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This institution is no longer active

Operations ceased on April 1, 2018. CRA examination history below reflects the period it was active.

COLONIAL CO-OPERATIVE BANK

GARDNER, MA · Supervised by FDIC

Est. 1915FDIC #26,556RSSD: FDIC-26556
Satisfactory Same

Current rating · Exam: February 2016

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -7.83%

Institution Profile

FDIC BankFind

Address

6 City Hall Avenue, GARDNER, MA

County

Worcester County

Established

January 22, 1915

Total Assets

$65M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

February 1, 2016

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 10 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2018Call Report / FDIC

Total Assets

$65M

Total Deposits

$61M

Net Loans

$55M

Net Income

$-1,294K

ROA

-7.83%

ROE

-111.82%

Risk-Based Capital

9.94%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

6 previous ratings locked — dating back to 1990

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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