Woburn Five Cents Savings Bank
Woburn, MA · Owner: First Woburn Bcorp Inc
$247M
total assets, March 31, 1991
$247M
total assets, March 31, 1991
Woburn Five Cents Savings Bank was a state savings bank in Woburn, MA, owned by First Woburn Bcorp Inc. It failed on Jun 7, 1991, and Sterling Bank took over its deposits. At its last report it held $247.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- Jun 7, 1991
- Assets
- $247M
- Deposits
- $240M
- Estimated cost
- $35.9M
- Deposits went to
- Sterling Bank, Waltham, MA
Total assets
$247M
-16.5% in a year · -4.8% in a quarter
Deposits
$240M
-2.1% in a year · -4.3% in a quarter
Loans
$188M
-7.1% in a year · -3.4% in a quarter
Profit so far
-$3.6M
Jan 1 to Mar 31, 1991
Capital ratio
-3.03%
-9.75 pts in a year
Return on assets
-5.72%
+0.43 pts in a year
Facts
- Type
- State savings bank
- Head office
- 19 Pleasant Street, Woburn, MA, 01801
- County
- Middlesex
- Holding company
- First Woburn Bcorp Inc
- Established
- Jul 4, 1954
- Failed
- Jun 7, 1991
- Employees
- 67
- Id
- b90310
Quarter by quarter
September 30, 1985 to March 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 Woburn Five Cents Savings Bank?
$247.2 million in total assets and $240.0 million in deposits as of March 31, 1991, with assets down 16.5% from a year before. Its loans were $188.1 million.
Is Woburn Five Cents Savings Bank profitable?
No: it lost $3.63 million from January 1 to March 31, 1991. Its return on assets was -5.72% a year; about 1% is typical.
Who owns Woburn Five Cents Savings Bank?
Woburn Five Cents Savings Bank is owned by First Woburn Bcorp Inc, its holding company.
When did Woburn Five Cents Savings Bank fail?
Jun 7, 1991. Sterling Bank of Waltham, MA took over its deposits. The estimated cost of the failure was $35.9 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.