The Guaranty State Bank & Trust Company had its beginnings during the days following the First World War. During the war times bank charters were easy to come by, and two new banks started business in Beloit. The result was five banks competing for business.
Before long it became evident that there was not enough business for five banks. As some loose practices, encouraged by the intense competition, had weakened the two new banks, it was decided to merge Mitchell County State Bank and the American State Bank.
This was done on January 23, 1922. The new bank opened under the name of The Guaranty State Bank. The new bank had taken over the charter of the Mitchell County State Bank and occupied the building acquired from that bank across the street north of its present location.
Two mergers figured in the history of The Guaranty State Bank. On February 29, 1928, the bank assumed the deposits of the Mitchell County Farmers Union Bank which had opened April 16, 1927. After the "Bank Holiday" in 1933 the deposits of the Beloit State Bank were also acquired.
Guaranty State Bank offers a variety of C.D.'s at The Guaranty. You can invest in a Guaranty State Bank C.D. for as little as 1 month or as long as 60 months. Because the bank is locally owned and managed, loan staff can quickly and promptly give you answers to your financial questions and needs. Guaranty State Bank can customize the financial terms and arrangements to fit your individual situation.
Beloit
201 S. Mill Street
Beloit, Kansas 67420
785-738-3501
Fax: 785-738-3530
Toll Free: 888-738-8000
Burr oak
121 S. Main Street
Burr Oak, Kansas 66936
785-647-6621
Fax: 785-647-6631
Esbon
501 Grand Avenue
P.O. Box 167
Esbon, Kansas 66941
785-725-3663
Fax: 785-725-3002
Jewell
120 S. Washington Street
Jewell, Kansas 66949
785-428-3241
Fax: 785-428-3614
