Lowell Institution for Savings
Lowell, MA · Owner: Merrimack Bcorp Inc
$386M
total assets, June 30, 1991
$386M
total assets, June 30, 1991
Lowell Institution for Savings was a state savings bank in Lowell, MA, owned by Merrimack Bcorp Inc. It failed on Aug 30, 1991, and The Family Mutual Savings B took over its deposits. At its last report it held $386.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Aug 30, 1991
- Assets
- $386M
- Deposits
- $318M
- Estimated cost
- $122M
- Deposits went to
- The Family Mutual Savings B, Haverhill, MA
Total assets
$386M
-15.1% in a year · -6.2% in a quarter
Deposits
$318M
-10.8% in a year · -3.4% in a quarter
Loans
$264M
-22.3% in a year · -1.2% in a quarter
Profit so far
-$16.5M
Jan 1 to Jun 30, 1991
Capital ratio
-3.58%
-7.58 pts in a year
Return on assets
-8.03%
-5.69 pts in a year
Facts
- Type
- State savings bank
- Head office
- 18 Shattuck Street, Lowell, MA, 01852
- County
- Middlesex
- Holding company
- Merrimack Bcorp Inc
- Established
- Jan 1, 1829
- Failed
- Aug 30, 1991
- Employees
- 140
- Id
- b90228
Quarter by quarter
September 30, 1985 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 Lowell Institution for Savings?
$386.4 million in total assets and $318.1 million in deposits as of June 30, 1991, with assets down 15.1% from a year before. Its loans were $264.1 million.
Is Lowell Institution for Savings profitable?
No: it lost $16.5 million from January 1 to June 30, 1991. Its return on assets was -8.03% a year; about 1% is typical.
Who owns Lowell Institution for Savings?
Lowell Institution for Savings is owned by Merrimack Bcorp Inc, its holding company.
When did Lowell Institution for Savings fail?
Aug 30, 1991. The Family Mutual Savings B of Haverhill, MA took over its deposits. The estimated cost of the failure was $122.0 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.