# VANGUARD SAVINGS BANK

> **Failed bank** · HOLYOKE, MA · failed 1992-03-27 · SI · FDIC cost $120M

## What happened

VANGUARD SAVINGS BANK of HOLYOKE, MA was closed by state regulators on **1992-03-27**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FLEET BANK OF MA NA** (BOSTON, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3298
- **FDIC Certificate:** 17778
- **FDIC FIN:** 4467
- **Bank name:** VANGUARD SAVINGS BANK
- **Location:** HOLYOKE, MA
- **Failure date:** 1992-03-27
- **FDIC resolution date:** 1992-03-27
- **Charter type:** SI
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $120M
- **Deposits at failure:** $433M
- **Assets at failure:** $428M
- **Acquiring bank:** FLEET BANK OF MA NA (BOSTON, MA)

## Other banks FLEET BANK OF MA NA has acquired in FDIC resolutions

- HERITAGE BANK FOR SAVINGS (HOLYOKE, MA) — failed 1992-12-04 — /failed-bank/3420
- GUARANTY-FIRST TRUST COMPANY (WALTHAM, MA) — failed 1992-11-13 — /failed-bank/3409

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=VANGUARD%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VANGUARD SAVINGS BANK (FDIC ID 3298), failed 1992-03-27. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3298.

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