The Graveyard › Banks › 1992
Massachusetts Bank & Trust Co.
Brockton, MA · failed July 31, 1992 · FDIC certificate 18966
Massachusetts Bank & Trust Co. of Brockton, MA failed on July 31, 1992. It opened on December 5, 1963, 28 years before. At its last report before that it held $61.8 million in assets and $59.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $93.8 million. The FDIC estimates that the Bank Insurance Fund lost $13.4 million on it.
1984-031992-06
Assets at the end$61.8 millionlast report before July 31, 1992
Deposits at the end$59.4 million
Estimated loss to the fund$13.4 millionBIF
Largest in the quarterly reports$93.8 millionSeptember 30, 1990
Equity to assets1.9%June 30, 1992
Loans not being repaid12.5%noncurrent, June 30, 1992
Return on assets-1.89%a year's rate, June 30, 1992
Staff33full time, June 30, 1992
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.