This institution is no longer active

Operations ceased on January 1, 1995. CRA examination history below reflects the period it was active.

OLD KENT BANK-GRAND TRAVERSE

TRAVERSE CITY, MI · Supervised by FDIC

Est. 1856FDIC #1,016RSSD: FDIC-1016

Part ofOLD KENT FINANCIAL CORP→ View all charters

Outstanding Same

Current rating · Exam: August 1994

CompareWatch

At a Glance

Community Lending (CRA)

Outstanding

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

Financial Health

Strong

ROA 1.62%

Is this bank safe?

OLD KENT BANK-GRAND TRAVERSE earned an Outstanding CRA rating (1994), is financially strong (ROA +1.62%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

102 West Front Street, TRAVERSE CITY, MI

County

Grand Traverse County

Established

January 1, 1856

Total Assets

$450M(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

August 1, 1994

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 31 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 Q4 1994Call Report / FDIC

Total Assets

$450M

Total Deposits

$367M

Net Loans

$262M

Net Income

$7M

ROA

1.62%

Above avg for Small banks. Peer avg: 0.44%

ROE

25.13%

Risk-Based Capital

11.55%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA1.62%Peer avg: 0.44%▲ Above avg

Risk-Based Capital11.55%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Aug 1994	Outstanding	Not Reported
Jun 1992	Outstanding	Not Reported

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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