BankEast
Manchester, NH · Owner: Bankeast Corp
$817M
total assets, June 30, 1991
$817M
total assets, June 30, 1991
BankEast was a state nonmember bank in Manchester, NH, owned by Bankeast Corp. It failed on Oct 10, 1991, and First NH Bank took over its deposits. At its last report it held $816.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Oct 10, 1991
- Assets
- $817M
- Deposits
- $632M
- Estimated cost
- $64.4M
- Deposits went to
- First NH Bank, Concord, NH
Total assets
$817M
-17.4% in a year · -3.5% in a quarter
Deposits
$632M
-16.0% in a year · -3.3% in a quarter
Loans
$595M
-18.3% in a year · -3.6% in a quarter
Profit so far
-$23.5M
Jan 1 to Jun 30, 1991
Capital ratio
0.64%
-3.84 pts in a year
Return on assets
-5.55%
-4.03 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- One Wall Street, Manchester, NH, 03101
- County
- Hillsborough
- Holding company
- Bankeast Corp
- Established
- Jan 1, 1887
- Failed
- Oct 10, 1991
- Employees
- 446
- Id
- b15952
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 BankEast?
$816.8 million in total assets and $631.6 million in deposits as of June 30, 1991, with assets down 17.4% from a year before. Its loans were $594.5 million.
Is BankEast profitable?
No: it lost $23.5 million from January 1 to June 30, 1991. Its return on assets was -5.55% a year; about 1% is typical.
Who owns BankEast?
BankEast is owned by Bankeast Corp, its holding company.
When did BankEast fail?
Oct 10, 1991. First NH Bank of Concord, NH took over its deposits. The estimated cost of the failure was $64.4 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.