Benefits

BENEFITS

At Guaranty Bank & Trust, we know benefits aren't about the money—they're about improving your life and providing you with peace of mind. That is why we offer a comprehensive benefits package to help alleviate some of life's pressures and let you focus your career. Our benefits include:

WELLNESS

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.

Health Savings Account (HSA)

A tax-advantage account that works with a high deductible health plan to help you pay for current and future qualified medical expenses.

Vision Insurance

The Bank offers an affordable voluntary vision plan for employees who desire this type of coverage.

Life Insurance

Guaranty Bank & Trust 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.

Short-Term Disability Insurance

The Bank offers an affordable short-term disability insurance for employees who desire this type of coverage.

Long-Term Disability Insurance

Guaranty Bank & Trust provides long-term disability insurance coverage for its full-time employees. In the event you become disabled from a nonwork-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 & Accident Insurance

The Bank offers an affordable voluntary critical illness and accident plan for employees who desire this type of coverage.

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.

RETIREMENT PLAN

Eligible employees may make pre-tax contributions to a 401(k) plan. The bank will match up to 5% 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.

WORK/LIFE BALANCE

Holidays

The Bank offers 10 paid holidays per year based on the Federal Reserve Bank’s schedule.

Vacation Days

Employees will receive 1 to 4 weeks of vacation annually based on their hire date, exempt status, the length of service, and officer title.

Birthday Day

Employees will receive an additional vacation day on their birthday.

Sick Days

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 Bank & Trust 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 $200,000 in financial assistance, care packages, and/or flowers has been given to over 750 employees.

ADDITIONAL BENEFITS

Bonus Programs

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.

Employee Discounts

Various discounts or complimentary products and services are available to Guaranty Bank & Trust employees.

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 benefits package. In the case of any conflict or omission between this information and the actual plan documents, the actual plan documents will prevail.