Citizens Bank and Trust Company of Chicago

Headquarters

5700 North Central Avenue
Chicago, IL 60646
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Citizens Bank and Trust Company of Chicago is an FDIC insured institution located in Chicago, IL. It was founded in 2000 and has approximately $0.07 billion in assets.

Citizens Bank&Trust Company of Chicago, Chicago, Illinois, was closed April 23, 2010 by the Illinois Department of Financial and Professional Regulation — Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Republic Bank of Chicago, Oak Brook, Illinois, to assume all of the deposits of Citizens Bank&Trust Company of Chicago.

FDIC Insured Yes
FDIC Certificate # 34658
Date Established 2000
Assets $ 77.28 million
Loans $ 59.48 million
Deposits $ 74.52 million
Capital $ 2.36 million
 

For a more detailed analysis of Citizens Bank and Trust Company of Chicago's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 5, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - December 5, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Bank and Trust Company of Chicago

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.558% 2.500% 0.75 $1,905 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Citizens Bank and Trust Company of Chicago
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Branches

Citizens Bank and Trust Company of Chicago branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Citizens Bank and Trust Company of Chicago Locations


Financial Details

Citizens Bank and Trust Company of Chicago Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank and Trust Company of Chicago. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Citizens Bank and Trust Company of Chicago U.S. Bank Average
438.63% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Citizens Bank and Trust Company of Chicago had $18,668,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,361,000 in equity and $1,895,000 in loans loss reserves. That gives it a Texas Ratio of 438.63%.

Return on Equity
Citizens Bank and Trust Company of Chicago U.S. Bank Average
-43.64% 7.80%

Citizens Bank and Trust Company of Chicago has a Return on Equity of -43.64% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Citizens Bank and Trust Company of Chicago U.S. Bank Average
3.06% 12.68%

Citizens Bank and Trust Company of Chicago has a Capitalization of 3.06% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Citizens Bank and Trust Company of Chicago Balance Sheet Analysis

As of November 30, -0001, Citizens Bank and Trust Company of Chicago had assets of $73,490,000, loans of $59,476,000, and deposits of $74,519,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 59.48 million
Loan loss allowance $ 1.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 74.52 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 77.28 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Citizens Bank and Trust Company of Chicago’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Citizens Bank and Trust Company of Chicago’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Citizens Bank And Trust Company Of Chicago

Branches and Savings

Is Citizens Bank And Trust Company Of Chicago FDIC insured?

Yes. It is covered under FDIC Certificate #34658.

Why does Citizens Bank And Trust Company Of Chicago pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Citizens Bank And Trust Company Of Chicago CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Citizens Bank And Trust Company Of Chicago a commercial bank?

Yes

Where are Citizens Bank And Trust Company Of Chicago locations?

See branch locations nearby.

Is Citizens Bank And Trust Company Of Chicago open on Saturdays?

Is Citizens Bank And Trust Company Of Chicago open on Sundays?

What time does Citizens Bank And Trust Company Of Chicago open?

What time does Citizens Bank And Trust Company Of Chicago close?

Are Citizens Bank And Trust Company Of Chicago ATMs Open 24/7?

Do Citizens Bank And Trust Company Of Chicago ATMs accept cash deposits?

Can Citizens Bank And Trust Company Of Chicago customers use other ATMs?

Do Citizens Bank And Trust Company Of Chicago branches have notaries?

Will Citizens Bank And Trust Company Of Chicago notarize my document?

What address for Citizens Bank And Trust Company Of Chicago should I put for incoming ACH transfers?

Will the Citizens Bank And Trust Company Of Chicago branch print checks?

Do Citizens Bank And Trust Company Of Chicago checks expire?

Does Citizens Bank And Trust Company Of Chicago require US citizenship to open account?

Can Citizens Bank And Trust Company Of Chicago close my account?

Does Citizens Bank And Trust Company Of Chicago Report to credit bureaus?

Does Citizens Bank And Trust Company Of Chicago Use Equifax?

What is Citizens Bank And Trust Company Of Chicago's ACH Routing Number?

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Products

Does Citizens Bank And Trust Company Of Chicago offer mortgages?

Compare mortgage rates here.

Does Citizens Bank And Trust Company Of Chicago offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens Bank And Trust Company Of Chicago offer personal loans?

Compare personal loan rates here.

Does Citizens Bank And Trust Company Of Chicago offer student loans?

Will Citizens Bank And Trust Company Of Chicago cash a check?

Will Citizens Bank And Trust Company Of Chicago redeem a savings bond?

Does Citizens Bank And Trust Company Of Chicago cash savings bonds?

Will Citizens Bank And Trust Company Of Chicago cash money orders?

Can Citizens Bank And Trust Company Of Chicago issue a money order?

Does Citizens Bank And Trust Company Of Chicago do currency exchange?

Background on The Bank

Who owns Citizens Bank And Trust Company Of Chicago?

How long has Citizens Bank And Trust Company Of Chicago been around?

Can Citizens Bank And Trust Company Of Chicago transfer to other banks?

Does Citizens Bank And Trust Company Of Chicago have quick pay?

Does Citizens Bank And Trust Company Of Chicago accept rolled coins?

Will Citizens Bank And Trust Company Of Chicago accept loose change?

Where is Citizens Bank And Trust Company Of Chicago headquarters?

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