Young Americans Bank is headquartered in Denver and is the 74th largest bank in the state of Colorado. It is also the 4,970th largest bank in the nation. It was established in 1987 and as of September of 2020, it had grown to 14 employees at 3 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 Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27010 |
| Year Established | 1987 |
| Employees | 14 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -6.18% |
| Return on Equity - YTD | -82.14% |
| Annual Interest Income | $332.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $21.6MM$20.5MM |
| Loans | Q3 2020vs Q3 2019 | $51.00K$71.00K |
| Deposits | Q3 2020vs Q3 2019 | $19.9MM$18.9MM |
| Equity Capital | Q3 2020vs Q3 2019 | $1.6MM$1.5MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $7.00K$10.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $9.00K$0 |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |