Small Acts. Big Impact.
May 15, 2026
For eighty years, Devon Bank has operated on a simple belief: take care of your community, and your community takes care of you. What started as a neighborhood bank serving Chicago's immigrant and working-class families has grown into a nationally recognized community bank, a Certified Minority Depository Institution that offers Islamic home financing in 33 states, serves customers other banks turn away, and measures success not just in returns, but in families housed, businesses launched, and neighborhoods strengthened.
Our 2025 Impact Report is a look at what that belief look like in practice. It's the story of a catering company that grew from a grandmother's kitchen. The century-old kosher market that found new life. A community co-op that took twelve years to open its doors, and the families, entrepreneurs, and organizations across Chicago and beyond who trusted us to be more than a lender. We hope you'll read it:
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Thank You for Being Part of Our 2025.
December 30, 2025
As 2025 comes to a close, we want to take a moment to say thank you. Thank you for choosing Devon Bank. Thank you for believing in us. For putting community first. For choosing to bank locally. And thank you for believing in the kind of banking that puts people first. It has been our pleasure to serve you, whether you are a customer, neighbor or friend. Community banking isn’t just what we do, it’s who we are.
From all of us at Devon Bank, we wish you a joyful, healthy, and hopeful New Year. Thank you for being part of our story. We can’t wait to see what we’ll accomplish together in 2026.
With gratitude,
The Devon Bank Team
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September 15, 2025
Eighty years ago, Devon Bank opened its doors with a simple mission: to serve its neighbors. Today, as we celebrate our 80th anniversary, that mission is more relevant than ever.
In a world where financial institutions often feel distant and impersonal, community banks stand apart. We are rooted in the neighborhoods we serve. We know the names behind the account numbers, the stories behind the loan applications, and the dreams behind every deposit slip. Community banking isn’t just about transactions — it’s about relationships, trust, and a shared commitment to building something stronger together.
Our role extends far beyond dollars and cents. Community banks fuel small businesses, support first-time homebuyers, and create opportunities for families to thrive. We invest in schools, sponsor local events, and roll up our sleeves alongside nonprofits that make a difference. Every branch, every employee, every customer interaction becomes part of the fabric that holds neighborhoods together.
Eighty years in, Devon Bank is proud to honor that legacy — and to carry it forward. Because community banks don’t just serve communities; we are communities. And as the world changes, one thing will always remain the same: our mission begins and ends with you.
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Personal
We offer a full range of accounts and services for all your personal banking needs. From free checking and money market accounts to certificates of deposit; from debit and credit cards to mobile banking!
Business
Whether you run just started a business, or you are an established business owner, Devon Bank has the financial tools to put you on the path to success.
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About Us
Devon Bank originally opened as the Devon North Town State Bank on September 15, 1945, just after the end of World War II. Our founders were local merchants who believed that the community known then as North Town, on Chicago’s North Side, would benefit from a community bank. Today, well over seven decades later, Devon Bank remains an independent community bank with deep roots in our communities and with the dedicated customer commitment envisioned by our founders. Primarily owned and operated by the Loundy family since 1953, Devon Bank has grown and changed...
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Having lived through The Great Recession at Devon Bank, and seen what that recession did to our communities, our competitors, and our own institution, this time, we have tried to get out ahead of people’s needs to help where we can and to be a leader of the recovery. As people decide where to work and where to bank we hope they will choose us. Because we care.
David Loundy
Chairman of the Board of Directors