# THE GUARDIAN BANK, FSB

> **Failed bank** · BOCA RATON, FL · failed 1993-03-16 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

THE GUARDIAN BANK, FSB of BOCA RATON, FL was closed by regulators on **1993-03-16**. The FDIC was named receiver.

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

Deposits were transferred to **SHAWMUT BANK, FSB** (BOCA RATON, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3442
- **FDIC Certificate:** 32238
- **FDIC FIN:** 1293
- **Bank name:** THE GUARDIAN BANK, FSB
- **Location:** BOCA RATON, FL
- **Failure date:** 1993-03-16
- **FDIC resolution date:** 1994-07-15
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $69M
- **Assets at failure:** $76M
- **Acquiring bank:** SHAWMUT BANK, FSB (BOCA RATON, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20GUARDIAN%20BANK%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE GUARDIAN BANK, FSB (FDIC ID 3442), failed 1993-03-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3442.

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