First Mutual Bank for Savings
Boston, MA
$1.1B
total assets, March 31, 1991
$1.1B
total assets, March 31, 1991
First Mutual Bank for Savings was a state savings bank in Boston, MA. It failed on Jun 28, 1991, and First National Bank Of Bost took over its deposits. At its last report it held $1.1 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- Jun 28, 1991
- Assets
- $1.1B
- Deposits
- $1.1B
- Estimated cost
- $170M
- Deposits went to
- First National Bank Of Bost, Boston, MA
Total assets
$1.1B
-14.3% in a year · -0.9% in a quarter
Deposits
$1.1B
-13.4% in a year · -2.0% in a quarter
Loans
$741M
-23.0% in a year · -3.6% in a quarter
Profit so far
-$14.9M
Jan 1 to Mar 31, 1991
Capital ratio
-5.08%
-9.37 pts in a year
Return on assets
-5.26%
-4.44 pts in a year
Facts
- Type
- State savings bank
- Head office
- 800 Boylston Street, Boston, MA, 02199
- County
- Suffolk
- Established
- May 1, 1829
- Failed
- Jun 28, 1991
- Employees
- 281
- Id
- b17795
Quarter by quarter
March 31, 1984 to March 31, 1991
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 Mutual Bank for Savings?
$1.1 billion in total assets and $1.1 billion in deposits as of March 31, 1991, with assets down 14.3% from a year before. Its loans were $741.4 million.
Is First Mutual Bank for Savings profitable?
No: it lost $14.9 million from January 1 to March 31, 1991. Its return on assets was -5.26% a year; about 1% is typical.
When did First Mutual Bank for Savings fail?
Jun 28, 1991. First National Bank Of Bost of Boston, MA took over its deposits. The estimated cost of the failure was $169.9 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.