Banks in Arcola, IL

Bank branch map: Arcola

Banks sit at the coordinates in their FDIC record; credit union offices at their NCUA address, located with the U.S. Census Bureau Geocoder. Point at a marker for today's hours, tap it for the address, directions and the bank's site.

Short answer: 2 banks and credit unions operate 2 locations in Arcola, according to the FDIC. 2 of them have coordinates on record and are on the map. ATMs and opening hours are not in the sources this page uses yet; each marker links to directions.

Positions are the regulators' own coordinates, or the Census Geocoder's point for the address, and can sit a few hundred feet from the door. Streets, buildings and parks come from OpenStreetMap through OpenFreeMap, with every street named as you zoom in; if that map cannot load, a simpler map drawn from the Census Bureau's TIGER/Line files takes its place. ATMs will follow with the Overture Maps import.

All banks in Arcola

Sorted by number of local branches. Each branch shows where its hours and phone number come from.

Short answer: First Mid Bank & Trust and Peoples Bank & Trust have the most locations in Arcola, with 1 each. 2 banks have a single office in the city. Open any bank to see each address, today's hours where the bank publishes them and the phone number.

First Mid Bank & Trust First Mid Bank & Trust, National Association · 1 branch · main office Mattoon, IL Bank · 1

First Mid Bank & Trust has 1 branch in Arcola, 52 across Illinois and 87 nationwide. FDIC records list its main office in Mattoon, IL and show it operating since 1865. With $9.14 billion in total assets on June 30, 2026, it ranks No. 178 of 4,232 U.S. banks by total assets. The Arcola Branch at 249 W Springfield Rd dates to 1995 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Arcola Branch

  249 W Springfield Rd, 61910

  Hours: see the bank's site
  DirectionsWebsite

First Mid Bank & Trust: profile, branches and contacts

Peoples Bank & Trust 1 branch · main office Pana, IL Bank · 1

Peoples Bank & Trust has 1 branch in Arcola, 14 across Illinois and 14 nationwide. FDIC records list its main office in Pana, IL and show it operating since 1954. With $656.6 million in total assets on June 30, 2026, it ranks No. 1,452 of 4,232 U.S. banks by total assets. The Arcola Bank Branch at 127 S Oak St dates to 2024 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Arcola Bank Branch

  127 S Oak St, 61910

  Hours: see the bank's site
  DirectionsWebsite

Peoples Bank & Trust: profile, branches and contacts

Banking in Arcola: the local picture

Short answer: 2 banks run 2 branches in Arcola according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.

Of the 2 banks, 0 have their main office in Arcola, 2 elsewhere in Illinois, according to the FDIC.

The bank with the longest record here is First Mid Bank & Trust, operating since 1865 according to the FDIC. In FDIC branch records, the longest-running branch is First Mid Bank & Trust's office at 249 W Springfield Rd, dating to 1995; the newest is Peoples Bank & Trust's at 127 S Oak St, from 2024.

None of the 2 locations here publishes hours in the sources this page uses. Each branch links to the bank's own site.

Chase, Bank of America and other national banks

Which big national banks have branches in Arcola, and where the nearest one is if they do not.

Short answer: No branches in Arcola: Chase (nearest in Champaign, 30 mi), Wells Fargo (nearest in Canton, 109 mi), Bank of America (nearest in O Fallon, 115 mi), PNC Bank (nearest in Champaign, 29 mi), U.S. Bank (nearest in Mattoon, 14 mi), Truist, Fifth Third Bank (nearest in Effingham, 41 mi), Huntington (nearest in New Lenox, 128 mi), Regions Bank (nearest in Decatur, 32 mi), TD Bank, BMO (nearest in Belleville, 119 mi).

Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Arcola to the nearest branch in Illinois.

What your savings could earn

National benchmarks and the best published offers, from the Banrox Bank Rates tracker. Enter your own balance and rate to compare.

Short answer: At the national average savings rate of 0.38%, $10,000 kept in savings for a year earns about $38. The best published savings rate in the tracker, 3.75% at CIT Bank, earns about $375. The national average 12-month CD pays 1.71%.

Rates are the banks' published APYs as tracked on the Banrox Bank Rates page, with the date next to each benchmark; they are not offers from Banrox and can change daily. Interest is before tax. The best offers are mostly online banks and are open to Arcola residents like anyone else.

Banks near Arcola

Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.

Short answer: The closest towns with more choice are Tuscola (8 miles) and Arthur (9 miles). Mattoon, 14 miles away, has the most banks nearby: 8.

Bank branch openings and closings in Arcola

FDIC branch records, between September 5, 2025 and September 5, 2026.

Short answer: FDIC branch records show no bank branch openings in Arcola between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.

Largest banks in Arcola by total assets

Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Arcola offices.

Short answer: First Mid Bank & Trust is the largest bank with offices in Arcola, with $9.14 billion in total assets on June 30, 2026, No. 178 among U.S. banks by total assets. Peoples Bank & Trust is second with $656.6 million. Local deposit shares will follow once the FDIC Summary of Deposits is imported.

Total assets and ranks from FDIC BankFind as of June 30, 2026. Rank is among active banks that report total assets to the FDIC.

Banks in Arcola: FAQ

How we build this page

Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.