Lindell Bank operate?

Accepted Answer

Lindell Bank operates throughout the Greater St. Louis metropolitan area, spanning both Missouri and Illinois. The bank maintains 15 convenient branch locations and 17 ATMs across two states, serving communities throughout the St. Louis region.

The bank's branch network includes locations in St. Louis City and St. Louis County in Missouri, as well as locations in East St. Louis, Illinois. Through strategic acquisitions over the years, Lindell Bank has expanded its footprint to include locations in St. Peters, Eureka, and other suburban communities surrounding St. Louis.

Question 5

What services does Lindell Bank offer?

Accepted Answer

Lindell Bank offers a comprehensive range of personal and business banking services. Consumer banking services include checking accounts (including No Strings Checking), savings accounts, certificates of deposit with competitive rates, and money market accounts. The bank provides various lending products including home mortgages, home equity loans, consumer loans, and personal lines of credit.

Business banking services encompass commercial lending, business checking and savings accounts, cash management solutions, and merchant credit card services. The bank also offers treasury management services for business clients seeking efficient financial operations.

Digital banking capabilities include online banking, mobile banking apps available on Google Play and Apple App Store, electronic statements (eStatements), mobile check deposit, bill pay services, and wire transfer services. The bank emphasizes security education and fraud prevention, maintaining an Education Center with online videos covering safety and security topics.

Question 6

What makes Lindell Bank unique?

Accepted Answer

Lindell Bank distinguishes itself through its unwavering commitment to local ownership and personal service in an era dominated by large national banks. As one of the few remaining independent community banks in St. Louis, Lindell Bank maintains decision-making authority locally, allowing for more personalized service and faster responses to customer needs.

The bank's remarkable resilience during the Great Depression—remaining open when most banks closed—established a legacy of stability and trustworthiness that continues today. Lindell Bank has grown through strategic acquisitions including Duchesne Bank (1998), Concord Bank (2016), First Illinois Bank (2017), and Rockwood Bank (2021), expanding its reach while maintaining its community banking philosophy.

The bank operates as a subsidiary of First Illinois Bancorp, Inc., but retains its local identity and commitment to the St. Louis region. Lindell Bank's strong financial performance is evidenced by its return on assets (ROA) of 2.20% and return on equity (ROE) of 13.79%, demonstrating excellent profitability for a community bank.

Question 7

What type of financial institution is Lindell Bank?

Accepted Answer

Lindell Bank is a State Chartered Commercial Bank and a member of the Federal Reserve System. The bank is classified as a commercial bank with state charter and Federal Reserve membership, supervised by the Federal Reserve Board (FRB).

As a community bank, Lindell Bank focuses on relationship banking and serving the specific needs of its local market rather than pursuing national expansion. The bank is FDIC-insured (Certificate #1073) and operates under the routing number 081001073 for ACH and wire transactions. This institutional structure allows Lindell Bank to combine the personalized service of a community bank with the regulatory oversight and financial stability that comes from Federal Reserve membership and FDIC insurance.

Lindell Bank

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About Lindell Bank in the United States