New England ALLBANK for Savings
Gardner, MA
$173M
total assets, September 30, 1990
$173M
total assets, September 30, 1990
New England ALLBANK for Savings was a state savings bank in Gardner, MA. It failed on Dec 12, 1990, and Worcester County Institutio took over its deposits. At its last report it held $173.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Dec 12, 1990
- Assets
- $173M
- Deposits
- $172M
- Estimated cost
- $68.0M
- Deposits went to
- Worcester County Institutio, Worcester, MA
Total assets
$173M
-16.5% in a year · -5.5% in a quarter
Deposits
$172M
-8.0% in a year · -2.6% in a quarter
Loans
$120M
-24.2% in a year · -13.2% in a quarter
Profit so far
-$13.8M
Jan 1 to Sep 30, 1990
Capital ratio
0.07%
-9.21 pts in a year
Return on assets
-9.72%
-8.44 pts in a year
Facts
- Type
- State savings bank
- Head office
- 29 Parker Street, Gardner, MA, 01440
- County
- Worcester
- Established
- May 26, 1868
- Failed
- Dec 12, 1990
- Employees
- 99
- Id
- b90201
Quarter by quarter
September 30, 1985 to September 30, 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 New England ALLBANK for Savings?
$173.3 million in total assets and $172.3 million in deposits as of September 30, 1990, with assets down 16.5% from a year before. Its loans were $120.1 million.
Is New England ALLBANK for Savings profitable?
No: it lost $13.8 million from January 1 to September 30, 1990. Its return on assets was -9.72% a year; about 1% is typical.
When did New England ALLBANK for Savings fail?
Dec 12, 1990. Worcester County Institutio of Worcester, MA took over its deposits. The estimated cost of the failure was $68.0 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.