Founders Bank
Worth, IL · Owner: Peotone Bcorp Inc
$889M
total assets, June 30, 2009
$889M
total assets, June 30, 2009
Founders Bank was a state nonmember bank in Worth, IL, owned by Peotone Bcorp Inc. It failed on Jul 2, 2009, and The Privatebank And Trust Company took over its deposits. At its last report it held $889.2 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Jul 2, 2009
- Assets
- $889M
- Deposits
- $832M
- Estimated cost
- $130M
- Deposits went to
- The Privatebank And Trust Company, Chicago, IL
Total assets
$889M
-8.6% in a year · -8.0% in a quarter
Deposits
$832M
+3.7% in a year · +0.4% in a quarter
Loans
$594M
-9.7% in a year · -2.3% in a quarter
Profit so far
-$36.9M
Jan 1 to Jun 30, 2009 · -1468.0% in a year
Capital ratio
2.12%
-4.51 pts in a year
Return on assets
-7.96%
-8.51 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 6825 West 111th Street, Worth, IL, 60482
- County
- Cook
- Holding company
- Peotone Bcorp Inc
- Established
- Jun 3, 1961
- Failed
- Jul 2, 2009
- Employees
- 206
- Branches
- 12
- Id
- b18390
Quarter by quarter
March 31, 1984 to June 30, 2009
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 Founders Bank?
$889.2 million in total assets and $832.2 million in deposits as of June 30, 2009, with assets down 8.6% from a year before. Its loans were $594.4 million.
How many branches does Founders Bank have?
12 branches in Illinois as of June 30, 2026.
Is Founders Bank profitable?
No: it lost $36.9 million from January 1 to June 30, 2009. Its return on assets was -7.96% a year; about 1% is typical.
Who owns Founders Bank?
Founders Bank is owned by Peotone Bcorp Inc, its holding company.
When did Founders Bank fail?
Jul 2, 2009. The Privatebank And Trust Company of Chicago, IL took over its deposits. The estimated cost of the failure was $129.5 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.