UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report:
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01. Regulation FD Disclosure.
On September 07, 2021, Guaranty Bancshares, Inc., the parent company of Guaranty Bank & Trust, N.A., announced that its bank subsidiary has formed a partnership with Caliber (CaliberCos Inc.), a vertically-integrated alternative asset manager and fund sponsor, in an effort to drive investments that will revitalize communities across Texas through real estate developments. A copy of the Press Release is attached as Exhibit 99.1.
In accordance with the General Instruction B.2 to Form 8-K, the information furnished in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, which is furnished herewith pursuant to and in connection with Item 7.01, will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information will not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filings.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following is furnished as an exhibit to this Current Report on Form 8-K:
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Description of Exhibit |
99.1 |
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Press Release dated September 07, 2021 announcing strategic partnership with Caliber |
104 |
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Cover Page Interactive File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 07, 2021
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GUARANTY BANCSHARES, INC. |
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By: |
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/s/ Tyson T. Abston |
Name: |
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Tyson T. Abston |
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Chairman of the Board and Chief Executive Officer |
Exhibit 99.1
Press Release
For Immediate Release
Guaranty Bank & Trust Forms Strategic Partnership with Caliber
Revitalizing Communities with the Community Reinvestment Act
Addison, Texas – September 7, 2021 / Business Wire / – Guaranty Bancshares, Inc., (NASDAQ: GNTY), the parent company of Guaranty Bank & Trust, N.A., today announced that its bank subsidiary has formed a partnership with Caliber (CaliberCos Inc.), a vertically-integrated alternative asset manager and fund sponsor, in an effort to drive investments that will revitalize communities across Texas through real estate developments.
Consistent with the goals of the Community Reinvestment Act (CRA), Guaranty and Caliber will provide increased affordable housing opportunities by investing in low and moderate income (LMI) neighborhoods. Guaranty is supplying Caliber with capital that Caliber will invest alongside its Caliber Tax-Advantaged Opportunity Zone Fund, LP – combining the Opportunity Zone tax incentive with community reinvestment.
“This is a transformative time in Caliber’s history,” stated John Hartman, Chief Investment Officer of Caliber. “As we expand our investment platform across private and public markets, we anticipate that our partnership with Guaranty will continue to evolve and grow in tandem with our initiatives to develop wealth for our investors and the communities we invest in.”
The capital structure consists of $50 million of total funds to deploy into qualified real estate developments. Caliber will manage the funds as a sidecar to its existing U.S.-based fund platform while focusing its efforts on Texas based markets, such as Austin, Bryan/College Station and Dallas, along with Guaranty. Further, Caliber will be tasked with sourcing appropriate developments, acquiring, and managing those developments, as well as reporting its progress to Guaranty.
Ty Abston, CEO of Guaranty stated, “We are proud to be partnering with Caliber to provide an attractive capital source that will fund Caliber’s initiatives to revitalize low and moderate income communities within the Austin, Bryan/College Station and Dallas markets through their dedicated opportunity zone funds and other real estate centric funds.”
ABOUT GUARANTY BANCSHARES, INC. and GUARANTY BANK & TRUST
Guaranty Bancshares, Inc. is a bank holding company that conducts commercial banking activities through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. As one of the oldest regional community banks in Texas, Guaranty Bank & Trust provides its customers with a full array of relationship-driven commercial and consumer banking products and services, as well as mortgage, trust, and wealth management services. Guaranty Bank & Trust has 31 banking locations across 24 Texas communities located within the East Texas, Dallas/Fort Worth, greater Houston and Central Texas regions of the state. As of June 30, 2021, Guaranty Bancshares, Inc. had total assets of $2.93 billion, total loans of $1.89 billion and total deposits of $2.53 billion. Visit gnty.com for more information.
ABOUT CALIBER
Caliber – the Wealth Development Company – is a middle-market alternative asset manager and fund sponsor with approximately $500 million in assets under management. The Company sponsors private funds, private syndications, as well as externally-managed real estate investment trusts (REITs). It conducts substantially all business through CaliberCos, Inc., a vertically integrated series of businesses that are strengthened by more than 70 professionals with decades of experience in commercial real estate, capital markets, alternative investments as well as mergers and acquisitions. The Company strives to build wealth for its investors by offering a diverse host of investment solutions that fit its investors’ optimal balance of risk-adjusted returns and attractive investment performance. Caliber primarily focuses on middle-market growth areas, such as Arizona, Colorado, Nevada, Texas, Utah, Idaho and Alaska. The Company assesses other markets that have similar supply and demand fundamentals with emerging population and job growth. Caliber delivers a full suite of alternative investments to a $4 trillion market that includes high net worth, accredited and qualified investors, as well as family offices and smaller institutions. This strategy allows the Company to opportunistically compete in an evolving middle-market arena for alternative investments that range between $5 million and $50 million on a per-project basis. Additional information can be found at www.CaliberCo.com and www.CaliberFunds.co.
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Guaranty Contact |
Cappy Payne Senior Executive Vice President & CFO Guaranty Bancshares, Inc. 1-888-572-9881 |
investors@gnty.com |
Caliber Contact |
Victoria Rotondo |
1-480-295-7600 |
Victoria.Rotondo@CaliberCo.com |
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Caliber Investor Contact |
Mary Jensen |
1-310-526-1707 |
Mary.Jensen@CaliberCo.com |
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Caliber Media Contact |
Susan Assadi |
1-480-510-4881 |
Susan.Assadi@gapr.biz |
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Document And Entity Information |
Sep. 07, 2021 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Sep. 07, 2021 |
Entity Registrant Name | GUARANTY BANCSHARES, INC. |
Entity Central Index Key | 0001058867 |
Entity Emerging Growth Company | true |
Entity File Number | 001-38087 |
Entity Incorporation, State or Country Code | TX |
Entity Tax Identification Number | 75-1656431 |
Entity Address, Address Line One | 16475 Dallas Parkway |
Entity Address, Address Line Two | Suite 600 |
Entity Address, City or Town | Addison |
Entity Address, State or Province | TX |
Entity Address, Postal Zip Code | 75001 |
City Area Code | 888 |
Local Phone Number | 572-9881 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Ex Transition Period | true |
Title of 12(b) Security | Common Stock, par value $1.00 per share |
Trading Symbol | GNTY |
Security Exchange Name | NASDAQ |