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Guaranty Bancorp Announces 2016 Second Quarter Financial Results (Guaranty Bancorp)

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(Source: Guaranty Bancorp) DENVER,CO -- (Marketwired) -- 07/20/16 -- Guaranty Bancorp (NASDAQ: GBNK) Previously announced merger of Home State Bancorp expected to close in the third quarter 2016 Successfully raised $40 million of subordinated debt at an initial rate of 5.75% Expanded quarterly operating return on average assets (ROAA) to 1.03% from 1.01% in the first quarter 2016; second quarter 2016 GAAP ROAA was 0.97%, compared to 0.94% in the first quarter 2016 Grew loans by 13.8% during the last twelve months Guaranty Bancorp (NASDAQ: GBNK)('we', 'our' or 'the Company'), a community bank holding company based in Colorado, today announced second quarter 2016 net income of $5.7 million, or...

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