1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

American Eagle Bank of Chicago

American Eagle Bank of Chicago Locations
2255 N. Western Avenue
Chicago, IL 60661
773-328-2350
www.americaneaglebank.com

FDIC


American Eagle Bank of Chicago is headquartered in Chicago and is the 415st largest bank in the state of Illinois. It is also the 5,671st largest bank in the nation. It was established in 2007 and as of December of 2012, it had grown to 7 employees at 1 location. American Eagle Bank of Chicago has a 4-star health rating.

American Eagle Bank of Chicago Routing Number: 071026835

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American Eagle Bank of Chicago is offering some competitive long-term CD rates. Another perk with these CDs is a mild early withdrawal penalty. Jumbo CDs have the most competitive rates. These include ...

Top 26-Month CD at American Eagle Bank of Chicago - Local Only - 9/26/2010

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Competitive 29-Month CD Continues at American Eagle Bank of Chicago - Local Only - 6/22/2010

American Eagle Bank of Chicago continues to offer a competitive 29-month CD special with a 2.50% APY. Minimum deposit is $1,000. This rate is listed in the bank's Chicago promotions page as of 6/22/20 ...



See Rates for: Checking | Savings | Money Market | CD | IRA

American Eagle Bank of Chicago Checking Account Rates

ApyMinMaxProduct
0.10%$500-Platinum NOW Checking
0.10%--Golden Eagle NOW Checking

American Eagle Bank of Chicago Savings Account Rates

ApyMinMaxProduct
0.50%-$10kEagleSavers
0.10%$200-Statement Savings

American Eagle Bank of Chicago Money Market Rates

ApyMinMaxProduct
0.40%$100k-Platinum Money Market

American Eagle Bank of Chicago CD Rates

ApyMinMaxProduct
1.75%$1k-60 Month CD w/ Relationship Bonus
1.50%$1k-60 Month CD
1.50%$1k-48 Month CD w/ Relationship Bonus
1.45%$1k-36 Month Step CD Special w/ Relationship Bonus
1.25%$1k-48 Month CD
1.25%$1k-36 Month CD w/ Relationship Bonus
1.20%$1k-36 Month Step CD Special
1.00%$1k-36 Month CD
1.00%$1k-24 Month CD w/ Relationship Bonus
0.75%$1k-24 Month CD
0.75%$1k-12 Month CD w/ Relationship Bonus
0.50%$1k-12 Month CD
0.50%$1k-6 Month CD w/ Relationship Bonus
0.25%$1k-6 Month CD

American Eagle Bank of Chicago IRA Rates

ApyMinMaxProduct
1.75%$500-60 Month Education IRA w/ Relationship Bonus
1.75%$1k-60 Month IRA w/ Relationship Bonus
1.50%$1k-60 Month IRA
1.50%$500-60 Month Education IRA
1.50%$500-48 Month Education IRA w/ Relationship Bonus
1.50%$1k-48 Month IRA w/ Relationship Bonus
1.45%$1k-36 Months Step IRA Special w/ Relationship Bonus
1.45%$1k-36 Month Education IRA Special w/ Relationship Bonus
1.25%$1k-48 Month IRA
1.25%$500-48 Month Education IRA
1.25%$500-36 Month Education IRA w/ Relationship Bonus
1.25%$1k-36 Month IRA w/ Relationship Bonus
1.20%$1k-36 Month Step IRA Special
1.20%$1k-36 Month Education IRA Special
1.00%$1k-36 Month IRA
1.00%$500-36 Month Education IRA
1.00%$500-24 Month Education IRA w/ Relationship Bonus
1.00%$1k-24 Month IRA w/ Relationship Bonus
0.75%$1k-24 Month IRA
0.75%$500-24 Month Education IRA
0.75%$500-12 Month Education IRA w/ Relationship Bonus
0.75%$1k-12 Month IRA w/ Relationship Bonus
0.50%$1k-12 Month IRA
0.50%$500-12 Month Education IRA
0.50%$500-6 Month Education IRA w/ Relationship Bonus
0.50%$1k-6 Month IRA w/ Relationship Bonus
0.25%$1k-6 Month IRA
0.25%$500-6 Month Education IRA

Rates updated: 5/20/2013

Data for Q4 2012


Institution Statistics


American Eagle Bank of Chicago
FDIC Certificate #58514
BankRate ReportView
Year Established2007
Employees7
Primary RegulatorFDIC

Assets and Liabilities

Assets$69.65 million
Loans$49.59 million
Deposits$61.12 million
Equity Capital$7.79 million
Loan Loss Allowance$570,000
Unbacked Noncurrent Loans$35,000
Real Estate Owned$2.30 million

Historic Data - December 2011

Assets$67.98 million
Equity Capital$7.68 million
Loan Loss Allowance$764,000
Unbacked Noncurrent Loans$1.57 million
Real Estate Owned$1.11 million

Profit Margin - Quarterly

Net Interest Margin3.2%
Return on Assets0.15%
Return on Equity1.4%
Interest Income$3.20 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 December 31, 2012 American Eagle Bank of Chicago had $2.33 million in non-current loans and owned real-estate with $8.36 million in equity and loan loss allowances on hand to cover it. This gives American Eagle Bank of Chicago a Texas Ratio of 27.94% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for American Eagle Bank of Chicago held steady from 31.77% as of December 31, 2011 to 27.94% as of December 31, 2012, resulting in a positive change of 12.08%.This indicates that the balance sheet and financial strength for American Eagle Bank of Chicago has held steady in recent periods.
Deposit Growth4
In the past year, American Eagle Bank of Chicago has increased its total deposits by $1.6 million, resulting in 2.69% 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 above average.
Capitalization4
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 $69.65 million in assets with $8.36 million in equity, resulting in a capitalization level of 12.00%, which is above average.
Write Review

Worst Loan Company Ever!
1 stars - ca - Wednesday, February 16, 2011 - 10:09 AM

 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!

4

Bad Reviews
1 stars - USMC1984 - Saturday, December 22, 2012 - 10:26 PM

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!

2