Guaranty Bank Expands Into Northeast Mississippi
Guaranty Bank & Trust Company to Acquire First American National Bank
BELZONI, MS – Guaranty Capital Corporation, the holding company for Guaranty Bank & Trust
Company (“Guaranty Bank”), announced today that it has entered into a definitive agreement to
acquire First American Bancshares, Inc. and its banking subsidiary, First American National
Bank.
Founded in 1964, First American National Bank is a full-service bank with 11 locations,
strategically located across Northeast Mississippi with more than $384 million in total assets.
This transaction aligns with Guaranty Bank’s North Mississippi and West Tennessee footprint.
The combined company will have approximately $2.4 billion in assets with 36 branches across
Mississippi and Tennessee.
Hue Townsend, President and CEO of Guaranty Bank, commented, “As we embark on this
exciting partnership with First American National Bank, we remain committed to our core values
of community, high performance, and financial empowerment. Together, we build a foundation
that fosters growth and cultivates relationships by combining our expertise and resources. We
will shape a brighter financial landscape with a shared purpose and create opportunities that
propel us all toward a prosperous future.”
“We are excited about joining the Guaranty Bank team as their banking culture maintains the
principles all our customers are accustomed to for more than half a century,” said Tommy
Chamblee, CEO of First American National Bank. “With this partnership, our customers will
gain access to a wider array of product offerings and expand our geographic locations. The
combined strength of the banks will enhance our proven ability to grow and support
entrepreneurialism in our communities, while strengthening the benefits to our customers and
employees.”
The transaction has been approved by the Board of Directors of both companies. It remains
subject to customary shareholder and regulatory approvals and is expected to close in the
fourth quarter of 2023.
The Bank Advisory Group, LLC, and the Hunton Andrews Kurth LLP law firm advised Guaranty
Bank in the transaction. Gerrish Smith Tuck, Attorneys and Consultants served as First
American National Bank’s financial and legal advisor.
About Guaranty Bank & Trust Company
Locally owned and operating since 1943, Guaranty Bank delivers extraordinary service and
products to Mississippi and Tennessee. We live through our vision daily by providing a cuttingedge community bank experience through high performance, people development, and
communication. When we execute these pillars of our vision, we deliver an experience like no
other bank. Over the last few years, Guaranty Bank has shown exceptional growth by managing
risk while increasing capital above market rates. We are proud to be recognized by
BauerFinancial as a 5-Star bank for 24 consecutive quarters. This superior rating reflects our
substantial capital, adequate liquidity, high-asset quality, and good earnings. For more
information about Guaranty Bank visit www.gbtonline.com.
About First American National Bank
First American National Bank was founded in 1964 by Dr. Kelly and Martha Segars in Iuka,
Mississippi, where the headquarters continue to operate. From its inception, they have been
committed to promoting community growth, and continue to live by that commitment for five
decades. They are known for their dedication to quality, strength, and integrity. First American
National Bank continues to focus on each community’s needs and its citizens’ financial services
by providing stability and security without losing the personal touch. For additional information
on First American National Bank, please visit www.fanb.bank.