Lafayette Bancorp, Inc. (“Lafayette”), the holding company of Oxford University Bank, and Guaranty Capital Corporation (“Guaranty”), the holding company of Guaranty Bank & Trust Company (“Guaranty Bank”), announced Guaranty has acquired Lafayette.
Olsen Palmer LLC served as financial advisor to Lafayette Bancorp, Inc. in conjunction with this transaction.
With completion of the transaction, Oxford University Bank will become a wholly owned subsidiary of Guaranty. Guaranty expects to merge Oxford University Bank with and into Guaranty Bank, with Guaranty Bank surviving.
Founded in 2000, Lafayette had total assets exceeding $240 million and three locations across 2 counties as of December 31, 2023. Post-acquisition, the combined companies have approximately $2.7 billion in assets with 41 branches.
Butler Snow served as legal advisor to Lafayette and Hunton Andrews Kurth served as legal advisor to Guaranty.