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Guarantys banking subsidiary, Guaranty Bank, will be merged into QCR Holdings Springfield-based charter, Springfield First Community (SFC) Bank, with the bank merger to be effective April 2, 2022.
Guaranty Bank was a major bank based in Austin, which collapsed in 2009.
Former Guaranty Bank locations reopened as branches of First-Citizens Bank Trust Company. Your transferred deposits were separately insured from any accounts you may have already had at First-Citizens Bank Trust Company for at least six months after the failure of Guaranty Bank.
By providing a business guarantee, the owners of a business are making a commitment that their corporation will be responsible for any unpaid debts incurred using the businesss credit cards.
Why Guaranty Bank Was Closed by Regulators. Guaranty Bank has been in trouble since 2009. The bank blames the financial crisis of 2008 but regulators disagree. Guaranty Bank is regulated by the Office of the Comptroller of the Currency.

People also ask

Guaranty Bank was a major bank based in Austin, which collapsed in 2009.
Guaranty Bank was absorbed into its new parent company, with its branches being rebranded as BBVA Compass outlets.
About First Citizens First Citizens Bank is a wholly owned subsidiary of First Citizens BancShares, Inc. (Nasdaq: FCNCA), which has more than $35 billion in assets.
About QCR Holdings, Inc. Including the recent Guaranty Bank acquisition, the Company has 40 locations in Iowa, Missouri, Wisconsin and Illinois. As of December 31, 2021, the combined Company had approximately $7.3 billion in assets, $5.4 billion in loans and $5.9 billion in deposits.
Guaranty Bank was absorbed into its new parent company, with its branches being rebranded as BBVA Compass outlets.

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