American Eagle Bank

Overview / Commentary
556 Randall Road
South Elgin, IL 60177

American Eagle Bank is headquartered in South Elgin and is the 123rd largest bank in the state of Illinois. It is also the 2,157th largest bank in the nation. It was established in 2002 and as of June of 2022, it had grown to 27 employees at 2 locations. American Eagle Bank has a B+ health rating.

Reviews (2)

So Far So Good!

Posted by: |

Despite all the bad reviews about his bank on the web i will say the customer service is top notch. Opened a 2% savings account with no issues and they pay as promised. I have a feeling all the bad reviews are people who took out car loans and don’t know how to pay on time.

Terrible Customer Service.

Posted by: |

Called on a Thursday to open a CD. The lady I spoke to made it seem like I was bothering her. Since they are in the dark ages regarding online services I had to come in.
Came in on Friday & it took the customer service rep three attempts to get paperwork correct. While sitting at CS rep's desk I called my bank to transfer money over. CS confirmed everything was ok.
Received a telephone call an hour later from CS rep saying CD paperwork will have to be redone when funds arrive.
At this point I have no idea what is going on.


Health Grade Components

FDIC Certificate #57359
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD10.76%
Annual Interest Income$7.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$372.7MM$356.9MM
LoansQ2 2022vs Q2 2021$313.4MM$252.3MM
DepositsQ2 2022vs Q2 2021$316.8MM$315.1MM
Equity CapitalQ2 2022vs Q2 2021$33.5MM$31.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.0MM$1.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$77.00K$74.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$31.00K

Rates for American Eagle Bank are currently being reviewed.


American Eagle Bank Locations
American Eagle Bank556 Randall RdSouth Elgin, IL 60177
Chicago Branch2255 N. Western AvenueChicago, IL 60647

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