0001058867-17-000022.txt : 20170825 0001058867-17-000022.hdr.sgml : 20170825 20170824175403 ACCESSION NUMBER: 0001058867-17-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170824 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170825 DATE AS OF CHANGE: 20170824 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GUARANTY BANCSHARES INC /TX/ CENTRAL INDEX KEY: 0001058867 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 751656431 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38087 FILM NUMBER: 171050101 BUSINESS ADDRESS: STREET 1: 201 SOUTH JEFFERSON AVENUE CITY: MOUNT PLEASANT STATE: TX ZIP: 75455 BUSINESS PHONE: 9035729881 MAIL ADDRESS: STREET 1: 201 SOUTH JEFFERSON AVENUE CITY: MOUNT PLEASANT STATE: TX ZIP: 75455 8-K 1 gnty-form8xkexpandtoaustin.htm 8-K Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________________

FORM 8-K
________________________

CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
August 24, 2017
GUARANTY BANCSHARES, INC.
(Exact Name of Registrant as Specified in Charter)
________________________
 
Texas
001-38087
75-1656431
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
201 South Jefferson Avenue
Mount Pleasant, Texas 75455
(Address of principal executive offices) (Zip code)
(903) 572 - 9881
Registrant’s telephone number, including area code:
Not Applicable
(Former name or former address, if changed since last report)
________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.








Item 8.01. Other Events.
On August 24, 2017, Guaranty Bancshares, Inc., the parent company of Guaranty Bank & Trust, N.A. (the “Bank”), issued a press release announcing the Bank’s expansion into the Austin market.
A copy of the press release announcing the opening of the Bank's Austin location is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following is furnished as an exhibit to this Current Report on Form 8-K.
Exhibit No.
Description of Exhibit
Exhibit 99.1
Press Release dated August 24, 2017








SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: August 24, 2017
GUARANTY BANCSHARES, INC.
By:     /s/ Tyson T. Abston            
Tyson T. Abston
Chairman of the Board and
Chief Executive Officer







EXHIBIT INDEX

Exhibit No.
Description of Exhibit
Exhibit 99.1
Press Release dated August 24, 2017



EX-99.1 2 exhibit991-expansiontoaust.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1

Press Release
For Immediate Release

Guaranty Bank & Trust to Open
Austin Location
Travis Brown to Serve as President

MOUNT PLEASANT, Texas, August 24, 2017 / GlobeNewswire/ -- Guaranty Bancshares, Inc., (NASDAQ: GNTY), the parent company of Guaranty Bank & Trust, N.A., today announced the bank will be expanding into the Austin market. The bank will initially open a loan production office and then immediately file an application with the Office of the Comptroller of the Currency for approval to convert the location into a full-service banking location.

Travis Brown will serve as President of Guaranty’s new Austin location. Mr. Brown joins Guaranty with over 12 years of commercial banking experience in the Austin market. He is an Austin native and his family has been in Austin for over 50 years. He has successfully built strong relationships with commercial clients throughout his banking career, with extensive knowledge of the market. Mr. Brown has expertise in corporate banking and commercial real estate, business and development loans, and he has built strong customer relationships with local business owners and real estate investors.

Ty Abston, Chairman of the Board and Chief Executive Officer, stated, “We are excited to have Travis lead our expansion efforts in Austin. Travis has the local experience and relationships that will help us successfully expand Guaranty’s community banking model into the Austin market. Austin has been part of our long-term expansion strategy for a number of years. We are glad to have found the right banker to start executing on that strategy and lead Guaranty in this exciting growth market in Texas.”

Mr. Brown grew up in Westlake Hills, received his Bachelor of Business Administration in Management from St. Edwards University in Austin and is in his final year of completing his Masters in Business Administration at the University of Texas in Austin. He served as an infantryman in the United States Marine Corps from 2004-2006. Mr. Brown is active in various community and charitable organizations in Austin. He currently serves in various capacities with the Real Estate Council of Austin, Austin Chamber of Commerce, the Dell Children's Trust, as well as being an alumni of Leadership Austin, Austin Young Chamber of Commerce and Young Texan Society.

Mr. Brown added, “I am very excited to join Guaranty and become part of an organization that began over 100 years ago. Guaranty’s mission and values are the foundation of their continued success. I look forward to bringing the Guaranty brand to Austin, where we have seen amazing growth over the past several years. We have an incredible opportunity to introduce Austin businesses and individuals to a strong community bank that focuses on the success of our customers, building long-term relationships and supporting the local community.”

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. 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 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.





Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our results of operations, financial condition and financial performance. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Such factors include, without limitation, the “Risk Factors” referenced in our Registration Statement on Form S-1 filed with the Securities and Exchange Commission (SEC), other risks and uncertainties listed from time to time in our reports and documents filed with the SEC, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, and our ability to obtain regulatory approval to convert our proposed loan production office in Austin to a full service branch location and execute our growth strategy in this new market. We can give no assurance that any goal or plan or expectation set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements. The forward-looking statements are made as of the date of this communication, and we do not intend, and assume no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

###


Contact Information:

Cappy Payne
Senior Executive Vice President & CFO
Guaranty Bancshares, Inc.
(888) 572-9881
Investors@gnty.com