Morris Knight

"It's much more beneficial for the consumer," said Morris Knight, director of retail banking in California for Guaranty Bank.
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"It's important for consumers to know the options they have to protect their financial investments," said Knight. "What I recommend is that consumers go to their bank and have them audit your account and explain how much is insured."

If you have a CD or other interest-bearing account, keep in mind that coverage applies only to the principal and interest up to the insured amount. So if you had purchased a $250,000 CD and the bank went under, you would only be reimbursed for $250,000, but not any interest earned.

One way to go beyond the $250,000 limit at a bank or credit union is to have more than one type of account ownership category, said Knight.

> "We're coming up the valley," said Morris Knight, executive vice president and managing director of Guaranty's California operations, "and it's a natural progression for us geographically."

The company already has branches at 9150 Elk Grove-Florin Road in Elk Grove and at 1735 Howe Ave. in Sacramento.The Howe branch will be moved into a building that Guaranty purchased on the corner of Watt and El Camino avenues.

A second Elk Grove branch is expected to be completed on Elk Grove Boulevard, near Interstate 5, in November, Knight said, and the Granite Bay and Lincoln branches may be completed next year.

Morris Knight, Managing Director N. CA.

It is particularly gratifying that Guaranty can participate in the revitalization of downtown Stockton in such a tangible way," said Morris Knight, executive vice president and managing director of Guaranty's retail-banking operation in California.

"We're trying to become a part of the Sacramento banking community," said Morris Knight, executive vice president and managing director of California operations for Guaranty.