Old Stone Bank A Federal Savings Bank
Providence, RI
$1.8B
total assets, December 31, 1992
$1.8B
total assets, December 31, 1992
Old Stone Bank A Federal Savings Bank was a savings bank in Providence, RI. It failed on Jan 29, 1993, and Citizens SB took over its deposits. At its last report it held $1.8 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1992
This bank failed
- Failed on
- Jan 29, 1993
- Assets
- $1.8B
- Deposits
- $1.7B
- Estimated cost
- $73.6M
- Deposits went to
- Citizens SB, Providence, RI
- Rescued on
- Sep 1, 1984
- Assets
- $130M
- Deposits
- $124M
- Estimated cost
- $9.6M
- How
- Old Stone Bank FSB, Providence, RI
It also received outside help once before.
Total assets
$1.8B
-16.0% in a year · -4.3% in a quarter
Deposits
$1.7B
-8.3% in a year · -3.7% in a quarter
Loans
$1.4B
-11.9% in a year · -3.3% in a quarter
Profit so far
-$28.6M
Jan 1 to Dec 31, 1992
Capital ratio
1.32%
-1.03 pts in a year
Return on assets
-1.42%
+3.86 pts in a year
Facts
- Type
- Savings bank
- Head office
- 86 South Main Street, Providence, RI, 02901
- County
- Providence
- Established
- Jan 1, 1936
- Failed
- Jan 29, 1993
- Employees
- 738
- Id
- b29892
Quarter by quarter
March 31, 1984 to December 31, 1992
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 Old Stone Bank A Federal Savings Bank?
$1.8 billion in total assets and $1.7 billion in deposits as of December 31, 1992, with assets down 16.0% from a year before. Its loans were $1.4 billion.
Is Old Stone Bank A Federal Savings Bank profitable?
No: it lost $28.6 million from January 1 to December 31, 1992. Its return on assets was -1.42% a year; about 1% is typical.
When did Old Stone Bank A Federal Savings Bank fail?
Jan 29, 1993. Citizens SB of Providence, RI took over its deposits. The estimated cost of the failure was $73.6 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.