Is Guaranty Bank still in business?
Is Guaranty Bank still in business?
After years of losses and weak financials, the FDIC swooped in last night and closed Guaranty Bank. With over $1 billion in deposits and 119 branches scattered across 5 states, thousands of depositors and borrowers are wondering, “what happens next”?
What is Guaranty Bank called now?
First Citizens Bank
Effective Monday, Aug. 13, the former Guaranty Bank/BestBank division branches now carry the First Citizens Bank name. Signs at the former Guaranty Bank/BestBank division offices were changed to First Citizens Bank.
Who took over Guaranty Bank?
BBVA Compass
Guaranty Bank (Texas)
| Predecessor | Temple-Inland |
|---|---|
| Founded | 1938/1988 |
| Defunct | 2009 |
| Fate | Acquired by BBVA Compass in 2009 |
| Headquarters | Austin, Texas, U.S. |
Who bought Best Bank?
In addition to assuming all of the deposits of the failed bank, First-Citizens Bank & Trust Company agreed to purchase $892.6 million of the failed bank’s assets. The FDIC will retain the remaining assets for later disposition.
What happened to Guaranty Bank?
On Friday, May 5, 2017, as a result of bank failure, the bank was shut down by the Office of the Comptroller of the Currency. It was placed into receivership and the Federal Deposit Insurance Corporation was named receiver. The assets of the bank were sold to First Citizens BancShares.
What did Guaranty Bank change to?
Effective Monday, Aug. 13, the former Guaranty Bank/BestBank division branches now carry the First Citizens Bank name. Signs at the former Guaranty Bank/BestBank division offices were changed to First Citizens Bank.
What happened bank guarantee?
How many First Citizens banks are there?
Its primary subsidiary is First Citizens Bank. It is on the list of largest banks in the United States. As of December 31, 2019, the company operated 574 branches in 19 states; however, 72% of the bank’s deposits were in North Carolina and South Carolina.
Where is Guaranty Bank headquarters?
Springfield, Missouri, United States
Guaranty Federal Bancshares/Headquarters
What is Guaranty Bank routing number?
286573335
The routing number is 286573335.
How many Guaranty banks are there?
Guaranty Bank & Trust
| Type | Public |
|---|---|
| Number of locations | 32 |
| Area served | Texas |
| Key people | Ty Abston, President and CEO, Chairman of the Board |
| Total assets | US$ 2.2 billion (September 2016) |
When did the Guaranty Bank in Milwaukee close?
Guaranty Bank, Milwaukee, Wisconsin, was closed on May 5, 2017, by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
How many branches did the Guaranty Bank have?
Guaranty Bank had 119 branches in five states, 107 of which were in retail outlets, such as grocery and general merchandise stores. The branches in retail outlets will not be reopening.
Where did the FDIC take over Guaranty Bank?
To protect the depositors, the FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company, Raleigh, North Carolina, to assume all of the deposits of Guaranty Bank. Guaranty Bank did business as BestBank in Georgia and Michigan.