Fleet National Bank of Massachusetts in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1996

  • Fleet National Bank of Massachusetts in Boston, Massachusetts (MA)
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Fleet National Bank of Massachusetts - Overview

  • General
  • FDIC Certificate #: 19429
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2499)
    Federal Reserve ID: 914808
    Date Established: May 06, 1965
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 147 (Interstate: No)
    OTS Docket #: 11119
    FDIC's unique #: 13232
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: May 06, 1965
    Last Structure Change Effective Date: April 01, 1996
    Last Structure Change Process Date: April 11, 1996
    Last Data Update: April 11, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: One Federal Street, Boston, MA 2211
    County: Suffolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $11,239.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $3,714Total assets
  • $13,867,731Cash and due from depository institutions
  • $1,218,898Interest-bearing balances
  • $8,601Securities
  • $3,321,256Federal funds sold & reverse repurchase agreements
  • $130,000Net loans & leases
  • $8,592,312Loan loss allowance
  • $186,968Trading account assets
  • $400Bank premises and fixed assets
  • $107,387Other real estate owned
  • $275Goodwill and other intangibles
  • $404,356Life insurance assets
  • $92,847All other assets
  • $0Total liabilities and capital
  • $13,867,731Total liabilities
  • $12,718,899Total deposits
  • $9,765,225Interest-bearing deposits
  • $6,748,569Deposits held in domestic offices
  • 9380967.00%% insured (estimated)
  • $63Federal funds purchased & repurchase agreements
  • $2,078,328Trading liabilities
  • $310Other borrowed funds
  • $590,854Subordinated debt
  • $88,956All other liabilities
  • $195,226Total equity capital
  • $195,226Total bank equity capital
  • $1,148,832Perpetual preferred stock
  • $0Common stock
  • $14,476Surplus
  • $608,239Undivided profits
  • Memoranda
  • $526,117Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $75,615Income earned, not collected on loans
  • $54,221Earning assets
  • $12,052,169Long-term assets (5+ years)
  • $2,698,555Average Assets, year-to-date
  • $14,270,723Average Assets, quarterly
  • $13,696,604Volatile liabilities
  • $3,434,634Insider loans
  • $63,486FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,034,994Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,052,844Total risk weighted assets
  • $11,720,737Total unused commitments
  • $0Restructured Loans and leases
  • $3,018,791Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $977,510Total interest expense
  • $481,500Net interest income
  • $496,010Provision for loan and lease losses
  • -$11,522Total noninterest income
  • $165,734Fiduciary activities
  • $42,341Service charges on deposit accounts
  • $59,893Trading account gains & fees
  • $1,299Additional noninterest income
  • $62,201Total noninterest expense
  • $480,500Salaries and employee benefits
  • $166,602Premises and equipment expense
  • $57,573Additional noninterest expense
  • $256,325Pre-tax net operating income
  • $192,766Securities gains (losses)
  • -$1,762Applicable income taxes
  • $59,929Income before extraordinary items
  • $131,075Extraordinary gains - net
  • $0Net income attributable to bank
  • $131,075Net charge-offs
  • $42,049Cash dividends
  • $161,200Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.71%Cost of funding earning assets
  • 3.80%Net interest margin
  • 3.91%Noninterest income to earning assets
  • 1.31%Noninterest expense to earning assets
  • 3.79%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 1.34%Return on equity (ROE)
  • 11.27%Retained earnings to average equity (YTD only)
  • -2.59%Net charge-offs to loans
  • 0.48%Credit loss provision to net charge-offs
  • -27.40%Efficiency ratio
  • 71,407Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 122.98%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 247.26%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 87.99%Net loans and leases to core deposits
  • 96.97%Equity capital to assets
  • 8.28%Core capital (leverage) ratio
  • 7.88%Tier 1 risk-based capital ratio
  • 8.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $14,270,723Average earning assets
  • $1,162,868Average equity
  • $12,670,564Average loans

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