GUARANTY BANK Failed 2017
What happened
GUARANTY BANK of MILWAUKEE, WI was closed on 2017-05-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4093
- FDIC Certificate
- 30003
- FDIC FIN
- 10527
- Bank name
- GUARANTY BANK
- Location
- MILWAUKEE, WI
- Failure date
- 2017-05-05
- FDIC resolution date
- 2017-05-05
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $132M
- Deposits at failure
- $1,002M
- Assets at failure
- $1,032M
- Acquiring bank
- FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC)
Other banks FIRST-CITIZENS BANK & TRUST COMPANY acquired in FDIC resolutions