First American Bank for Savings
Boston, MA · Owner: 1st American Bcorp Inc
$526M
total assets, June 30, 1990
$526M
total assets, June 30, 1990
First American Bank for Savings was a state savings bank in Boston, MA, owned by 1st American Bcorp Inc. It failed on Oct 19, 1990, and The Boston Five Cents Savin took over its deposits. At its last report it held $526.2 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1990
This bank failed
- Failed on
- Oct 19, 1990
- Assets
- $526M
- Deposits
- $489M
- Estimated cost
- $138M
- Deposits went to
- The Boston Five Cents Savin, Boston, MA
Total assets
$526M
-14.3% in a year · -2.4% in a quarter
Deposits
$489M
-4.3% in a year · -1.3% in a quarter
Loans
$401M
-29.9% in a year · -6.0% in a quarter
Profit so far
-$13.9M
Jan 1 to Jun 30, 1990
Capital ratio
0.11%
-7.82 pts in a year
Return on assets
-5.15%
+13.28 pts in a year
Facts
- Type
- State savings bank
- Head office
- 572 Columbia Road, Boston, MA, 02125
- County
- Suffolk
- Holding company
- 1st American Bcorp Inc
- Established
- Jan 1, 1894
- Failed
- Oct 19, 1990
- Employees
- 164
- Id
- b22064
Quarter by quarter
March 31, 1984 to June 30, 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 First American Bank for Savings?
$526.2 million in total assets and $489.3 million in deposits as of June 30, 1990, with assets down 14.3% from a year before. Its loans were $400.5 million.
Is First American Bank for Savings profitable?
No: it lost $13.9 million from January 1 to June 30, 1990. Its return on assets was -5.15% a year; about 1% is typical.
Who owns First American Bank for Savings?
First American Bank for Savings is owned by 1st American Bcorp Inc, its holding company.
When did First American Bank for Savings fail?
Oct 19, 1990. The Boston Five Cents Savin of Boston, MA took over its deposits. The estimated cost of the failure was $138.0 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.