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Guaranty Bank was a major bank based in Austin, which collapsed in 2009. [2] It was formed in 1988 [3] as part of Temple-Inland and in 2007 became a standalone company. At the time of its collapse, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, [4] and had $13 billion in assets and held $12 billion in deposits. [2]
The Texas Department of Banking issued a charter to Guaranty State Bank on January 20, 1913. [11] [14] The bank's name changed to Guaranty Bond State Bank in 1927.[11]In 1979, the bank added trust powers.The following year, [11] Guaranty created Guaranty Bancshares Inc., its holding company. [11]
In 1935, the name was changed again to Guaranty Federal Savings and Loan Association. In 1979, the company’s first banking center was founded. [citation needed] In 1995, Guaranty Federal Savings Bank was formed in the reorganization of Guaranty Federal Savings & Loan Association. In 2001, the company began offering online banking. [citation ...
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