This institution is no longer active

Operations ceased on June 10, 1994. CRA examination history below reflects the period it was active.

MECHANICS BANK

WORCESTER, MA · Supervised by FDIC

Est. 1848FDIC #2,675RSSD: FDIC-2675

Part ofBANK OF BOSTON CORP→ View all charters

Satisfactory

Current rating · Exam: November 1990

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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

Mechanics Bank Tower, WORCESTER, MA

County

Worcester County

Established

January 1, 1848

Total Assets

$454M(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

November 1, 1990

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 35 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 1994Call Report / FDIC

Total Assets

$454M

Total Deposits

$390M

Net Loans

$328M

Net Income

$58K

ROA

0.05%

ROE

0.63%

Risk-Based Capital

11.98%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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