Hillsborough Bank & Trust Company
Milford, NH · Owner: Merrimack Bcorp Inc
$49.9M
total assets, June 30, 1991
$49.9M
total assets, June 30, 1991
Hillsborough Bank & Trust Company was a state nonmember bank in Milford, NH, owned by Merrimack Bcorp Inc. It failed on Aug 30, 1991, and Peterborough Savings Bank took over its deposits. At its last report it held $49.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Aug 30, 1991
- Assets
- $49.9M
- Deposits
- $59.5M
- Estimated cost
- $23.9M
- Deposits went to
- Peterborough Savings Bank, Peterborough, NH
Total assets
$49.9M
-23.2% in a year · -12.7% in a quarter
Deposits
$59.5M
-3.1% in a year · +1.2% in a quarter
Loans
$37.9M
-34.8% in a year · -18.5% in a quarter
Profit so far
-$8.8M
Jan 1 to Jun 30, 1991
Capital ratio
-19.11%
-22.07 pts in a year
Return on assets
-31.66%
-24.35 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 29 Armory Road, Milford, NH, 03055
- County
- Hillsborough
- Holding company
- Merrimack Bcorp Inc
- Established
- Oct 6, 1986
- Failed
- Aug 30, 1991
- Employees
- 19
- Id
- b26792
Quarter by quarter
December 31, 1986 to June 30, 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 Hillsborough Bank & Trust Company?
$49.9 million in total assets and $59.5 million in deposits as of June 30, 1991, with assets down 23.2% from a year before. Its loans were $37.9 million.
Is Hillsborough Bank & Trust Company profitable?
No: it lost $8.76 million from January 1 to June 30, 1991. Its return on assets was -31.66% a year; about 1% is typical.
Who owns Hillsborough Bank & Trust Company?
Hillsborough Bank & Trust Company is owned by Merrimack Bcorp Inc, its holding company.
When did Hillsborough Bank & Trust Company fail?
Aug 30, 1991. Peterborough Savings Bank of Peterborough, NH took over its deposits. The estimated cost of the failure was $23.9 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.