SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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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
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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.
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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)
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Joel B. Alvord
Chairman and Chief
Executive Officer
Dated: July 21, 1994
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EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
99 Press Release of the Company, dated July 18, 1994 5
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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.
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