On March 12, 2004, Guaranty National Bank of Tallahassee,
Tallahassee, FL was
closed by Office of the Comptroller of the Currency. The Federal Deposit Insurance Corporation (FDIC) was
named Receiver. No advance notice is given to the public when a financial institution is
The FDIC has assembled useful information
regarding your relationship with this institution. Besides a checking account, you
may have Certificates of Deposit, a car loan, a business checking account, a commercial
loan, a Social Security direct deposit, and other relationships with the institution. The
FDIC has compiled the following information which should help answer many of your
The FDIC has issued a press release (PR-21-2004) about the institution’s closure. If you represent a media
outlet and would like information about the closure, please contact Rosemary George at 202-898-6530.
All deposit accounts have been transferred
to Hancock Bank of Florida, Tallahassee, FL ("assuming
institution") and will be available as usual during regular business hours at
all former Guaranty National branches. You may view more information
about Hancock Bank by visiting their web site.
These transferred deposits will be separately
insured from any accounts you may already have at Hancock Bank of
Florida for six months
after the failure of Guaranty National Bank of Tallahassee. Checks that were drawn on
Guaranty National Bank of Tallahassee that did not clear before the institution closed will
be honored. If you have questions about your account(s) transferred to the assuming bank, you may speak to an FDIC representative regarding deposit
insurance by calling 1-888-206-4662.
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
You may withdraw your funds from any transferred
account without an early withdrawal penalty until you enter into a new
deposit agreement with Hancock Bank of Florida (as long as the deposits
are not pledged as collateral for loans.)
You may continue to use the services to which
you previously had access, such as automatic teller machines, safe deposit boxes, night
deposit boxes, wire services, etc.
Your checks will be processed as usual. All
outstanding checks will be paid against your available insured balance(s) as if no change
had occurred. Hancock Bank of Florida will contact you soon regarding any changes in the
terms of your account. If you have a problem with a merchant refusing to accept your
check, please contact Hancock Bank of Florida, Customer Service Department, at
850-884-2330. An account representative will clear up any confusion about the
validity of your checks.
After March 12, 2004, your account will earn
interest at a rate determined by Hancock Bank of Florida. You will be notified by letter
regarding this matter.
Your automatic direct deposit(s) and/or
automatic withdrawal(s) should be transferred automatically to your assuming institution.
You should contact your assuming institution, however, to discuss your account(s) and to
insure that service is not delayed or discontinued.
All your deposit account histories and records will be transferred to
your assuming institution. If your assuming institution requires any
additional signatures or forms, it will notify you. If you have any
questions or special requests, you may contact a representative of your
assuming institution at 850-884-2330.
If you had a loan with Guaranty National Bank of Tallahassee, you should continue to make your payments as usual. The terms of your loan
will not change under the terms of the loan contract because they are contractually agreed
to your promissory note with the failed institution. Checks should be made to your former bank and sent to the same
address until further notice.
Claims against failed financial institutions
occur when bills sent to the institution remain unpaid at the time of failure. Shortly
after the failure, the FDIC sends notices directly to all known service providers to
explain the claim filing process.
Please note: there are time limits for
filing a claim, as specified in the notice.
If you provided a service for Guaranty National Bank of Tallahassee and have not
received a notice, please contact:
Federal Deposit Insurance Corporation
Receiver: Guaranty National Bank
Attention: Claims Department, DRR
1601 Bryan Street
Dallas, TX 75201