Providence Bank & Trust

FDIC-Insured ∙ Donates 10% of Profits to Local Organizations, Annually

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Providence's impact

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“The bank was founded on a corporate principle of donating 10 percent of its profits to civic, nonprofit and Christian organizations in the areas it serves”

“The bank describes itself as a “stewardship” bank”

“This effort increases diversity and inclusion by breaking down barriers to capital for small businesses”

“Supported a walk to end police brutality and racial inequity”

“A sponsor of the historic football game between Historically Black Colleges and Universities Howard and Hampton at Soldier Field, along with its career fair and teen financial summit”

Features

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FDIC-insured
Online account opening
Online and mobile banking
Mobile deposits
Bill pay
Surcharge-free ATMs
24/7 customer service for lost or stolen card

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Checking and savings accounts
Certificates of Deposit (CDs)
Credit Cards
Money Market accounts
Retirement accounts
Mortgage loans
Small business loans
Other financing

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Providence’s impact

Founded by a group of Christian business leaders, Providence follows principles of service and integrity. We take pride in serving the communities where we’re based and going beyond what other banks can do.

As an organization, we vow to always stand strong together, working to rid our communities and businesses of racial injustice of any form. We believe in and support equal protection, equal justice, and equal opportunity for all to reach their fullest potential.

Providence is a mission-driven bank primarily focused on financing housing and business, and with expertise in serving majority Black and Brown communities

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Above avg. in small business lending

Above avg. in housing lending

Above avg. in investing in public works

Above avg. in financing communities, overall

What do these mean? Read more

100% of money with the bank is based in Chicagoland & Northwest Indiana

Deposits come from Illinois & Indiana

This is an estimation of where the bank concentrates its community financing. It is approximated by where the bank has branches, and the relative amount of deposits the bank manages from each branch. Bank regulation encourages banks to meet the credit needs of communities in which they do business. Providence Bank & Trust accepts deposits from Illinois and Indiana in order to support communities in the area.

Providence has a history of investing 64% - 88% of total dollars in the bank into communities, which is greater than the bank industry average

Percentage of total dollars in the bank lent to communities and invested in public works, over time

How exactly is money invested? Read more

Fast facts about Providence Bank & Trust*

Bank donates 10% of total bank profits to local organizations each year

*As reported directly by Providence Bank & Trust to Mighty.

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People banking here

Client stories

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“Thanks to a line of credit from Providence, we were able to start construction on 26,000 square foot building and move back in before the most violent time of the year.” -By The Hand Club For Kids

By The Hand began in 2001 with 16 children from Cabrini-Green, and today serve more than 1,600 kids from public housing across the city.

“Thanks to Providence taking a chance with us, we were able to put together building a beautiful building for our organization.” -Restoration Ministries

Restoration Ministries was founded in 1988 with the sole purpose of helping men with histories of drug addiction rebuild their lives. Today, it operates 26 programs and serves all segments of the population in Harvey and the surrounding suburbs with a special emphasis on at-risk, disadvantaged children and teens.

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*This is an estimate, modeled according to the most recent data on Mighty. Learn more how this is calculated in our FAQ.

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Currently accepting applications from Chicagoland and Northwest Indiana

Providence Bank & Trust

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Convenience

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Providence’s impact

Providence is a mission-driven bank primarily focused on financing housing and business, and with expertise in serving majority Black and Brown communities

100% of money with the bank is based in Chicagoland & Northwest Indiana

Providence has a history of investing 64% - 88% of total dollars in the bank into communities, which is greater than the bank industry average

Fast facts about Providence Bank & Trust*

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People banking here

See what your money can do here*

*This is an estimate, modeled according to the most recent data on Mighty. Learn more how this is calculated in our FAQ. Back to top

Get started with Providence

*This is an estimate, modeled according to the most recent data on Mighty. Learn more how this is calculated in our FAQ.

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