Bank failure · NY
Guardian Bank, N.A. (Hempstead, NY) — failed June 21, 1989
Guardian Bank, N.A. of Hempstead, New York was closed on June 21, 1989 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $409.4M in assets and $383.0M in deposits. The FDIC's estimated loss on the failure is $203.6M (49.7% of assets).
- Closing date
- June 21, 1989
- FDIC certificate #
- 20681
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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