First Trust Bank of Illinois on Your Credit Report
In short: Headquartered in Kankakee, Illinois, First Trust Bank of Illinois 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 34778 traces to July 30, 1998, a late-twentieth-century charter. As of the 06/30/2026 call report, First Trust Bank of Illinois held $406 million in assets and operated 5 FDIC-reported offices. First Trust Bank of Illinois is the furnisher of record on accounts it originates, so both the §623 route to the bank and the §611 route through the bureaus are available to you. 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 First Trust Bank of Illinois actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
First Trust Bank of Illinois carries FDIC certificate 34778, operates 5 FDIC-reported offices and reported $406 million in assets on its most recent call report in Kankakee, Illinois.
How First Trust Bank of Illinois appears on your credit report
This tradeline is furnished by First Trust Bank of Illinois itself, not purchased from another lender, which means the source documents are held in-house. First Trust Bank of Illinois is Illinois-chartered with 5 FDIC-reported offices, and reviews disputes against records it maintains itself. Put it in writing, name the specific field you say is inaccurate, and file the §611 dispute alongside it. No outcome is promised — what happens depends on the underlying documentation.
Names it may report under
Products that commonly show up
- ◆Consumer lines of credit opened at its 5 Illinois banking offices
- ◆Mortgage and home-equity accounts originated in the Kankakee market
- ◆Deposit overdrafts and returned-item balances charged off to collection
Grounds to dispute a First Trust Bank of Illinois entry
Each of these is a reason a First Trust Bank of Illinois tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆In-branch payment in Kankakee posted after the due date and reported 30 days late
- ◆Balance not updated to zero after First Trust Bank of Illinois completed the payoff
- ◆One First Trust Bank of Illinois obligation appearing as two tradelines after a core-system conversion
- ◆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
First Trust Bank of Illinois 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, First Trust Bank of Illinois 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 First Trust Bank of Illinois a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
First Trust Bank of Illinois questions, answered
Does the FDIC insure deposits at First Trust Bank of Illinois?
Certificate 34778 is the FDIC record for First Trust Bank of Illinois. It describes a state-chartered bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator based in Kankakee, IL, with a charter dating to July 30, 1998; the 06/30/2026 call report shows $406 million in assets and 5 offices.
My dispute with First Trust Bank of Illinois failed — who do I complain to?
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 First Trust Bank of Illinois.
How many credit-card complaints does the CFPB show against First Trust Bank of Illinois?
We do not publish a figure for First Trust Bank of Illinois. The CFPB credit-card dataset returned no exact company-key match, and loose or partial-name matching would sweep in different institutions with similar names. We would rather omit the number than publish one we cannot stand behind — you can search it yourself at consumerfinance.gov.
When does a First Trust Bank of Illinois charge-off fall off my report?
Roughly seven years, measured from the original date of first delinquency — not from the charge-off date and not from the day a collector acquired it. Watch the First Trust Bank of Illinois tradeline for a first-delinquency date that moves later; re-aging is independently actionable under the FCRA.
Should I dispute with First Trust Bank of Illinois directly or with the collection agency?
Go to whoever holds the documents. First Trust Bank of Illinois has the signed application and the posting history; an assignee generally has a spreadsheet row. That is why a §623 direct dispute to First Trust Bank of Illinois tends to produce a substantive answer rather than a rubber-stamp verification.
Will a First Trust Bank of Illinois account show on all three reports?
Not necessarily. Nothing in the FCRA compels a furnisher to report everywhere, and First Trust Bank of Illinois, with 5 offices around Kankakee, may well report selectively. Check each file; inconsistent refresh dates are benign, inconsistent delinquency history is not.
Why does one First Trust Bank of Illinois account appear twice on my report?
One account showing twice is a classic conversion artifact. First Trust Bank of Illinois has operated since 1998, and a charter that old has usually been through at least one core-system migration. An account may legitimately appear under a predecessor name, but the same debt must not report twice with two balances. Dispute the duplicate and name both tradelines.
Is there a free way to dispute the First Trust Bank of Illinois tradeline?
No payment is required. Writing to the bureaus under §611 or to First Trust Bank of Illinois 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.
Where is First Trust Bank of Illinois headquartered, and does that affect my dispute?
The home office is in Kankakee, Illinois, across 5 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 First Trust Bank of Illinois; 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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