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Division of Banking
Welcome to the Division of Banking (DOB)
The mission of the Illinois Department of Financial and Professional Regulation, Division of Banking, is to educate the public and promote confidence in the banking industry through a balanced application of regulations in an efficient, professional, fair, and responsive manner.
The Division of Banking oversees the chartering, supervision, and licensure of:
Illinois Banking Development District Program
The Illinois Banking Development District (BDD) program incentivizes the creation and expansion of banking branches in communities where a significant need exists, to address the gap of underbanked and unbanked Illinoisans. BDD program participants may receive credit toward their Illinois Community Reinvestment Act (CRA)assessment and can participate in the Illinois Treasurer’s Invest in Illinois programsto receive impact-driven investments after becoming an approved depository.
Learn more about the program by visiting the Illinois Banking Development District website.
Advisory Notice Issued to Digital Asset Businesses in Illinois
On October 28, 2025, the Division of Banking issued a notice to digital asset businesses and digital asset kiosk operators in Illinois regarding the Digital Assets and Consumer Protection Act ("DACAP") and the Digital Assets Kiosks Act ("DAKA") and the provisions of the laws that have taken immediate effect.
The full notice letter can be found here.
CRA Annual Fee Notice
Attention Financial Institutions: You will be receiving an invoice regarding the Illinois Community Reinvestment Act (CRA) annual fee for Banks and Covered Mortgage Licensees. The annual fee is due on July 31 for FY 2026. This is a legitimate invoice.
For Banks: While payments can still be made via paper check, we are encouraging everyone to use our new online payment option.
Make payment online through our ePay Portal.
There will be an associated fee of 75 cents for e-checks and 2.25% for credit/debit cards.
For Covered Mortgage Licensees: The annual fee will be invoiced through the NMLS and is payable through the NMLS via a link entitled “Illinois CRA Fee”.
Letter Issued on Bank-Fintech Partnerships
On September 20, 2024, the Division of Banking issued a notice to Illinois state-chartered banks and savings banks regarding recent statements by Federal Banking Agencies on arrangements between banks and third parties to deliver deposit products to customers.
The full notice letter can be found here: notice
The Division of Banking formerly regulated ATMs not owned by financial institutions and check printers
UPDATE - ATM Registration and Check Printer Requirements Have Changed
The Electronic Fund Transfer Act was amended to repeal the requirement for all non-bank ATM owners to register terminals in Illinois with the Division of Banking. For more information, please click here.
