The Graveyard › Banks › 1991
Beacon Co-operative Bank
Boston, MA · failed June 21, 1991 · FDIC certificate 26659
Beacon Co-operative Bank of Boston, MA failed on June 21, 1991. It opened in 1958, 33 years before. At its last report before that it held $31.8 million in assets and $30.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $35.8 million. The FDIC estimates that the Bank Insurance Fund lost $2.9 million on it.
1986-061991-03
Assets at the end$31.8 millionlast report before June 21, 1991
Deposits at the end$30.5 million
Estimated loss to the fund$2.9 millionBIF
Largest in the quarterly reports$35.8 millionDecember 31, 1989
Equity to assets3.6%March 31, 1991
Loans not being repaid10.6%noncurrent, March 31, 1991
Return on assets-1.13%a year's rate, March 31, 1991
Staff8full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.