GUARANTY BOND STATE BANK Failed 1982
What happened
GUARANTY BOND STATE BANK of REDWATER, TX was closed on 1982-07-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST BANK&TRUST REDWATE (REDWATER, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 678
- FDIC Certificate
- 12767
- FDIC FIN
- 2315
- Bank name
- GUARANTY BOND STATE BANK
- Location
- REDWATER, TX
- Failure date
- 1982-07-27
- FDIC resolution date
- 1982-07-27
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $12M
- Assets at failure
- $14M
- Acquiring bank
- FIRST BANK&TRUST REDWATE (REDWATER, TX)