Which banks are lending on multifamily and commercial real estate in Illinois?
Reviewed by Dominick Prevete, Founder, Blue Sky Capital Advisors
LinkedInBlue Sky Capital Advisors LLC, NJ entity ID 0450507578 (verify on the NJ business search)
326 FDIC-insured banks headquartered in Illinois with under $100 billion in assets held $19.4 billion of multifamily loans and $72.6 billion of commercial real estate loans at June 30, 2026, in Dominick Prevete's analysis of FDIC Call Report data for Blue Sky Capital Advisors, a commercial mortgage advisor. The two largest multifamily books are at Cibc Bank Usa and Busey Bank. 13.5% of the state's bank CRE sits at banks at or above the 300% monitoring level, rank 26 of 43 states.
Data as of June 30, 2026 (Q2 2026 FDIC Call Reports) · Retrieved October 12, 2026MethodologyDownload the Illinois data (CSV)
Illinois bank CRE at a glance
| Measure | Illinois | U.S. | Rank of 43 |
|---|---|---|---|
| FDIC-insured banks | 326 | 4,281 | 2 |
| Multifamily loans | $19.4B | $405.2B | 4 |
| Total CRE loans | $72.6B | $1,600.5B | 6 |
| Multifamily growth, year over year | +7.4% | +3.5% | 19 |
| CRE growth, year over year | +7.0% | +3.4% | 10 |
| Share of CRE at banks at or above 300% | 13.5% | 25.0% | 26 |
| Share of CRE at banks at or above 200% | 51.1% | 71.0% | 37 |
| Banks growing multifamily | 48 of 83 (57.8%) | 670 of 1,066 (62.9%) | 31 |
CRE is construction, multifamily and non-owner-occupied commercial real estate loans. Growth is like for like: Illinois banks that filed at both dates with no merger in the year. "Banks growing multifamily": of the 83 such Illinois banks with a multifamily book of $25 million or more a year earlier, the 48 whose book is larger now; the rank orders that share.
What stands out in Illinois
The 10 largest multifamily books hold 51.0% of Illinois's bank multifamily loans, the lowest of the 43 ranked states (median of the 43 states: 85.2%).
Multifamily loans here are spread across many banks, so a smaller community bank can be a real option alongside the largest holders.
13.5% of Illinois's bank CRE sits at banks at or above the 300% monitoring level, ranking 18th lowest of the 43 ranked states (U.S.: 25.0%).
Less of this state's bank CRE sits at banks near their concentration limits, so concentration is less likely to be why a bank here says no.
Which Illinois banks are growing multifamily?
| # | Bank | City | Multifamily loans | Multifamily, year over year | CRE concentration (% of capital) | CRE, 36 months |
|---|---|---|---|---|---|---|
| 1 | CIBC BANK USA | CHICAGO | $4.0B | +25.0% | 148.9% | +42.1% |
| 2 | BUSEY BANK | CHAMPAIGN | $1.1B | +7.3% | 218.2% | +70.3%† |
| 3 | PARKWAY BANK&TRUST CO | HARWOOD HEIGHTS | $861.3M | +2.2% | 432.8% | +1.1% |
| 4 | MARQUETTE BANK | CHICAGO | $833.3M | +1.7% | 576.1% | −2.5% |
| 5 | HEARTLAND BANK&TRUST CO | BLOOMINGTON | $666.6M | +46.9%‡ | 261.6% | +39.6%† |
| 6 | MORTON COMMUNITY BANK | MORTON | $607.8M | −7.7% | 247.2% | +1.9% |
| 7 | WINTRUST BANK NATIONAL ASSN | CHICAGO | $605.9M | +2.5% | 211.2% | +4.5% |
| 8 | BYLINE BANK | CHICAGO | $456.4M | +3.6% | 128.8% | +17.6%† |
| 9 | FIRST MID B&T NA | MATTOON | $390.8M | +8.4%‡ | 270.7% | +56.7%† |
| 10 | MIDLAND STATES BANK | EFFINGHAM | $381.9M | −13.6% | 261.3% | −14.9% |
| 11 | FCB BANKS | COLLINSVILLE | $366.3M | +13.5% | 289.3% | +24.1% |
| 12 | OLD SECOND NATIONAL BANK | AURORA | $362.1M | +8.5%‡ | 191.6% | +1.4%† |
| 13 | LAKESIDE BANK | CHICAGO | $352.3M | +15.2% | 490.8% | +20.5% |
| 14 | FIRST BANK CHICAGO | HIGHLAND PARK | $306.9M | −11.9% | 298.6% | −4.5% |
| 15 | INB NATIONAL ASSN | SPRINGFIELD | $296.4M | −10.3% | 348.6% | −4.4% |
| 16 | ALBANK NATIONAL ASSN | CHICAGO | $290.8M | −4.5% | 330.8% | −11.7% |
| 17 | HINSDALE B&T CO NA | HINSDALE | $280.1M | +24.8% | 164.5% | +42.6% |
| 18 | NORTHBROOK B&T CO NA | NORTHBROOK | $269.0M | −10.9% | 177.8% | +22.8% |
| 19 | FIRST AMERICAN BANK | ELK GROVE VILLAG | $252.4M | +20.3% | 159.3% | +45.1% |
| 20 | AMALGAMATED BANK OF CHICAGO | CHICAGO | $250.7M | −4.4% | 385.5% | +27.9% |
| 21 | PROVIDENCE BANK&TRUST | SOUTH HOLLAND | $218.9M | −2.7% | 317.3% | +5.0% |
| 22 | FIRST STATE BANK | MENDOTA | $185.6M | −7.2% | 207.6% | +1.6% |
| 23 | FIRST NB OF BROOKFIELD | BROOKFIELD | $183.7M | +16.6% | 467.1% | +38.0% |
| 24 | LAKE FOREST B&T CO NA | LAKE FOREST | $180.4M | +26.0% | 111.7% | +56.4% |
| 25 | UNITED COMMUNITY BANK | CHATHAM | $138.0M | +35.3% | 178.6% | +104.2% |
‡ / † 5 of these 25 Illinois banks absorbed another institution inside the year-over-year / 36-month window (FDIC structure history), so their change reflects a merger, not solely new lending. Names as filed in the FDIC financial data; city is the headquarters. Shading: 300% and over, and 200%–299%.
Banks with $100 billion or more in assets are left out of this table and the state ranks, as on the national page: the largest banks' balance sheets are national. 2 are headquartered in Illinois and are in the Illinois CSV.
This list is FDIC Call Report data, not a list of Blue Sky's lender relationships, and it isn't a ranking or endorsement. How Blue Sky gets paid →
Download every Illinois bank (CSV)Every state, and the national picture →
What this means if you're a borrower in Illinois
Because Illinois's multifamily loans are spread across many banks, smaller community banks belong on the list alongside the largest holders in the table above.
Concentration is less likely to stand in the way at a Illinois bank, so the conversation turns on the property, the sponsor and whether the bank wants a loan of your size.
Dominick Prevete of Blue Sky Capital Advisors arranges multifamily and commercial financing for Illinois properties with banks and other lenders, and is paid at closing (how Blue Sky gets paid). Call (908) 220-6404 or request a consultation.
Sources
- FFIEC Central Data Repository: public Call Reports as of June 30, 2026 — Every bank figure on this page: each bank's loans, capital, concentration and growth, from its Call Report as of June 30, 2026 (retrieved October 12, 2026).
- FDIC BankFind Suite: bank lookup — The banks named in the table: look up any Illinois bank by name or FDIC certificate number to confirm its headquarters and status.
- Illinois banks, bank by bank (CSV) — The 328 banks headquartered in Illinois, as filed: the rows behind the tables and every state figure here.
- Methodology, sources and limitations — How CRE concentration, like-for-like growth and the ranks among the 43 states are computed.
Illinois bank CRE: common questions
Which banks in Illinois hold the most multifamily loans?+
Among banks headquartered in Illinois with under $100 billion in assets, Cibc Bank Usa ($4.0 billion), Busey Bank ($1.1 billion) and Parkway Bank&Trust Co ($861.3 million) held the largest multifamily books at June 30, 2026, according to FDIC Call Report data. The table on this page lists the 25 largest, with each bank's change over the year.
Are Illinois banks still growing multifamily?+
Like for like, Illinois's banks grew 7.4% their multifamily books in the year to June 30, 2026, against +3.5% for U.S. banks under $100 billion. 48 of the 83 Illinois banks with a multifamily book of $25 million or more a year earlier grew it. Like for like means banks that filed at both dates with no merger in the year.
How concentrated is Illinois bank CRE?+
13.5% of the CRE held by Illinois's banks under $100 billion sits at banks at or above 300% of capital, the 2006 interagency monitoring level: rank 26 of 43 states, against 25.0% nationally. 51.1% sits at banks at or above 200%. These are monitoring levels, not limits, and a bank above one is not in violation of anything.
Why don't national banks appear in this list?+
Banks with $100 billion or more in assets are left out of this page's tables and ranks, as on the national page: the largest banks' balance sheets are national, so their headquarters state says little about where they lend. 2 are headquartered in Illinois; they are in the Illinois CSV. Every bank here is listed by headquarters state, not by where its loans are.
How often is this updated?+
Every quarter, after banks file their Call Reports. This Illinois page reflects the 328 Illinois banks' June 30, 2026 (Q2 2026) filings, retrieved October 12, 2026; Q3 2026 data is expected in December 2026.
What this table is not. Concentration ratios are computed from each Illinois bank's own public regulatory filings and describe portfolio composition relative to capital — nothing here is a statement about any institution's safety, soundness, or condition, and exceeding a supervisory monitoring criterion is neither a violation nor a supervisory finding. Blue Sky Capital Advisors is a commercial mortgage advisory firm, not a bank rating agency.