Centennial closes purchase of Guaranty Corp.

FORT COLLINS – Centennial Bank Holdings Inc. completed the previously announced merger with Guaranty Corp. today.
In the deal, Centennial paid $365 million in cash for all of Guaranty’s outstanding stock. Guaranty Corp. had three banks – Guaranty Bank and Trust Co. in Denver, First National Bank of Strasburg and Collegiate Peaks Bank.
With the closing of this deal, Centennial has approximately $2.5 billion in total assets with 29 branches along the Front Range and four banks – the Guaranty Corp. banks and Centennial Bank of the West.
This early year acquisition is only the beginning for…