Question 1

What is Marquette Bank?

Accepted Answer

Marquette Bank is a privately-held, locally-owned community bank serving the Chicagoland area. With over $2.1 billion in assets and 22 offices throughout the region, Marquette Bank is one of the few remaining independent financial institutions in the Chicago metropolitan area. The bank specializes in providing personalized banking services to individuals, families, and businesses in southwest Chicago and surrounding suburbs.

As a community-focused institution, Marquette Bank combines the comprehensive financial products and conveniences of a large bank with the personal attention and local decision-making characteristic of a neighborhood bank.

Question 2

When was Marquette Bank founded?

Accepted Answer

Marquette Bank was founded on May 12, 1945, originally as Marquette National Bank. John F. McCarthy was a founding Director and served as Chairman of the Board until 1990.

The bank was established with a philosophy and commitment to provide financial services to meet the savings and borrowing needs of the southwest Chicagoland area communities. Today, Paul M. McCarthy, John's son, serves as Bank Chairman, with Betty Harn serving as President and CEO, maintaining the family legacy and community-focused approach that has defined the institution for nearly 80 years.

Question 3

Where is Marquette Bank headquartered?

Accepted Answer

Marquette Bank is headquartered in Chicago, Illinois, specifically at 6316 South Western Avenue in the city's southwest side. This location places the bank at the heart of the communities it has served since its founding in 1945.

Question 4

Where does Marquette Bank operate?

Accepted Answer

Marquette Bank operates exclusively in the Chicago metropolitan area, with 21 banking centers, 2 loan production offices, and a corporate administrative center spread throughout the Chicagoland region. The bank's footprint includes locations in Chicago neighborhoods such as Archer, Bridgeport, Kedzie, Mount Greenwood, and Pulaski, as well as suburban communities including Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Forest, Oak Lawn, Orland Park, Summit, and Tinley Park.

The bank's service area is concentrated in Cook County and surrounding counties within the Chicago-Naperville-Elgin metropolitan statistical area.

Question 5

What services does Marquette Bank offer?

Accepted Answer

Marquette Bank offers a comprehensive range of banking services for both personal and business customers. Personal banking services include checking and savings accounts, money market accounts, certificates of deposit (CDs), IRAs, credit cards, safe deposit boxes, home financing (including purchase, refinance, and home equity loans), and personal insurance products.

Business banking offerings include business checking and savings accounts, small business bundles, business credit cards, merchant payment services, treasury solutions, Positive Pay services, commercial loans, and apartment lending. The bank also provides specialized services such as ZRent for property management and a Shop Local Discount Network.

Wealth management services are available through Marquette Wealth Management and Marquette Insurance Services, offering trust and investment management solutions. The bank has invested significantly in digital banking channels, including robust online banking platforms, mobile banking apps with mobile check deposit capabilities, mobile payments through Zelle, mobile wallets (Apple Pay, Samsung Pay, Android Pay), online bill pay, and a 24-hour automated telephone banking system available in both English and Spanish.

Question 6

What makes Marquette Bank unique?

Accepted Answer

Marquette Bank distinguishes itself through its deep community commitment and exceptional scholarship program. Since 1968, the Marquette Bank Education Foundation has awarded over $4 million in higher-education scholarships to more than 2,000 high school students from Chicagoland neighborhoods. The foundation annually provides scholarships to graduating students from 64 local high schools based on financial need, scholastic achievement, and community service records.

The bank's Marquette Neighborhood Commitment program focuses quarterly on different areas of community need: shelter and housing, hunger, education, and health and wellness. This structured approach to community reinvestment reflects the bank's founding philosophy of serving neighborhood needs.

As one of the few remaining privately-held, locally-owned financial institutions in Chicagoland with over $2 billion in assets, Marquette Bank offers local decision-making and personalized service that larger regional and national banks typically cannot provide. Many employees grew up in the neighborhoods surrounding Marquette's offices and have served the bank throughout their entire careers, creating deep ties to the communities served.

Question 7

What type of financial institution is Marquette Bank?

Accepted Answer

Marquette Bank is a State Member Bank regulated by the Federal Reserve Board. The institution changed from a national bank charter (under the Comptroller of the Currency) to a state bank charter in 2001, at which time it also changed its name from Marquette National Bank to Marquette Bank.

As a commercial bank, Marquette Bank accepts deposits insured by the FDIC and provides a full range of lending and banking services to both consumers and businesses. The bank has grown through strategic acquisitions, having acquired several financial institutions over the decades, including American Security Federal Savings and Loan Association (1990), Summit First Savings and Loan Association (1990), Huntington Federal Savings Bank of Illinois (1995), Orland State Bank (1996), and Hemlock Federal Bank for Savings (2006).

Question 8

How has Marquette Bank grown over the years?

Accepted Answer

Throughout its nearly 80-year history, Marquette Bank has strategically expanded its footprint and service offerings while maintaining its community focus. The bank has completed multiple acquisitions of local financial institutions, allowing it to expand its branch network throughout the southwest Chicagoland area while preserving neighborhood banking relationships.

The bank has continuously invested in technology and digital banking capabilities to meet evolving customer needs. Despite this modernization, Marquette Bank has maintained its commitment to personal service and local decision-making, ensuring that customers receive both cutting-edge banking conveniences and the attention of a neighborhood institution that understands the unique needs of the communities it serves.

With assets growing to over $2.1 billion, Marquette Bank has achieved the scale necessary to offer sophisticated financial products while remaining independent and locally controlled.

Marquette Bank

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About Marquette Bank in the United States