Heritage Bank for Savings
Holyoke, MA · Owner: Heritage Bcorp Inc
$1.3B
total assets, September 30, 1992
$1.3B
total assets, September 30, 1992
Heritage Bank for Savings was a state savings bank in Holyoke, MA, owned by Heritage Bcorp Inc. It failed on Dec 4, 1992, and Fleet Bank Of Ma Na took over its deposits. At its last report it held $1.3 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Dec 4, 1992
- Assets
- $1.3B
- Deposits
- $1.0B
- Estimated cost
- $24.0M
- Deposits went to
- Fleet Bank Of Ma Na, Boston, MA
Total assets
$1.3B
-5.7% in a year · -3.9% in a quarter
Deposits
$1.0B
-0.9% in a year · -2.2% in a quarter
Loans
$878M
-18.8% in a year · -7.2% in a quarter
Profit so far
-$2.1M
Jan 1 to Sep 30, 1992
Capital ratio
0.88%
+0.07 pts in a year
Return on assets
-0.21%
+2.30 pts in a year
Facts
- Type
- State savings bank
- Head office
- 330 Whitney Avenue, Holyoke, MA, 01040
- County
- Hampden
- Holding company
- Heritage Bcorp Inc
- Established
- Mar 1, 1842
- Failed
- Dec 4, 1992
- Employees
- 430
- Id
- b21996
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 Heritage Bank for Savings?
$1.3 billion in total assets and $1.0 billion in deposits as of September 30, 1992, with assets down 5.7% from a year before. Its loans were $877.8 million.
Is Heritage Bank for Savings profitable?
No: it lost $2.10 million from January 1 to September 30, 1992. Its return on assets was -0.21% a year; about 1% is typical.
Who owns Heritage Bank for Savings?
Heritage Bank for Savings is owned by Heritage Bcorp Inc, its holding company.
When did Heritage Bank for Savings fail?
Dec 4, 1992. Fleet Bank Of Ma Na of Boston, MA took over its deposits. The estimated cost of the failure was $24.0 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.