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Data / Bank failures / 2004 / Guaranty National Bank

Guaranty National Bank, Tallahassee, FL: failed March 12, 2004

Guaranty National Bank in Tallahassee, Florida, failed on March 12, 2004. Hancock Bank of Tallahassee, FL, took over its deposits. It held $71.3 million in assets and $65.6 million in deposits at its last report. By assets it was the largest of 4 banks closed or assisted in 2004.

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The FDIC's record

Closed
March 12, 2004
Type
Failure
How it was resolved
Purchase and assumption: another bank took over the deposits
Acquirer
Hancock Bank, Tallahassee, FL
Total assets
$71,280,000
Total deposits
$65,614,000
Charter
National bank (supervised by the OCC)
Insurance fund
BIF
FDIC certificate
26838

The FDIC record

Other bank failures in Florida, 2002 to 2006

BankCityClosedAssetsDepositsEstimated costAcquirer
Net First National BankBoca RatonMarch 1, 2002$37.2 million$31.6 millionBank Leumi
Hamilton Bank, National AssociationMiamiJanuary 11, 2002$1.41 billion$1.30 billion$101.7 millionIsrael Discount Bank of New

Other failed banks Hancock Bank took over

BankCityStateClosedAssetsDepositsEstimated costAcquirer
Peoples First Community BankPanama CityFLDecember 18, 2009$1.80 billion$1.68 billion$597.1 millionHancock Bank
Peoples Federal Savings BankBay ST. LouisMSFebruary 8, 1991$59.7 million$53.9 million$2.1 millionHancock Bank

All bank failures in 2004 · All bank failures in Florida · Every failed bank Hancock Bank took over · 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.