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Palos Bank and Trust Company

Palos Heights, IL · failed August 13, 2010 · FDIC certificate 17599

Palos Bank and Trust Company of Palos Heights, IL failed on August 13, 2010. It opened on June 1, 1956, 54 years before. At its last report before that it held $493.4 million in assets and $467.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2007, it held $558.1 million. The FDIC estimates that the Deposit Insurance Fund lost $67.0 million on it.

1984-032010-06

Assets at the end$493.4 millionlast report before August 13, 2010

Deposits at the end$467.8 million

Estimated loss to the fund$67.0 millionDIF

Largest in the quarterly reports$558.1 millionDecember 31, 2007

Equity to assets0.9%June 30, 2010

Loans not being repaid15.3%noncurrent, June 30, 2010

Return on assets-2.76%a year's rate, June 30, 2010

Staff116full time, June 30, 2010

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Also ended in 2010

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La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
Frontier Bank · Everett, WA · $3.3 billion in assets
Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.