Search results
Results from the WOW.Com Content Network
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]
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
For premium support please call: 800-290-4726 more ways to reach us
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 ...
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 ...
Also, Guaranty Bank unveils its first-floor renovation at Farmer's Park. Barc-ee's, a sprawling dog-friendly gas station, is coming to Marshfield. Also, Guaranty Bank unveils its first-floor ...
In 2001, when George W. Bush was elected President of the United States, Jenna was a student at the University of Texas. “My dad kept going, ‘You can be normal in college. Go and have a normal ...