Denver-Based Guaranty Bancorp Closes Castle Rock Bank Holding Buy

Denver-Based Guaranty Bancorp Closes Castle Rock Bank Holding Buy

  • Posted: 10/29/2017
  • Castle Creek

By Leo Gatdula

Denver-based Guaranty Bancorp completed its acquisition of Castle Rock, Colo.-based Castle Rock Bank Holding Co. on Oct. 27 [according to a Form 8-K].

Guaranty issued a total of 840,639 common shares to Castle Rock stockholders pursuant to the deal. Based on Guaranty’s Oct. 27 closing stock price of $29.05 per share, merger consideration for each Castle Rock common share was calculated at $2,086.69.

On or about Dec. 4, Guaranty expects to complete the conversion of Castle Rock’s systems and to change its name.

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