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Federal regulators close to 50 Guaranty Banks in Wisconsin

TO GUARANTY FINANCIAL CORPORATION INVESTORS All shares of Guaranty Bank, (d/b/a BestBank) were owned by its holding company, Guaranty Financial Corporation, Brown Deer, WI.

All depositors of Guaranty Bank, (d/b/a Best Bank), regardless of where they conducted business, will automatically become depositors of First-Citizens Bank & Trust Company.
Loan Customers If you had a loan with Guaranty Bank, (d/b/a Best Bank), you should continue to make your payments as usual.
The former Guaranty Bank, (d/b/a Best Bank) had 119 branches in 5 states.
Failed Bank Information Information for Guaranty Bank, Milwaukee, WI, (d/b/a Best Bank in Georgia & Michigan) Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information.

Bank Closing Information for Guaranty Bank, Milwaukee, WI, (d/b/a BestBank in Georgia & Michigan)

 Guaranty Bank

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“Everything should be fine:” Customers transition smoothly following abrupt Guaranty Bank closures

Guaranty Bank

At first it seemed alarming as customers found out Guaranty Bank is no more.
Those who might take the biggest hit of all are the Guaranty Bank employees.
The Office of the Comptroller of Currency (OCC) explained Guaranty Bank had substantial losses “due to unsafe or unsound practices” and found “the bank was significantly under capitalized.”
Depositors are told not to to worry because though the bank has been closed, it has been taken over by First-Citizens Bank.
Please enable Javascript to watch this video MILWAUKEE — Federal regulators shut down close to 50 Guaranty Banks in Wisconsin Friday, May 5th. There was a problem saving your notification.

 

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