Ladies & Gentlemen, Your 81st Bank Failure Of The Year

Ladies & Gentlemen, Your 81st Bank Failure Of The Year

Normally we wouldn’t rely on the phrase “third largest bank failure of the year” to impress upon you the seriousness of a situation, but since we’re at our 81st bank failure of 2009, we’re going to go with it. Meet Guaranty Bank of Texas. It has now failed.