Waiting for That Guaranty Bank Failure

WAITING FOR THAT GUARANTY BANK FAILURE It’s sure looking like the 27 Houston branches of Austin’s Guaranty Bank, the second-largest publicly traded bank in Texas, are headed for an FDIC takeover — or maybe something more fun. “The company believes that it is probable that it will not be able to continue as a going concern,” the bank’s parent company noted in a recent regulatory filing. “Industry insiders have mentioned as many as four regional U.S. banks, including an undisclosed bank based in Houston, as being at the ready to scoop up Guaranty assets if the bank fails.” [Houston Business Journal]

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