Guaranty Bancshares Inc., the parent company of Guaranty Bank & Trust N.A., on Aug. 17 announced the bank will be expanding into the Fort Worth market.
The bank will initially open a loan production office in Fort Worth, although bank officials say they intend to file an application with the Office of the Comptroller of the Currency for approval to convert the location into a full-service banking location. No address was given for the location.
Casey Tibbets will serve as president of Guaranty’s new Fort Worth location. Tibbets joins Guaranty with over 12 years of banking experience in the Fort Worth area, according to a Guaranty news release.
“I am very excited to join the Guaranty team and help build the Guaranty brand in Fort Worth and Tarrant County,” said Tibbets. “We have an amazing opportunity to introduce local businesses and individuals in this market to a community bank model that is based on building personal relationships with our customers. We realize our success is directly tied the success of our customers. We will work hard to add value to our customer’s financial well-being.”
Tibbets received his Bachelor of Science degree in Business Marketing from Trinity University where he played Division III football for the Trinity Tigers. He is active in various civic and charitable organizations in Fort Worth and Tarrant County. He has served as board chair of the Westside YMCA multiple times and assisted in various fundraising projects in the market, including projects for Habitat for Humanity and The Cancer Project.
“Casey has valuable experience and strong relationships in Tarrant County, which we believe provides a strong foundation to execute Guaranty’s proven banking model in this market,” said Ty Abston, chairman of the board and CEO of Guaranty. . “We are entering the Fort Worth and Tarrant County market as part of a long-term strategy for our company and look forward to becoming a part of the community.”
Guaranty Bancshares Inc., parent company of Guaranty Bank & Trust (Guaranty), said Aug. 10 it has completed its transaction to acquire Independent Bank’s location at 3101 Wind River Lane in Denton.
Independent Bank had operated the full-service banking location since 2010. As a part of this transaction, Guaranty has assumed certain deposits and acquired all of the fixed assets of that location. With this acquisition, Guaranty now has $1.8 billion in assets.
Guaranty opened its first Denton location in 2016 at 1100 Dallas Drive, Suite 100. At the time, Guaranty said it plans to extend iss presence in the Dallas-Fort Worth market. Guaranty Bank & Trust, based in Mount Pleasant, has 26 banking locations across 18 Texas communities located within the East Texas, Dallas-Fort Worth Metroplex and Central Texas regions of the state. As of June 30, 2017, Guaranty had total assets of $1.9 billion, total loans of $1.3 billion and total deposits of $1.6 billion.