First Security Trust and Savings Bank Financial Services Overview

First Security Trust and Savings Bank offers a wide range of financial services to meet the diverse needs of its customers.

They provide personal banking services, including checking and savings accounts, loans, and credit cards, making it easy for individuals to manage their finances.

Their commercial banking services cater to businesses, offering cash management, treasury management, and loan solutions. This helps businesses grow and thrive.

By offering these services, First Security Trust and Savings Bank aims to be a one-stop-shop for all financial needs, making it convenient for customers to bank with them.

At First Security Trust and Savings Bank, we offer a range of services to help you manage your finances with ease. We can set up an Investment Management Account (IMA) for you, which takes care of the daily stress of keeping up with the financial market.

An IMA is tailored to your individual needs, based on your risk tolerance, financial goals, and objectives. We'll develop an asset allocation plan just for you, and make investment decisions based on thorough research of all appropriate investments and market conditions.

We offer IMAs to individuals, including those with taxable or taxpayer deferred accounts, as well as small businesses, pensions, and profit sharing plans. Our team will monitor the market for attractive investments, watch economic conditions and market movements, and measure the performance of your current investments.

First Security Bank offers a Custody Services option for clients who want to make their own investment decisions without the hassle of managing their securities.

This type of account allows you to buy and sell assets only at your own instructions.

Our investment professionals won't offer investment advice or recommendations, but they will provide you with detailed statements listing all transactions.

Assets held in Custody accounts are not deposits of the bank and are not FDIC insured.

Keep in mind that investments can lose value and there's no bank guarantee to protect your assets.

If you're looking for a hands-off approach to managing your investments, a Custody account might be the right choice for you.

An Investment Management Account (IMA) is designed to take the stress out of managing your investments. It's a personalized service that helps you achieve your financial goals.

We'll develop an asset allocation plan tailored to your risk tolerance, financial goals, and objectives. This plan is the foundation of your IMA.

We continuously monitor the market for attractive investments, carefully watching economic conditions and market movements. This ensures your investments are always aligned with your goals.

Here are some key benefits of an IMA:

IMAs are available to a wide range of clients, including individuals, small businesses, pensions, and profit sharing plans.

The financial performance of First Security Trust and Savings Bank is a key aspect to consider. The bank has $354.8 million in assets, which will be added to Byline's balance sheet.

This addition will improve Byline's balance sheet flexibility. The loan mix of First Security adds portfolio diversification to Byline's financial metrics.

First Security brings $201.4 million in loans to the table. This will enhance Byline's financial position and provide a more diverse portfolio.

The merger also includes $321.8 million in deposits from First Security. This will further solidify Byline's position as Chicago's largest community bank.

Here are the key financial aspects of the merger:

The financial data of First Security Trust and Savings Bank paints a picture of a stable institution.

Total assets of the bank stand at $243,711, which is lower than the average of all insured commercial banks in Illinois at $290,894.

The bank's total net loans amount to $129,184, while the total deposits are $213,289.

Profitability is a key indicator of a bank's health, and First Security Trust and Savings Bank has a net income of $1,192, which is lower than the average of all insured commercial banks in Illinois at $2,670.

The bank's return on average assets is 0.488, which is lower than the average of all insured commercial banks in Illinois at 0.919.

Here's a breakdown of the bank's capital adequacy ratios:

The bank's efficiency ratio is 84.009, which is higher than the average of all insured commercial banks in Illinois at 67.9.

Noninterest income accounts for 16.084% of the bank's revenue, which is in line with the average of all insured commercial banks in Illinois at 16.598%.