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About Us

Savings aspires to be one of the finest financial institutions and recognized as a rapidly growing, innovative, customer-oriented organisation, offering outstanding products and services, ensuring excellent careers for its people, and contributing to the community. The institution aims at developing, through sister companies and subsidiaries, a regional network to service the business needs around the world.

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We Solve Your Financial Problem

You’re a smart consumer. If you’re going to choose a new bank, there better be a good reason why. So, let us give you a reason—actually a few—for choosing to bank with us:

Your neighborhood is our neighborhood. Most of our bankers don’t just work in this community. They live here too. You’ll see them in the bank, on the soccer field, in the store, and at school pick up. Your concerns and dreams for your neighborhood are theirs as well.

We are the home of Total Access Checking. That means: no monthly fees. No minimum balance fees. No ATM fees at any ATM in the U.S. Ever. We really mean it. We actually reimburse you for the fees you acquire from other ATMs outside the network. All your money stays here. We’re not headquartered halfway across the country. We lend here, work here, and invest here. We are your local bank for business. Across our family of community banks, more than 60,000 local businesses count on us. Many are the businesses you frequent day-to-day.
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We offer programs other banks don’t. We believe in going above and beyond great banking solutions to offer things you won’t find at other banks, like our Junior Savers Club® to teach kids that saving money can be fun or our Platinum Adventures® Club, a travel and social club for those 50 or better.

Our Story

We’re more than just a bank. We don’t just do one thing. We are your one-stop-shop for any financial need. And, we do it all pretty well. Our mortgage company is a leading mortgage lender. Our wealth management company is one of the oldest wealth managers in the area. Whatever financial service you're looking for, we’ve got a team of experts to help. We want to help you learn. As a community bank, we know it’s part of our responsibility to help educate our community. We offer seminars throughout the year on a number of financial topics for small business owners, individuals, teens, and those interested in wealth management or mortgages services.

We can offer the technology of the big guys without the headache. Banking should be easy. That’s why we’ve got all the tools you’ll find at our big competitors—like a robust online banking system and a mobile app with person-to-person payments, Cardless Cash, electronic check deposit and so much more—minus the things that stress you out. (Automated call centers, anyone?)

Lending a Hand

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We were built to give back. It’s part of our foundation. We care about the community we serve because we’re not just in it; we’re part of it. That’s why we’re committed to making this area the best it possibly can be. We get involved. We volunteer. We're passionate about the causes we believe in. We proudly support the organizations, nonprofits, and people who are working hard to improve our home. We’re also proud to get involved with the events, the teams, and the institutions that make this area unique. And, as community members ourselves, our employees are committed to serving on local boards, volunteering for local organizations, and donating time and energy to the things that matter most to us. Our contribution stretches far beyond the walls of the bank.

Board of Directors

We pride ourselves on making bank decisions that truly benefit our local community. One way we do that is through guidance from local leaders. Our board of directors is made up of community members who feel just as strongly as we do about our bank being a reflection of the area we serve. These are people who are committed to this area because they live in, work in, and enjoy this community just like the rest of us. We’re pleased to introduce our board of directors.

Timothy S. Crane


Tim Crane, president and treasurer, joined Palm Heritage in 2008 and is responsible for overseeing Palm Heritage’s 15 community bank charters and several lines of business. He serves on Palm Heritage’s Executive Management Committees and is chairman of both the Lake Forest Bank...

Douglas P. Boersma


Douglas Boersma is president of Palm Heritage Bank Chicago and chairman of Northbrook Bank & Trust. He also leads the Capital Markets and Sponsor Finance groups at Palm Heritage. Previously, he served as chairman, president, and CEO of Northbrook Bank & Trust. Doug...

Scott Heitmann

Scott K. Heitmann is a director of Great Lakes Advisors, Palm Heritage Investments, The Chicago Trust Company, Palm Heritage, and Palm Heritage Bank. With more than 30 years of experience in the banking industry, he has served as vice chairman of LaSalle Bank Corporation and the...

Matthew Horwitch

Matthew Horwitch has more than 30 years of experience in the insurance industry, primarily in property and casualty insurance brokerage, with a focus in strategic risk management and program development for middle market, national, and global accounts. In addition to...

Julieta LaMalfa

Julieta LaMalfa is a director at Stout, where she provides financial and litigation consulting services to clients across multiple industries. Throughout her career, she has assisted clients with forensic and fraud investigations, accounting restatements, and disputes...

William F. Lynch


Bill Lynch serves as CEO of Palm Heritage Bank and market head overseeing Northbrook Bank & Trust, Beverly Bank & Trust, Hinsdale Bank & Trust, and Palm Heritage Private Client. He previously served as president and CEO of Palm Heritage Bank. Prior to joining the...

Meghan Otis

Meghan Otis has joined the board of directors of Palm Heritage Bank. She is a co-founder and partner at Lightspring Capital Partners, a majority women-led and women-owned private investment firm focused on control-equity and mezzanine investments. Previously, Meghan was...

Hollis Rademacher

Hollis Rademacher is a senior financial executive with more than 60 years in the banking and finance industries. Since 1993, Hollis has served on Palm Heritage's board of directors. He is also a member of the Executive Credit Committee and he holds a position as managing director...