Guaranty Bank and Trust Acquires Cherry Hills

July 18, 2014

Denver-based Guaranty Bank and Trust Company announced on July 16, 2014 that it had purchased Cherry Hills Investment Advisors, LLC for an undisclosed sum.


Denver, Colorado-based Guaranty Bank and Trust Company announced on July 16, 2014 that it had purchased Greenwood Village, Colorado-based Cherry Hills Investment Advisors, LLC.  Guaranty Bank and Trust Company, a wholly-owned subsidiary of Guaranty Bancorp (NASDAQ: GBNK) with approximately $2.0 billion in assets, provides banking and other financial services throughout Colorado to consumers and small to medium sized-businesses.  Cherry Hills, which provides investment management and financial planning services to individuals and families, will become a subsidiary within Guaranty’s Wealth Management Group. After the transaction, Cherry Hills will retain all of its employees and its current location in Greenwood Village and there will be no change to its investment or financial planning process.  Financial terms of the transaction were not disclosed.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions