The Graveyard › Banks › 1993
The Guardian Bank, FSB
Boca Raton, FL · failed March 16, 1993 · FDIC certificate 32238
The Guardian Bank, FSB of Boca Raton, FL failed on March 16, 1993. It opened on September 14, 1984, 8 years before. At its last report before that it held $75.6 million in assets and $69.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $191.5 million. The FDIC estimates that the Resolution Trust Corporation lost $3.6 million on it.
1984-121992-12
Assets at the end$75.6 millionlast report before March 16, 1993
Deposits at the end$69.2 million
Estimated loss to the fund$3.6 millionRTC
Largest in the quarterly reports$191.5 millionMarch 31, 1989
Equity to assets1.2%December 31, 1992
Loans not being repaid0.8%noncurrent, December 31, 1992
Return on assets-0.90%a year's rate, December 31, 1992
Staff29full time, December 31, 1992
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million 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.