It looks like one of the largest banks in Texas is likely to be next on the FDIC salvage list. From Austin Business Journal…

“Guaranty Financial Group Inc. will probably fail after loan losses and writedowns left it “critically” short of capital.

Austin-based Guaranty, the second-largest publicly traded bank in Texas, reported that it couldn’t raise the capital from its shareholders, and won’t be eligible for help from federal officials so it’s looking for a buyer, according to a regulatory filing.

“…The company believes that it is probable that it will not be able to continue as a going concern,” the filing shows.”

If Guaranty Financial does fail, it will be largest bank to do so this year.