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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]
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: Austin: Texas: 2009 $13.0 billion $18 billion [12] Downey Savings and Loan Newport Beach: California: 2008 $12.8 billion $18 billion [5] BankUnited FSB
Guaranty Bank & Trust, a Mount Pleasant, Texas–based bank, established 1913 Guaranty Bank and Trust Company (Dallas, Texas) , a defunct bank that was based in Dallas, Texas (1920–1988) Topics referred to by the same term
First Republic Bank Corporation was an American bank based in Texas. Founded as the Guaranty Bank and Trust Company in 1920, [1] in 1922 it assumed the name Republic National Bank of Dallas. [1] Afterwards the bank acquired several banks and invested in others, and changed its name several times. [1]
Universal bank $ 1.05 × 10 ^ 9 [63] May 28, 2009: Bank Medici: withdrawal of the concession: Bank [64] August 14, 2009: Colonial Bank, Alabama BB&T, North Carolina Bank [65] August 21, 2009: Guaranty Bank, Texas BBVA Compass, Alabama Savings and loan association [66] September 25, 2009: Colonial Bancgroup: Chapter 11 bankruptcy and liquidation ...
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In August 2009, Guaranty Bank was closed by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC sold all of the deposits of Guaranty Bank to BBVA Compass of Birmingham, Alabama. At the time of its collapse, the bank had 103 branches in Texas and 59 branches ...
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