The Graveyard › Banks › 1991
University Bank, National Association
Newton, MA · failed May 31, 1991 · FDIC certificate 10544
University Bank, National Association of Newton, MA failed on May 31, 1991. It opened in 1927, 64 years before. At its last report before that it held $318.8 million in assets and $295.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $425.5 million. The FDIC estimates that the Bank Insurance Fund lost $104.2 million on it.
1984-031991-03
Assets at the end$318.8 millionlast report before May 31, 1991
Deposits at the end$295.8 million
Estimated loss to the fund$104.2 millionBIF
Largest in the quarterly reports$425.5 millionSeptember 30, 1989
Equity to assets-1.9%March 31, 1991
Loans not being repaid4.9%noncurrent, March 31, 1991
Return on assets-3.13%a year's rate, March 31, 1991
Staff137full time, March 31, 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.