Bank of Farmington on Your Credit Report
In short: Headquartered in Farmington, Illinois, Bank of Farmington is a state-chartered bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator. FDIC certificate 11732 traces to January 1, 1903, a charter older than the FDIC itself. Call-report figures for 06/30/2026 list $240 million in assets spread over 6 FDIC-reported offices. As the originating lender, Bank of Farmington is the furnisher of record, which puts both the §623 direct dispute and the §611 bureau dispute on the table. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Bank of Farmington actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Bank of Farmington carries FDIC certificate 11732, operates 6 FDIC-reported offices and reported $240 million in assets on its most recent call report in Farmington, Illinois.
How Bank of Farmington appears on your credit report
Bank of Farmington furnishes this tradeline directly rather than acquiring it, so the underlying documentation sits with the bank itself. With an Illinois charter and 6 FDIC-reported offices, Bank of Farmington adjudicates these disputes internally. Write rather than call, specify the exact field in error, and pair it with a §611 dispute through the bureaus. No outcome is promised — what happens depends on the underlying documentation.
Names it may report under
Products that commonly show up
- ◆Consumer installment and personal lending across its 6 Illinois offices
- ◆Home-equity lines and residential mortgages originated near Farmington
- ◆Charged-off deposit-account balances passed to a third-party collector
Grounds to dispute a Bank of Farmington entry
Each of these is a reason a Bank of Farmington tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Payment delivered to the Farmington office on time but posted to the next cycle
- ◆Account still showing a balance after Bank of Farmington processed the final payment
- ◆Duplicate Bank of Farmington tradeline created when the loan was renumbered internally
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Bank of Farmington is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Bank of Farmington has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Bank of Farmington a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Bank of Farmington questions, answered
Does the FDIC insure deposits at Bank of Farmington?
Yes — deposits are FDIC-insured under certificate 11732. The FDIC record lists Bank of Farmington as a state-chartered bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator headquartered in Farmington, IL, chartered January 1, 1903, holding $240 million across 6 offices at the 06/30/2026 call report.
Which regulator oversees Bank of Farmington?
Oversight sits with the FDIC and its state banking regulator. Where both dispute routes come back verified but your own records say otherwise, the CFPB complaint portal is the next step, and §§616–617 of the FCRA preserve a private right of action. Both steps are free, and neither depends on where in Illinois you banked with Bank of Farmington.
What is the CFPB complaint count for Bank of Farmington?
No number is published here. When we queried the CFPB credit-card complaint data, no company key matched Bank of Farmington exactly, and we will not approximate one by partial-name matching — that routinely pulls in unrelated companies with similar names. Rather than imply a count we cannot source, we leave it out. The database is public and searchable at consumerfinance.gov.
How long can a Bank of Farmington charge-off stay on my credit report?
The FCRA ceiling is roughly seven years from the date of first delinquency on the Bank of Farmington account. Charging it off, selling it, or moving it to a servicer does not restart that clock. If the date of first delinquency drifts forward, that is re-aging — itself an FCRA violation worth disputing.
Should I dispute with Bank of Farmington directly or with the collection agency?
Go to whoever holds the documents. Bank of Farmington has the signed application and the posting history; an assignee generally has a spreadsheet row. That is why a §623 direct dispute to Bank of Farmington tends to produce a substantive answer rather than a rubber-stamp verification.
Does Bank of Farmington report to all three credit bureaus?
Furnishing is voluntary under the FCRA, so Bank of Farmington — 6 offices in Illinois — may report to one or two bureaus rather than all three. Compare the three files side by side: differing balances are usually timing, but differing account status or first-delinquency dates are disputable.
Bank of Farmington changed names or was acquired — why does my report show two accounts?
That pattern is typically a merger or conversion leftover rather than two real debts. Bank of Farmington dates to 1903 and predecessor-name reporting is permitted, but a single obligation double-counted inflates your utilisation and is disputable. Identify both tradelines explicitly in the dispute.
Can I dispute a Bank of Farmington account myself without paying anyone?
No payment is required. Writing to the bureaus under §611 or to Bank of Farmington under §623 costs you postage. Paid help is optional and cannot unlock anything extra; results depend entirely on what the documentation shows, and accurate entries stay put.
Which state regulator shares oversight of Bank of Farmington?
The home office is in Farmington, Illinois, across 6 FDIC-reported locations. Your FCRA rights are federal and identical in every state; what the headquarters determines is the state authority sitting alongside the FDIC and its state banking regulator if you need to escalate.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Bank of Farmington; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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