Data / Bank failures / 1983 / Guaranty FS&LA
Guaranty FS&LA, Taylor, MI: received FDIC assistance July 22, 1983
Guaranty FS&LA in Taylor, Michigan, received open bank assistance from the FDIC on July 22, 1983. It held $143.4 million in assets and $133.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1 million (0.7% of its assets). By assets it was the 22nd largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- July 22, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Guaranty FS&LA, Taylor, MI
- Total assets
- $143,415,797
- Total deposits
- $133,534,855
- Estimated cost to the FDIC
- $1,000,000 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 30484
Other bank failures in Michigan, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Usm (u.s. Mutual) S&LA | Ann Arbor | November 26, 1985 | $306.1 million | $287 million | $31.1 million | Great Lakes Bancorp |
| National Bank and Trust Company of Travers | Traverse City | March 9, 1984 | $104 million | $97.8 million | $12.2 million | NBD Northwest Bank NA |
| Metropolitan Sa (assistance) | Farmington | February 12, 1983 | $395.9 million | $254 million | $1.5 million | Empire of America, Fsa |
| American FS&LA (assistance) | Southfield | July 30, 1982 | $841.7 million | $475.8 million | $3.1 million | Empire of America, Fsa |
| Community BK of Washtenaw | Ypsilantai | May 15, 1982 | $19.9 million | $18.2 million | $242,786 | Michigan NB Ann Arbor |
All bank failures in 1983 · All bank failures in Michigan · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.