Southstate Bank for Savings
Brockton, MA · Owner: One Bcorp the
$286M
total assets, December 31, 1991
$286M
total assets, December 31, 1991
Southstate Bank for Savings was a state savings bank in Brockton, MA, owned by One Bcorp the. It failed on Apr 24, 1992, and Baybank took over its deposits. At its last report it held $285.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Apr 24, 1992
- Assets
- $286M
- Deposits
- $267M
- Estimated cost
- $10.5M
- Deposits went to
- Baybank, Burlington, MA
Total assets
$286M
-8.8% in a year · -1.3% in a quarter
Deposits
$267M
-4.3% in a year · -1.3% in a quarter
Loans
$220M
-12.4% in a year · -2.3% in a quarter
Profit so far
-$13.1M
Jan 1 to Dec 31, 1991
Capital ratio
1.25%
-3.90 pts in a year
Return on assets
-4.39%
+0.80 pts in a year
Facts
- Type
- State savings bank
- Head office
- 1 North Main Street, Brockton, MA, 02301
- County
- Plymouth
- Holding company
- One Bcorp the
- Established
- Mar 3, 1881
- Failed
- Apr 24, 1992
- Employees
- 131
- Id
- b90170
Quarter by quarter
March 31, 1986 to December 31, 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 Southstate Bank for Savings?
$285.9 million in total assets and $267.5 million in deposits as of December 31, 1991, with assets down 8.8% from a year before. Its loans were $220.3 million.
Is Southstate Bank for Savings profitable?
No: it lost $13.1 million from January 1 to December 31, 1991. Its return on assets was -4.39% a year; about 1% is typical.
Who owns Southstate Bank for Savings?
Southstate Bank for Savings is owned by One Bcorp the, its holding company.
When did Southstate Bank for Savings fail?
Apr 24, 1992. Baybank of Burlington, MA took over its deposits. The estimated cost of the failure was $10.5 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.