Illinois Banks with Weakest Asset QualityThe following list includes all banks in the state with nonperforming assets comprising more than 15% of total assets:
Largest Illinois BanksThe banks with the largest deposit market shares in Illinois are out-of-state giants, With JPMorgan Chase Bank NA (the main banking subsidiary of JPMorgan Chase ( JPM)) having a 13.5% market share in the state as of June 30, 2010, according to the most recent FDIC data. Second place in deposit gathering in Illinois goes to Bank of America, NA, which is the main banking subsidiary of Bank of America ( BAC), with a 9% market share. Aside from Northern Trust Company, which is the largest bank in the state and focuses on wealth management, the larger players in the state are looking for better "prospects for loan growth," which "go hand in hand with the economy," according to Rodis, who also said that "some of the numbers of the past few weeks have been weak, but some bankers are starting to see some light at the end of the tunnel. " Here are the 10 largest Illinois banks, along with key metrics as of March 31:
Thorough Bank Failure CoverageThere have been 23 bank failures so far during 2011, following 157 during 2010. All bank and thrift failures since the beginning of 2008 are detailed in TheStreet's interactive bank failure map:
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