Guaranty Bank - Milwaukee, WI

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Guaranty Bank

2017 FDIC Insured Failed Banks

May 5, 2017: Guaranty Bank, Milwaukee, WI, d/b/a BestBank in Georgia & Michigan - was closed by the Office of the Comptroller of the Currency. The Federal Deposit Insurance Corporation (FDIC) was named Receiver.

Successor Bank: All deposit accounts, including brokered deposits, have been transferred to First-Citizens Bank & Trust Company, Raleigh, NC. All depositors of Guaranty Bank and BestBank automatically became depositors of First-Citizens Bank & Trust Company.

First-Citizens Bank & Trust Company
239 Fayetteville Street
Raleigh, NC 27601


1923: Established as Guaranty Savings and Loan Association
1989: Changed name to Guaranty Bank for Savings, Savings Association
1990: Changed name to Guaranty Bank for Savings, S.S.B.
1992: Changed name to Guaranty Bank, S.S.B.
2002: Changed name to Guaranty Bank

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search

Guaranty Bank

501 West Northshore Drive
Milwaukee, WI 53217
Established as
Guaranty Savings and Loan Association
Cost to FDIC: $146 million