SHAWMUT NATIONAL CORP
8-K, 1994-07-21
NATIONAL COMMERCIAL BANKS
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                        SECURITIES AND EXCHANGE COMMISSION
                                        
                             Washington, D.C.  20549
                                        
                     ________________________________________
                                        
                                     FORM 8-K
                                        
                                  CURRENT REPORT
                     ________________________________________
                                        
            Pursuant to Section 13 or 15(d) of the Securities Exchange 
                                   Act of 1934
                                        
                                        
            Date of Report (Date of earliest event reported): July 15, 1994
                                        
            
                            SHAWMUT NATIONAL CORPORATION       
                (Exact Name of Registrant as Specified in Charter)
            
            
                    Delaware            1-10102           06-1212629
                    (State or other     (Commission File  (IRS Employer
                    jurisdiction of     Number)           Identification No.)
                    Incorporation)      
            
            
            
                    777 Main Street, Hartford, Connecticut      06115
                    One Federal Street, Boston, Massachusetts   02211
                    (Address of principal executive offices)  (Zip Code)
            
            
            Registrant's telephone number, including area code: (203) 986-2000
                                                                (617) 292-2000
                                        
                                        
                                  Not Applicable
             (Former Name or Former Address, if Changed Since Last Report)
            
                                Page 1 of 5 pages
                         Exhibit Index located on Page 4

<PAGE>
            
            ITEM 5.   OTHER EVENTS.
            
                      On July 18, 1994, Shawmut National Corporation 
                      issued a press release announcing that the 
                      Resolution Trust Corporation had accepted its bid, 
                      through its newly formed subsidiary Shawmut Bank, 
                      FSB, to purchase The Guardian Bank, FSB, of Boca 
                      Raton, Florida, for $3.8 million.  The transaction 
                      was effective at the close of business July 15, 
                      1994.  A copy of the press release is attached 
                      hereto as Exhibit 99 and is incorporated herein by 
                      reference.
            
            
            ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
                      AND EXHIBITS.
            
                      The following exhibits are filed with this Current 
                      Report on Form 8-K:
            
            
            EXHIBIT
            NUMBER                   DESCRIPTION
            
            99             Press Release of Shawmut National Corporation, 
                           dated July 18, 1994.
            
                                       -2-
<PAGE>
            
                                    SIGNATURES
            
                 Pursuant to the requirements of the Securities exchange 
                 Act of 1934, the registrant has duly caused this report to 
                 be signed on its behalf by the undersigned hereunto duly 
                 authorized.
            
            
                                          SHAWMUT NATIONAL CORPORATION
            
                                          By:  (Joel B. Alvord)         
                                               -------------------
                                                Joel B. Alvord
                                                Chairman and Chief 
            Executive Officer
            
            Dated:  July 21, 1994
            
                                       -3-
                                        
<PAGE>                                        

                                  EXHIBIT INDEX
            
            
            EXHIBIT                                                      PAGE   
            NUMBER                      DESCRIPTION                     NUMBER
            
            99       Press Release of the Company, dated July 18, 1994    5
            
            
                                       -4-
            
<PAGE>



                                                                     EXHIBIT 99
                                        
            
                                        
            SHAWMUT                                 
            NATIONAL                                
            CORPORATION                             
                                                    
            
                              FOR IMMEDIATE RELEASE
                                        
            Brent S. Di Giorgio                                Vin Loporchio
            (203) 986-7632                                    (617) 292-3239
            
            
                     SHAWMUT PURCHASES THE GUARDIAN BANK, FSB
                              IN BOCA RATON, FLORIDA
                                        
            
            
            HARTFORD, Conn. and BOSTON, Mass., July 18, 1994 -- Shawmut 
            National Corporation today announced that the Resolution 
            Trust Corporation has accepted its bid, through its newly 
            formed subsidiary Shawmut Bank, FSB, to purchase The 
            Guardian Bank, FSB, of Boca Raton, Florida, for $3.8 
            million.  Shawmut purchased all $25 million in deposits.  
            Loans were not part of this transaction.  The Resolution 
            Trust Corporation was a receiver for Guardian Bank, FSB.  
            With branches in Delray Beach and Boca Raton, the bank, at 
            the close of business, Friday, July 15, became Shawmut Bank, 
            FSB, and reopened Monday, July 18, under that name.
            
            With assets of $31.3 billion, Shawmut National Corporation 
            is a superregional bank holding company with a franchise of 
            over 300 branches and nearly 500 ATMs in four New England 
            states:  Connecticut, Massachusetts, New Hampshire, and 
            Rhode Island.  It is a leading provider of financial 
            services to consumers and small- to medium-sized businesses.  
            Shawmut is also a leading provider of financial services to 
            corporate customers, corespondent banks, and government 
            units throughout New England and in select national 
            markets.
            
            
                                        
                                       -5-
                                        
<PAGE>
            



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