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The Guaranty State Bank and Trust Company Announces the Purchase of the Jamestown State Bank

November 2, 2018

FOR IMMEDIATE RELEASE

Media Contacts:
Doug Johnson, President, The Guaranty State Bank and Trust Company
785-738-3501
John Herbin, President, Jamestown State Bank
785-439-6224

The Guaranty State Bank and Trust Company Announces the Purchase of the Jamestown State Bank

The Guaranty State Bank and Trust Company has reached an agreement to purchase the Jamestown State Bank in Jamestown, Kansas. 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 February 15, 2019.

“We are excited to now offer full banking services to all areas of Jewell County and look forward to expanding our footprint into Cloud County,” said Doug Johnson, President of The Guaranty.
“Yes, the name will be changing, but The Guaranty’s goal is to provide a wide variety of services to benefit the customers in each of the communities we serve. We hope that you will allow us to be your one stop shop for your financial needs.”

As part of the transition, the Jamestown State Bank branch in Randall will no longer be open after February 15, 2019. The Guaranty will have locations nearby in Jamestown, Jewell and Beloit to serve the customers, along with their other banks in Burr Oak, Esbon, Glen Elder and Smith Center. A loan production office in Rossville, Kansas, completes the bank’s locations. Total assets for all locations will be approximately $285,000,000. In addition to banking products, The Guaranty Financial Resource Center manages $61,500,000 in trust department assets and $100,000,000 in brokerage assets with LPL Financial.

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured by Guaranty State Bank & Trust Co. deposits and are not FDIC insured. These products are not obligations of the Guaranty State Bank & Trust Co and are not endorsed, recommended or guaranteed by Guaranty State Bank & Trust Co. or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and the loss of the principal is possible. Guaranty State Bank & Trust Co. and GSB Financial Resource Center Investment and Insurance Services are not registered broker/dealers and are not affiliated with LPL Financial.

Derek Nesterhttps://sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2021 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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