ADDISON, Texas--(BUSINESS WIRE)--Guaranty Bancshares, Inc., (NASDAQ: GNTY), the parent company of Guaranty Bank & Trust, N.A., today announced it has executed an agreement to relocate its main Denton location from 1100 Dallas Drive, Suite 100 to 1200 West University Drive in Denton. The move will be subject to customary regulatory approvals.
Guaranty will occupy the site originally built and occupied by the former University State Bank. The bank will move to this new location during the second quarter of 2020 after renovations are complete. The new location will allow Guaranty to better serve the geographic needs of our customers in the Denton market.
Ty Abston, Chairman of the Board and Chief Executive Officer, stated, “This new location is the next step in our long-term strategy for Denton and the overall DFW region. This new location will allow us to continue to expand on the growth we have experienced in the Denton market. The location has been a bank for over 50 years in Denton.”
Brad Andrus, Building Landlord, commented, “This is an opportunity to renovate the building and position it to remain a distinguished building in Denton and give it the modernization to attract first class tenants. Guaranty Bank & Trust ensures the property will continue to be a prominent regional financial center.”
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. As 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 31 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 September 30, 2019, Guaranty Bancshares, Inc. had total assets of $2.3 billion, total loans of $1.7 billion and total deposits of $2.0 billion. Visit www.gnty.com for more information.
