$31.8M
total assets, March 31, 1991
Beacon Co-operative Bank was a state savings bank in Boston, MA. It failed on Jun 21, 1991, and Grove Bank took over its deposits. At its last report it held $31.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- Jun 21, 1991
- Assets
- $31.8M
- Deposits
- $30.5M
- Estimated cost
- $2.9M
- Deposits went to
- Grove Bank, Boston, MA
Total assets
$31.8M
-5.0% in a year · -2.9% in a quarter
Deposits
$30.5M
-4.4% in a year · -3.3% in a quarter
Loans
$28.1M
-7.5% in a year · -7.1% in a quarter
Profit so far
-$91K
Jan 1 to Mar 31, 1991 · -268.5% in a year
Capital ratio
3.68%
-0.50 pts in a year
Return on assets
-1.13%
-1.75 pts in a year
Facts
- Type
- State savings bank
- Head office
- 1929 Commonwealth Avenue, Boston, MA, 02135
- County
- Suffolk
- Established
- Jan 1, 1958
- Failed
- Jun 21, 1991
- Employees
- 8
- Id
- b26659
Quarter by quarter
June 30, 1986 to March 31, 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 Beacon Co-operative Bank?
$31.8 million in total assets and $30.5 million in deposits as of March 31, 1991, with assets down 5.0% from a year before. Its loans were $28.1 million.
Is Beacon Co-operative Bank profitable?
No: it lost $91,000 from January 1 to March 31, 1991. Its return on assets was -1.13% a year; about 1% is typical.
When did Beacon Co-operative Bank fail?
Jun 21, 1991. Grove Bank of Boston, MA took over its deposits. The estimated cost of the failure was $2.89 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.