The Home National Bank of Milford
Milford, MA · Owner: Home National Corp
$462M
total assets, March 31, 1990
$462M
total assets, March 31, 1990
The Home National Bank of Milford was a national bank in Milford, MA, owned by Home National Corp. It failed on Jun 1, 1990, and Baybank Middlesex took over its deposits. At its last report it held $461.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Jun 1, 1990
- Assets
- $462M
- Deposits
- $436M
- Estimated cost
- $94.7M
- Deposits went to
- Baybank Middlesex, Burlington, MA
Total assets
$462M
-11.2% in a year · -2.9% in a quarter
Deposits
$436M
-7.9% in a year · -1.5% in a quarter
Loans
$351M
-11.1% in a year · -4.5% in a quarter
Profit so far
-$4.8M
Jan 1 to Mar 31, 1990
Capital ratio
-0.77%
-6.57 pts in a year
Return on assets
-4.08%
-1.84 pts in a year
Facts
- Type
- National bank
- Head office
- 221 Main Street, Milford, MA, 01757
- County
- Worcester
- Holding company
- Home National Corp
- Established
- Jun 15, 1875
- Failed
- Jun 1, 1990
- Employees
- 185
- Id
- b2614
Quarter by quarter
March 31, 1984 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 The Home National Bank of Milford?
$461.7 million in total assets and $436.3 million in deposits as of March 31, 1990, with assets down 11.2% from a year before. Its loans were $351.2 million.
Is The Home National Bank of Milford profitable?
No: it lost $4.78 million from January 1 to March 31, 1990. Its return on assets was -4.08% a year; about 1% is typical.
Who owns The Home National Bank of Milford?
The Home National Bank of Milford is owned by Home National Corp, its holding company.
When did The Home National Bank of Milford fail?
Jun 1, 1990. Baybank Middlesex of Burlington, MA took over its deposits. The estimated cost of the failure was $94.7 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.