Franco Banares Photo

Franco Banares

Regional Senior Vice President


Franco Banares is a Regional Senior Vice President at The Federal Savings Bank and oversees Consumer Direct mortgage lending for three of TFSB’s loan production offices. Franco entered the residential mortgage business in 2003 and was a top producing Loan Originator since 2006 at the bank. Franco’s focus is now developing high-producing consumer direct mortgage bankers, sales teams, and loan production offices. He is dedicated to coaching and leading his staff, both professionally and personally, to reach their full income potential. He directly leads a team of over 40 Bankers and support staff.

Franco graduated from Northern Illinois University in 2002 with an emphasis in Business Operations Management and Information Systems. His career began with the prestigious firm Waddell and Reed, Inc. as a licensed Financial Advisor. During his employment, Franco heightened his financial expertise by successfully completing his NASD Series 7 securities licensing and insurance examinations. He enjoyed helping his clients understand and implement financial strategies such as retirement planning, tax-deferred education savings, and wealth accumulation to achieve his client’s long term goals.

After spending time in the financial planning arena working with various other business professionals, Franco discovered his true calling was in mortgage banking. He felt that by helping others realize the American dream through homeownership, every single client of his was in a better position to work towards becoming financially independent. Soon into his new mortgage banking venture, Franco quickly became one of the top consumer direct loan officers at his company and earned opportunities to become an assistant sales manager, then a sales manager, and eventually Regional Senior Vice President of Consumer Direct mortgage lending over the course of his career.

Chicago’s Lincoln Park neighborhood is where Franco and his wife reside today. When he’s not working, you can find him and his wife enjoying everything Chicago has to offer including sporting events, cultural festivals, fine dining, and the countless museums and landmarks. They're also parents to two cats and two tortoises.

If you’re an established consumer direct banker who has outgrown your current company, Franco is here to take your business and career to the next level. We will invest in your success like no other lender will!


I’ve been in the mortgage industry for 18 years, and I finally found my forever home! The lead platform for Consumer Direct is second to none, and is the most unique platform I have ever experienced. In 2018 I made just over $70k, in 2019 I made just under $150k, and as of June 2020, I’m currently at $102k and counting! I feel blessed to work for this company, and I only see it getting better! If you want an opportunity to make some serious income, this is the place to do it!