GN Bank

Overview / Commentary

www.gnbank.net

773-624-2000

4619 S Martin L King Drive
Chicago, IL 60653

GN Bank is headquartered in Chicago and is the 236^th largest bank in the state of Illinois. It is also the 3,503^rd largest bank in the nation. It was established in 1934 and as of December of 2019, it had grown to 23 employees at 2 locations. GN Bank has a C health rating.

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Site Is Down

Posted by: Anon456 | Jul 16, 2014

web site is down. Must open an account in person.

Comment

Health

Data as of Q4 2019

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. GN Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	29399
Year Established	1934
Employees	23
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	-1.06%
Return on Equity - YTD	-12.59%
Annual Interest Income	$4.8MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$137.4MM$139.3MM
Loans	Q4 2019vs Q4 2018	$46.6MM$52.7MM
Deposits	Q4 2019vs Q4 2018	$126.1MM$127.9MM
Equity Capital	Q4 2019vs Q4 2018	$10.9MM$10.9MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$576.00K$496.00K
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$1.8MM$836.00K
Real Estate Owned	Q4 2019vs Q4 2018	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not GN Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

GN Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.01%	$500	-	Statement Savings
0.01%	$5	-	Moola Moola
0.01%	$25	-	Student Savings
0.01%	$5	-	Children's Savings

GN Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$150k^*	-	SuperFlex MMDA
OTHER TIERS: 0.03% → $2.5k - $25k \| 0.05% → $25k - $50k \| 0.10% → $50k - $150k
0.03%	$2.5k	-	MMDA

GN Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	$10k	-	Super NOW
0.01%	$1k	-	NOW

GN Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	$1k	-	5 Year CD
0.30%	$1k	-	3 Year CD
0.25%	$1k	-	30 Month CD
0.20%	$1k	-	18 Month CD
0.15%	$1k	-	1 Year CD
0.05%	$1k	-	91 Day CD
0.05%	$1k	-	182 Day CD

GN Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	$1k	-	5 Year IRA
0.30%	$1k	-	3 Year IRA
0.25%	$1k	-	30 Month IRA
0.20%	$1k	-	18 Month IRA
0.15%	$1k	-	1 Year IRA
0.05%	$1k	-	91 Day IRA
0.05%	$1k	-	182 Day IRA

Locations

GN Bank Locations
Illinois-Service Federal Savings and Loan Associat	4619 S Martin L King Drive	Chicago, IL 60653
8700 S Martin Luther King Branch	8700 S. Martin L Uth Er King Dr.	Chicago, IL 60619

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