Bank failure · WI

Guaranty Bank (Milwaukee, WI) — failed May 5, 2017

Guaranty Bank of Milwaukee, Wisconsin was closed on May 5, 2017 and resolved through a purchase and assumption. First-Citizens Bank & Trust Company (NC) took over its insured deposits. At failure it held $1.0B in assets and $1.0B in deposits. The FDIC's estimated loss on the failure is $132.0M (12.8% of assets).