Data / Bank failures / 1982 / Guaranty Bond State Bank
Guaranty Bond State Bank, Redwater, TX: failed July 27, 1982
Guaranty Bond State Bank in Redwater, Texas, failed on July 27, 1982. First BANK&TRUST Redwate of Redwater, TX, took over its deposits. It held $14.1 million in assets and $12.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.4 million (24.3% of its assets). By assets it was the 97th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- July 27, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First BANK&TRUST Redwate, Redwater, TX
- Total assets
- $14,070,000
- Total deposits
- $12,407,000
- Estimated cost to the FDIC
- $3,416,971 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 12767
Other bank failures in Texas, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| American Nat BK in McLean | McLean | August 16, 1984 | $14.3 million | $13.4 million | $3 million | McLean Bank of Commerce |
| East Texas BK & TR Co. | Longview | June 29, 1984 | $106.1 million | $97.1 million | $19.9 million | Texas National Bank |
| Investors S&LA (assistance) | Houston | May 16, 1984 | $31.5 million | $24.2 million | Empire of America | |
| First National Bank | Snyder | May 4, 1984 | $23.5 million | $22.2 million | $753,506 | American STB of Snyder |
| Security National BK of Lubbock | Lubbock | April 13, 1984 | $51.4 million | $49.9 million | $3.7 million | City Bank National Assn |
| Seminole State National Bank | Seminole | March 16, 1984 | $51.1 million | $48.4 million | $2 million | Seminole National Bank |
| Empire S&LA | Mesquite | March 14, 1984 | $332.5 million | $303.5 million | $266.9 million | |
| Brownfield State BK & TR Co. | Brownfield | February 17, 1984 | $38.9 million | $37.6 million | $7.6 million | Brownfield State Bank |
All bank failures in 1982 · All bank failures in Texas · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.