The Graveyard › Banks › 1991
Boston Trade Bank
Boston, MA · failed May 3, 1991 · FDIC certificate 26791
Boston Trade Bank of Boston, MA failed on May 3, 1991. It opened on October 3, 1986, 4 years before. At its last report before that it held $307.0 million in assets and $301.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $360.0 million. The FDIC estimates that the Bank Insurance Fund lost $127.3 million on it.
1986-121991-03
Assets at the end$307.0 millionlast report before May 3, 1991
Deposits at the end$301.5 million
Estimated loss to the fund$127.3 millionBIF
Largest in the quarterly reports$360.0 millionJune 30, 1990
Equity to assets-3.9%March 31, 1991
Loans not being repaid13.7%noncurrent, March 31, 1991
Return on assets-0.66%a year's rate, March 31, 1991
Staff52full 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.