Question 1

What is BankChampaign?

Accepted Answer

BankChampaign is a community-focused commercial bank headquartered in Champaign, Illinois. Operating as a subsidiary of Market Place Bancshares, Inc., the bank specializes in providing relationship-based financial services to personal, commercial, and investment customers in the Champaign-Urbana metropolitan area.

With approximately $243 million in assets and 2 branch locations, BankChampaign has established itself as a locally owned institution with deep roots in the community. The bank emphasizes commercial lending, investment management, and trust services while maintaining a strong commitment to exceptional customer service.

Question 2

When was BankChampaign founded?

Accepted Answer

BankChampaign was originally founded on March 14, 1977, under the name Market Place National Bank. The institution was established to serve the growing financial needs of the Champaign-Urbana community.

On February 19, 1979, the bank officially adopted the name Market Place National Bank, and later underwent a significant rebranding on October 2, 1989, when it became BankChampaign, National Association—the name it operates under today. Throughout its history, the bank has relocated its main office several times, moving to Five Convenience Center Road in 1984 and finally to its current location at 2101 South Neil Street in 1990.

In 1991, the bank expanded its capabilities by changing its trust powers to full, allowing it to offer comprehensive trust and fiduciary services to its clients.

Question 3

Where is BankChampaign headquartered?

Accepted Answer

BankChampaign is headquartered at 2101 South Neil Street in Champaign, Illinois. The main office is located in the southern part of Champaign, providing convenient access to customers throughout the area.

Question 4

Where does BankChampaign operate?

Accepted Answer

BankChampaign operates exclusively in the Champaign-Urbana metropolitan area of Champaign County, Illinois. The bank maintains 2 branch offices, both located in Champaign.

The bank's primary service area encompasses the economically diverse communities of Champaign and Urbana, including the University of Illinois at Urbana-Champaign campus area. One branch facility is located near Market Place Mall in north Champaign-Urbana and offers deposit services, while the main office provides full banking services. The bank also operates ATMs at multiple locations, including one at Knollwood Shopping Center south of the main office.

Question 5

What services does BankChampaign offer?

Accepted Answer

BankChampaign offers a comprehensive suite of banking services tailored to both individuals and businesses:

Personal Banking: The bank provides checking and savings accounts, certificates of deposit, residential mortgages, and consumer loans. Personal banking customers benefit from relationship-based service and personalized financial guidance.

Commercial Banking: As a commercial lending specialist, BankChampaign focuses heavily on business banking services, including commercial real estate loans, commercial and industrial loans, lines of credit, and small business lending. Commercial lending represents approximately 58% of the bank's loan portfolio, demonstrating its expertise in this area.

Investment Management and Trust Services: The bank has full fiduciary powers and offers trust services, estate planning, retirement planning, and investment advisory services. The bank's staff provides expertise in wealth management and long-term financial planning.

Digital Banking: BankChampaign offers modern digital banking solutions through its mobile banking app (available on both iOS and Android platforms) and online banking platform. Digital services include mobile check deposit, account management, bill pay, fund transfers, balance alerts, and branch/ATM locators. The mobile app features secure login with biometric authentication and allows customers to add tags, notes, and photos to transactions for better financial organization.

Question 6

What makes BankChampaign unique?

Accepted Answer

BankChampaign distinguishes itself through several key characteristics:

Local Ownership and Community Focus: Unlike many banks that are part of large national chains, BankChampaign is locally owned and operated, allowing it to make decisions based on local community needs. The bank actively supports charitable organizations through financial donations and volunteer efforts.

Commercial Lending Specialization: The bank has developed particular expertise in commercial real estate lending, with a loan portfolio that includes significantly higher percentages of multifamily mortgages and commercial real estate compared to peer banks in Illinois.

Community Partnerships: BankChampaign sponsors innovative community programs like "BankChampaign Shots for Scholarships," which raises funds for postgraduate scholarships for University of Illinois student-athletes during basketball game halftimes. The bank also supports organizations like Champaign County CASA, Promise Healthcare, Family Service, and The Salvation Army.

Relationship Banking Philosophy: With approximately 31 employees serving the community, BankChampaign emphasizes building long-term relationships with customers rather than transactional banking. This approach allows for personalized service and deep understanding of customer financial goals.

Strong Financial Performance: The bank maintains robust financial metrics, including a Return on Assets (ROA) of 1.74% and Return on Equity (ROE) of 14.95%, demonstrating efficient and profitable operations.

Question 7

What type of financial institution is BankChampaign?

Accepted Answer

BankChampaign is a National Bank with a commercial banking focus. As a National Bank, it operates under a federal charter and is regulated by the Office of the Comptroller of the Currency (OCC). The bank is also a member of the Federal Reserve System and is FDIC-insured under certificate number 22434.

The bank is classified as an S-Corporation for tax purposes and operates as a commercial bank with commercial lending specialization. This designation reflects the bank's primary focus on serving business customers, commercial real estate investors, and companies in need of financing, while also providing full retail banking services to individual consumers.

As a community bank, BankChampaign combines the stability and security of federal regulation with the flexibility and personalized service of local ownership, positioning itself to meet the unique financial needs of the Champaign-Urbana market.

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