Guaranty Bank & Trust
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | January 20, 1913 in Texas, United States |
| Headquarters | Addison , United States |
Area served | Texas |
Key people | Tyson Abston (President, CEO, Chairman) |
| Products | Personal and business financial services |
Number of employees | 412 (2023) |
| Parent | Guaranty Bancshares, Inc. |
Guaranty Bank & Trust is a commercial bank headquartered in Texas, providing a range of personal and business financial services. It operates under the parent company Guaranty Bancshares, Inc., which was established in 1913. Tyson Abston holds the roles of President, CEO, and Chairman for both Guaranty Bank & Trust and Guaranty Bancshares.
The institution manages 33 branch offices throughout Texas, with locations in cities such as 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, Fort Worth, Rockwall, Dallas and Georgetown. The main office is situated in Addison, Texas.
By the end of December 2023, Guaranty Bank & Trust reported total assets amounting to US$3.2 billion and employed a workforce of 412 individuals.
History
Guaranty State Bank was officially chartered by the Texas Department of Banking on January 20, 1913. The institution adopted the name Guaranty Bond State Bank in 1927. In 1979, it obtained trust powers and subsequently formed its holding company, Guaranty Bancshares Inc., in 1980. The bank underwent several name changes: to Guaranty Bank in 1981; then Guaranty Bond Bank in 2002; and ultimately to Guaranty Bank & Trust in 2014. In 2016, it earned recognition as the 15th best bank employer nationwide by American Banker.
Ownership
Guaranty Bank & Trust remained privately owned from its inception until 1998. That year, its parent entity Guaranty Bancshares went public on NASDAQ under the ticker "GNTY." The company returned to private status by delisting in June 2005. In May 2017, Guaranty Bancshares completed another initial public offering and re-entered NASDAQ with the same symbol "GNTY." Later in March 2023, it transitioned its listing to the New York Stock Exchange while retaining the "GNTY" ticker.
Locations
The bank’s expansion throughout Texas began with opening a branch in Paris in April 1994. This growth continued with new branches established in Mount Pleasant (1996), Texarkana (1997), and Pittsburg (1999). A loan production office was launched in Fort Stockton in August 2000 and was upgraded to a full-service branch within that year. Further branch openings included Mount Vernon (2004), an additional Texarkana location (2004), New Boston (2009), and multiple sites across Paris, Longview, College Station, Bryan. The acquisition of Texas Leadership Bank brought a Royse City branch in 2015; Preston State Bank’s acquisition added a North Dallas location the same year. Other expansions followed with branches in Rockwall and Denton (2016), Austin (2017), Fort Worth (2018), Georgetown (2021), and a second Austin branch (2022). The bank also enhanced its service offerings by launching mobile banking and expanding through strategic acquisitions to solidify its presence across the state.
Acquisitions
In 1992, Guaranty Bank & Trust expanded into Deport and Paris by acquiring First National Bank of Deport. The following year saw the purchase of a commercial bank based in Bogata. Talco State Bank—chartered in 1912—was merged into Guaranty Bank & Trust in 1997.
The acquisition of First American Financial Corporation occurred in 1999; this included branches located in Sulphur Springs and Commerce as well as its mortgage subsidiary. By 2000, the mortgage operations were rebranded as Guaranty Mortgage Company and integrated into the bank’s structure.
The Fort Stockton branch was divested to West Texas State Bank in 2011. In August 2013, First State Bank of Hallsville merged with Guaranty Bank & Trust. The parent company expanded further by acquiring DCB Financial in 2015.
That same year also saw the purchase of Preston State Bank—a DCB Financial subsidiary—and Texas Leadership Bank; both were consolidated into Guaranty's operations.
On June 1, 2018, Guaranty Bank & Trust entered the Houston market through acquiring Westbound Bank, N.A., based in Katy, Texas.