Federal regulators shut down Guaranty Bank in Texas on Friday and agreed to absorb the bulk of potential losses on a portfolio of assets sold to the U.S. division of a Spanish bank.
The failure and three others on Friday bring the total number of bank failures this year to 81, the highest level since the end of the savings-and-loan crisis.
Friday, August 21, 2009
Guaranty Bank Is 81st to Fail
The Wall Street Journal reports:
