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    Northern States Financial Corporation (NSFC)

    -Other OTC
    0.51 0.00(0.00%) Jul 1, 2:45PM EDT
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    Northern States Financial Corporation
    1601 North Lewis Avenue
    Waukegan, IL 60085
    United States - Map
    Phone: 847-244-6000
    Fax: 847-244-7853
    Website: http://www.nsfc.net

    Index Membership:N/A
    Industry:Regional - Midwest Banks
    Full Time Employees:N/A

    Business Summary 

    Northern States Financial Corporation operates as the bank holding company for NorStates Bank that provides retail and commercial banking services to individuals, businesses, and local governmental units in northeastern Illinois and southeastern Wisconsin. It accepts a range of deposit products, including demand deposits, checking, negotiable order of withdrawal, money market, savings, time deposits, and individual retirement accounts. The company also offers commercial and consumer loans to corporations, partnerships, and individuals, including commercial business loans, such as lines of credit for working capital purposes, and term loans for the acquisition of equipment and other purposes; commercial and residential real estate construction and mortgage loans; revolving lines of credit and letters of credit; consumer loans consisting of loans for motor vehicles and home improvement, home equity loans, unsecured loans, and small personal credit lines; and installment loans and overdraft checking. In addition, it provides safe deposit, trust, travelerÂ’s checks sales, money orders, cashierÂ’s checks and foreign currency, direct deposit, and other services. The company operates through its main office in Waukegan, Illinois; and seven branches in Lake County, Illinois. Northern States Financial Corporation was founded in 1919 and is based in Waukegan, Illinois.

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    Key Executives 
    Mr. Scott M. Yelvington , 59
    Chief Exec. Officer, Pres, Director, Chief Exevutive Officer of NorStates Bank and Director of NorStates Bank
    Mr. Thomas M. Nemeth CPA, 60
    VP, Treasurer, Sr. VP of Norstates Bank and Controller of Norstates Bank
    Mr. Kerry J. Biegay , 66
    VP, Corp. Sec., Exec. VP of Northern States Bank and Corp. Sec. of Northern States Bank
    Ms. Shelly Christian , 47
    Chief Lending Officer of NorStates Bank and Exec. VP of NorStates Bank
    Matthew Sitkowski ,
    Chief Financial Officer and Exec. VP
    Amounts are as of Dec 31, 2012 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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