Guaranty-First Trust Company
Waltham, MA · Owner: New England Bcorp Inc
$353M
total assets, September 30, 1992
$353M
total assets, September 30, 1992
Guaranty-First Trust Company was a state nonmember bank in Waltham, MA, owned by New England Bcorp Inc. It failed on Nov 13, 1992, and Fleet Bank Of Ma Na took over its deposits. At its last report it held $353.2 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Nov 13, 1992
- Assets
- $353M
- Deposits
- $349M
- Estimated cost
- $60.2M
- Deposits went to
- Fleet Bank Of Ma Na, Boston, MA
Total assets
$353M
-19.8% in a year · -6.8% in a quarter
Deposits
$349M
-15.3% in a year · -5.9% in a quarter
Loans
$258M
-16.8% in a year · -2.9% in a quarter
Profit so far
-$8.7M
Jan 1 to Sep 30, 1992
Capital ratio
0.29%
-3.40 pts in a year
Return on assets
-3.03%
+0.97 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1290 Main Street, Waltham, MA, 02452
- County
- Middlesex
- Holding company
- New England Bcorp Inc
- Established
- Jan 21, 1952
- Failed
- Nov 13, 1992
- Employees
- 151
- Id
- b17085
Quarter by quarter
March 31, 1984 to September 30, 1992
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Guaranty-First Trust Company?
$353.2 million in total assets and $348.9 million in deposits as of September 30, 1992, with assets down 19.8% from a year before. Its loans were $258.3 million.
Is Guaranty-First Trust Company profitable?
No: it lost $8.74 million from January 1 to September 30, 1992. Its return on assets was -3.03% a year; about 1% is typical.
Who owns Guaranty-First Trust Company?
Guaranty-First Trust Company is owned by New England Bcorp Inc, its holding company.
When did Guaranty-First Trust Company fail?
Nov 13, 1992. Fleet Bank Of Ma Na of Boston, MA took over its deposits. The estimated cost of the failure was $60.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.