This institution is no longer active

Operations ceased on April 18, 1994. CRA examination history below reflects the period it was active.

NEWORLD BANK

BOSTON, MA · Supervised by FDIC

Est. 1954FDIC #22,052RSSD: FDIC-22052

Part ofNEWORLD BCORP INC→ View all charters

Satisfactory Same

Current rating · Exam: August 1992

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.06%

Institution Profile

FDIC BankFind

Address

55 Summer Street, BOSTON, MA

County

Suffolk County

Established

April 7, 1954

Total Assets

$1.1B(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 1, 1992

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 33 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

$1.1B

Total Deposits

$973M

Net Loans

$774M

Net Income

$3M

ROA

1.06%

ROE

12.14%

Risk-Based Capital

14.36%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 2 exams

1 previous rating 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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