McHenry Savings Bank
McHenry Savings Bank is headquartered in Mchenry and is the 167th largest bank in the state of Illinois. It is also the 2,631st largest bank in the nation. It was established in 1955 and as of March of 2017, it had grown to 64 employees at 3 locations. McHenry Savings Bank has a C- health rating.
Use Caution When Selecting This Bank
McHenry Savings Bank has more than money problems, they have ethical problems as well. I spent almost three years fighting them in court for taking money out of my savings account (well into five figures). They used every excuse in the book to defend their actions. I finally got my money back and they had to pay all my attorney fees (about $10k), as well as their attorney fees (which by the way they went through 4 different attorney offices because they kept quitting). We found out a lot about them in the process and also discovered that I wasn't the only one suing them for unethical and illegal activity. I recently learned about the FDIC threatening them to raise capital, or they'll be shut down; I guess that would explain their need to steal money. Stay away from this bank - I selected one star for this bank only because the system made me. They don't deserve any stars.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30864 |
| Year Established | 1955 |
| Employees | 64 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.35% |
| Return on Equity - YTD | -9.59% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $238.8MM$253.1MM |
| Loans | Q1 2017vs Q1 2016 | $153.9MM$151.9MM |
| Deposits | Q1 2017vs Q1 2016 | $211.8MM$229.8MM |
| Equity Capital | Q1 2017vs Q1 2016 | $8.9MM$9.3MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.8MM$2.1MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $3.4MM$2.9MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $2.4MM$2.9MM |
Sorry, we do not have rate data for McHenry Savings Bank.
| McHenry Savings Bank Locations | ||
|---|---|---|
| 10520 North Main St Branch | 10520 North Main Street | Richmond, IL 60071 |
| Mchenry Savings Bank | 353 Bank Drive | Mchenry, IL 60050 |
| 4000-M N. Wilmot Road Branch | 4000-M N. Wilmot Road | Mchenry, IL 60051 |