Allied First Bancorp Inc.

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Description


Allied First Bancorp, Inc. operates as the holding company for Allied First Bank, which provides financial services to its customers. The bank offers various deposit accounts, including savings accounts, money market accounts, interest and noninterest bearing demand deposit accounts, and time deposit accounts. It provides secured and unsecured consumer loans, which include automobile and recreational vehicles loans, recreational boat and airplane loans, lines of credit and signature loans, and loans secured by savings deposits, as well as commercial real estate, first mortgage, real estate construction, and credit card loans. In addition, it invests in the United States obligations, securities of various federal agencies, certificates of deposit of insured banks and savings institutions, bankers' acceptances, repurchase agreements, and federal funds, as well as in investment grade commercial paper, corporate debt securities, and mutual funds. As of June 30, 2004, the bank operated one office in Illinois. The company, through its other subsidiary, Eagle's Nest Marketing Solutions, Inc., provides loan origination call center support to financial institutions. Allied First Bancorp was formed in 2001 and is based in Naperville, Illinois.

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