Bank Failure
Guaranty Bank
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Closed August 21, 2009 · Austin, TX · FDIC Cert #32618.
- Closing date
- August 21, 2009
- Headquarters
- Austin, TX
- FDIC Certificate
- 32618
- Total assets at closing
- $13.46B
- Total deposits at closing
- $11.98B
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Compass Bank
Context
On August 21, 2009, regulators closed Guaranty Bank, headquartered in Austin, TX. At closing, the institution held approximately $13.46B in assets and $11.98B in deposits. The FDIC record names Compass Bank as the acquiring institution in the resolution.
By assets at closing this is the 8th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Guaranty Bank fail?
Guaranty Bank was closed by regulators on August 21, 2009.
Who acquired Guaranty Bank?
The FDIC record names Compass Bank as the acquiring institution in the resolution of Guaranty Bank.
How big was Guaranty Bank when it failed?
Guaranty Bank had approximately $13.46B in total assets and $11.98B in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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