Guaranty Bancorp to redeem all of its 10.6%, 10.2% trust preferreds

By Tali David

Minneapolis, Jan. 4 - Guaranty Bancorp plans to redeem all $10 million of its 10.6% CenBank Statutory Trust Capital I trust preferred securities and all $5 million of its 10.2% CenBank Statutory Trust Capital II trust preferreds, according to a filing with the Securities and Exchange Commission.

The 10.6% securities will be redeemed at 104.24 plus accrued distributions on March 7 and the 10.2% securities will be redeemed at 104.08 plus accrued distributions on Feb. 22.

The redemptions will be funded with available cash.

Denver-based Guaranty Bancorp is the holding company for Guaranty Bank and Trust Co.

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