Guaranty Bancorp completed its acquisition of Castle Rock Bank Holding Co., aiming to expand its market presence and service offerings in Colorado.

Information on the Target

Guaranty Bancorp has successfully acquired Castle Rock Bank Holding Co., based in Castle Rock, Colorado. This deal was finalized on October 27, as detailed in a Form 8-K. Castle Rock Bank Holding Co. plays a significant role in the regional banking landscape, serving both individual and business clients with a range of financial services.

As part of the acquisition, Guaranty Bancorp issued a total of 840,639 common shares to Castle Rock stockholders. The total merger consideration was based on Guaranty's closing stock price on the day of the transaction, amounting to $29.05 per share, which equates to $2,086.69 for each common share of Castle Rock.

Industry Overview in Castle Rock, Colorado

The banking industry in Castle Rock, Colorado, has seen considerable growth over the past few years, driven by a robust local economy and an expanding population. The area is ch