Published On: August 27, 2020

Guaranty Bank & Trust Lays the Foundation for Lasting Roots in Grenada

Local Mississippi bank brand reinvests in community by developing and upgrading land for new branch location

Grenada, MS – Wednesday, August 5, 2020 – Citizens of Grenada are noticing some big changes along Sunset drive. The ground is moving to make way for a beautiful new branch for Guaranty Bank & Trust Company on a plot of land previously unusable for local businesses in the area.

The bank is showing its commitment to the Grenada community by taking on the monumental task of building what will become a new business corridor for Grenada. Working with MDOT and local officials, Guaranty Bank is investing in developing the land in a location previously known primarily for its tree cover and runoff.

Guaranty Bank’s CEO Hue Townsend says, “Since opening our doors in the fall of 2016, the Grenada community has been good to us. So good, that we need more space to serve our customers than our current retail location has to offer. We are getting creative with our new build-out and will be able to provide the latest in banking technology to each of you.”

Choosing a property that needed a lot of investment took a lot of foresight. President Brad Branscome says, “We’re bringing more than a bank branch to the location. We’re investing in the Grenada community for today and for tomorrow. By solving some long-standing drainage issues, we’re developing land that will be usable and available for future business growth.”

This is a good news story for Grenada. Not only will the land pave the way for future business, the construction is an economic boon to Grenada in these challenging times. Branscome says, “From the project engineer to site contractor, businesses to building contractor, everyone working to make this branch a reality are local to the Grenada community. All investment dollars for this project are staying right here at home.”

Building construction is expected to begin mid-August with a branch opening slated for the spring of 2021.

About Guaranty Founded in 1943, Guaranty Bank is a locally owned and operated financial services provider to Mississippi and the surrounding areas. With more than 20 branches, the bank has grown from humble beginnings to offer high-level consultation and a comprehensive suite of banking products and services, rivaling even the biggest of banks. Guaranty Bank demonstrates its commitment to the communities it serves through economic development activities and the meaningful actions and involvement of its employees.

Press Contact:
Myra Dunlap
Senior Vice President
Phone  662-247-1454

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