Guaranty Bank

By: EconomyWatch   Date: 9 September 2010

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An Introduction to Guaranty Bank:
Guaranty Bank is a part of the Guaranty Financial Services and is one of America's largest financial institutions engaged in providing quality financial services resulting into growth and development of the region. Guaranty Financial Services Co. in turn is an indirect stock-owned subsidiary of the Fortune 500 company Temple-Inland Inc. Besides providing a wide variety of products for consumers and businesses, it also specializes in lending to real estates. Guaranty Bank has an asset base of more than $16 billion and has a huge network of about 140 branches operating across Texas and California.
Services provided by Guaranty bank:
  • Checking Account- Guaranty Bank provides a bunch of checking accounts such as My Rewards Checking, Guaranty Check Free. Gold Rewards Banking, AirMiles Checking, Dallas Mavericks Checking etc. An AirMiles Checking Account has special benefits. The account holder earns 2,000 AAdvantage miles on opening a new AirMiles Account. An extra 1,000 AAdvantage miles can be earned by activating direct deposit. The account holder earns interest on his deposits and offers first 50 checks at no additional cost.
  • Savings Account- the savings accounts provided by Guaranty Bank offers comprehensive services like Certificates of Deposit(CD), Money Market Savings Gold, Statement Savings etc. JumpUp CDs, Liquidity Reserve CDsand CD Account Registry Service(CDARS) are the various types of CD services available from Guaranty Bank
  • Loans- Guaranty Bank has an excellent lending service. Its lending activities range from mortgage loans to community development loans and small business loans. HOPE 97 and HOPE 100 are the important initiatives to provide mortgage loans to low and moderate income families.
  • Credit Cards- Guaranty bank in association with American Express offers an array of benefits such as American Express Credit Cards, Blue Cash and American Express Preferred Rewards Gold Card.
  • Investment- the investments of Guaranty Bank are diversified. It provides it's investors to choose from a broad range of investment products ranging from mortgage-back securities investment in institutions that are involved in community development and assist low and moderate income families. It also involves in local bond programs which enables people belonging to low and middle income income groups to buy and own a house.
Reasons for favoring Guaranty Bank:
  • The Office of Thrift Supervision(OTS) gave a rating of 'outstanding' to the lending level and investments of Guaranty Bank. This rating is based on the standards of Community Reinvestment Act(CRA).
  • Besides providing banking services Guaranty Bank also indulges in corporate social responsibility. It supports a number of non-profit organizations such as American Diabetes Association, YMCA, Houston Police Activities etc. by providing the necessary resources. So transacting with it provides an opportunity to serve the community.
  • It participates in revolving line of credit with a number of house builders such as Choice homes, Gehan Homes, Gaines Ranch etc. This aids in offering loans to first-time home buyers.

Guaranty Bank unambiguously provides competitive products and services aimed at serving the needy people.


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