DENVER, CO–(Marketwired)–Guaranty Bank and Trust Company, a Colorado-based community bank and wholly-owned subsidiary of Guaranty Bancorp (GBNK), today announced that it has completed the previously announced asset purchase agreement with privately held Private Capital Management, Inc. Private Capital Management is now a division of Guaranty Bank and Trust’s Wealth Management Group.
Founded by industry veteran, Thomas E. Meade, Private Capital Management is a Denver-based firm that has been serving the financial planning and investment management needs of wealthy individuals and families across the United States for over a decade. This powerful combination of two Colorado-based companies will provide unparalleled financial services expertise to both individuals and businesses.
“The combination of Guaranty Bank and Trust’s extensive banking products, local commitment and Front Range branch network with Private Capital Management’s wealth management expertise and proprietary quantitative investment process further enhances our existing wealth management practice as we continue to assist individuals and businesses looking for a Colorado-based partner to help them achieve their financial goals,” said Paul W. Taylor, Chief Executive Officer of Guaranty Bank and Trust.
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