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.