Plaza Bank Norridge Illinois

 


This could be John Hunt doing a little hazardous commercial lending

This place is bankrupt

 

Plaza Bank, Norridge Illinois was founded in 1954.  The company is on the problem bank list, for hazardous commercial real estate lending.  The Texas ratio is 75%, not good.

Assets are $383MM with equity of $34MM.

The problem loan portfolio is $31MM.

Having $34MM in equity and $31MM in problem loans, this place is looking insolvent.

John Hunt is CEO, he has down a good job of racking up tons of problem loans and running a 50 year old bank into the ground.

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