West Suburban Bank Lombard Illinois

West Suburban Bank, Lombard Illinois was founded in 1962.  For some reason, they are not on the problem bank list.

Assets are $1.9B with equity of $153MM.

The problem loan portfolio is impressive.  They have $113MM in problem loans, with $26MM in OREO.

Take a look at this, these clowns have $60MM in non accrual construction loans, this alone could wipe them out.

This place is probably technically insolvent, and they can’t even make it on the problem bank list.

For some reason, they don’t tell you who the management team is, with this portfolio, I can’t blame them.

Their motto is “unlike any other bank”

I’ll give them this, they make bad construction loans unlike any other bank.

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