$223M
total assets, June 30, 1994
Ludlow Savings Bank was a state savings bank in Ludlow, MA. It failed on Oct 21, 1994, and Albany Savings Bank FSB took over its deposits. At its last report it held $222.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1994
This bank failed
- Failed on
- Oct 21, 1994
- Assets
- $223M
- Deposits
- $229M
- Estimated cost
- $2.9M
- Deposits went to
- Albany Savings Bank FSB, Albany, NY
Total assets
$223M
-8.8% in a year · -1.4% in a quarter
Deposits
$229M
-2.1% in a year · -1.1% in a quarter
Loans
$163M
-6.1% in a year · -5.2% in a quarter
Profit so far
-$665K
Jan 1 to Jun 30, 1994 · -169.4% in a year
Capital ratio
-2.47%
-6.00 pts in a year
Return on assets
-0.59%
-1.36 pts in a year
Facts
- Type
- State savings bank
- Head office
- 33 Center Street, Ludlow, MA, 01056
- County
- Hampden
- Established
- Feb 18, 1888
- Failed
- Oct 21, 1994
- Employees
- 126
- Branches
- 9
- Id
- b90230
Quarter by quarter
September 30, 1985 to June 30, 1994
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 Ludlow Savings Bank?
$222.7 million in total assets and $229.1 million in deposits as of June 30, 1994, with assets down 8.8% from a year before. Its loans were $162.7 million.
How many branches does Ludlow Savings Bank have?
9 branches in Massachusetts as of June 30, 2026.
Is Ludlow Savings Bank profitable?
No: it lost $665,000 from January 1 to June 30, 1994. Its return on assets was -0.59% a year; about 1% is typical.
When did Ludlow Savings Bank fail?
Oct 21, 1994. Albany Savings Bank FSB of Albany, NY took over its deposits. The estimated cost of the failure was $2.87 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.