This institution is no longer active

Operations ceased on January 1, 2009. CRA examination history below reflects the period it was active.

FLAGSHIP BANK AND TRUST COMPANY

WORCESTER, MA · Supervised by FDIC

Est. 1987FDIC #27,134RSSD: FDIC-27134

Outstanding Same

Current rating · Exam: November 2006

CompareWatch

At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 0.99%

Is this bank safe?

FLAGSHIP BANK AND TRUST COMPANY earned an Outstanding CRA rating (2006), and meets basic financial requirements (ROA +0.99%).

Institution Profile

FDIC BankFind

Address

120 Front Street, WORCESTER, MA

County

Worcester County

Established

December 28, 1987

Total Assets

$532M(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

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

November 1, 2006

Exam Type

Intermediate Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 19 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 2008Call Report / FDIC

Total Assets

$532M

Total Deposits

$380M

Net Loans

$357M

Net Income

$5M

ROA

0.99%

Above avg for Small banks. Peer avg: 0.44%

ROE

5.80%

Risk-Based Capital

12.65%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.99%Peer avg: 0.44%▲ Above avg

Risk-Based Capital12.65%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

Exam Date	Rating	Exam Type
Nov 2006	Outstanding	Intermediate Small Bank
Nov 2003	Outstanding	Large Bank
May 2000	Outstanding	Large Bank

3 previous ratings locked — 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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