If Guaranty were to fail, it would be the biggest bank failure of 2009.
But experts say there is little reason guaranty customers need to worry.
"If you have your money in Guaranty, you are 100-percent insured. FDIC was created back in 1933 from 1933 all the way up here to 2009, not a penny has been lost by depositors in FDIC- insured institution," said John Heasley with the Texas Bankers Association.
Most Guaranty Bank branches are in Texas, but they do have four Valley locations. They are in Fresno, Clovis, Merced and Atwater
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 |
-----------------------------------------------------------------------------------------------
