Getting your player ready...
Guaranty Bancorp reported Thursday that it would close two of its 36 Colorado branches in the second half of the year in a continuing effort to cut operating costs.
The bank, which has struggled with high overhead and bad real estate loans, plans to trim $6 million from its operating costs in coming quarters. Guaranty reported net income of $2 million in the second quarter, compared to a loss of $6.8 million in the same period a year earlier.
Guaranty didn’t disclose which branches would close or whether layoffs would occur.
