private corporation industry banking founded 1996 headquarters melrose park illinois website http www.panamerbank.com pan american bank is a u.s. federal deposit insurance corporation insured privately held bank based in melrose park illinois with 289 million in assets and 267 million in deposits . 1 the bank is wholly owned by american bancorp of illinois inc. a bank holding company duly registered with the federal reserve system 2 it has five branches in and around chicago il melrose park bellwood palatine and little village and sauganash in chicago . 3 the bank is a full service community bank offering deposit and loan services to the communities it serves . according to the fdic in cra evaluations released on january 1 2013 and march 1 2007 the bank has done an outstanding job of meeting the credit needs of its communities a recognition received by less than 7 % of the nation s banks in 2014 . 4 the evaluation by the fdic was based on the bank s record of lending to small businesses and providing home mortgages and took into consideration the bank s record of lending in low and moderate income areas and loans to persons of low and moderate income . 5 contents 1 leadership 2 history 3 growth 4 politics 5 ethics 6 notes leadership edit pan american chairman and co ceo nicholas s. giuliano formerly of the privatebank and vice chairman co ceo and president frank c. cerrone formerly of the international bank of chicago lead pan american bank . 6 pan american bank s board is composed of nicholas v. dizonno julius w. wes becton iii anthony a. casaccio timothy d. hutchison roberta s. matlin richard pellegrino and roberto ramirez . 7 history edit pan american bank was established in 1996 as chicago s second locally owned hispanic owned bank . 8 originally headquartered in the largely hispanic little village neighborhood the bank raised 3.5 million from local investors . 9 the bank was purchased by american bancorp. of illinois inc. in 2007 . 10 pan american bank has been designated as a community development financial institution cdfi . 11 this designation means that pan american bank has been recognized by the community development financial institution fund administered through the u.s. department of treasury as being committed to the goals of economic development affordable housing and community development financial services . 12 in recognition of its commitment to these goals pan american bank has received an award from the cdfi fund in the years 2008 through 2014 . 13 growth edit since 2007 the bank s total assets have increased from 33 million to 289 million . 14 in 2007 the bank held 229 000 in deposits from states and political subdivisions but as of june 30 2014 it held 49 million or 20 % of total deposits . 15 pan american bank acquired the 49 million bank of palatine in september 2014 . 16 at the time chairman and co chief executive officer nicholas s. giuliano said we are excited to partner with a bank that has such a long history of building strong relationships in serving its customers and the palatine community . this merger provides us the opportunity to expand our high level of service to clients throughout the northwest suburbs . 17 politics edit pan american bank has contributed 124 178 to 50 illinois politicians or political committees from 2008 through 2014 . 18 recipients include the mexican american pac the west central municipal conference the italian american political coalition the bellwood first party the independent citizens action party of franklin park and the illinois bankers association pac . 19 ethics edit in september 2010 democratic state treasurer candidate robin kelly accused her opponent then republican state sen. dan rutherford of violating state law by receiving a campaign contribution from pan american bank worth 500 while pan american bid on a contract worth more than the law s 50 000 cap . 20 rutherford later returned contributions from pan american bank . 21 notes edit fdic bankfind . pan american bank . financials . fdic.gov . september 30 2014 . retrieved january 14 2015 . annual report of holding companies fr y 6 for american bancorp of illinois inc. pdf . chicagofed.org . december 31 2013 . retrieved october 2 2014 . locations & hours . panamerbank.com . retrieved october 3 2014 . ffiec interagency cra rating search . retrieved january 28 2015 . ffiec cra examinations . retrieved january 28 2015 . bank directors . panamerbank.com . retrieved october 3 2014 . bank directors . panamerbank.com . retrieved january 27 2015 . garza melita marie . city gains hispanic owned bank . chicagotribune.com . january 6 1996 . retrieved october 3 2014 . garza melita marie . city gains hispanic owned bank . chicagotribune.com . january 6 1996 . retrieved october 3 2014 . daniels steve . after hit from regulators goodwin s inland bank is growing again . september 6 2014 . retrieved october 2 2014 community development financial institutions fund united states department of the treasury awardees allocatees . community development financial institutions fund united states department of treasury cdfi certification . community development financial institutions fund united states department of the treasury awardees allocatees . fdic key demographic information . pan american bank . id report selections assets and liabilities . report date june 30 2014 and june 30 2007 . dollars . fdic.gov . september 30 2014 . retrieved january 15 2015 . fdic key demographic information . pan american bank . id report selections total deposits . report date june 30 2014 and june 30 2007 . dollars and ratios . fdic.gov . june 30 2014 . retrieved october 3 2014 . daniels steve . after hit from regulators goodwin s inland bank is growing again . september 6 2014 . chicagobusiness.com . retrieved october 2 2014 . pan american bank to acquire bank of palatine . august 12 2014 . chicago sun times . retrieved january 13 2015 . illinois state board of elections . pan american bank . elections.il.gov . retrieved october 3 2014 . illinois state board of elections . pan american bank . elections.il.gov . retrieved october 3 2014 . bloomington bank s campaign contributions at center of political dust up . pantagraph.com . september 9 2010 . retrieved october 6 2014 . democrats keep quinn out of the picture . herald review.com . september 26 2010 . retrieved october 3 2014 . retrieved from https en.wikipedia.org w index.php title pan american bank & oldid 665067872 categories 1996 establishments in illinoisbanks based in illinoisbanks established in 1996melrose park illinoisprivately held companies based in illinois navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what 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