One Colorado bank to buy another in $22.5M deal

DENVER BUSINESS JOURNAL - A Denver bank said it's buying a Castle Rock-based bank in an all-stock deal valued at $22.5 million.

Guaranty Bancorp (Nasdaq: GBNK) said it's buying 43-year-old Castle Rock Bank Holding Company, the holding company for Castle Rock Bank, which has more than $147 million in assets.

After the deal closes, all Castle Rock Bank branches will operate under the Guaranty Bank and Trust name.

"This acquisition provides a fill-in opportunity within our Front Range footprint and strengthens our position as one of the premier community banks headquartered in Colorado with approximately $3.6 billion in pro forma assets," said Paul Taylor, president and CEO of Guaranty Bancorp, in a statement.

Read more at the Denver Business Journal: http://bit.ly/2uCFa1e

Copyright 2017 Denver Business Journal


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