Guaranty Bank & Trust to Sell Atlanta Location
MOUNT PLEASANT, Texas, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Guaranty Bancshares, Inc., (NASDAQ: GNTY), the parent company of Guaranty Bank & Trust, N.A., announced today that it has entered into a Branch Purchase and Assumption Agreement with State Bank of De Kalb to sell its Atlanta, Texas location.
The sale is expected to close near the end of the fourth quarter of 2018, subject to the receipt of all required regulatory approvals and satisfaction of customary closing conditions. Guaranty’s Atlanta customers will be receiving additional information related to the sale in the near future. Terms of the transaction were not announced. Upon completion of the transaction, Guaranty will operate 31 locations throughout 16 markets in Texas.
Guaranty Bank & Trust was advised in the transaction by Fennimore, Kay, and Harrison and Ford, LLP as legal counsel and Commerce Street Capital as financial advisor.
About Guaranty Bancshares
Guaranty Bancshares, Inc. is a bank holding company that conducts commercial banking activities through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. One of the oldest regional community banks in Texas, Guaranty Bank & Trust provides its customers with a full array of relationship-driven commercial and consumer banking products and services, as well as mortgage, trust, and wealth management products and services. Guaranty Bank & Trust has 32 banking locations across 24 Texas communities located within the East Texas, Dallas/Fort Worth, greater Houston and Central Texas regions of the state. As of June 30, 2018, Guaranty Bancshares, Inc. had total assets of $2.2 billion, total loans of $1.6 billion and total deposits of $1.8 billion. Visit www.gnty.com for more information.
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