GUARANTY BANK Failed 2009
What happened
GUARANTY BANK of AUSTIN, TX was closed on 2009-08-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMPASS BANK (BIRMINGHAM, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3672
- FDIC Certificate
- 32618
- FDIC FIN
- 10105
- Bank name
- GUARANTY BANK
- Location
- AUSTIN, TX
- Failure date
- 2009-08-21
- FDIC resolution date
- 2009-08-21
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $11,984M
- Assets at failure
- $13,464M
- Acquiring bank
- COMPASS BANK (BIRMINGHAM, AL)