Company:Guaranty Bank & Trust

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Short description: Bank based in Texas, USA
Guaranty Bank & Trust
TypePublic
NYSE: GNTY
Russell 2000 Component
FoundedMount Pleasant, Texas, January 1913
Headquarters
Addison, Texas[1]
,
USA
Number of locations
32[2]
Area served
Texas
Key people
Ty Abston, President and CEO, Chairman of the Board
Total assetsUS$ 2.2 billion (September 2016)[3]
Number of employees
412[4]
ParentGuaranty Bancshares, Inc.
Websitegnty.com

Guaranty Bank & Trust, a subsidiary of Guaranty Bancshares, Inc. founded in 1913, is a Texas -based commercial bank that offers personal and business banking services.[5][6][7][8][9]

Tyson Abston serves as President, CEO and chairman of both Guaranty Bank & Trust and Guaranty Bancshares.[6][7][9][10][11]

Guaranty Bank & Trust has locations in Bryan, Paris, Texarkana, Sulphur Springs, Bogata, Commerce, Pittsburg, New Boston, Mount Pleasant, Mount Vernon, Longview, Hallsville, College Station, Royse City, Denton, Houston, Conroe, Katy, Austin, Texas , Fort Worth, Rockwall and North Dallas.[6][12][13] Headquarters are in Addison, Texas.

History

The Texas Department of Banking issued a charter to Guaranty State Bank on January 20, 1913.[11][14] The bank’s name changed to Guaranty Bond State Bank in 1927.[11]

In 1979, the bank added trust powers.[11] The following year Guaranty created Guaranty Bancshares Inc., its holding company.[11] In 1981, the bank changed its name to Guaranty Bank.[11]

In 2002, the bank changed its name from Guaranty Bank to Guaranty Bond Bank.[11]

In 2014, the bank changed its name from Guaranty Bond Bank to Guaranty Bank & Trust. The bank was ranked 15th best bank to work for in the United States by American Banker in 2016.[4]

Ownership

From its founding in 1913 until 1998, Guaranty Bank & Trust was a privately held company. Guaranty Bank & Trust's parent company, Guaranty Bancshares, became listed under the symbol “GNTY” on the NASDAQ Exchange.[15][16]

In June 2005, Guaranty Bancshares de-listed from the Nasdaq exchange and became privately held company.[17]

In May 2017, Guaranty Bancshares Inc. underwent an IPO and was listed on the NASDAQ Exchange under the "GNTY" symbol.[18]

In March 2023, Guaranty Bancshares Inc. transferred their listing to NYSE under the “GNTY” symbol.

Locations

In April 1994, the first location in Paris, Texas opened.[19] Guaranty Bank & Trust also opened its second Mount Pleasant location in 1996.[15] The bank opened a full-service location in Texarkana in 1997.[15] In April 1999, Guaranty opened a location in Pittsburg, Texas.[20][21]

Guaranty Bank & Trust opened a loan production office in August 2000 in Fort Stockton, Texas.[22] The Fort Stockton location became a full service bank in December of that same year.[22] In March 2004, Guaranty Bank & Trust opened a location in Mount Vernon, Texas.[23][24] In August 2004, the Deport location was closed, with customers transferred to nearby towns’ branches.[22] A second Texarkana location opened in July that same year.[24] In 2008, Guaranty Bank & Trust closed its Talco location. The following year, it opened a location in New Boston, Texas.[24] In 2010, Guaranty Bank & Trust added both a mobile bank and another full service branch in Texarkana.[24]

A location was opened in Atlanta, Texas in May 2011.[24] In April 2013, Guaranty Bank & Trust opened its second Paris, Texas location.[25][26] New locations were added in Longview and College Station in 2013.[27] In June 2014, a location was opened in Bryan, TX.[28] In 2015, a location was added in Royce City, Texas, as part of the acquisition of Texas Leadership Bank.[12] Two more locations were added in the North Dallas area as part of the 2015 acquisition of Preston State Bank.[13] Additionally, in 2015 Guaranty Bank opened a location in Rockwall.

In May 2016, the bank opened a new location in Denton, Texas. Guaranty Bank & Trust announced an additional College Station location in June 2016[2] before acquiring a second Denton location from Independent Bank in August.[3]

The bank opened an additional location in Austin in November 2017[29] and an additional location in Fort Worth in January 2018.[30]

Acquisitions

In 1992, Guaranty Bank & Trust acquired the First National Bank of Deport, with branches in both Deport, Texas and Paris, Texas.[22][31] The company purchased a commercial bank in Bogata, Texas in 1993.[22] Talco State Bank, chartered in 1912, merged with Guaranty Bank & Trust in 1997.[22][32]

In 1999, Guaranty Bank & Trust acquired First American Financial Corporation, with its Sulphur Springs and Commerce, Texas locations, and wholly owned mortgage company.[22] The renamed Guaranty Mortgage Company was folded into the bank in 2000.[22]

In 2011, the Fort Stockton location was sold to West Texas State Bank.[33] First State Bank of Hallsville, Texas merged with Guaranty Bank & Trust in August 2013.[10][34] Guaranty Bancshares acquired DCB Financial in 2015.[35]

In 2015, Guaranty Bank & Trust acquired Preston State Bank, a subsidiary of DCB Financial Corp.[13] Texas Leadership Bank was also acquired and its operations merged into Guaranty Bank & Trust in 2015.[12]

On June 1, 2018, Guaranty Bank & Trust acquired Westbound Bank, N.A. of Katy, TX, facilitating entrance into the Houston, TX region.[36]

References

  1. ↑ Prior, Jon. "Guaranty Bank & Trust moving headquarters to Addison in October". https://www.bizjournals.com/dallas/news/2018/06/21/guaranty-bank-trust-moving-headquarters-to-addison.html. Retrieved 3 October 2019. 
  2. ↑ 2.0 2.1 "Guaranty Bank & Trust Has New Location Coming to College Station". The Eagle. http://www.theeagle.com/news/business/guaranty-bank-trust-has-new-location-coming-to-college-station/article_a3cf4052-7991-5c9c-b935-265b5fa5a7c6.html. 
  3. ↑ 3.0 3.1 Prior, Jon (August 11, 2016). "Guaranty Bank Buying into Denton Growth". Dallas Business Journal. http://www.bizjournals.com/dallas/news/2016/08/11/guaranty-bank-buying-into-denton-growth.html. 
  4. ↑ 4.0 4.1 "The Best Banks to Work For". American Banker. 29 August 2016. http://www.americanbanker.com/gallery/the-best-banks-to-work-for-2016-1090959-1.html. 
  5. ↑ "Guaranty Bancshares Inc.". New York Times. http://topics.nytimes.com/top/news/business/companies/guaranty-bancshares-inc/. Retrieved January 8, 2014. 
  6. ↑ 6.0 6.1 6.2 "Ground Breaking: Chamber welcomes Guaranty Bond Bank's new location". eParis Extra. http://www.eparisextra.com/all-business/2012/08/30/ground-breaking-chamber-welcomes-guaranty-bond-banks-new-location. Retrieved January 8, 2014. 
  7. ↑ 7.0 7.1 BOB PALMER (January 21, 2013). "Guaranty Bond celebrates 100 years; looks to a bright future". Mount Pleasant Daily Tribune. 
  8. ↑ "Guaranty maintains small-town feeling despite growth". Texarkana Gazette. May 15, 2011. 
  9. ↑ 9.0 9.1 "Abston Named Chairman, Lee President, Guaranty Bond Bank, Mount Pleasant, Texas". Bankers Digest. http://www.bankersdigest.com/Login%20Items/subscriptions/2011/MARCH%2028,%202011%20BD%20FINAL.pdf. Retrieved January 8, 2014. 
  10. ↑ 10.0 10.1 Nicole De Dios (April 22, 2013). "Guaranty Bond Bank to buy fellow Texas bank". SNL Bank M&A Weekly. 
  11. ↑ 11.0 11.1 11.2 11.3 11.4 11.5 11.6 Donny Palmer (March 1, 2013). "BANKER TO BANKER: Guaranty Bond Bank celebrates 100th anniversary". 102. Texas Banking. 
  12. ↑ 12.0 12.1 12.2 Walsh, Field (August 4, 2015). "Guaranty Bank and Trust Completes Acquisition". TXK Today. http://txktoday.com/news/guaranty-bank-trust-completes-acquisition-of-texas-leadership-bank/. Retrieved September 24, 2015. 
  13. ↑ 13.0 13.1 13.2 Walsh, Field (April 7, 2015). "Guaranty Bank & Trust Expands into DFW Market". TXK Today. http://txktoday.com/news/guaranty-bank-trust-expands-into-dfw-market-with-acquisition-of-preston-state-bank/. Retrieved September 24, 2015. 
  14. ↑ "BANK HISTORY". TEXAS DEPARTMENT OF BANKING. http://www.dob.texas.gov/pubs/stbks.pdf. Retrieved January 8, 2014. 
  15. ↑ 15.0 15.1 15.2 "GUARANTY BANCSHARES INC /TX/". IPO. http://pro.edgar-online.com/ipo.aspx?colleft=3c2bcac1-dbf5-4776-9d3b-89001baee8d5&colright=76baaeb6-2549-44f5-8e1d-cd700701e704&cikid=11809&tabindex=2&coname=guaranty%20bancshares%20inc%20/tx/&fnid=4439&ipo=1. Retrieved January 8, 2014. 
  16. ↑ "GUARANTY BANCSHARES INC /TX/ (GNTY) IPO". Nasdaq. http://www.nasdaq.com/markets/ipos/company/guaranty-bancshares-inc-tx-11809-4439. Retrieved January 8, 2014. 
  17. ↑ "Guaranty Bancshares going private". Memorial Hospital & Clinic. http://www.myssnews.com/news/2005/june/nt061005guaranty.htm. Retrieved January 8, 2014. 
  18. ↑ "Guaranty Bancshares Raises $54M In Midrange IPO". Law360. https://www.law360.com/articles/921966/guaranty-bancshares-raises-54m-in-midrange-ipo. 
  19. ↑ "BSC Securities will offer brokerage service in bank lobby". Paris News. https://www.newspapers.com/newspage/6172399/. Retrieved January 8, 2014. 
  20. ↑ "GUARANTY BANCSHARES INC, Form 8-K, Current Report, Filing Date May 11, 1999". secdatabase.com. http://edgar.secdatabase.com/2445/89056699000624/filing-main.htm. Retrieved May 15, 2018. 
  21. ↑ "Guaranty Bank makes two major business moves". Paris News. https://www.newspapers.com/newspage/5893071/. Retrieved January 8, 2014. 
  22. ↑ 22.0 22.1 22.2 22.3 22.4 22.5 22.6 22.7 "FORM 10-K GUARANTY BANCSHARES, INC.". UNITED STATES SECURITIES AND EXCHANGE COMMISSION. https://www.sec.gov/Archives/edgar/data/1058867/000120677405000395/gb71436.htm. Retrieved January 8, 2014. 
  23. ↑ "GUARANTY BANCSHARES, INC. ANNOUNCES GUARANTY BOND BANK EXPANSION WITH OPENING OF MT VERNON, TEXAS LOCATION". News Release. https://www.sec.gov/Archives/edgar/containers/fix026/1058867/000120677404000759/gb71276ex991.htm. Retrieved January 8, 2014. 
  24. ↑ 24.0 24.1 24.2 24.3 24.4 "Company Information". U.S. Bank Profiles. http://www.bankencyclopedia.com/Guaranty-Bond-Bank-1208-Mount-Pleasant-Texas.html. Retrieved January 8, 2014. 
  25. ↑ "Guaranty Bond Bank to celebrate 100 Year Celebration & Grand Opening at second Paris location on the Loop". eParis Extra. http://www.eparisextra.com/all-business/2013/04/08/guaranty-bond-bank-to-celebrate-100-year-celebration-grand-opening-at-second-paris-location-on-the-loop. Retrieved January 8, 2014. 
  26. ↑ "GUARANTY BOND BANK, PARIS, TEXAS". Hayter Engineering, Inc.. http://hayterengineeringinc.com/portfolio-view/duis-arcu-odi/. Retrieved January 8, 2014. 
  27. ↑ "Longview, TX Banking Market". Competitive Analysis and Structure Source Instrument for Depository Institutions. http://cassidi.stlouisfed.org/markets/48200/history/?print. Retrieved January 8, 2014. 
  28. ↑ "Diebold Advances Guaranty Bank & Trust's Branch Transformation Initiative". Market Watch. 15 July 2014. http://www.marketwatch.com/story/diebold-advances-guaranty-bank-trusts-branch-transformation-initiative-2014-07-15. Retrieved 7 September 2014. 
  29. ↑ "Guaranty Bank & Trust Opens Full-Service Location in Austin". 30 November 2017. http://www.nasdaq.com/press-release/guaranty-bank--trust-opens--fullservice-location-in-austin-20171130-01143. 
  30. ↑ "Guaranty Bank & Trust Opens Newest Location in Fort Worth". 3 January 2018. https://globenewswire.com/news-release/2018/01/03/1281871/0/en/Guaranty-Bank-Trust-Opens-Newest-Location-in-Fort-Worth.html. 
  31. ↑ "The First National Bank of Deport". FDIC. http://www2.fdic.gov/idasp/confirmation_outside.asp?inCert1=3175. Retrieved January 8, 2014. 
  32. ↑ "Talco State Bank". National Information Center. http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=466763&parDT_END=20090227. Retrieved January 8, 2014. 
  33. ↑ "Guaranty merges with Odessa bank". Fort Stockton Pioneer. http://www.fortstocktonpioneer.com/news/article_d4d92354-eab2-11e0-a9d0-001cc4c002e0.html. Retrieved January 8, 2014. 
  34. ↑ "central regional news". 113. Bank News. 1 August 2013. 
  35. ↑ "Guaranty Bancshares to merge with DCB Financial". The Paris News. January 11, 2015
  36. ↑ https://www.nasdaq.com/press-release/guaranty-bancshares-incacquires-westbound-bank-20180605-00554 [bare URL]



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