Guaranty Capital in Belzoni, Miss., has agreed to buy Lafayette Bancorp in Oxford, Miss.
The $2.3 billion-asset Guaranty said in a press release that it expects to complete its purchase of the $245 million-asset parent of Oxford University Bank in the first quarter. The price wasn’t disclosed.
“We are pleased to partner with Oxford University Bank, a well-respected bank serving the Oxford and Pontotoc communities,” Hue Townsend, Guaranty’s president and CEO, said in the release. “Our shared values, centered on delivering a community bank experience, allows us to leverage our collective strengths and resources to provide even greater support and opportunities.”
Guaranty was advised by Keefe, Bruyette & Woods and Hunton Andrews Kurth. Lafayette was advised by Olsen Palmer and Butler Snow.