Banking & Finance  July 18, 2018

Guaranty Bancorp posts $13.3M profit in second quarter

DENVER — Guaranty Bancorp, a Denver-based bank-holding company that is in the process of being acquired, on Wednesday posted $13.3 million in profits for the second quarter that ended June 30.

The bank posted a profit of $10.1 million in the first quarter of this year.

Guaranty Bancorp (Nasdaq: GBNK) is on track to be acquired by Texas-based Independent Bank Group Inc. (Nasdaq: IBTX) in a $1 billion deal expected to close during the fourth quarter of this year.

Guaranty has 32 branches in Colorado, including Berthoud, Boulder, Fort Collins,…

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