# NEW GUARANTY FED. S & L ASSOC.

> **Failed bank** · TAYLOR, MI · failed 1989-07-27 · Savings bank · FDIC cost $8M

## What happened

NEW GUARANTY FED. S & L ASSOC. of TAYLOR, MI was closed by state regulators on **1989-07-27**. The FDIC was named receiver.

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

Deposits were transferred to **NATIONAL BANK OF DETROIT** (DETROIT, MI). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2456
- **FDIC Certificate:** 30484
- **FDIC FIN:** 6970
- **Bank name:** NEW GUARANTY FED. S & L ASSOC.
- **Location:** TAYLOR, MI
- **Failure date:** 1989-07-27
- **FDIC resolution date:** 1990-04-27
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $192M
- **Assets at failure:** $213M
- **Acquiring bank:** NATIONAL BANK OF DETROIT (DETROIT, MI)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW GUARANTY FED. S & L ASSOC. (FDIC ID 2456), failed 1989-07-27. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2456.

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