This institution is no longer active

Operations ceased on March 6, 1992. CRA examination history below reflects the period it was active.

NEW HERITAGE BANK

LAWRENCE, MA · Supervised by FDIC

Est. 1987FDIC #27,092RSSD: FDIC-27092

Satisfactory

Current rating · Exam: August 1990

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -4.74%

Institution Profile

FDIC BankFind

Address

454 Essex Street, LAWRENCE, MA

County

Essex County

Established

July 9, 1987

Total Assets

$100M(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

August 29, 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 Q4 1991Call Report / FDIC

Total Assets

$100M

Total Deposits

$100M

Net Loans

$61M

Net Income

$-4,440K

ROA

-4.74%

ROE

-195.56%

Risk-Based Capital

-1.14%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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