The Graveyard › Banks › 1994
Ludlow Savings Bank
Ludlow, MA · failed October 21, 1994 · FDIC certificate 90230
Ludlow Savings Bank of Ludlow, MA failed on October 21, 1994. It opened on February 18, 1888, 106 years before. At its last report before that it held $222.7 million in assets and $229.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $303.1 million. The FDIC estimates that the Bank Insurance Fund lost $2.9 million on it.
1985-091994-06
Assets at the end$222.7 millionlast report before October 21, 1994
Deposits at the end$229.1 million
Estimated loss to the fund$2.9 millionBIF
Largest in the quarterly reports$303.1 millionSeptember 30, 1990
Equity to assets-3.4%June 30, 1994
Loans not being repaid6.4%noncurrent, June 30, 1994
Return on assets-0.59%a year's rate, June 30, 1994
Staff126full time, June 30, 1994
Also ended in 1994
- The Bank of Hartford · Hartford, CT · $321.5 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
- Bank of San Pedro · Los Angeles, CA · $132.6 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.