# GUARANTY-FIRST TRUST COMPANY

> **Failed bank** · WALTHAM, MA · failed 1992-11-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $60M

## What happened

GUARANTY-FIRST TRUST COMPANY of WALTHAM, MA was closed by regulators on **1992-11-13**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 3409
- **FDIC Certificate:** 17085
- **FDIC FIN:** 4545
- **Bank name:** GUARANTY-FIRST TRUST COMPANY
- **Location:** WALTHAM, MA
- **Failure date:** 1992-11-13
- **FDIC resolution date:** 1992-11-13
- **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:** $60M
- **Deposits at failure:** $349M
- **Assets at failure:** $353M
- **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
- VANGUARD SAVINGS BANK (HOLYOKE, MA) — failed 1992-03-27 — /failed-bank/3298

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GUARANTY-FIRST%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GUARANTY-FIRST TRUST COMPANY (FDIC ID 3409), failed 1992-11-13. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/3409.

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