Eastland Savings Bank
Woonsocket, RI · Owner: Eastland Financial Corp
$515M
total assets, September 30, 1992
$515M
total assets, September 30, 1992
Eastland Savings Bank was a state savings bank in Woonsocket, RI, owned by Eastland Financial Corp. It failed on Dec 11, 1992, and Fleet National Bank took over its deposits. At its last report it held $515.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Dec 11, 1992
- Assets
- $515M
- Deposits
- $499M
- Estimated cost
- $10.3M
- Deposits went to
- Fleet National Bank, Providence, RI
Total assets
$515M
-19.7% in a year · -8.2% in a quarter
Deposits
$499M
-17.3% in a year · -4.2% in a quarter
Loans
$408M
-24.1% in a year · -6.5% in a quarter
Profit so far
-$4.9M
Jan 1 to Sep 30, 1992
Capital ratio
2.21%
-0.04 pts in a year
Return on assets
-1.14%
+3.30 pts in a year
Facts
- Type
- State savings bank
- Head office
- 25 Cummings Way, Woonsocket, RI, 02895
- County
- Providence
- Holding company
- Eastland Financial Corp
- Established
- Aug 23, 1845
- Failed
- Dec 11, 1992
- Employees
- 268
- Id
- b16977
Quarter by quarter
March 31, 1984 to September 30, 1992
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 Eastland Savings Bank?
$515.3 million in total assets and $499.0 million in deposits as of September 30, 1992, with assets down 19.7% from a year before. Its loans were $408.3 million.
Is Eastland Savings Bank profitable?
No: it lost $4.91 million from January 1 to September 30, 1992. Its return on assets was -1.14% a year; about 1% is typical.
Who owns Eastland Savings Bank?
Eastland Savings Bank is owned by Eastland Financial Corp, its holding company.
When did Eastland Savings Bank fail?
Dec 11, 1992. Fleet National Bank of Providence, RI took over its deposits. The estimated cost of the failure was $10.3 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.