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  6. Guaranty Bancshares Acquires Westbound Bank

M&A Deal Summary

Guaranty Bancshares Acquires Westbound Bank

On January 29, 2018, Guaranty Bancshares acquired financial services company Westbound Bank

Acquisition Highlights
  • This is Guaranty Bancshares’ 3rd transaction in the Financial Services sector.
  • This is Guaranty Bancshares’ 3rd transaction in the United States.
  • This is Guaranty Bancshares’ 3rd transaction in Texas.

M&A Deal Summary
Date 2018-01-29
Target Westbound Bank
Sector Financial Services
Buyer(s) Guaranty Bancshares
Deal Type Add-on Acquisition
Advisor(s) Bank Advisory Group (Financial)
Hunton & Williams LLP (Legal)

Target

Westbound Bank

Katy, Texas, United States
Westbound Bank is a provider of financial services, The Bank reported total assets of $228.0 million, total loans of $160.3 million and total deposits of $188.5 million. Westbound Bank is based in Katy, Texas.

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Buyer(S) 1

Buyer

Guaranty Bancshares

Mount Pleasant, Texas, United States
Category Company
Founded 1912
Sector Financial Services
Employees224
DESCRIPTION

Guaranty Bancshares, Inc. is a holding company of Guaranty Bank & Trust, with over $1.5 billion in assets. Guaranty Bancshares was founded in 1912 and is based in Mount Pleasant, Texas.

DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Texas Leadership Bank

Royse City, Texas, United States

Texas Leadership Bank is a provider of financial services to consumers and small businesses.

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