Well this can't be good..my bank MAY "merge with another financial institution or face liquidation"

Fuck.

http://www.dallasnews.com/sharedcontent/dws/bus/stories/041009dnbusguaranty.bafda0ee.html

Austin-based Guaranty Financial Group Inc.’s shares fell 10 percent in midday trading Thursday, after the banking company revealed late Wednesday that it does not believe it currently meets federally required capital ratios.

Federal regulators ordered Guaranty to raise capital levels at its bank, Guaranty Bank, the company said in a regulatory filing. A spokesman for Guaranty was not immediately available.

If the bank does not meet the required capital levels by May 21, Guaranty said it would have to merge with another financial institution or face liquidation. The company has seen losses from non-performing loans mount in its consumer and business banking operations, which are focused in Texas and California.

Guaranty, which has significant operations in Dallas and about $15 billion in assets, is in talks with its board of directors and stockholders, as well as with the government, to raise additional capital. If the money can be raised, it would dilute the ownership stake of existing shareholders.

and get it into a credit union, if you have a good one in your area, or a decently rated bank. Bankrate.com has reasonably reliable ratings for this purpose.

I'm glad I got out of Washington Mutual about a year or so ago.

Your money is guaranteed up to $250,000.

that Turbo's plan to have the FDIC backstop the losses of his PPIP money-laundering/treasury-looting program won't destroy the ability to come through on the guarantee.

:shrug:

http://www.secform4.com/filings/1406081/000092847508000349.htm


About Guaranty Financial Group Inc.

Guaranty Financial Group Inc. is the second largest publicly-traded financial institution holding company headquartered in Texas and one of the 50 largest publicly-traded financial institution holding companies based in the U.S. ranked by asset size. Guaranty Financial Group operates Guaranty Bank, which engages in consumer and business banking activities through a network of more than 150 banking centers in Texas and California. Guaranty Bank also provides financing to middle market companies, independent energy producers, and the real estate industry. Additionally, Guaranty Bank operates an insurance agency, Guaranty Insurance Services, Inc.

Screwed me over on a whole life policy years ago. I have hated them ever since. I am older now and wiser and I wished I had known to report them to authorities at the time.