$75.6M
total assets, December 31, 1992
Guardian Bank was a state nonmember bank in Boca Raton, FL. It failed on Mar 16, 1993, and Shawmut Bank, FSB took over its deposits. At its last report it held $75.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1992
This bank failed
- Failed on
- Mar 16, 1993
- Assets
- $75.6M
- Deposits
- $69.2M
- Estimated cost
- $3.6M
- Deposits went to
- Shawmut Bank, FSB, Boca Raton, FL
Total assets
$75.6M
-31.0% in a year · -10.0% in a quarter
Deposits
$69.2M
-32.0% in a year · -9.9% in a quarter
Loans
$52.1M
-27.6% in a year · -8.1% in a quarter
Profit so far
-$839K
Jan 1 to Dec 31, 1992
Capital ratio
1.15%
-0.43 pts in a year
Return on assets
-0.90%
+1.67 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 2255 Glades Road, Suites 138w And 140w, Boca Raton, FL, 33431
- County
- Palm Beach
- Established
- Sep 14, 1984
- Failed
- Mar 16, 1993
- Employees
- 29
- Id
- b32238
Quarter by quarter
December 31, 1984 to December 31, 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 Guardian Bank?
$75.6 million in total assets and $69.2 million in deposits as of December 31, 1992, with assets down 31.0% from a year before. Its loans were $52.1 million.
Is Guardian Bank profitable?
No: it lost $839,000 from January 1 to December 31, 1992. Its return on assets was -0.90% a year; about 1% is typical.
When did Guardian Bank fail?
Mar 16, 1993. Shawmut Bank, FSB of Boca Raton, FL took over its deposits. The estimated cost of the failure was $3.59 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.