# GUARANTY FED. S & L ASSOC.

> **Failed bank** · BIRMINGHAM, AL · failed 1989-02-17 · SL · FDIC cost $56M

## What happened

GUARANTY FED. S & L ASSOC. of BIRMINGHAM, AL was closed by state regulators on **1989-02-17**. The FDIC was named receiver.

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

Deposits were transferred to **SOUTHTRUST AFFLIATED BANKS** (BIRMINGHAM, AL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2117
- **FDIC Certificate:** 29965
- **FDIC FIN:** 6978
- **Bank name:** GUARANTY FED. S & L ASSOC.
- **Location:** BIRMINGHAM, AL
- **Failure date:** 1989-02-17
- **FDIC resolution date:** 1990-05-04
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $56M
- **Deposits at failure:** $399M
- **Assets at failure:** $381M
- **Acquiring bank:** SOUTHTRUST AFFLIATED BANKS (BIRMINGHAM, AL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GUARANTY%20FED.%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GUARANTY FED. S & L ASSOC. (FDIC ID 2117), failed 1989-02-17. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2117.

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