$398M
total assets, December 31, 1991
The Bank for Savings was a state savings bank in Malden, MA. It failed on Mar 20, 1992, and Medford Savings Bank took over its deposits. At its last report it held $398.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Mar 20, 1992
- Assets
- $398M
- Deposits
- $393M
- Estimated cost
- $21.7M
- Deposits went to
- Medford Savings Bank, Medford, MA
Total assets
$398M
-4.6% in a year · +0.4% in a quarter
Deposits
$393M
-1.8% in a year · +0.1% in a quarter
Loans
$265M
-11.3% in a year · -2.1% in a quarter
Profit so far
-$10.0M
Jan 1 to Dec 31, 1991
Capital ratio
0.80%
-2.27 pts in a year
Return on assets
-2.46%
+2.05 pts in a year
Facts
- Type
- State savings bank
- Head office
- 399 Main Street, Malden, MA, 02148
- County
- Middlesex
- Established
- Apr 2, 1860
- Failed
- Mar 20, 1992
- Employees
- 185
- Id
- b23289
Quarter by quarter
March 31, 1984 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 The Bank for Savings?
$398.0 million in total assets and $392.7 million in deposits as of December 31, 1991, with assets down 4.6% from a year before. Its loans were $265.0 million.
Is The Bank for Savings profitable?
No: it lost $9.99 million from January 1 to December 31, 1991. Its return on assets was -2.46% a year; about 1% is typical.
When did The Bank for Savings fail?
Mar 20, 1992. Medford Savings Bank of Medford, MA took over its deposits. The estimated cost of the failure was $21.7 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.