The Graveyard › Banks › 1992
Guaranty-First Trust Company
Waltham, MA · failed November 13, 1992 · FDIC certificate 17085
Guaranty-First Trust Company of Waltham, MA failed on November 13, 1992. It opened on January 21, 1952, 40 years before. At its last report before that it held $353.2 million in assets and $348.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $629.2 million. The FDIC estimates that the Bank Insurance Fund lost $60.2 million on it.
1984-031992-09
Assets at the end$353.2 millionlast report before November 13, 1992
Deposits at the end$348.9 million
Estimated loss to the fund$60.2 millionBIF
Largest in the quarterly reports$629.2 millionDecember 31, 1988
Equity to assets0.3%September 30, 1992
Loans not being repaid3.8%noncurrent, September 30, 1992
Return on assets-3.03%a year's rate, September 30, 1992
Staff151full time, September 30, 1992
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.