Guaranty Bank Failure

Fresno, CA The Texas based bank has nearly 750 million dollars in bad debt, prompting the failure.

It's one of the largest bank failures in U.S. history.

The 162 Guaranty Bank branches, including four in the Central Valley, will re-open Saturday as branches of BBVA Compass, which is based in Birmingham, Alabama.

The FDIC says customers will have access to their money throughout this transition process.

    MORE BUSINESS NEWS | TWEET@ABC30 | FREE ABC30 WIDGET
-----------------------------------------------------------------------------------------------
Sign up for Breaking News Alerts
Breaking News E-Mail Alerts | Text Message Alerts
-----------------------------------------------------------------------------------------------
More News on abc30.com
Local | California/State | National | Weather | Entertainment | Politics | Sports | Health Watch | Consumer Watch | Mr. Food |
-----------------------------------------------------------------------------------------------

Copyright © 2024 KFSN-TV. All Rights Reserved.