Guaranty Bancshares, Inc. Adds Sondra Cunningham to Board of Directors

Rhea-AI Summary

Guaranty Bancshares, Inc. (NASDAQ: GNTY) has announced the appointment of Sondra Cunningham to its Board of Directors. Cunningham, who has over 40 years of experience in the banking sector, has served as Senior Vice President and Chief Culture Officer at Guaranty Bank & Trust for the past eight years. Her new role emphasizes maintaining the company culture as it grows. As of September 30, 2022, Guaranty Bancshares had total assets of $3.39 billion, total loans of $2.27 billion, and total deposits of $2.79 billion.

Positive

• Sondra Cunningham's extensive experience in the banking industry, particularly her 39 years at Guaranty, may provide valuable insights and continuity in leadership.
• Cunningham's focus on company culture could strengthen employee engagement and retention.

Negative

• Potential concerns regarding continuity in leadership roles as the company adjusts to new board dynamics.

ADDISON, Texas--(BUSINESS WIRE)-- Guaranty Bancshares, Inc., (NASDAQ: GNTY) (“Company”), the parent company of Guaranty Bank & Trust, N.A., today announced the appointment of Sondra Cunningham to the Board of Directors of the Company.

Guaranty Bank & Trust, N.A., today announced the appointment of Sondra Cunningham to the Board of Directors of the Company. Ms. Cunningham now serves as Senior Vice President and Chief Culture Officer of the Bank and has been Secretary to the Bank and Holding Company Board of Directors for the past eight years. She has worked for more than 40 years in the banking industry, 39 of those years at Guaranty, having served in various positions, departments, and committees while at the Bank. She is a past member of Financial Women in Texas, an advocate of promoting professional development, leadership skills, and the education and training of women in finance, and has served as Treasurer of the local Salvation Army. (Photo: Business Wire)

Ms. Cunningham now serves as Senior Vice President and Chief Culture Officer of the Bank and has been Secretary to the Bank and Holding Company Board of Directors for the past eight years. She has worked for more than 40 years in the banking industry, 39 of those years at Guaranty, having served in various positions, departments, and committees while at the Bank. She is a past member of Financial Women in Texas, an advocate of promoting professional development, leadership skills, and the education and training of women in finance, and has served as Treasurer of the local Salvation Army.

Ty Abston, Chairman of the Board and Chief Executive Officer stated, “We are very proud to announce this board appointment along with promoting Sondra to Senior Vice President and Chief Culture Officer of the Bank. A large part of our Company’s success can be directly attributed to the culture that our company has built over the past 50 years. As we continue to grow and expand, our focus on maintaining the Guaranty Culture remains as strong as ever. Sondra has a long tenure at Guaranty and has been a big part in developing our strong Company culture. Her new Bank role will be to ensure that we keep our Company’s culture from the board level to all new employees joining our company throughout our statewide footprint.”

About Guaranty Bancshares

Guaranty Bancshares, Inc. is the parent company for Guaranty Bank & Trust, N.A. Guaranty Bank & Trust has 32 banking locations across 26 Texas communities located within the East Texas, Dallas/Fort Worth, Houston and Central Texas regions of the state. As of September 30, 2022, Guaranty Bancshares, Inc. had total assets of $3.39 billion, total loans of $2.27 billion and total deposits of $2.79 billion. Visit www.gnty.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221121005938/en/

Cappy Payne

Senior Executive Vice President & CFO

Guaranty Bancshares, Inc.

(888) 572-9881

Investors@gnty.com

Source: Guaranty Bancshares, Inc.

FAQ

Who is Sondra Cunningham and what is her role at Guaranty Bancshares?

Sondra Cunningham is appointed to the Board of Directors and currently serves as Senior Vice President and Chief Culture Officer.

What impact could Sondra Cunningham's appointment have on GNTY?

Her extensive experience may bring valuable insights, but it could also raise concerns about continuity in leadership.

What are the financial metrics for Guaranty Bancshares as of September 30, 2022?

Guaranty Bancshares reported total assets of $3.39 billion, total loans of $2.27 billion, and total deposits of $2.79 billion.