The Graveyard › Banks › 1990
New England ALLBANK for Savings
Gardner, MA · failed December 12, 1990 · FDIC certificate 90201
New England ALLBANK for Savings of Gardner, MA failed on December 12, 1990. It opened on May 26, 1868, 122 years before. At its last report before that it held $173.3 million in assets and $172.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $225.9 million. The FDIC estimates that the Bank Insurance Fund lost $68.0 million on it.
1985-091990-09
Assets at the end$173.3 millionlast report before December 12, 1990
Deposits at the end$172.3 million
Estimated loss to the fund$68.0 millionBIF
Largest in the quarterly reports$225.9 millionJune 30, 1988
Equity to assets0.1%September 30, 1990
Loans not being repaid21.7%noncurrent, September 30, 1990
Return on assets-9.72%a year's rate, September 30, 1990
Staff99full time, September 30, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.