GUARANTY NATIONAL BANK Failed 1988

What happened

GUARANTY NATIONAL BANK of AUSTIN, TX was closed on 1988-09-16. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to GUARANTY NATIONAL BANK (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1926

FDIC Certificate

24189

FDIC FIN

1960

Bank name

GUARANTY NATIONAL BANK

Location

AUSTIN, TX

Failure date

1988-09-16

FDIC resolution date

1988-09-16

Charter type

National commercial bank (OCC-chartered)

Resolution type

A/A

FDIC DIF cost (est.)

$4M

Deposits at failure

$23M

Assets at failure

$21M

Acquiring bank

GUARANTY NATIONAL BANK (AUSTIN, TX)