Mutual Bank
Harvey, IL · Owner: First Mutual Bcorp of Il Inc
$1.6B
total assets, June 30, 2009
$1.6B
total assets, June 30, 2009
Mutual Bank was a state nonmember bank in Harvey, IL, owned by First Mutual Bcorp of Il Inc. It failed on Jul 31, 2009, and United Central Bank took over its deposits. At its last report it held $1.6 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Jul 31, 2009
- Assets
- $1.6B
- Deposits
- $1.5B
- Estimated cost
- $794M
- Deposits went to
- United Central Bank, Garland, TX
Total assets
$1.6B
-6.0% in a year · -3.5% in a quarter
Deposits
$1.5B
-0.7% in a year · -2.2% in a quarter
Loans
$1.3B
-13.2% in a year · -6.2% in a quarter
Profit so far
-$79.6M
Jan 1 to Jun 30, 2009
Capital ratio
-0.25%
-7.49 pts in a year
Return on assets
-9.66%
-8.04 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 16540 South Halsted Street, Harvey, IL, 60426
- County
- Cook
- Holding company
- First Mutual Bcorp of Il Inc
- Established
- Dec 15, 1962
- Failed
- Jul 31, 2009
- Employees
- 173
- Branches
- 12 in 4 states
- Id
- b18659
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 Mutual Bank?
$1.6 billion in total assets and $1.5 billion in deposits as of June 30, 2009, with assets down 6.0% from a year before. Its loans were $1.3 billion.
How many branches does Mutual Bank have?
12 branches in 4 states as of June 30, 2026.
Is Mutual Bank profitable?
No: it lost $79.6 million from January 1 to June 30, 2009. Its return on assets was -9.66% a year; about 1% is typical.
Who owns Mutual Bank?
Mutual Bank is owned by First Mutual Bcorp of Il Inc, its holding company.
When did Mutual Bank fail?
Jul 31, 2009. United Central Bank of Garland, TX took over its deposits. The estimated cost of the failure was $793.8 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.