It is a Guaranty Bancshares, Inc. subsidiary and was founded in 1913. Tyson Abston serves as President, CEO and chairman of both Guaranty Bank & Trust and Guaranty Bancshares.[6][7][9][10][11]
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.The following year, [11] 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 in 1998.[15][16]
In June 2005, Guaranty Bancshares de-listed from the Nasdaq exchange and again became a privately held company.[17]
In May 2017, Guaranty Bancshares Inc. underwent an IPO and was again 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]
In 2021 and 2022 Guaranty opened locations Georgetown, Texas[31]Austin, Texas
Acquisitions
In 1992, Guaranty Bank & Trust acquired the First National Bank of Deport, with branches in both Deport, Texas and Paris, Texas.[22][32] 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][33]
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.[34] First State Bank of Hallsville, Texas merged with Guaranty Bank & Trust in August 2013.[10][35] Guaranty Bancshares acquired DCB Financial in 2015.[36]
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.[37]