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Guaranty Bank & Trust is a Texas -based commercial bank that offers personal and business banking services. [5][6][7][8][9] It is a Guaranty Bancshares, Inc. subsidiary and was founded in 1913. Tyson Abston serves as President, CEO and chairman of both Guaranty Bank & Trust and Guaranty Bancshares. [6][7][9][10][11]
Guaranty Bank was a major bank based in Austin, which collapsed in 2009. [2] It was formed in 1988 [3] as part of Temple-Inland and in 2007 became a standalone company. At the time of its collapse, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, [4] and had $13 billion in assets and held $12 billion in deposits. [2]
The bank was founded in Hammond, Louisiana in 1934 as Guaranty Bank & Trust Company. [2] In 1971, the bank was renamed First Guaranty Bank. [2] In 1999, the bank acquired 13 branches from Bank One. [3] In 2007, the company acquired Homestead Bancorp, Inc. for $13 million in cash. [4][5] It also acquired Douglass National Bank of Kansas City. [6]
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Wisconsin, Illinois, Michigan, Minnesota, Georgia. Guaranty Bank was a bank based in Milwaukee, Wisconsin. It had 119 branches, 107 of which were kiosks in grocery stores and Walmart Supercenters. The bank operated in five states: Wisconsin, Illinois, Michigan, Minnesota, and Georgia. The bank also operated locations under the name BestBank.
Before Covid, two-thirds of Americans over age 50 were hesitant to bank online, according to Forbes Advisor. By April 2020, 77% of people 60 and up had conducted a financial transaction online.
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world.
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