ESOP · DOL Form 5500 · 2024

First American Bank Corporation ESOP

Data updated 2026-08-06

$90M
Total assets: 781
Participants: 90th
Percentile by assets: $114,612
Avg per participant

Official DOL plan name: First American Bank Corporation Employee Stock Ownership Plan · Sponsored by First American Bank Corporation · Illinois · Finance & Insurance

$90M in assets, 781 participants

First American Bank Corporation's First American Bank Corporation Employee Stock Ownership Plan reported $90M in total assets and 781 participants in its 2024 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

90th percentile by assets (of 116,472 plans)

Where First American Bank Corporation Employee Stock Ownership Plan sits by assets

First American Bank Corporation Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $90M for 781 participants (~$114,612/participant), up 31.9% in 2024.

$90M
total plan assets (2024 EOY): 781
covered participants: 90th
percentile by assets (of 116,472 plans): $114,612
avg assets per participant

First American Bank Corporation Employee Stock Ownership Plan end-of-year assets rose from $68M in the plan year 2023 filing to $90M in the plan year 2024 filing.
First American Bank Corporation Employee Stock Ownership Plan reported net income rose from $17M in the plan year 2023 filing to $22M in the plan year 2024 filing.
First American Bank Corporation Employee Stock Ownership Plan reported participants rose from 747 in the plan year 2023 filing to 781 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Illinois

Industry

Finance & Insurance

First American Bank Corporation Employee Stock Ownership Plan vs the 2024 asset distribution

By assets, First American Bank Corporation Employee Stock Ownership Plan outranks 90% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.9x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$68M
Net Assets (End of Year)	$90M
Net Income	$22M
Employer EIN	362782306
Plan Effective Date	2006-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (First American Bank Corporation)

Total plan assets by year, all First American Bank Corporation plans on file

Year	Plans	Participants	Total Assets
2022	2	1,599	$197M
2023	2	1,618	$240M
2024	2	1,666	$287M

Nearby ESOP Plans in Illinois

Peer ESOP plans, same state, same plan type, ranked by total assets.

First American Bank Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants

Kehe Distributors, Inc. Employee Stock Ownership Plan $2.2B · 4,815
Scot Forge Company Employee Stock Ownership Plan $1.4B · 491
Bdo USA Employee Stock Ownership Plan $1.1B · 9,258
Shorr Paper Products, Inc. Employee Stock Ownership Plan $430M · 543
Rli Corp. Employee Stock Ownership Plan $404M · 1,001

Compare First American Bank Corporation Employee… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to First American Bank Corporation Employee Stock Ownership Plan by total assets, not by location.

Equus Holdings, Inc. Employee Stock Ownership Plan (MN) $89M · 125
James M. Pleasants Company, Inc. Employee Stock Ownership Plan (NC) $89M · 183
Mccreary Modern, Inc. Employee Stock Ownership Plan (NC) $90M · 707
Hmc Architects Employee Stock Ownership Plan (CA) $90M · 277

Frequently Asked Questions

How did First American Bank Corporation Employee Stock Ownership Plan assets move in 2024? ▼

First American Bank Corporation Employee Stock Ownership Plan surged - up 31.9% during 2024, from $68M to $90M. Reported net income was $22M.

How have First American Bank Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), First American Bank Corporation's sponsor-wide assets grew 45.8%, from $197M to $287M.

Where does First American Bank Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

First American Bank Corporation Employee Stock Ownership Plan ranks in the 90th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which ESOP plans are similar in size to First American Bank Corporation Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Equus Holdings, Inc. Employee Stock Ownership Plan in MN ($89M, 125 participants).

Next read for First American Bank Corporation Employee…

Scale reading

Ways to act on First American Bank Corporation Employee Stock Ownership Plan's numbers.

By total assets, First American Bank Corporation Employee Stock Ownership Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Illinois. Compare plans
First American Bank Corporation's sponsor-wide assets have grown 45.8% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 362782306.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.