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Banking Guaranty completes acquisition of Denton bank

Guaranty completes acquisition of Denton bank

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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 on May 2 at 1100 Dallas Drive, Suite 100. With the Wind River location, Guaranty further extends its presence in the Dallas-Fort Worth market, adding to the company’s footprint in the East Texas and Central Texas regions.

Guaranty has 26 locations in 18 Texas markets. In the past year, Guaranty has added six banking locations in the local market, including this latest acquisition.

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