Bank failure · NC
Guaranty Savings Bank FSB (Fayetteville, NC) — failed July 27, 1990
Guaranty Savings Bank FSB of Fayetteville, North Carolina was closed on July 27, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $53.9M in assets and $49.9M in deposits. The FDIC's estimated loss on the failure is $8.5M (15.8% of assets).
- Closing date
- July 27, 1990
- FDIC certificate #
- 27788
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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