American Eagle Bank of Chicago is headquartered in Chicago and is the 392nd largest bank in the state of Illinois. It is also the 5,448th largest bank in the nation. It was established in 2007 and as of September of 2013, it had grown to 7 employees at 1 location. American Eagle Bank of Chicago has a B health rating.
Please avoid this bank at all costs! They are the rudest bunch of people to do business with not to mention the most corupt! They start harassing you the day your payment is a day late but if you need them to return your call it will never happen! I have finished my loan with them(thank the heavens) I paid them a 300 dollar overpayment and have been calling Barry the bank president for over a month. He has yet to return my call. I would strongly warn anyone looking to take a car loan avoid this bank! BEWARE!
I just was approved for an auto loan with American Eagle bank and I hope these reviews I was reading in other forums are wrong because it seems like a bad bank based off of what I have read. If anyoneone from American Eagle reads this message it seems like maybe you need to stride towards better customer service. That is what makes a bank. Building relationships with customers and being friendly should be every banks objective in todays economy. I left my previous bank because of high intrest rates. I would rather pay high intrest rates then deal with un pleasent employees and rude bank personel. They need to realize the customer is the reason they have a job and it seems like American Eagle Bank needs to start releasing employee that can't handle job functions and keeping customers happy. I hope American Eagle Bank doesn't ruin my outlook on banks. There is a reason why JP Morgan Chase and other PRIME lenders are always at the top. If American Eagle bank wants to grow there 160 millions in assets then they need to hire happy, friendly and hard working people that want to keep customers. This is the main reason customers defualt on loans because banks hire the wrong people to hand there money out. Please American Eagle I am a good customer and I pay all my bills at 100% don't ruin potential earn it!
Worst bank ever! I had a six year loan which I finally finished paying! By the time I was finished they had added on over 800 dollars in late fees! This bank is run by a bunch of crooks! I am due a 300 dollar refund due to an over payment and have called the bank president every day for a month and have yet to get a return call. But when your payment is a day late to them they're on the phone harassing you immediately, as well as your family members! I would like to warn anyone considering taking a loan with this bank to reconsider! YOU WILL BE SORRY!!! They are rude and deceitful people!!!!
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 American Eagle Bank of Chicago had $2.29 million in non-current loans and owned real-estate with $8.48 million in equity and loan loss allowances on hand to cover it. This gives American Eagle Bank of Chicago a Texas Ratio of 26.96% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for American Eagle Bank of Chicago decreased slightly from 31.90% as of September 30, 2012 to 26.96% as of September 30, 2013, resulting in a positive change of 15.47%.This indicates that the balance sheet and financial strength for American Eagle Bank of Chicago has improved slightly in recent periods.
In the past year, American Eagle Bank of Chicago has decreased its total deposits by $-257,000, resulting in -0.4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth American Eagle Bank of Chicago has shown is average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. American Eagle Bank of Chicago has $72.43 million in assets with $8.48 million in equity, resulting in a capitalization level of 11.71%, which is excellent.
|FDIC Certificate #||58514|
|Assets and Liabilities|
|Equity Capital||$7.90 million|
|Loan Loss Allowance||$583,000|
|Unbacked Noncurrent Loans||$15,000|
|Real Estate Owned||$2.27 million|
|Historic Data - September 2012|
|Equity Capital||$7.68 million|
|Loan Loss Allowance||$609,000|
|Unbacked Noncurrent Loans||$15,000|
|Real Estate Owned||$2.61 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.61%|
|Return on Assets||0.22%|
|Return on Equity||1.94%|
|Interest Income||$2.37 million|
Sorry, we do not have rate data for American Eagle Bank of Chicago
|American Eagle Bank of Chicago Locations|
|American Eagle Bank Of Chicago||2255 N. Western Avenue||Chicago, IL 60661|