Bank failure · TX

Guaranty National Bank (Austin, TX) — failed September 16, 1988

Guaranty National Bank of Austin, Texas was closed on September 16, 1988 and resolved through a a/a. Guaranty National Bank (TX) took over its insured deposits. At failure it held $21.1M in assets and $22.6M in deposits. The FDIC's estimated loss on the failure is $4.2M (19.9% of assets).