First American Bank
First American Bank is a privately held, full-service commercial bank headquartered in Elk Grove Village, Illinois. With over $7 billion in assets and 900+ employees, it operates as the largest privately held bank in Illinois with locations across Illinois, Wisconsin, and Florida. The bank provides comprehensive personal banking, business banking, wealth management, and lending solutions.
Provider names, logos, and trademarks displayed on this page belong to their respective owners and are used for identification purposes only. VerSquare is not affiliated with, endorsed by, or sponsored by First American Bank unless otherwise indicated.
No Reviews Yet
Be the first to share your experience! Reviews help other buyers make informed decisions.
Data source: SBA 7(a) FOIA loan-level data, covering activity through March 31, 2026 across the trailing 3 years (9 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
First American Bank ranks #183 of 585 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of First American Bank’s 7(a) acquisition lending falls in the $0-$500K range: 4 loans, 44.4% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 4 | 44.4% | |
| $500K-$1M | 2 | 22.2% | |
| $2M-$3M | 2 | 22.2% | |
| $3M-$4M | 1 | 11.1% |
Industries with highest loan volume
Residential Remodelers
2
loans
$413K
avg. amount
Poultry and Poultry Product Merchant Wholesalers
1
loans
$1.0M
avg. amount
Commercial Printing (except Screen and Books)
1
loans
$2.5M
avg. amount
Gift, Novelty, and Souvenir Retailers
1
loans
$791K
avg. amount
Flooring Contractors
1
loans
$280K
avg. amount
Offices of Physical, Occupational and Speech Therapists, and Audiologists
1
loans
$468K
avg. amount
Machine Shops
1
loans
$2.5M
avg. amount
Roofing Contractors
1
loans
$3.6M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
First American Bank’s median variable rate is + 0.38%, against a market median of Prime + 2.00%, 162 below market.
2 of the 9 loans in its trailing three-year book carried a fixed rate; the rest were variable.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 0.34% |
| $500K-$1M | Prime + 0.50% |
| $2M-$3M | Prime + 0.18% |
| $3M-$4M | Prime + 0.57% |
over at time of loan origination
First American Bank has originated 7(a) acquisition loans in 2 states, most actively in Illinois (8) and Texas (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Illinois | 8 | 88.9% |
| Texas | 1 | 11.1% |
Claim this profile to manage your information, respond to reviews, and access analytics.