The Graveyard › Banks › 1988

Guaranty National Bank

Austin · assisted September 16, 1988 · FDIC certificate 24189

Guaranty National Bank of Austin was given assistance by the FDIC on September 16, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on November 1, 1982, 5 years before. At its last report before that it held $21.1 million in assets and $22.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $34.8 million. The FDIC estimates that the FDIC's insurance fund lost $4.2 million on it.

1984-031988-06

Assets at the end$21.1 millionlast report before September 16, 1988

Deposits at the end$22.6 million

Estimated loss to the fund$4.2 millionFDIC

Largest in the quarterly reports$34.8 millionJune 30, 1986

Equity to assets-8.3%June 30, 1988

Loans not being repaid9.2%noncurrent, June 30, 1988

Return on assets-14.79%a year's rate, June 30, 1988

Staff24full time, June 30, 1988

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Also ended in 1988

American S&LA · Stockton · $30.2 billion in assets · assisted
First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
Gibraltar SA · Houston · $6.5 billion in assets · assisted
United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
First Texas Savings Association · Dallas · $3.1 billion in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.