Guaranty Bancshares, Inc. announced the record date for a conditional special cash dividend on its common stock.
The dividend is contingent upon the Company's Closing Capital exceeding the specified requirements outlined in the Merger Agreement with Glacier Bancorp, Inc.
The final amount and payment of the Special Dividend are subject to the Company and GBCI reaching an agreement on the Closing Capital.
Conditional Special Cash Dividend
The Board of Directors set September 19, 2025, as the record date for a conditional special cash dividend on common stock.
Merger Agreement with GBCI
The Company entered into a Merger Agreement with Glacier Bancorp, Inc., subject to certain conditions for the merger to take place.
Guaranty Bancshares Profile
Guaranty Bancshares is the parent company of Guaranty Bank & Trust, N.A., with a significant presence in Texas.
Closing Capital Requirement
The Special Dividend will be paid if the GNTY Closing Capital exceeds $292,199,000 plus additional capital from stock options post-March 31, 2025.
Forward-Looking Statements
The communication included forward-looking statements related to the potential benefits and risks of the business combination involving Guaranty Bancshares and GBCI.
- The announcement reflects the Company's strategic financial decision to reward shareholders with a special cash dividend.
- The pending merger with Glacier Bancorp, Inc. adds a layer of complexity to the Company's financial transactions, highlighting the importance of meeting the Closing Capital Requirement.
- Shareholders are eagerly awaiting the final decision on the Special Dividend, which hinges on the successful completion of the Merger Agreement and determination of Closing Capital.
The upcoming Special Dividend announcement and the ongoing merger discussions with GBCI demonstrate Guaranty Bancshares' commitment to creating value for its shareholders amid a transformative period in the Company's history.