Guaranty Bond Bank to Host
Centennial Celebration, Sunday, January 20th

 

 

100 YEARS OF
GUARANTY BOND BANK

 

Our 100-year heritage began in 1913 with a Department of
State Charter to “The Guaranty State Bank”. The original
facility for Guaranty State Bank was located on the south
side of the Titus County Courthouse Square in the Whitt
Building. Over the years, all aspects of the bank have been
refined, including name changes to “Guaranty Bond State
Bank” in 1927, “Guaranty Bank” in 1981, and “Guaranty
Bond Bank” in 2002.

Our lineage has been shaped and colored by many events
over the last century such as stock market crashes, the
Great Depression, and world wars. The perpetuation of our
institution through historically difficult times is evident in our
unwavering dedication to our customers and conservative
principles. Likewise, it also emulates the great customers
that we have served. From our inception with an initial
capital investment of $50,000 to the more than $1 Billion in
total assets today, our desire to continue to provide a strong
and stable institution to our customers is as prominent as
ever.

Years of growth have facilitated the opportunity to expand.
We relocated our flagship bank to its current location in
downtown Mt. Pleasant in 1983. Over the last decade, we
have experienced additional growth and expansion across
east Texas.

The achievement of longevity for our bank is not only a
measure of success as a financial institution, but also a
measure of successful years of service. At Guaranty Bond
Bank, each community we serve is highly valued. Our
locations are staffed with individuals that wish to see their
communities prosper, which is apparent through the 100
years of involvement we have had in civic organizations,
local boards, and charities.

We would like to thank our customers—past, present, and
future—for giving us the opportunity to assist you with your
financial needs. Looking onward, our history of continuity
is proof that we will strive to remain institutionally sound
while offering the foremost products and services to our
customers to improve their financial well-being.

1913
On January 20, 1913, the Texas Department of Banking
issued a bank charter to The Guaranty State Bank,
located in Mt. Pleasant, Texas.
E. L. Lilienstern is President of The Guaranty State Bank
from 1913 - 1945.
The original facility was located on the south side of the
Titus County Courthouse in the Whitt Building.
The Guaranty State Bank is relocated to the Vogue Shoppe
on 209 North Jefferson and then later to 212 North
Jefferson.
eThe Federal Reserve Act establishes the creation of the
Federal Reserve System, the central banking system for
The United States of America.

1917
eThe United States enters World War I.
1927
January 27, “The Guaranty State Bank” changes its name
to “Guaranty Bond State Bank”.
1929
eThe Dow Jones Industrial Average plummets a record 68
points over a two-day period, setting off the Wall Street
Crash of 1929 and triggering the Great Depression.

1930
Guaranty Bond State Bank has $454,870 in deposits.
1932
eFord’s Model B is introduced to the public, revolutionizing
transportation for the general public.
1933
eRoosevelt pushes for Relief, Recovery, & Reform through
The New Deal.
1934
e Extreme drought causes major Ecological and Agricultural
damage to the Great Plains resulting in the Dust Bowl.
1939
Guaranty Bond State Bank has $590,822 in deposits and
$758,898 in assets.
e World War II begins with the invasion of Poland by Nazi
Germany.

1940
Guaranty Bond State Bank has $686,970 in deposits.
1941
eThe bombing of Pearl Harbor results in The United States
entering World War II.
1945
Guaranty Bond State Bank has $1,759,959 in deposits and
$1,821,659 in assets.
e World War II ends and our troops return home.
R.F. Lindsay is named President of Guaranty Bond State
Bank in 1945.
E. L. Riddle is named President of Guaranty Bond State
Bank from 1945-1946.
1946
C.E. Lee is named President of Guaranty Bond State Bank
from 1946 – 1967.

1950
Guaranty Bond State Bank has $1,940,854 in deposits and
$2,554,909 in assets.
1951
eColor TV’s are first introduced to the public.
1954
Guaranty Bond State Bank is relocated to 109 West First
Street.
1955
Guaranty Bond State Bank has $3,246,912 in deposits and
$3,767,527 in assets.
eThe Vietnam War begins.
1957
Guaranty Bond State Bank sets up additional services,
including a night depository, conference rooms available
for customers to hold business consultations, safe deposit
boxes with a friendly staff.
1959
eAlaska and Hawaii become the 49th and 50th states.

1960
Guaranty Bank has $4,467,656 in deposits and $4,838,642
in assets.
1961
eThe United States becomes involved in the Vietnam War.
Guaranty Bond State Bank President, C.E. Lee, announces
$225,000 addition to enlarge and remodel the bank,
including doubling the space, adding new front, back, and
drive in banking windows, a completely resurfaced
parking lot, wired music, and a second night depository.
1962
The remodel of the bank is completed in March, expanding
the bank eastward to the Anderson Furniture Company
building.
In addition to the remodel, an Electronic Bookkeeping
Automation system is installed with National Cash Register
POST-TRONIC. A telephone system is installed, allowing
customers to dial into the bank without receiving a busy
signal and employees to dial one another within the bank.
1963
Guaranty Bond State Bank celebrates its 50th anniversary.
1965
Guaranty Bond State Bank has $8,044,276 in deposits and
$8,975,595 in assets.
1967
Charles A. Tucker is named President of Guaranty Bond
State Bank from 1967-1968.
1968
Guaranty Bond State Bank remodels further eastward to
North Jefferson Street.
Guaranty Bond State Bank begins featuring annually
a “Woman of the Year” with the Daily Tribune Newspaper
from 1968 – 1988.
A.C. Anderson is named President of Guaranty Bond State
Bank from 1968-1969.
1969
Bill G. Jones joins Guaranty Bond State Bank and is named
President from 1969-1979.
Bill G. Jones is promoted to Chief Executive Officer in
addition to being the bank President.
Guaranty Bond State Bank begins offering the first credit
card: Bank Americard Credit Cards, headed by Jonice
Crane.
Expansions of the bank include a new Community Room
which is completed and celebrated with an Open House.
Guaranty Bond State Bank installs a time and temperature
sign in downtown Mt. Pleasant.

1970
Guaranty Bond State Bank has $13.5 Million in deposits
and $15.0 Million in assets.
Guaranty Bond State Bank hosts an Open House to unveil
the newly remodeled banking facility, the computer
system and new electronic data processing.
Art Scharlach, Jr. joins the bank as Vice President.
1971
Guaranty Bond State Bank converts from a manual
processing system to fully automated computer system to
process bank loans and deposits of the bank.
Guaranty Bond State Bank’s begins Women in Business
Advertisement.
1972
Guaranty Bond State Bank adds five drive-thru lanes, for a
modern drive-in facility.
1974
Guaranty Bond State Bank purchases adjoining land south
and west of the bank, equipping it for another expansion.
1975
Guaranty Bond State Bank has $29 Million in deposits and
$32.2 Million in assets.
eThe Vietnam War ends and troops return home.
1978
Guaranty Bond State Bank completes the expansion which
allows for additional offices, four additional teller stations,
an area for bookkeeping, cashier, employee lounge,and
the accounting department. The old building is remodeled
to provide space for new loan offices, new accounts, note &
credit departments.
1979
Guaranty Bond State Bank’s open house at The Giant G
highlights the increased space for faster service and more
convenient banking. Full Services include: Opening
Checking & Savings accounts, setting up Visa &
MasterCard charge cards, preparing & renewing certificates
of deposits, handling our Survivors Optional Service (SOS)
Program, Preparing KEOGH & IRA retirement programs.
Guaranty Bond State Bank adds Trust Services to the bank.
Bill G. Jones is named Chairman of the Board and Chief
Executive Officer of the bank.
Art Scharlach, Jr. is named President of Guaranty Bond
State Bank from 1979 - 2002.

1980
Guaranty Bond State Bank has $54.9 Million in deposits
and $62.2 Million in assets.
Guaranty Bond State Bank starts a holding company,
Guaranty Bancshares, naming Jerry Jones as its Chairman
of the Board. Guaranty Bond State Bank and Talco State
Bank are now owned by the same parent company.
1981
Guaranty Bond State Bank changes its name to Guaranty
Bank.
Guaranty Bank begins its first Memorial Day Golf
Tournament.
1982
The groundbreaking at 100 West Arkansas Street.
The entire bank is moved to its new home, one block
south, to 100 West Arkansas Street.
1983
The Grand Opening celebration for the new location is on
March 27.
Art Scharlach, Jr. is promoted to Chief Operating Officer, in
addition to being the Bank President.
1984
Guaranty Bank begins a joint venture called Computer
SIGNET to incorporate a central information file system,
data processing center in-house.
1985
Guaranty Bank has $130.6 Million in deposits and $144.5
Million in assets.
1988
Guaranty Bank celebrates its 75th anniversary.

1990
Guaranty Bank has $129.5 Million in deposits and $140.4
Millioin in assets.
1991
eThe World Wide Web is publicly debuted as the Internet
service.
1992
Once branching becomes legal, Guaranty Bank expands
into Deport, Bogata and Paris. Location President of Deport
is Virgil Jones. Location President of Paris is Kirk Lee.
1993
Jonice Crane is honored with 50 years of service to
Guaranty Bank.
The Bogata location opens with Billy Bangs named as
President.
Virgil Jones Kirk Lee
1994
The Paris location celebrates its Grand Opening after
construction of its new bank facility.
1995
Guaranty Bank has 159.2 Million in deposits and 174.7
Million in assets.
Guaranty Bank expands technology to include check
imaging.
Guaranty Bank is ranked No. 1 in the state for Small
Business Loans.
1996
Guaranty Bank celebrates the opening of its second
location in Mt. Pleasant.
Joe Rose is named location President of Guaranty Bank
Bogata.
Guaranty Bank receives a perfect score from the Small
Business Administration.
1997
Talco Bank merges with Guaranty Bank and Virgil Jones is
named location President.
Bill G. Jones retires from Guaranty Bank but continues
to serve on the boards of Guaranty Bank & Guaranty
Bancshares.
Guaranty Bank expands into Texarkana with Ty Abston
named as President of the St. Michael location.
1998
Guaranty Bank’s parent company, Guaranty Bancshares,
becomes publicly traded on the NASDAQ Exchange under
the trading symbol “GNTY” and 350,000 new shares are
issued. Total bank assets are $244 Million in assets.
1999
Mike Cross is named Texarkana President of Guaranty
Bank.
Guaranty Bank expands into Pittsburg, Sulphur Springs,
and Commerce. Location Presidents are Bruce T. Harwell
of Pittsburg, Rusty Jones of Sulphur Springs, and Bob
Clark of Commerce.
Guaranty Bank coins the phrase, “The Relationship is the
Key”.

2000
Martin Bell is named location President Sulphur Springs.
Guaranty Bank expands its services to include online
banking and bill pay.
2001
Guaranty Bank has $383.2 Million in deposits and $460.5
Million in assets.
Travis Mauldin is named location President in Texarkana.
Guaranty Bank expands into Ft. Stockton and names Bart
Scharlach location President.
eThe United States declares war in Afghanistan after
hijacked airplanes crash into the twin towers of the World
Trade Center and the Pentagon.
2002
Ty Abston is promoted to President, Art Scharlach, Jr. is
named Chairman of the Board and Chief Executive Officer,
and Bill G. Jones is named Vice Chairman.
Jim Richmond is named location President of Guaranty
Bank Paris.
Guaranty Bank changes its name to Guaranty Bond Bank.
2003
Guaranty Bond Bank’s technology increases to offer
customers E-statements with check imaging.
2004
The Deport location of Guaranty Bond Bank closes.
Guaranty Bond Bank expands in Mt.Vernon and names
Craig Roberts as location President.
Guaranty Bond Bank opens an additional location in
Texarkana at West 7th street.
2005
Guaranty Bond Bank has $468.4 Million in deposits and
$567.8 Million in assets.
Guaranty Bond Bank’s parent company, Guaranty
Bancshares, files paperwork with the SEC to delist and is
no longer a publicly traded company.
Tanis Hager is named location President of Guaranty Bond
Bank Paris.
Art Scharlach, Jr. retires as Chief Executive Officer but
remains as Chairman of Guaranty Bancshares.
Ty Abston is named Chief Executive Officer, in addition
to serving as Bank President.
Guaranty Bond Bank of Mt. Vernon moves into its
permanent location with Virgil Jones named as location
President.
Craig Roberts is named location President of Guaranty
Bond Bank Sulphur Springs.
Kendal Burns is named location President for Guaranty
Bond Bank Pittsburg.
2008
Guaranty Bond Bank has $556.8 Million in deposits and
$706.1 Million in assets.
eThe Financial Crisis of 2008 begins, resulting in plummeting
stock market and prolonged unemployment; considered the
worst financial crisis since The Great Depression.
Guaranty Bond Bank chooses to close its Talco location.
2009
Robert Irwin is named location President of Guaranty Bond
Bank Texarkana.
Guaranty Bond Bank expands into New Boston with Travis
Mauldin named location President.
Joel Jackson is named location President of Guaranty Bond
Bank Mt. Vernon.

2010
Texas Monthly Magazine names Guaranty Bond Bank as
one of the Best 100 Companies to Work for in Texas.
Guaranty Bond Bank expands further in Texarkana by
opening the Richmond Road Drive-Thru facility and the
North Kings Highway location.
Kenny Dority is named location President of Guaranty Bond
Bank Paris.
Cappy Payne is named Senior Executive Vice President/
Chief Financial Officer.
Guaranty Bond Bank introduces Email marketing and
makes its debut into Social Media with Facebook
and Twitter.
2011
For the second consecutive year, Texas Monthly
Magazine names Guaranty Bond Bank as one of the Best
10 Companies to Work for in Texas.
Guaranty Bond Bank announces the promotion of President
& CEO, Ty Abston, to Chairman of the Board and the
promotion of Kirk Lee to President.
Matt Brown is named location President for Guaranty Bond
Bank Commerce.
Guaranty Bond Bank celebrates surpassing $1 Billion in
assets.
Guaranty Bond Bank expands into Atlanta, with Kenny
Hamilton named as location President, and opens an
additional location in Texarkana on Cowhorn Creek Road.
Kenny Dority Cappy Payne
Ty Abston Kirk Lee
Guaranty Bond Bank sells Ft. Stockton location to West
Texas State Bank.
2012
Guaranty Bond Bank makes $3 Million investment to
convert to a new core computer system to manage future
growth.
For the third consecutive year, Texas Monthly Magazine
names Guaranty Bond Bank as one of the Best 100
Companies to Work for in Texas.
GB Financial is renamed to Guaranty Trust & Wealth
Management.
Guaranty Bond Bank is approved by the OCC to become a
national bank, adding N.A. to its name.
In October, Guaranty Bond Bank purchases land in
Longview to expand into Gregg County.
Construction of an additional location in Paris begins.
The renovations and additions of Texarkana St. Michael are
complete, adding 10,000 square feet, state-of-the-art free
standing teller pods, coin counting machine, and deposit
accepting ATM.
Total bank assets reach $1.1 Billion with an additional
$250 Million assets under management with Guaranty Trust
& Wealth Management.
In December, Guaranty Bond Bank purchased land in
Texarkana, Arkansas to expand its services into Arkansas.
2013
For the fourth consecutive year, Texas Monthly Magazine
names Guaranty Bond Bank as one of the Best 100
Companies to Work for in Texas.
Guaranty Bond Bank celebrates its 100th
anniversary!

Guaranty Bond Bank, N.A. Member FDIC

 

Congratultions, Guaranty Bond Bank!!!

 

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