First United Bank
Crete, IL · Owner: Crete Bcorp Inc
$328M
total assets, June 30, 2012
$328M
total assets, June 30, 2012
First United Bank was a state nonmember bank in Crete, IL, owned by Crete Bcorp Inc. It failed on Sep 28, 2012, and Old Plank Trail Community Bank, National Association took over its deposits. At its last report it held $328.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2012
This bank failed
- Failed on
- Sep 28, 2012
- Assets
- $328M
- Deposits
- $317M
- Estimated cost
- $33.8M
- Deposits went to
- Old Plank Trail Community Bank, National Association, New Lenox, IL
Total assets
$328M
-15.6% in a year · -5.9% in a quarter
Deposits
$317M
-11.7% in a year · -5.8% in a quarter
Loans
$174M
-22.3% in a year · -6.6% in a quarter
Profit so far
-$3.9M
Jan 1 to Jun 30, 2012
Capital ratio
2.08%
-2.26 pts in a year
Return on assets
-2.29%
-1.58 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 700 Exchange Street, Crete, IL, 60417
- County
- Will
- Holding company
- Crete Bcorp Inc
- Established
- May 6, 1972
- Failed
- Sep 28, 2012
- Employees
- 93
- Branches
- 5 in 2 states
- Id
- b20685
Quarter by quarter
March 31, 1984 to June 30, 2012
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First United Bank?
$328.4 million in total assets and $316.9 million in deposits as of June 30, 2012, with assets down 15.6% from a year before. Its loans were $173.6 million.
How many branches does First United Bank have?
5 branches in 2 states as of June 30, 2026.
Is First United Bank profitable?
No: it lost $3.94 million from January 1 to June 30, 2012. Its return on assets was -2.29% a year; about 1% is typical.
Who owns First United Bank?
First United Bank is owned by Crete Bcorp Inc, its holding company.
When did First United Bank fail?
Sep 28, 2012. Old Plank Trail Community Bank, National Association of New Lenox, IL took over its deposits. The estimated cost of the failure was $33.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.