Guaranty Bank

Not to be confused with Guaranty Bank (WI), Guaranty Bank (MO), Guaranty Bank (MS), or Guaranty Bank (LA). Guaranty Bank (TX) is the only bank this article concerns. Guaranty Bank was a major bank based in Austin, which collapsed in 2009. Formed in 1988 and part of Temple-Inland until 2007 when it was spun off as a standalone company, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, and at the time of its failure had $13 billion in assets and held $12 billion in deposits. Major shareholders included billionaire investor Carl Icahn and hotel tycoon Robert Rowling, who jointly invested $600 million in the bank in 2008. As a thrift bank, its charter required it to keep 70% of its assets in...