Devon Bank originally opened as the Devon North Town State Bank on September 15, 1945, just before 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, 70 years 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 gracefully, along with our customers and our communities.
We are a full service community bank offering business and personal banking, commercial, real estate and mortgage loans, trust and international services. We also offer a broad range of electronic banking services from online banking and bill pay to ATM/Debit Cards and Voice Banking. In addition to a high level of professional service, our service is personalized to the individual needs of our customers and our communities. There’s no one size fits all when it comes to banking services from Devon Bank.
Devon Bank’s mission has always been to be the bank that the neighborhood needs—to tailor its service offerings to the particular demands of the community. This means that with our headquarters in one of the most diverse neighborhoods in the country, the Devon Bank staff on average speaks collectively more than 30 languages. It means that the Bank has provided mortgage seminars in Romanian. It means that the Bank has presented financial literacy classes in Assyrian. It means the Bank has developed the premier Islamic finance program in the country and expanded it out geographically to help serve a broader un-met need. It means the Bank has developed gap-bridging student loan programs for the Jewish Federation. The Bank has helped resettle Russian refugees. The Bank has provided support to churches, synagogues, mosques, a Buddhist temple, social service agencies, community groups, medical providers, and providers of subsidized housing, developers, builders, visionaries, and those that just want to sell groceries to the locals. The caring community bank envisioned by our founders is embodied by both our business and philanthropic commitments. Whether an individual needs a business loan, a home mortgage, car loan, or an organization like a religious or a social service group wants to finance a new facility, we go that extra mile to help them find a way to achieve their financial objectives. We know that time is money. Since we are locally owned, all decisions are made locally, so customers get swift answers and action at all our locations.
We do not use a remote call center; when you call us, you will be connected directly with a personal banker or teller from one of our locations. Or, feel free to stop by any of our branches to meet our friendly and knowledgeable staff.