Commercial Bank and Trust Company
Lowell, MA
$30.3M
total assets, March 31, 1994
$30.3M
total assets, March 31, 1994
Commercial Bank and Trust Company was a state nonmember bank in Lowell, MA. It failed on May 6, 1994, and Medford Savings Bank took over its deposits. At its last report it held $30.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1994
This bank failed
- Failed on
- May 6, 1994
- Assets
- $30.3M
- Deposits
- $29.8M
- Estimated cost
- $3.7M
- Deposits went to
- Medford Savings Bank, Medford, MA
Total assets
$30.3M
-11.4% in a year · -6.4% in a quarter
Deposits
$29.8M
-8.3% in a year · -5.5% in a quarter
Loans
$20.0M
-14.0% in a year · -3.0% in a quarter
Profit so far
-$79K
Jan 1 to Mar 31, 1994
Capital ratio
1.31%
-2.05 pts in a year
Return on assets
-1.01%
+3.32 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 88 Prescott Street, Lowell, MA, 01852
- County
- Middlesex
- Established
- Jan 3, 1961
- Failed
- May 6, 1994
- Employees
- 25
- Id
- b18332
Quarter by quarter
March 31, 1984 to March 31, 1994
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 Commercial Bank and Trust Company?
$30.3 million in total assets and $29.8 million in deposits as of March 31, 1994, with assets down 11.4% from a year before. Its loans were $20.0 million.
Is Commercial Bank and Trust Company profitable?
No: it lost $79,000 from January 1 to March 31, 1994. Its return on assets was -1.01% a year; about 1% is typical.
When did Commercial Bank and Trust Company fail?
May 6, 1994. Medford Savings Bank of Medford, MA took over its deposits. The estimated cost of the failure was $3.75 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.