Bank of New England, National Association
Boston, MA · Owner: Bank of New England Corp
$13.4B
total assets, December 31, 1990
$13.4B
total assets, December 31, 1990
Bank of New England, National Association was a national bank in Boston, MA, owned by Bank of New England Corp. It failed on Jan 6, 1991, and New Bank Of New England, Na took over its deposits. At its last report it held $13.4 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Jan 6, 1991
- Assets
- $13.4B
- Deposits
- $9.4B
- Estimated cost
- $573M
- Deposits went to
- New Bank Of New England, Na, Boston, MA
Total assets
$13.4B
-6.0% in a year · +1.9% in a quarter
Deposits
$9.4B
+2.1% in a year · +17.5% in a quarter
Loans
$10.7B
-2.6% in a year · +6.2% in a quarter
Profit so far
-$543M
Jan 1 to Dec 31, 1990
Capital ratio
-0.82%
-2.11 pts in a year
Return on assets
-3.21%
-0.06 pts in a year
Facts
- Type
- National bank
- Head office
- 28 State Street, Boston, MA, 02109
- County
- Suffolk
- Holding company
- Bank of New England Corp
- Established
- Jan 1, 1831
- Failed
- Jan 6, 1991
- Employees
- 6,207
- Id
- b2560
Quarter by quarter
March 31, 1984 to December 31, 1990
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 of New England, National Association?
$13.4 billion in total assets and $9.4 billion in deposits as of December 31, 1990, with assets down 6.0% from a year before. Its loans were $10.7 billion.
Is Bank of New England, National Association profitable?
No: it lost $543.1 million from January 1 to December 31, 1990. Its return on assets was -3.21% a year; about 1% is typical.
Who owns Bank of New England, National Association?
Bank of New England, National Association is owned by Bank of New England Corp, its holding company.
When did Bank of New England, National Association fail?
Jan 6, 1991. New Bank Of New England, Na of Boston, MA took over its deposits. The estimated cost of the failure was $572.6 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.