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773-328-2350
2255 N. Western Avenue
Chicago, IL 60661

American Eagle Bank of Chicago is headquartered in Chicago and is the 389th largest bank in the state of Illinois. It is also the 5,409th largest bank in the nation. It was established in 2007 and as of December of 2013, it had grown to 7 employees at 1 location. American Eagle Bank of Chicago has a C+ health rating.

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Reviews (3)

Worst Loan Company Ever!

 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!

Bad Reviews

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!

Not Even 1 Star Worthy

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!!!!



Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. American Eagle Bank of Chicago has a relatively low asset base.

Texas Ratio

GRADE:
C+

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, 2013 American Eagle Bank of Chicago had $2.27 million in non-current loans and owned real-estate with $8.54 million in equity and loan loss allowances on hand to cover it. This gives American Eagle Bank of Chicago a Texas Ratio of 26.61% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for American Eagle Bank of Chicago experienced no significant changes from 27.94% as of December 31, 2012 to 26.61% as of December 31, 2013, resulting in a positive change of 4.74%.This indicates that the balance sheet and financial strength for American Eagle Bank of Chicago has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, American Eagle Bank of Chicago has increased its total deposits by $2.49 million, resulting in 4.07% 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 excellent.

Capitalization

GRADE:
A

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 $72.35 million in assets with $8.54 million in equity, resulting in a capitalization level of 11.80%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58514
Year Established2007
Employees7
Primary RegulatorFDIC
Assets and Liabilities
Assets$72.35 million
Loans$51.35 million
Deposits$63.61 million
Equity Capital$7.96 million
Loan Loss Allowance$580,000
Real Estate Owned$2.27 million
Historic Data - December 2012
Assets$69.65 million
Equity Capital$7.79 million
Loan Loss Allowance$570,000
Unbacked Noncurrent Loans$0
Real Estate Owned$2.30 million
Profit Margin - Quarterly
Net Interest Margin3.67%
Return on Assets0.25%
Return on Equity2.2%
Interest Income$3.21 million
Rates

Always verify rates and promotions with the bank or credit union. We are not American Eagle Bank of Chicago, we are a rate comparison website and can not provide official rates or promotions.

American Eagle Bank of Chicago Savings Account Rates

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

American Eagle Bank of Chicago Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Platinum Money Market

American Eagle Bank of Chicago Checking Account Rates

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

American Eagle Bank of Chicago CD Rates

DetailsAPYMINMAXPRODUCT
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
1.10%$1k-22 Month Add-On CD Special w/ Relationship Bonus
1.00%$1k-36 Month CD
1.00%$1k-24 Month CD w/ Relationship Bonus
1.00%$1k-22 Month Add-On CD Special
0.90%$1k-13 Month Add-On CD Special w/ Relationship Bonus
0.80%$1k-13 Month Add-On CD Special
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

DetailsAPYMINMAXPRODUCT
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 Month Step IRA Special w/ Relationship Bonus (Traditional,CESA)
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 (Traditional,CESA)
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
1.00%$1k-22 Month Add-On IRA Special (Traditional,CESA)
0.80%$1k-13 Month Add-On IRA Special (Traditional,CESA)
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
Locations


American Eagle Bank of Chicago Locations
American Eagle Bank Of Chicago2255 N. Western AvenueChicago, IL 60661