MOUNT PLEASANT, Texas--(BUSINESS WIRE)--Guaranty Bancshares, Inc., parent company of Guaranty Bank & Trust (Guaranty), announces plans to open a full service location in Denton, Texas. Jeremy W. Fykes has joined Guaranty as Denton Market President after having served the financial needs of Denton County residents and businesses since 2001 at another local financial institution. Additionally, Tara Ashby has joined Guaranty and will be assisting Jeremy with opening of the new Denton location.
When opened, Guaranty’s new Denton location will be the Bank’s 25th full service facility. Guaranty will open in a temporary facility located in Woodhill Square, 1100 Dallas Drive, Suite 100 during the first quarter of 2016, with a permanent site to be identified shortly thereafter. With approximately $1.7 billion in assets, the new Denton location will allow Guaranty to further extend its banking footprint within the DFW market, representing the fifth bank location Guaranty will have established in the DFW market during the last 12 months. This is further enhanced by Guaranty’s strong presence in the East Texas and Central Texas regions. Opening of the full service facility will be subject to normal regulatory approvals.
Ty Abston, Chairman of the Board and CEO of Guaranty, said, “Denton provides Guaranty with another strategic location in our efforts to expand our banking franchise in the vibrant DFW market. We are excited to have Jeremy lead our efforts in the Denton market."
Jeremy Fykes, Denton Market President said, “Denton is a great community and I am excited for the opportunity to help lead Guaranty’s expansion into the Denton market. Denton has been my home for the past 24 years and I am excited to extend my tenure in this great city and look forward to the next chapter of my professional career with Guaranty. Guaranty’s asset size and array of products, coupled with their established banking legacy spanning over 100 years will allow me to fully accommodate the banking needs of all my customers. Denton has been a great place for me to grow professionally and this is an exciting opportunity.”
Denton was recognized in 2012 by USA Today/Rand McNally as the #1 Small Town in the U.S. and by the U.S. Census Bureau in 2011 as the #7 fastest growing city in the U.S. with a population greater than 100,000. Denton is home to The University of North Texas and Texas Women’s University with combined enrollment exceeding 50,000 students. The City of Denton has an estimated population in excess of 125,000 residents with Denton County in excess of 750,000 residents.
About Guaranty Bancshares, Inc.
Guaranty Bancshares, Inc. is the holding company for Guaranty Bank & Trust, a $1.7 billion asset community banking organization with a 100-year history of strength and stability providing its customers and shareholders with a proven track record of success. As one of the oldest and most respected regional community banks in Texas, Guaranty provides its customers with a full array of relationship-driven commercial and consumer banking services, as well as mortgage, trust, and wealth management products and services that are tailored to meet the needs of small and medium-sized business, professionals, and individuals. Guaranty has 24 bank locations across 17 Texas markets. Additional information about Guaranty Bank & Trust and its full line of products and services can be found at www.gnty.com.
