Bank failure · MN

The Guaranty Bk of Saint Paul (St. Paul, MN) — failed July 19, 1984

The Guaranty Bk of Saint Paul of St. Paul, Minnesota was closed on July 19, 1984 and resolved through a purchase and assumption. Shelard National Bank (MN) took over its insured deposits. At failure it held $28.6M in assets and $27.5M in deposits. The FDIC's estimated loss on the failure is $5.9M (20.7% of assets).