$60.6M
total assets, March 31, 1991
Colonial Bank was a savings and loan in Cranston, RI. It failed on May 10, 1991, and Payout took over its deposits. At its last report it held $60.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 10, 1991
- Assets
- $60.6M
- Deposits
- $62.3M
- Estimated cost
- $28.6M
- Deposits went to
- Payout, None, NA
Total assets
$60.6M
-14.8% in a year · -0.4% in a quarter
Deposits
$62.3M
-5.5% in a year · +2.6% in a quarter
Loans
$41.0M
-27.4% in a year · -11.4% in a quarter
Profit so far
-$1.8M
Jan 1 to Mar 31, 1991
Capital ratio
-2.94%
-9.42 pts in a year
Return on assets
-11.87%
-11.80 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1210 Pontiac Avenue, Cranston, RI, 02920
- County
- Providence
- Established
- Apr 5, 1978
- Failed
- May 10, 1991
- Employees
- 30
- Id
- b32537
Quarter by quarter
June 30, 1987 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 Colonial Bank?
$60.6 million in total assets and $62.3 million in deposits as of March 31, 1991, with assets down 14.8% from a year before. Its loans were $41.0 million.
Is Colonial Bank profitable?
No: it lost $1.80 million from January 1 to March 31, 1991. Its return on assets was -11.87% a year; about 1% is typical.
When did Colonial Bank fail?
May 10, 1991. Payout of None, NA took over its deposits. The estimated cost of the failure was $28.6 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.