Source:
CBS MarketwatchSAN FRANCISCO (MarketWatch) - Guaranty Bank of Austin, Tex. became the 81st bank failure of 2009 after it was closed by Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corp. as receiver, the federal agency said late Friday. The FDIC said it has entered into a "purchase and assumption agreement" with BBVA Compass of Birmingham, Ala. As of June 30, Guaranty Bank had total assets about $13 billion and total deposits of about $12 billion.
Read more:
http://www.marketwatch.com/story/guaranty-bank-of-austin-81st-bank-failure-of-09-2009-08-21?siteid=bnbh
4 banks closed today - :headspin:
Failed Bank ListBank Name City State CERT # Closing Date Updated Date
Guaranty Bank Austin TX 32618 August 21, 2009 August 21, 2009
CapitalSouth Bank Birmingham AL 22130 August 21, 2009 August 21, 2009
First Coweta Bank Newnan GA 57702 August 21, 2009 August 21, 2009
ebank Atlanta GA 34682 August 21, 2009 August 21, 2009