The Graveyard › Banks › 1991
The Blackstone Bank and Trust Co
Boston, MA · failed March 15, 1991 · FDIC certificate 27003
The Blackstone Bank and Trust Co of Boston, MA failed on March 15, 1991. It opened on July 20, 1987, 3 years before. At its last report before that it held $49.3 million in assets and $48.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $67.8 million. The FDIC estimates that the Bank Insurance Fund lost $15.2 million on it.
1987-091990-12
Assets at the end$49.3 millionlast report before March 15, 1991
Deposits at the end$48.4 million
Estimated loss to the fund$15.2 millionBIF
Largest in the quarterly reports$67.8 millionJune 30, 1989
Equity to assets0.0%December 31, 1990
Loans not being repaid11.3%noncurrent, December 31, 1990
Return on assets-3.36%a year's rate, December 31, 1990
Staff10full time, December 31, 1990
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.