Jefferson County Bank & Trust Eureka Missouri

Jefferson County Bank & Trust Eureka Missouri was founded in 1892.  The company is on the problem bank. Let me tell you, it has problems.

Assets are $654M with equity of $61MM.

The problem loan portfolio in relation to the equity base, is staggering.  They have $68MM in problem loans, with $36MM on non accrual and $24MM in OREO.

Having $68MM in problem loans and $61MM in equity, would make this thing bankrupt, to everyone except for the regulators.

Why is this bank not shut down?

The CEO may not to tell you who he is on the website, we know one thing, he wiped out a 119 year old financial institution.

Do you keep money in this bankrupt bank? Eureka!

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