The Graveyard › Banks › 1991
Woburn Five Cents Savings Bank
Woburn, MA · failed June 7, 1991 · FDIC certificate 90310
Woburn Five Cents Savings Bank of Woburn, MA failed on June 7, 1991. It opened on July 4, 1954, 36 years before. At its last report before that it held $247.2 million in assets and $240.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $315.9 million. The FDIC estimates that the Bank Insurance Fund lost $35.9 million on it.
1985-091991-03
Assets at the end$247.2 millionlast report before June 7, 1991
Deposits at the end$240.0 million
Estimated loss to the fund$35.9 millionBIF
Largest in the quarterly reports$315.9 millionMarch 31, 1989
Equity to assets-3.1%March 31, 1991
Loans not being repaid7.3%noncurrent, March 31, 1991
Return on assets-5.72%a year's rate, March 31, 1991
Staff67full 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.