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This institution is no longer active

Operations ceased on July 1, 2011. CRA examination history below reflects the period it was active.

DANVERSBANK

DANVERS, MA · Supervised by FDIC

Est. 1850FDIC #90,185RSSD: FDIC-90185
Part ofDANVERS BCORP INC→ View all charters
Satisfactory Down

Current rating · Exam: May 2009

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.05%

Institution Profile

FDIC BankFind

Address

1 Conant Street, DANVERS, MA

County

Essex County

Established

March 1, 1850

Total Assets

$2.6B(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

May 1, 2009

Exam Type

Large Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 17 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 Q2 2011Call Report / FDIC

Total Assets

$2.6B

Total Deposits

$2.1B

Net Loans

$1.9B

Net Income

$737K

ROA

0.05%

ROE

0.63%

Risk-Based Capital

11.67%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

↓ Declining

Based on last 3 exams

7 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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