$154M
total assets, September 30, 1991
Merchants National Bank was a national bank in Leominster, MA. It failed on Dec 13, 1991, and Worcester County Institutio took over its deposits. At its last report it held $153.6 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Dec 13, 1991
- Assets
- $154M
- Deposits
- $147M
- Estimated cost
- $29.4M
- Deposits went to
- Worcester County Institutio, Worcester, MA
Total assets
$154M
-12.6% in a year · -3.6% in a quarter
Deposits
$147M
-11.4% in a year · -1.1% in a quarter
Loans
$108M
-14.9% in a year · -3.3% in a quarter
Profit so far
-$7.4M
Jan 1 to Sep 30, 1991
Capital ratio
-3.53%
-4.96 pts in a year
Return on assets
-6.05%
-1.22 pts in a year
Facts
- Type
- National bank
- Head office
- 1 Main Street, Leominster, MA, 01453
- County
- Worcester
- Established
- Jul 31, 1911
- Failed
- Dec 13, 1991
- Employees
- 89
- Id
- b2599
Quarter by quarter
March 31, 1984 to September 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 National Bank?
$153.6 million in total assets and $147.4 million in deposits as of September 30, 1991, with assets down 12.6% from a year before. Its loans were $107.5 million.
Is Merchants National Bank profitable?
No: it lost $7.40 million from January 1 to September 30, 1991. Its return on assets was -6.05% a year; about 1% is typical.
When did Merchants National Bank fail?
Dec 13, 1991. Worcester County Institutio of Worcester, MA took over its deposits. The estimated cost of the failure was $29.4 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.