Guaranty Bank (Texas)
| Predecessor | Temple-Inland |
|---|---|
| Founded | 1938/1988 |
| Defunct | 2009 |
| Fate | Acquired by BBVA Compass in 2009 |
| Headquarters | Austin, Texas, U.S. |
Area served | Texas and California |
Key people | Kenneth R. Dubuque (1998–2008) (chairman and CEO) John T. Stuart III (2008–2009) (interim chairman and interim CEO) Kevin J. Hanigan (2008–2009) (president and COO) |
Guaranty Bank was a major bank based in Austin, which collapsed in 2009. It was formed in 1988 as part of Temple-Inland and in 2007 became a standalone company. At the time of its collapse, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, and 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.