The Graveyard › Banks › 1991
Lowell Institution for Savings
Lowell, MA · failed August 30, 1991 · FDIC certificate 90228
Lowell Institution for Savings of Lowell, MA failed on August 30, 1991. It opened in 1829, 162 years before. At its last report before that it held $386.4 million in assets and $318.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $520.4 million. The FDIC estimates that the Bank Insurance Fund lost $122.0 million on it.
1985-091991-06
Assets at the end$386.4 millionlast report before August 30, 1991
Deposits at the end$318.1 million
Estimated loss to the fund$122.0 millionBIF
Largest in the quarterly reports$520.4 millionJune 30, 1989
Equity to assets-2.6%June 30, 1991
Loans not being repaid3.9%noncurrent, June 30, 1991
Return on assets-8.03%a year's rate, June 30, 1991
Staff140full time, June 30, 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.