Guaranty Bancshares, Inc., the holding company of Guaranty Bank & Trust (Guaranty), announced today the completion of its acquisition of Texas Leadership Bank of Royce City. Legal conversion of Texas Leadership took place on March 27. The bank operated as a separate subsidiary of the holding company until July 31, when the operational conversion occurred and the bank was merged with and into Guaranty Bank & Trust.
The completion of this merger has increased Guaranty Bank & Trust’s total assets to over $1.5 billion. Texas Leadership Bank’s employees are now working as Guaranty Bank & Trust employees at the Royce City location, 121 W. Interstate Highway 30.
Doyle Cooper, President of the Royce City market, said, “We are pleased with the opportunities Guaranty is providing our customers and staff. The partnership that has been formed will bring improved banking products and services our customers will appreciate.”
Guaranty is further expanding its presence in fast-growing Rockwall County. A new bank location will open after renovations are completed at 2255 Ridge Road in Rockwall. By the third quarter of 2015, Guaranty will operate a total of 24 bank locations across 17 Texas markets, including four in the Dallas/Fort Worth market.
Ty Abston, Chairman of the Board and CEO of Guaranty, said, “With two locations in Dallas county and two in Rockwall County, we continue building our banking franchise in the D/FW market. These moves support our strategic plan to further expand into markets that will lead to future growth opportunities for Guaranty.”