Butler Bank
Lowell, MA · Owner: Butler Bcorp MHC
$246M
total assets, March 31, 2010
$246M
total assets, March 31, 2010
Butler Bank was a state savings bank in Lowell, MA, owned by Butler Bcorp MHC. It failed on Apr 16, 2010, and People's United Bank took over its deposits. At its last report it held $245.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Apr 16, 2010
- Assets
- $246M
- Deposits
- $227M
- Estimated cost
- $18.3M
- Deposits went to
- People's United Bank, Bridgeport, CT
Total assets
$246M
-22.3% in a year · -8.4% in a quarter
Deposits
$227M
-16.6% in a year · -2.5% in a quarter
Loans
$179M
-27.3% in a year · -9.5% in a quarter
Profit so far
-$6.0M
Jan 1 to Mar 31, 2010
Capital ratio
-0.10%
-3.51 pts in a year
Return on assets
-9.27%
-6.59 pts in a year
Facts
- Type
- State savings bank
- Head office
- 10 George Street, Lowell, MA, 01852
- County
- Middlesex
- Holding company
- Butler Bcorp MHC
- Established
- Jan 1, 1901
- Failed
- Apr 16, 2010
- Employees
- 58
- Branches
- 4
- Id
- b26619
Quarter by quarter
June 30, 1986 to March 31, 2010
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 Butler Bank?
$245.5 million in total assets and $227.4 million in deposits as of March 31, 2010, with assets down 22.3% from a year before. Its loans were $179.3 million.
How many branches does Butler Bank have?
4 branches in Massachusetts as of June 30, 2026.
Is Butler Bank profitable?
No: it lost $5.95 million from January 1 to March 31, 2010. Its return on assets was -9.27% a year; about 1% is typical.
Who owns Butler Bank?
Butler Bank is owned by Butler Bcorp MHC, its holding company.
When did Butler Bank fail?
Apr 16, 2010. People's United Bank of Bridgeport, CT took over its deposits. The estimated cost of the failure was $18.3 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.