This institution is no longer active

Operations ceased on September 28, 1992. CRA examination history below reflects the period it was active.

AMERITRUST DEVELOPMENT BANK

CLEVELAND, OH · Supervised by FDIC

Est. 1986FDIC #26,650RSSD: FDIC-26650

Part ofKEYCORP→ View all charters

Outstanding

Current rating · Exam: June 1990

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 2.06%

Institution Profile

FDIC BankFind

Address

1228 Euclid Avenue, CLEVELAND, OH

County

Cuyahoga County

Established

April 23, 1986

Total Assets

$31M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

June 14, 1990

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 36 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 1992Call Report / FDIC

Total Assets

$31M

Total Deposits

$17M

Net Loans

$25M

Net Income

$311K

ROA

2.06%

ROE

5.22%

Risk-Based Capital

60.88%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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