Hyde Park Bank Chicago Illinois

Hyde Park Bank Chicago, Illinois was founded in 1928.  The bank took $9MM in government bailout funds which they haven’t repaid.

They have assets of $369MM with equity of $29MM.

The actual equity is $20MM as the $9MM is debt not equity.

The bank has $11MM in problem loans.

The $10MM on non accrual could put a strain on the equity position.

Net income was $2MM in FY10, $1MM in FY09.

Why haven’t they repaid the tax payer funds.

They have forgotten to post their FY10 financial statements.



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