Young Americans Bank is headquartered in Denver and is the 71st largest bank in the state of Colorado. It is also the 4,719th largest bank in the nation. It was established in 1987 and as of June of 2022, it had grown to 10 employees at 2 locations. Young Americans Bank has a D health rating.
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Monthly Fees And Account Closure With No Notice
Watch out, this bank charged montly fees until my child's account reached zero and then closed it. We never received notice of any of this. It was for inactivity. However, this was a savings account that my child was told to leave alone in order to watch the interest grow. She is a child and didn't have money to continually deposit, but she didn't withdraw either. She thought her account was growing. Actually, it was being slowly depleted by this bank. Very unethical for a bank geared towards children. You have made my child not trust banks or want to open any other account.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27010 |
| Year Established | 1987 |
| Employees | 10 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -7.13% |
| Return on Equity - YTD | -91.32% |
| Annual Interest Income | $54.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $22.7MM$22.5MM |
| Loans | Q2 2022vs Q2 2021 | $35.00K$43.00K |
| Deposits | Q2 2022vs Q2 2021 | $20.7MM$20.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $1.9MM$1.7MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $15.00K$13.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $0$0 |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |