$328M
total assets, March 31, 1990
Milford Savings Bank was a state savings bank in Milford, MA. It failed on Jul 6, 1990, and Peoples Savings Bank took over its deposits. At its last report it held $328.1 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Jul 6, 1990
- Assets
- $328M
- Deposits
- $298M
- Estimated cost
- $135M
- Deposits went to
- Peoples Savings Bank, Worcester, MA
Total assets
$328M
-9.2% in a year · +0.3% in a quarter
Deposits
$298M
-4.0% in a year · +1.0% in a quarter
Loans
$264M
-12.8% in a year · -2.6% in a quarter
Profit so far
-$1.0M
Jan 1 to Mar 31, 1990 · -370.1% in a year
Capital ratio
1.21%
-4.30 pts in a year
Return on assets
-1.27%
-1.70 pts in a year
Facts
- Type
- State savings bank
- Head office
- 232 Main Street, Milford, MA, 01757
- County
- Worcester
- Established
- Apr 24, 1851
- Failed
- Jul 6, 1990
- Employees
- 142
- Id
- b90242
Quarter by quarter
March 31, 1986 to March 31, 1990
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 Milford Savings Bank?
$328.1 million in total assets and $297.8 million in deposits as of March 31, 1990, with assets down 9.2% from a year before. Its loans were $264.5 million.
Is Milford Savings Bank profitable?
No: it lost $1.04 million from January 1 to March 31, 1990. Its return on assets was -1.27% a year; about 1% is typical.
When did Milford Savings Bank fail?
Jul 6, 1990. Peoples Savings Bank of Worcester, MA took over its deposits. The estimated cost of the failure was $135.2 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.