$479M
total assets, March 31, 1990
Eliot Savings Bank was a state savings bank in Boston, MA. It failed on Jun 29, 1990, and South Boston Savings Bank took over its deposits. At its last report it held $479.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Jun 29, 1990
- Assets
- $479M
- Deposits
- $468M
- Estimated cost
- $212M
- Deposits went to
- South Boston Savings Bank, Boston, MA
Total assets
$479M
-12.6% in a year · -2.0% in a quarter
Deposits
$468M
+5.6% in a year · -0.7% in a quarter
Loans
$367M
-17.9% in a year · -4.4% in a quarter
Profit so far
-$5.4M
Jan 1 to Mar 31, 1990 · -820.5% in a year
Capital ratio
-4.02%
-11.16 pts in a year
Return on assets
-4.43%
-4.99 pts in a year
Facts
- Type
- State savings bank
- Head office
- 2 Oliver Street, Boston, MA, 02109
- County
- Suffolk
- Established
- Apr 13, 1864
- Failed
- Jun 29, 1990
- Employees
- 98
- Id
- b22320
Quarter by quarter
March 31, 1984 to March 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 Eliot Savings Bank?
$479.5 million in total assets and $468.0 million in deposits as of March 31, 1990, with assets down 12.6% from a year before. Its loans were $366.8 million.
Is Eliot Savings Bank profitable?
No: it lost $5.37 million from January 1 to March 31, 1990. Its return on assets was -4.43% a year; about 1% is typical.
When did Eliot Savings Bank fail?
Jun 29, 1990. South Boston Savings Bank of Boston, MA took over its deposits. The estimated cost of the failure was $212.3 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.