$387M
total assets, June 30, 1991
Bank Five for Savings was a state savings bank in Arlington, MA. It failed on Sep 20, 1991, and Cambridge Savings Bank took over its deposits. At its last report it held $386.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Sep 20, 1991
- Assets
- $387M
- Deposits
- $403M
- Estimated cost
- $96.6M
- Deposits went to
- Cambridge Savings Bank, Cambridge, MA
Total assets
$387M
-12.5% in a year · -3.1% in a quarter
Deposits
$403M
-5.5% in a year · -2.3% in a quarter
Loans
$302M
-15.5% in a year · -5.0% in a quarter
Profit so far
-$5.3M
Jan 1 to Jun 30, 1991
Capital ratio
-4.43%
-7.41 pts in a year
Return on assets
-2.65%
+5.80 pts in a year
Facts
- Type
- State savings bank
- Head office
- 626 Massachusetts Avenue, Arlington, MA, 02476
- County
- Middlesex
- Established
- Apr 2, 1860
- Failed
- Sep 20, 1991
- Employees
- 129
- Id
- b24502
Quarter by quarter
March 31, 1984 to June 30, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank Five for Savings?
$386.6 million in total assets and $402.7 million in deposits as of June 30, 1991, with assets down 12.5% from a year before. Its loans were $301.6 million.
Is Bank Five for Savings profitable?
No: it lost $5.30 million from January 1 to June 30, 1991. Its return on assets was -2.65% a year; about 1% is typical.
When did Bank Five for Savings fail?
Sep 20, 1991. Cambridge Savings Bank of Cambridge, MA took over its deposits. The estimated cost of the failure was $96.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.