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The Texas Department of Banking issued a charter to Guaranty State Bank on January 20, 1913. [11] [14] The bank's name changed to Guaranty Bond State Bank in 1927.[11]In 1979, the bank added trust powers.The following year, [11] Guaranty created Guaranty Bancshares Inc., its holding company. [11]
Guaranty Bank was a major bank based in Austin, which collapsed in 2009. [2] It was formed in 1988 [3] as part of Temple-Inland and in 2007 became a standalone company. At the time of its collapse, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, [4] and had $13 billion in assets and held $12 billion in deposits. [2]
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The bank was founded in Hammond, Louisiana in 1934 as Guaranty Bank & Trust Company. [2] In 1971, the bank was renamed First Guaranty Bank. [2] In 1999, the bank acquired 13 branches from Bank One. [3] In 2007, the company acquired Homestead Bancorp, Inc. for $13 million in cash. [4] [5] It also acquired Douglass National Bank of Kansas City. [6]
A ribbon-cutting at Guaranty Bank's Farmer's Park location last week marked the unveiling of the bank's efforts to enhance community engagement and employee well-being.
Guaranty Bank may refer to: Guaranty Bank (Texas), a defunct bank that operated in Texas and California (1988–2009) Guaranty Bank (Wisconsin), a defunct bank that was based in Wisconsin (1923-2017) First Guaranty Bank, a Hammond, Louisiana–based bank, established 1934; Guaranty Bank & Trust, a Mount Pleasant, Texas–based bank, established ...
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