Guaranty Bank & Trust to Open Fort Worth Location

8/18/17

MOUNT PLEASANT, Texas, Aug. 17, 2017 (GLOBE NEWSWIRE) -- Guaranty Bancshares, Inc., (NASDAQ:GNTY), the parent company of Guaranty Bank & Trust, N.A., today announced the bank will be expanding into the Fort Worth market. The bank will initially open a loan production office in Fort Worth, although it intends to file an application with the Office of the Comptroller of the Currency for approval to convert the location into a full-service banking location.

Casey Tibbets will serve as President of Guaranty’s new Fort Worth location. Mr. Tibbets joins Guaranty with over 12 years of banking experience in the Fort Worth area. He has built relationships across multiple lines of business through his extensive experience in commercial banking, real estate lending, and personal banking. In addition, Mr. Tibbets has also been active in the organization, underwriting and administration of loans made to various Tarrant County businesses under the Small Business Administration 504 Program.

Ty Abston, Chairman of the Board and Chief Executive Officer, stated, “We are excited to have Casey join the Guaranty team and to lead our expansion efforts in Fort Worth and Tarrant County. Casey has valuable experience and strong relationships in Tarrant County, which we believe provides a strong foundation to execute Guaranty’s proven banking model in this market. We are entering the Fort Worth and Tarrant County market as part of a long-term strategy for our company and look forward to becoming a part of the community.”

Mr. Tibbets received his Bachelor of Science degree in Business Marketing from Trinity University where he played Division III football for the Trinity Tigers. He is active in various civic and charitable organizations in Fort Worth and Tarrant County. He has served as Board Chair of the Westside YMCA multiple times and assisted in various fundraising projects in the market, including projects for Habitat for Humanity and The Cancer Project.

Mr. Tibbets added, “I am very excited to join the Guaranty team and help build the Guaranty brand in Fort Worth and Tarrant County. We have an amazing opportunity to introduce local businesses and individuals in this market to a community bank model that is based on building personal relationships with our customers. We realize our success is directly tied the success of our customers. We will work hard to add value to our customer’s financial well-being.”

About Guaranty Bancshares

Guaranty Bancshares, Inc. is a bank holding company that conducts commercial banking activities through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. As one of the oldest regional community banks in Texas, Guaranty Bank & Trust provides its customers with a full array of relationship-driven commercial and consumer banking products and services, as well as mortgage, trust, and wealth management products and services. Guaranty Bank & Trust has 26 banking locations across 18 Texas communities located within the East Texas, Dallas/Fort Worth Metroplex and Central Texas regions of the state. As of June 30, 2017, Guaranty had total assets of $1.9 billion, total loans of $1.3 billion and total deposits of $1.6 billion. Visit www.gnty.com for more information.

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