The Graveyard › Banks › 1994
Commercial Bank and Trust Company
Lowell, MA · failed May 6, 1994 · FDIC certificate 18332
Commercial Bank and Trust Company of Lowell, MA failed on May 6, 1994. It opened on January 3, 1961, 33 years before. At its last report before that it held $30.3 million in assets and $29.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $59.1 million. The FDIC estimates that the Bank Insurance Fund lost $3.7 million on it.
1984-031994-03
Assets at the end$30.3 millionlast report before May 6, 1994
Deposits at the end$29.8 million
Estimated loss to the fund$3.7 millionBIF
Largest in the quarterly reports$59.1 millionMarch 31, 1986
Equity to assets1.3%March 31, 1994
Loans not being repaid12.6%noncurrent, March 31, 1994
Return on assets-1.01%a year's rate, March 31, 1994
Staff25full time, March 31, 1994
Also ended in 1994
- The Bank of Hartford · Hartford, CT · $321.5 million in assets
- Ludlow Savings Bank · Ludlow, MA · $222.7 million in assets
- Bank of Newport · Newport Beach, CA · $167.8 million in assets
- Mechanics National Bank · Paramount, CA · $148.7 million in assets
- CommerceBank · Newport Beach, CA · $142.3 million in assets
- Pioneer Bank · Fullerton, CA · $133.3 million 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.