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Revision as of 18:44, 12 January 2014

Guaranty Bond Bank
Company typePrivate
FoundedMt Pleasant, Texas, January 1913
Headquarters
Mt. Pleasant, TX
,
USA
Number of locations
19
Area served
Texas
Key people
Ty Abston, CEO, Chairman of the Board
Kirk Lee, Corporate President
Total assetsUS$ 1,173,787,000 as of June 2013[1]
Number of employees
315
ParentGuaranty Bancshares, Inc.
Websitewww.gnty.com

Guaranty Bond Bank, a subsidiary of Guaranty Bancshares, Inc. founded in 1913, is a Texas based commercial bank that offers personal and business banking services.[2][3][4][5][6]

Tyson Abston serves as CEO and chairman of both Guaranty Bond and Guaranty Bancshares.[3][4][6][7][8] Kirk Lee serves as president of both Guaranty Bond and Guaranty Bancshares.[4][6]

Guaranty Bond Bank has locations in Paris, Texarkana, Sulphur Springs, Bogata, Commerce, Atlanta, Pittsburg, New Boston, and Mt. Pleasant, Longview, Hallsville, and College Station.[3] Headquarters are in Mt. Pleasant.[3]

History

The Texas Department of Banking issued a charter to Guaranty State Bank on January 20, 1913.[8][9] The bank’s name changed to Guaranty Bond State Bank in 1927.[8]

In 1979, the bank added trust powers.[8] The following year Guaranty created Guaranty Bancshares, its holding company.[8] In 1981, the bank changed its name to Guaranty Bank.[8]

In 1992, the company acquired the First National Bank of Deport, with branches in both Deport, Texas and Paris, Texas.[10][11]

In April 1994, the first branch in Paris, Texas opened.[12]

In 1996, the company purchased a commercial bank in Bogata, Texas.[10] That same year, Guaranty also opened its second Mount Pleasant location.[13] Talco State Bank, chartered in 1912, merged with Guaranty Bond Bank in 1997.[10][14] Guaranty Bond Bank also opened a full-service location in Texarkana in 1997.[13]

In 1998, Guaranty Bancshares, Guaranty Bank’s parent company, publicly traded on the NASDAQ Exchange as "GNTY".[13][15]

In April 1999, Guaranty opened a location in Pittsburg, Texas.[16][17] That same year, it acquired First American Financial Corporation, with their Sulphur Springs and Commerce, Texas branches, and a wholly owned mortgage company.[10] Now called Guaranty Mortgage Company, the mortgage company was folded into the bank in 2000.[10] Guaranty also opened a loan production office in August 2000 in Fort Stockton, Texas.[10] The Fort Stockton location became a full service bank in December of that same year.[10]

In 2002 the bank changed its name from Guaranty Bank to Guaranty Bond Bank.[8]

In March 2004, Guaranty Bond Bank opened a location in Mt. Vernon, Texas.[18][19] In August of 2004 the Deport location was closed, with customers transferred to nearby town’s branches.[10] A second Texarkana location opened in July that same year.[19]

In June 2005, Guaranty Bancshares filed with the SEC to no longer be publicly traded.[20]

In July 2007, Guaranty Bond Bank started using Integrated Bank Technology’s (IBT) Integrated Fraud Detection system.[21] The Integrated Fraud Detection software detects all checks that fall outside of the bank’s parameters and compiles a list for bank staff to review at the end of each day.[21] That same month, the bank also employed Alert Logic Inc. to outfit its branches with intrusion protection, vulnerability management and IT compliance automation.[22]

In 2008, Guaranty Bond Bank closed its Talco location, but maintained a presence in the market with the addition of a full service ATM. The following year, it opened a location in New Boston, Texas.[19]

In 2010, Guaranty Bond bank added both a mobile bank and another full service branch in Texarkana.[19] The bank also introduced email marketing and debuted in social media with Facebook, Twitter, and, later, YouTube in 2010.[23][24]

A branch was opened in Atlanta, Texas in May 2011.[19] That same year, the Ft. Stockton location was sold to West Texas State Bank.[25]

In April 2013, Guaranty Bond Bank opened its second Paris, Texas branch location.[26][27] First State Bank of Hallsville, Texas merged with Guaranty Bond Bank in August 2013.[7][28] New branches were also added in Longview and College Station.[28]

References

  1. ^ "Guaranty Bond Bank, National Association". Investigative Reporting Workshop. Retrieved January 8, 2014.
  2. ^ "Guaranty Bancshares Inc". New York Times. Retrieved January 8, 2014.
  3. ^ a b c d "Ground Breaking: Chamber welcomes Guaranty Bond Bank's new location". eParis Extra. Retrieved January 8, 2014.
  4. ^ a b c BOB PALMER (January 21, 2013). "Guaranty Bond celebrates 100 years; looks to a bright future". Mount Pleasant Daily Tribune.
  5. ^ "Guaranty maintains small-town feeling despite growth". Texarkana Gazette. May 15, 2011.
  6. ^ a b c "Abston Named Chairman, Lee President, Guaranty Bond Bank, Mount Pleasant, Texas" (PDF). Bankers Digest. Retrieved January 8, 2014. {{cite web}}: line feed character in |title= at position 39 (help)
  7. ^ a b Nicole De Dios (April 22, 2013). "Guaranty Bond Bank to buy fellow Texas bank". SNL Bank M&A Weekly.
  8. ^ a b c d e f g Donny Palmer (March 1, 2013). "BANKER TO BANKER: Guaranty Bond Bank celebrates 100th anniversary". Vol. 102, no. 3. Texas Banking.
  9. ^ "BANK HISTORY" (PDF). TEXAS DEPARTMENT OF BANKING. Retrieved January 8, 2014.
  10. ^ a b c d e f g h "FORM 10-K GUARANTY BANCSHARES, INC". UNITED STATES SECURITIES AND EXCHANGE COMMISSION. Retrieved January 8, 2014.
  11. ^ "The First National Bank of Deport". FDIC. Retrieved January 8, 2014.
  12. ^ "BSC Securities will offer brokerage service in bank lobby". Paris News. Retrieved January 8, 2014.
  13. ^ a b c "GUARANTY BANCSHARES INC /TX/". IPO. Retrieved January 8, 2014.
  14. ^ "Talco State Bank". National Information Center. Retrieved January 8, 2014.
  15. ^ "GUARANTY BANCSHARES INC /TX/ (GNTY) IPO". Nasdaq. Retrieved January 8, 2014.
  16. ^ "SIGNATURE". GUARANTY BANCSHARES, INC. Retrieved January 8, 2014.
  17. ^ "Guaranty Bank makes two major business moves". Paris News. Retrieved January 8, 2014.
  18. ^ "GUARANTY BANCSHARES, INC. ANNOUNCES GUARANTY BOND BANK EXPANSION WITH OPENING OF MT VERNON, TEXAS LOCATION". News Release. Retrieved January 8, 2014.
  19. ^ a b c d e "Company Information". U.S. Bank Profiles. Retrieved January 8, 2014.
  20. ^ "Guaranty Banchsares going private". Memorial Hospital & Clinic. Retrieved January 8, 2014.
  21. ^ a b "Integrated Bank Technology releases fraud detection package". Finextra. Retrieved January 8, 2014.
  22. ^ "Alert Logic to secure 12 Guaranty banks". Houston Business Journal. Retrieved January 8, 2014.
  23. ^ "Top Community Bank Leaders in Social Media" (PDF). Independent Banker. Retrieved January 8, 2014.
  24. ^ "Guaranty Bond Bank". Lead411. Retrieved January 8, 2014.
  25. ^ "Guaranty merges with Odessa bank". Fort Stockton Pioneer. Retrieved January 8, 2014.
  26. ^ "Guaranty Bond Bank to celebrate 100 Year Celebration & Grand Opening at second Paris location on the Loop". eParis Extra. Retrieved January 8, 2014.
  27. ^ "GUARANTY BOND BANK, PARIS, TEXAS". Hayter Engineering, Inc. Retrieved January 8, 2014.
  28. ^ a b "central regional news". Vol. 113, no. 8. Bank News. 1 August 2013. Cite error: The named reference "ref28" was defined multiple times with different content (see the help page).
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