Yankee Bank for Finance and Savings, FSB
Boston, MA
$525M
total assets, June 30, 1987
$525M
total assets, June 30, 1987
Yankee Bank for Finance and Savings, FSB was a savings bank in Boston, MA. It failed on Oct 16, 1987, and Boston Five Cents SB FSB took over its deposits. At its last report it held $525.5 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Oct 16, 1987
- Assets
- $525M
- Deposits
- $488M
- Estimated cost
- $63.6M
- Deposits went to
- Boston Five Cents SB FSB, Boston, MA
Total assets
$525M
-5.9% in a year · -4.9% in a quarter
Deposits
$488M
-6.6% in a year · +4.4% in a quarter
Loans
$413M
+2.0% in a year · +6.1% in a quarter
Profit so far
-$14.2M
Jan 1 to Jun 30, 1987 · -876.8% in a year
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-5.15%
-5.79 pts in a year
Facts
- Type
- Savings bank
- Head office
- 69 Tremont Street, Boston, MA, 02108
- County
- Suffolk
- Established
- Jan 1, 1869
- Failed
- Oct 16, 1987
- Id
- b17888
Quarter by quarter
March 31, 1984 to June 30, 1987
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 Yankee Bank for Finance and Savings, FSB?
$525.5 million in total assets and $488.3 million in deposits as of June 30, 1987, with assets down 5.9% from a year before. Its loans were $413.1 million.
Is Yankee Bank for Finance and Savings, FSB profitable?
No: it lost $14.2 million from January 1 to June 30, 1987. Its return on assets was -5.15% a year; about 1% is typical.
When did Yankee Bank for Finance and Savings, FSB fail?
Oct 16, 1987. Boston Five Cents SB FSB of Boston, MA took over its deposits. The estimated cost of the failure was $63.6 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.