Bank Failure
Guaranty National Bank
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Closed March 12, 2004 · Tallahassee, FL · FDIC Cert #26838.
- Closing date
- March 12, 2004
- Headquarters
- Tallahassee, FL
- FDIC Certificate
- 26838
- Total assets at closing
- $71.3M
- Total deposits at closing
- $65.6M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Hancock Bank
Context
On March 12, 2004, regulators closed Guaranty National Bank, headquartered in Tallahassee, FL. At closing, the institution held approximately $71.3M in assets and $65.6M in deposits. The FDIC record names Hancock Bank as the acquiring institution in the resolution.
By assets at closing this is the 1413th largest of the 3,526 bank failures in the FDIC record, and the 1st of 4 in 2004. It falls in the period the record labels Consolidation Calm (1996-2007), a period with 50 failures peaking at 11 in 2002.
Riegle-Neal interstate-banking era. Industry consolidated rapidly via merger; failure counts dropped to single digits per year.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Guaranty National Bank fail?
Guaranty National Bank was closed by regulators on March 12, 2004.
Who acquired Guaranty National Bank?
The FDIC record names Hancock Bank as the acquiring institution in the resolution of Guaranty National Bank.
How big was Guaranty National Bank when it failed?
Guaranty National Bank had approximately $71.3M in total assets and $65.6M in deposits at the time of failure.
Other failures in 2004
| Date | Bank | Assets |
|---|---|---|
| Jun 25, 2004 | Bank of Ephraim | $56.8M |
| Mar 19, 2004 | Reliance Bank | $28.6M |
| Feb 14, 2004 | Dollar Savings Bank | $13.4M |
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