NorthSide Community Bank, with over $300 million in assets, is the only community bank headquartered in Gurnee. The bank was chartered in 1997 and has 4 locations in the Chicago metropolitan area and Lake County. The Bank was formed in 1996 by a professional group of business men and women to better respond to the market place. When the bank looked for a center of operation Gurnee was an obvious choice as one of the fastest growing communities in Illinois. Lake County provided a diverse business market from small to medium sized manufacturing as well as a strong mix of retail and service businesses. The experience of the bank’s management team was able to respond successfully to the variety of needs that this market place required.
Over the next 10 years the bank expanded to 4 locations in communities that blended well with our staff and our business lines.
NorthSide Community Bank has 42 full time employees and has an experienced and professional local management team. The bank offers a complete product line of commercial loans and services in addition to a compliment of retail of loan products and personal loan products. The bank is well capitalized and has a lending limit in excess of $10 million. The board of directors and management has navigated through the great recession and the stagnant recovery. By design our assets have decreased as we anticipated a lengthy recovery.
Management worked through many difficult situations with our customers and tried to find the best solution for our customers. We are very proud of a quote by one of our customers as it confirms a successful delivery of our business strategy.
“When I refer business to the bank, I tell them they are going to get personal, professional and a quick response to their needs. They take care of business and take care of you. We can concentrate on business because they are concentrating on theirs.”
James S. Randall is Chairman of the Board and President of AliKat Investments, Inc., the Bank Holding Company. With over 32 years in the financial industry, Jim's experience is primarily in the areas of business development and credit administration. In addition, he has extensive risk management and asset/liability experience. After receiving an economics degree from Florida Southern, Jim received an MBA from Lake Forest Graduate School, and a graduate degree from Stonier Graduate School of Banking. Jim has served the community as past president of the Lake Forest Chamber of Commerce and as a past member of the Gurnee Rotary. Jim, his wife Lisa and their daughters Allison and Caitlin reside in Deerfield.
Patricia A. Clausen is President and CEO of NorthSide Community Bank, and Chairman of AliKat Investments, Inc. During her 32 year career in the financial industry, she has managed all areas of human resources, compliance, operations, financial reporting and product development. Building of her vast experience in these areas, Patti created a philosophy for success that focuses on the primary business assets of customers and employees. Patti holds an accounting degree from Northeastern Illinois University as well as a Graduate Certificate and Degree from ABA's Graduate School of Compliance and Banking. In addition to her membership in the Breakfast Exchange Club of Gurnee, Patti has volunteered on many community projects and committees. She lives in Lake Forest.
5103 Washington St., Gurnee, 847.244.5100; 1155 Milwaukee Ave., Riverwoods, 847.279.1155;
800 N. Route 83, Mundelein, 847.837.8883; 8060 Oakton St., Niles, 847.692.7500
Expense Tracking Comes to NorthSide
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You now can track your expenses with new features added to our internet banking product. Check out the new features for yourself or contact a banker for more information.
Click Here to learn about the expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts.