Bank failure · TX

Guaranty Fs&la (Dallas, TX) — failed September 30, 1988

Guaranty Fs&la of Dallas, Texas was closed on September 30, 1988 and resolved through a a/a. Guaranty FSB (TX) took over its insured deposits. At failure it held $2.0B in assets and $2.3B in deposits. The FDIC's estimated loss on the failure is $2.1B (108.4% of assets).