# SHORE BANK & TRUST CO.

> **Failed bank** · LYNN, MA · failed 1992-04-24 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $71M

## What happened

SHORE BANK & TRUST CO. of LYNN, MA was closed by regulators on **1992-04-24**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **EASTERN BANK** (LYNN, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3313
- **FDIC Certificate:** 27002
- **FDIC FIN:** 4478
- **Bank name:** SHORE BANK & TRUST CO.
- **Location:** LYNN, MA
- **Failure date:** 1992-04-24
- **FDIC resolution date:** 1992-04-24
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $71M
- **Deposits at failure:** $184M
- **Assets at failure:** $183M
- **Acquiring bank:** EASTERN BANK (LYNN, MA)

## Other banks EASTERN BANK has acquired in FDIC resolutions

- MALDEN TRUST COMPANY (MALDEN, MA) — failed 1992-05-15 — /failed-bank/3326

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SHORE%20BANK%20%26%20TRUST%20CO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SHORE BANK & TRUST CO. (FDIC ID 3313), failed 1992-04-24. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3313.

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