Jeff Davis Bancshares Inc. (OTCPK:JDVB) agreed to acquire Guaranty Capital Corporation (Mamou, LA) in cash on October 12, 2012. Jeff Davis Bancshares Inc. signed a definitive agreement to acquire Guaranty Capital Corporation (Mamou, LA) on October 15, 2012. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of Guaranty Capital Corporation's shareholders.

Boards of Directors of Jeff Davis and Guaranty Capital have approved the transaction. The deal is expected to close in the fourth quarter of 2012. Sandler O'Neill acted as financial advisor for Jeff Davis Bancshares.