$1.4B
total assets, December 31, 1990
Comfed Savings Bank was a savings bank in Lowell, MA. It failed on Dec 14, 1990, and Branch Sale took over its deposits. At its last report it held $1.4 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Dec 14, 1990
- Assets
- $1.4B
- Deposits
- $932M
- Estimated cost
- $321M
- Deposits went to
- Branch Sale, None, NA
Total assets
$1.4B
-7.1% in a year · 0.0% in a quarter
Deposits
$932M
-3.8% in a year · -4.0% in a quarter
Loans
$638M
-27.9% in a year · -8.7% in a quarter
Profit so far
-$165M
Jan 1 to Dec 31, 1990
Capital ratio
-6.60%
-6.60 pts in a year
Return on assets
-11.22%
-10.52 pts in a year
Facts
- Type
- Savings bank
- Head office
- 45 Central St, Lowell, MA, 01852
- County
- Middlesex
- Established
- Jan 1, 1892
- Failed
- Feb 1, 1991
- Employees
- 523
- Id
- b29457
Quarter by quarter
March 31, 1984 to December 31, 1990
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 Comfed Savings Bank?
$1.4 billion in total assets and $931.9 million in deposits as of December 31, 1990, with assets down 7.1% from a year before. Its loans were $637.5 million.
Is Comfed Savings Bank profitable?
No: it lost $164.6 million from January 1 to December 31, 1990. Its return on assets was -11.22% a year; about 1% is typical.
When did Comfed Savings Bank fail?
Dec 14, 1990. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $321.3 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.