$58.1M
total assets, June 30, 1991
Bay Savings Bank was a savings and loan in West Palm Beach, FL. It failed on Sep 6, 1991, and Fidelity FSB Of FL took over its deposits. At its last report it held $58.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Sep 6, 1991
- Assets
- $58.1M
- Deposits
- $54.1M
- Estimated cost
- $12.7M
- Deposits went to
- Fidelity FSB Of FL, West Palm Beach, FL
Total assets
$58.1M
-10.2% in a year · +4.5% in a quarter
Deposits
$54.1M
-8.9% in a year · -1.1% in a quarter
Loans
$48.0M
-13.6% in a year · +0.1% in a quarter
Profit so far
$84K
Jan 1 to Jun 30, 1991 · -75.4% in a year
Capital ratio
-0.73%
-5.77 pts in a year
Return on assets
0.29%
-0.73 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 4674 Forest Hill Blvd, West Palm Beach, FL, 33406
- County
- Palm Beach
- Established
- Feb 25, 1986
- Failed
- Sep 6, 1991
- Employees
- 28
- Id
- b32454
Quarter by quarter
March 31, 1986 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 Bay Savings Bank?
$58.1 million in total assets and $54.1 million in deposits as of June 30, 1991, with assets down 10.2% from a year before. Its loans were $48.0 million.
Is Bay Savings Bank profitable?
Yes: it earned $84,000 from January 1 to June 30, 1991 (down 75.4% from the same months a year before). Its return on assets was 0.29% a year; about 1% is typical.
When did Bay Savings Bank fail?
Sep 6, 1991. Fidelity FSB Of FL of West Palm Beach, FL took over its deposits. The estimated cost of the failure was $12.7 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.