Illinois savings and loans continue to switch charters more than in any other state, though the trend is slowing.

A need to diversify loan portfolios, reduce regulatory costs, and find a new path as the federal thrift charter's future becomes more uncertain is driving the move toward commercial bank and state savings bank charters in Illinois. The state still has many small savings institutions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.