Guaranty Bank & Trust

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Guaranty Bank & Trust
Private
Founded Mount Pleasant, Texas, January 1913
Headquarters Mount Pleasant, TX, USA
Number of locations
 24[1]
Area served
 Texas
Key people
 Ty Abston, CEO, Chairman of the Board
Kirk Lee, Corporate President
Total assets US$ 1.49 billion (September 2015)[1]
Number of employees
 319[2]
Parent Guaranty Bancshares, Inc.
Website gnty.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.[3][4][5][6][7]

Tyson Abston serves as CEO and chairman of both Guaranty Bank & Trust and Guaranty Bancshares.[4][5][7][8][9] Kirk Lee serves as president of both Guaranty Bank & Trust and Guaranty Bancshares.[5][7]

Guaranty Bank & Trust has locations in Bryan, Paris, Texarkana, Sulphur Springs, Bogata, Commerce, Atlanta, Pittsburg, New Boston, and Mount Pleasant, Mount Vernon, Longview, Hallsville, College Station, Royse City and North Dallas.[4][10][11] Headquarters are in Mount Pleasant, Texas.

History

The Texas Department of Banking issued a charter to Guaranty State Bank on January 20, 1913.[9][12] The bank’s name changed to Guaranty Bond State Bank in 1927.[9]

In 1979, the bank added trust powers.[9] The following year Guaranty created Guaranty Bancshares Inc., its holding company.[9] In 1981, the bank changed its name to Guaranty Bank.[9]

In 2002, the bank changed its name from Guaranty Bank to Guaranty Bond Bank.[9]

In 2014, the bank changed its name from Guaranty Bond Bank to Guaranty Bank & Trust.

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.[13][14]

In June 2005, Guaranty Bancshares became a privately held company.[15]

Locations

In April 1994, the first location in Paris, Texas opened.[16] Guaranty Bank & Trust also opened its second Mount Pleasant location in 1996.[13] The bank opened a full-service location in Texarkana in 1997.[13] In April 1999, Guaranty opened a location in Pittsburg, Texas.[17][18]

Guaranty Bank & Trust opened a loan production office in August 2000 in Fort Stockton, Texas.[19] The Fort Stockton location became a full service bank in December of that same year.[19] In March 2004, Guaranty Bank & Trust opened a location in Mount Vernon, Texas.[20][21] In August 2004 the Deport location was closed, with customers transferred to nearby towns’ branches.[19] A second Texarkana location opened in July that same year.[21] In 2008, Guaranty Bank & Trust closed its Talco location. The following year, it opened a location in New Boston, Texas.[21] In 2010, Guaranty Bank & Trust added both a mobile bank and another full service branch in Texarkana.[21]

A location was opened in Atlanta, Texas in May 2011.[21] In April 2013, Guaranty Bank & Trust opened its second Paris, Texas location.[22][23] New locations were added in Longview and College Station in 2013.[24] In June 2014, a location was opened in Bryan, TX.[25] In 2015, a location was added in Royce City, Texas, as part of the acquisition of Texas Leadership Bank.[10] Two more locations were added in the North Dallas area as part of the acquisition of Preston State Bank.[11]

Acquisitions

In 1992, Guaranty Bank & Trust acquired the First National Bank of Deport, with branches in both Deport, Texas and Paris, Texas.[19][26] The company purchased a commercial bank in Bogata, Texas in 1993.[19] Talco State Bank, chartered in 1912, merged with Guaranty Bank & Trust in 1997.[19][27]

In 1999, Guaranty Bank & Trust acquired First American Financial Corporation, with its Sulphur Springs and Commerce, Texas locations, and wholly owned mortgage company.[19] The renamed Guaranty Mortgage Company was folded into the bank in 2000.[19]

In 2011, the Fort Stockton location was sold to West Texas State Bank.[28] First State Bank of Hallsville, Texas merged with Guaranty Bank & Trust in August 2013.[8][24] Guaranty Bancshares acquired DCB Financial in 2015.[29]

In 2015, Guaranty Bank & Trust acquired Preston State Bank, a subsidiary of DCB Financial Corp.[11] Texas Leadership Bank was also acquired and its operations merged into Guaranty Bank & Trust in 2015.[10]

References

  1. ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 4.2 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 5.2 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 7.2 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 9.2 9.3 9.4 9.5 9.6 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ 10.0 10.1 10.2 Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ 11.0 11.1 11.2 Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ 13.0 13.1 13.2 Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ 19.0 19.1 19.2 19.3 19.4 19.5 19.6 19.7 Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ 21.0 21.1 21.2 21.3 21.4 Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ 24.0 24.1 Lua error in package.lua at line 80: module 'strict' not found. Cite error: Invalid <ref> tag; name "ref28" defined multiple times with different content
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  29. ↑ "Guaranty Bancshares to merge with DCB Financial". The Paris News. January 11, 2015
Retrieved from "https://infogalactic.com/w/index.php?title=Guaranty_Bank_%26_Trust&oldid=723166863"