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Sunday, August 16, 2009

Report: Guaranty Bank Bids Due Monday

by Calculated Risk on 8/16/2009 10:40:00 PM

The Financial Times is reporting that regulators have ask prospective buyers to submit bids for Guaranty Bank on Monday.

Guaranty Bank had $14.4 billion in assets at the end of Q1.

From Reuters: Regulators want Guaranty bids by Monday: report

Regulators are hoping that three banks that had bid for Colonial Bank -- Canada's Toronto Dominion, JPMorgan and Spain's BBVA -- will step in to bid for Guaranty ... private equity consortium, which includes Blackstone Group LP, Carlyle, Oak Hill Capital, TPG and the Texas banker Gerald Ford, is also considering a bid for Guaranty
Sounds like another fairly large bank failure this week.