Merchants and Mechanics Federal Savings Bank
Springfield, OH
$210M
total assets, June 30, 1991
$210M
total assets, June 30, 1991
Merchants and Mechanics Federal Savings Bank was a savings bank in Springfield, OH. It failed on Aug 23, 1991, and Banc One FSB took over its deposits. At its last report it held $209.9 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Aug 23, 1991
- Assets
- $210M
- Deposits
- $206M
- Estimated cost
- $22.6M
- Deposits went to
- Banc One FSB, Columbus, OH
Total assets
$210M
-6.9% in a year · -2.8% in a quarter
Deposits
$206M
-3.4% in a year · -1.4% in a quarter
Loans
$141M
-15.0% in a year · -2.7% in a quarter
Profit so far
$263K
Jan 1 to Jun 30, 1991 · -85.3% in a year
Capital ratio
-5.05%
-0.45 pts in a year
Return on assets
0.25%
-1.17 pts in a year
Facts
- Type
- Savings bank
- Head office
- 20 South Limestone Street, Springfield, OH, 45502
- County
- Clark
- Established
- Jan 1, 1892
- Failed
- Aug 23, 1991
- Employees
- 86
- Id
- b27693
Quarter by quarter
March 31, 1984 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 Merchants and Mechanics Federal Savings Bank?
$209.9 million in total assets and $206.1 million in deposits as of June 30, 1991, with assets down 6.9% from a year before. Its loans were $141.1 million.
Is Merchants and Mechanics Federal Savings Bank profitable?
Yes: it earned $263,000 from January 1 to June 30, 1991 (down 85.3% from the same months a year before). Its return on assets was 0.25% a year; about 1% is typical.
When did Merchants and Mechanics Federal Savings Bank fail?
Aug 23, 1991. Banc One FSB of Columbus, OH took over its deposits. The estimated cost of the failure was $22.6 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.