At Guaranty Bond Bank, we know benefits aren't about money—they're about improving our employees' lives and providing them with peace of mind. We've designed a competitive benefits package with our employees' security and future growth in mind. By offering comprehensive benefits, we hope to alleviate some of life's pressures and let our employees focus on business, careers, and personal growth. Our benefits include:
Medical and Dental Insurance
Eligible employees and dependents may participate in our medical and dental plans upon the first of the month following 30 days of service.
The Bank offers an affordable voluntary vision plan for employees who desire this type of coverage.
Flexible Spending Account (FSA)
A tax-deferred spending account is available for medical and childcare expenses.
Guaranty Bond Bank provides Group Life and Accidental Death and Dismemberment insurance coverage for its full-time employees. The life insurance benefit is payable at 3 times the employee’s annual earnings at the time of the event, up to a maximum of $500,000. The Bank also offers an affordable voluntary life insurance plan for employees who desire more coverage.
Guaranty Bond Bank provides long-term disability insurance coverage for its full-time employees. In the event you become disabled from a non work-related injury or sickness, benefits may be payable after the employee has been unable to work for 180 days. The Bank also offers an affordable voluntary short-term disability insurance plan for employees who desire more coverage.
Critical Illness Insurance
The Bank offers an affordable voluntary critical illness plan for employees who desire this type of coverage.
Fitness Center Savings / 5K Events
Guaranty Bond Bank will pay 50% of employee fitness center membership, up to $20 per month. The Bank will also pay the entry fee to participate in any local area 5K run event for the first ten employees that sign up to run.
Annual Health Evaluations / Flu Shots
Employees and spouses covered under the medical plan receive free health screening evaluations each year. In addition, employees and their spouses receive free flu shots every year.
Eligible employees may make pre-tax contributions to a 401(k) plan. The bank will match up to 4% of the employee’s contributions. At the discretion of the Board of Directors an additional contribution may be made at the end of each year based on the Bank’s earnings.
The Bank offers 10 paid holidays per year based on the Federal Reserve Bank’s schedule.
Employees will receive 1 to 4 weeks of vacation annually based on their hire date, exempt status, length of service, and officer title.
Employees will receive an additional vacation day on their birthday.
Full-time employees will receive 5 sick days annually and may accumulate unused sick days, up to a maximum of 60 days, for use in future years.
Employee Benefit Fund
The Employee Benefit Fund was established in 2001 through the generous support of Guaranty Bond Bank employees. The primary purpose of this fund is to provide financial support for temporary hardships of employees and their families. It also provides for care packages and flowers to be sent to employees and their family members during hospital stays or funerals. Since the establishment of this fund over $120,000 in financial assistance, care packages, and/or flowers has been given to over 500 employees.
The Bank awards a bonus that is paid twice a year to all eligible employees based on the attainment of Bank performance goals set annually by the Board of Directors.
Eligible employees will be reimbursed up to 75% of the costs for books and tuition for successfully completing classes taken toward a degree.
Various discounts or complimentary products and services are available to Guaranty Bond Bank employees.
Identity Theft Protection
Guaranty Bond Bank provides an identity theft protection product to all employees at no cost.
We have made every effort to ensure this information is accurate. The actual documents and summary plan descriptions which govern our benefit plan are formal and complex and this type of summary can only present an overview of our benefit package. In the case of any conflict or omission between this information and the actual plan documents, the actual plan documents will prevail.
Guaranty Bond Bank, N.A.
Equal Housing Lender
© 2014 Guaranty Bancshares, Inc. All Rights Reserved