Fleet National Bank in Providence, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 13, 2005

  • Fleet National Bank in Providence, Rhode Island (RI)
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Fleet National Bank - Overview

  • General
  • FDIC Certificate #: 2558
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#3510)
    Federal Reserve ID: 76201
    Date Established: January 01, 1784
    WWW: http://www.bankofamerica.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1572 (Interstate: No)
    FDIC's unique #: 1660
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 13, 2005
    Last Structure Change Process Date: June 29, 2005
    Last Data Update: June 29, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Westminster Street, Providence, RI 2903
    County: Providence
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • Financial Summary
  • Total assets: $213,056.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2004)

  • Dollar figures in thousands
  • 38,813Total employees (full-time equivalent)
  • $218,740,377Total assets
  • $13,416,923Cash and due from depository institutions
  • $4,032,674Interest-bearing balances
  • $19,582,702Securities
  • $27,892,593Federal funds sold & reverse repurchase agreements
  • $110,796,127Net loans & leases
  • $2,302,152Loan loss allowance
  • $1,747,711Trading account assets
  • $1,279,048Bank premises and fixed assets
  • $47,534Other real estate owned
  • $33,889,969Goodwill and other intangibles
  • $0Life insurance assets
  • $10,087,770All other assets
  • $218,740,377Total liabilities and capital
  • $171,708,706Total liabilities
  • $145,630,599Total deposits
  • $109,747,738Interest-bearing deposits
  • $126,100,832Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,858,379Federal funds purchased & repurchase agreements
  • $556,023Trading liabilities
  • $9,433,964Other borrowed funds
  • $4,034,647Subordinated debt
  • $6,195,094All other liabilities
  • $47,031,671Total equity capital
  • $47,031,671Total bank equity capital
  • $47,031,671Perpetual preferred stock
  • $0Common stock
  • $1,209Surplus
  • $46,160,590Undivided profits
  • Memoranda
  • $869,872Noncurrent loans and leases
  • $133,502,786Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $912,371Earning assets
  • $14,985Long-term assets (5+ years)
  • $584,427Average Assets, year-to-date
  • $162,891,553Average Assets, quarterly
  • $54,845,780Volatile liabilities
  • $205,924,352Insider loans
  • $214,150,847FHLB advances
  • $38,034,548Loans and leases held for sale
  • $75Unused loan commitments
  • $867,948Tier 1 (core) risk-based capital
  • $292,989,984Tier 2 risk-based capital
  • $84,896Total risk weighted assets
  • $133,502,786Total unused commitments
  • $11,314Restructured Loans and leases
  • $4,689,677Derivatives
  • $17,103,987Total assets and liabilities in foreign offices

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $6,299,054Total interest income
  • $1,269,508Total interest expense
  • $5,029,546Net interest income
  • $36,234Provision for loan and lease losses
  • $3,160,525Total noninterest income
  • $318,240Fiduciary activities
  • $800,174Service charges on deposit accounts
  • $57,317Trading account gains & fees
  • $1,984,794Additional noninterest income
  • $4,452,605Total noninterest expense
  • $2,042,813Salaries and employee benefits
  • $549,616Premises and equipment expense
  • $1,860,176Additional noninterest expense
  • $3,701,232Pre-tax net operating income
  • -$30,682Securities gains (losses)
  • $1,445,816Applicable income taxes
  • $2,224,734Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,224,734Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $519,340Sale, conversion, retirement of capital stock, net
  • $1,300,000Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.90%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.11%Net interest margin
  • 1.95%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.78%Pretax return on assets
  • 6.19%Return on equity (ROE)
  • 2.57%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 6.98%Credit loss provision to net charge-offs
  • 7.20%Efficiency ratio
  • 49,077Assets per employee
  • 5.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.43%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 252.33%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 76.08%Net loans and leases to core deposits
  • 92.04%Equity capital to assets
  • 21.50%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 10.05%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $205,924,352Average earning assets
  • $35,919,488Average equity
  • $161,705,555Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $95,124,854Managed Assets
  • 1Number of Accounts
  • $66,752,408Personal trust and agency accounts
  • $31,465,036Employee benefit-defined contribution accounts
  • $698,445Employee benefit-defined benefit accounts
  • $1,829,782Other retirement accounts
  • $2,471,315Corporate trust and agency accounts
  • $1,206Investment management agency accounts
  • $28,371,378Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1,915,246Non-managed Assets
  • 327661Number of Accounts
  • $9,058,152Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $28,372,446Other retirement accounts
  • $1,777,878Corporate trust and agency accounts
  • $11,159,570Other fiduciary accounts
  • $9,014,524Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2004)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $629,705Home equity lines
  • $6,350,000Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $3,337,095Commercial and industrial loans
  • $193,160All other loans and all leases
  • Past due loan amounts 30-89 days (included in principal balance)
  • $01-4 family residential loans
  • $3,603>Home equity lines
  • $136,116Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $16,373Commercial and industrial loans
  • $2,110All other loans and all leases
  • Past due loan amounts 90 days or more (included in principal balance)
  • $01-4 family residential loans
  • $2,693>Home equity lines
  • $139,483Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $214All other loans and all leases
  • Charge-offs on Assets Sold and Securitized (included in principal balance and YTD only)
  • $01-4 family residential loans
  • $106>Home equity lines
  • $530,878Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $9,187Commercial and industrial loans
  • $52All other loans and all leases
  • Recoveries on Assets Sold and Securitized (included in principal balance and YTD only)
  • $66,0591-4 family residential loans
  • $0>Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $0All other loans and all leases
1
Vincenzo
Hello my name is Vincenzo I need helping on my dad old account
2
Vincenzo
Hello my name is Vincenzo I need helping on my dad old account
3
vito tutino
My name is Vito & need help for loan archive records for an education loan for my stepson Gregory Scott Shaffer between years 1992-1994 as an undergraduate student at Philadelphia College of Textiles and Science . I will send more information upon your response to my query and your security arrangements that I can rely upon.

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