New OnLine Features

Our newest office in Kankakee is opening soon.

Our new site at 255 E. Station Street in Kankakee (just South of the famers market) will be a full service facility.

We will have all the same deposit account account services and on-site loan and insurance services that we have had in our current location.  But will now have a full teller line, drive up, ATM and night depository.

Drive by and look at the progress of this beautiful new building in downtown Kankakee.

Our newest office in Manhattan is now open.

Visit the new office at 25640 S. Gougar Road in Manhattan, located in the new Manhattan Station Mall.

The full service office is open Monday through Friday from 8:30am - 5:00pm and Saturdays from 8:30am - noon.  The Drive up is open Monday through Thursday  from 8:00am - 5:00pm,  Friday from 8:00am - 6pm,  and Saturday from 8:00am - noon.

ATM open 24 hours

Night Drop open 24 hours

Stop by and visit or call us at (815)361-4455

With CDARS, you can receive up to $10 million in FDIC protection through HomeStar Bank. There are few guarantees in life – FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you or your business.

Why CDARS?
It’s one-stop shopping. With help from CDARS, you can access:

• Safety – Your money can receive up to $10 million in FDIC insurance coverage.

• Convenience – You work directly with us. You earn one interest rate and receive one regular statement. Private investors receive one year-end tax form.

• Community Investment – The full value of your money can support lending opportunities in your local community.

• CD-Level Rates – Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market mutual funds.

How does CDARS work?
We are members of a special network. When you place a large amount with us, we place your funds into certificates of deposit issued by other banks in the network – in increments of less than $100,000 – so that both your principal and interest are eligible for complete FDIC protection. With help from a sophisticated matching system, we exchange deposits with other banks that are members of the network.  These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes

What else should I know?
With CDARS you no longer need to run around opening multiple accounts at multiple banks, managing various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.

And with CDARS, you can eliminate the need to monitor changing collateral values – another time saving convenience.

Of course, your confidential account information remains protected.

¹Note for Network Members: Investment restrictions imposed by statutes, regulations or policies may limit the authority of public funds managers to invest through CDARS. Public fund managers in the following states, among others, may be eligible to invest through CDARS: AK, CO, CT, GA, HI, IL, KS, KY, ME, MN, MO, NE, NH, NV, OK, PA, SC, SD, TN and VT. Even in these states, the public funds manager must check applicable restrictions to ensure that deposits are eligible for placement using CDARS.

Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement by HomeStar Bank.  The agreement contains important information and conditions regarding the placement of funds by us.  Please read the agreement carefully before signing it. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

The Check 21 law changes the way some banks process and clear checks. The key changes that affect you as a consumer are:

1. Substitute checks – The law grants a properly formatted digital picture of a check, call a Substitute Check, the same legal status as an original check. This means that you may see an image of or receive a Substitute Check in your statement instead of your original check.
2. No Check Float – The law facilitates the electronic exchange of checks between banks. Over time, this will lessen the time between when you write a check and when the check clears your account.
3. Consumer Protection – If a consumer believes that a Substitute Check was not properly paid or processed, he or she can file a claim with their bank and request "expedited re-credit" until the issue can be resolved.

For more information on Check 21, please call Compliance Officer Bill Smith at (815)468-2265.

Are you ready for 24/7 banking convenience? Then you’re ready for HomeStar OnLine.

You are now able to enjoy convenient access to your accounts 24 hours a day, seven days a week.

HomeStar OnLine is the fast and convenient way to:

• Check account balances

• Confirm transactions

• Review account activity and history

• View and print images of checks

• Transfer funds between HomeStar accounts

• Make loan payments

• Pay any bill or person online

• Receive bills online

Plus, HomeStar OnLine is FREE!

Security
Safeguarding Your Peace of Mind

Protecting your personal information is the number one priority of HomeStar’s online banking program. We are committed to offering the highest level of security available to ensure your privacy.

When you open an online banking account, you will establish a password that is known only by you. This password will be entered each time you access your account information; whether you simply want to review your daily transactions or transfer money from one account to another. Access to your account information will not be possible without the authorization of your password.

HomeStar OnLine is also equipped with the industry leading technology products to prevent unauthorized access to your accounts. Each security component acts as another layer of protection to safeguard sensitive data from unauthorized access.

Getting Started

Getting started is easy.  From our online page, you can enroll, or review more information about the service.  You can also stop by any of our convenient locations and request HomeStar OnLine. Our staff will give you a brief demonstration of the program and assist you in getting started.