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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Fleet National Bank of Massachusetts.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents