In a press release dated May 1, Guaranty Bancshares, Inc. (“Guaranty”) today announced the commencement of its initial public offering of 2,000,000 shares of common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (“SEC”). The underwriters will have a 30-day option to purchase up to an additional 300,000 shares of common stock. The initial public offering price is currently estimated to be between $26.00 and $28.00 per share. The common stock is expected to trade on the Nasdaq Global Select Market under the symbol “GNTY.”
Guaranty is a bank holding company that conducts 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 that are tailored to meet the needs of small and medium-sized businesses, professionals, and individuals. Guaranty Bank & Trust has 26 banking locations across 18 Texas communities, including Sulphur Springs, East Texas locations, the Dallas/Fort Worth metroplex and Bryan/College Station markets of Texas. As of December 31, 2016, Guaranty had total assets of $1.8 billion, total loans of $1.2 billion and total deposits of $1.6 billion.
Guaranty intends to use its net proceeds from the offering to further implement its expansion strategy and fund organic growth within its banking markets, repay corporate debt, and for general corporate purposes.
Sandler O’Neill + Partners, L.P. is acting as sole book-running manager, and Stephens Inc. is acting as co-manager.
This offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained by contacting (i) Sandler O’Neill + Partners, L.P., Attention: Syndicate, 1251 Avenue of the Americas, 6th Floor, New York, New York, by phone at (866) 805-4128 or by email at syndicate@sandleroneill.com; or (ii) Stephens Inc., Attention: Prospectus, 111 Center Street, Little Rock, Arkansas 72201, by phone at (501) 377-2131 or by email at prospectus@stephens.com.
A registration statement relating to these securities has been filed…