THE GUARANTY BK OF SAINT PAUL Failed 1984
What happened
THE GUARANTY BK OF SAINT PAUL of ST. PAUL, MN was closed on 1984-07-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SHELARD NATIONAL BANK (ST. LOUIS PARK, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 897
- FDIC Certificate
- 18510
- FDIC FIN
- 2400
- Bank name
- THE GUARANTY BK OF SAINT PAUL
- Location
- ST. PAUL, MN
- Failure date
- 1984-07-19
- FDIC resolution date
- 1984-07-19
- 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.)
- $6M
- Deposits at failure
- $27M
- Assets at failure
- $29M
- Acquiring bank
- SHELARD NATIONAL BANK (ST. LOUIS PARK, MN)