The Graveyard › Banks › 1992

Workingmens Co-operative Bank

Boston, MA · failed May 29, 1992 · FDIC certificate 26864

Workingmens Co-operative Bank of Boston, MA failed on May 29, 1992. It opened in 1880, 112 years before. At its last report before that it held $223.7 million in assets and $189.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $275.6 million. The FDIC estimates that the Bank Insurance Fund lost $12.9 million on it.

1987-031992-03

Assets at the end$223.7 millionlast report before May 29, 1992

Deposits at the end$189.9 million

Estimated loss to the fund$12.9 millionBIF

Largest in the quarterly reports$275.6 millionMarch 31, 1989

Equity to assets1.4%March 31, 1992

Loans not being repaid2.7%noncurrent, March 31, 1992

Return on assets0.12%a year's rate, March 31, 1992

Staff84full time, March 31, 1992

On the FDIC's list: WORKINGMEN'S CO-OPERATIVE BANK.

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Also ended in 1992

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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.