Beloit, Kansas: Today Central National Bank and The Guaranty State Bank and Trust Company jointly announced a purchase agreement for The Guaranty to purchase Central National Bank’s Glen Elder branch location. The sale is subject to approval by the Office of the Kansas State Bank Commissioner and the FDIC. The transition is intended to take place on April 14, 2017.
“The Guaranty is pleased to have the opportunity to offer full banking services to the Glen Elder area,” said Doug Johnson, President of The Guaranty. “The name will change, but customers will experience few changes following the sale. The Guaranty’s aid is to provide true community banks to each of the communities it serves.”
The Glen Elder branch will join The Guaranty family of banks in Beloit, Burr Oak, Esbon, Jewell and Smith Center. A loan production office in Rossville, Kan. is another part of The Guaranty family. Total assets for all locations will be approximately $279,000,000. In addition, The Guaranty Financial Resource Center manages $69,000,000 in trust department assets and $95,000,000 in brokerage assets with Investment Centers of America.
Investment Centers of America, Inc. (ICA), member FINRA/SIPC and a Registered Investment Advisor is not affiliated with the Guaranty State Bank & Trust Co or the Guaranty Financial Resource Center Investment & Insurance Services. Securities, advisory services, and insurance products offered through the ICA and affiliated insurance agencies are *not insured by the FDIC or any other Federal Government agency *not a deposit or other obligation of, or guaranteed by any bank or their affiliates *subject to risks including the possible loss of principal amount invested.