Guaranty Bank & Trust, N.A. Adds Eddie Priefert to Board of Directors

Rhea-AI Summary

Guaranty Bancshares, Inc. (NASDAQ: GNTY) has appointed Eddie Priefert to the Board of Directors of Guaranty Bank & Trust. Priefert, who is the President of Priefert Mfg. Co., brings significant experience from one of the largest manufacturers of rodeo and ranch equipment. Chairman Ty Abston expressed confidence in Priefert’s strategic thinking and local economic influence. As of June 30, 2022, Guaranty Bancshares reported total assets of $3.28 billion, total loans of $2.14 billion, and total deposits of $2.78 billion.

Positive

• Eddie Priefert’s appointment is expected to bring valuable business expertise to the board.
• Priefert's local influence may enhance community relations and support for the Bank.

Negative

• None.

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

Mr. Priefert is the President of Priefert Mfg. Co., Inc., one of the largest manufacturers of rodeo and ranch equipment in the world. He is the third generation of leadership in his family business. The company was founded in 1964, currently employing over 1,000 employees. He is very active in the Mt. Pleasant, Texas community, has served on the local hospital foundation board, and currently serves on the Board of Directors for the Texas FFA Foundation.

Ty Abston, Chairman of the Board and Chief Executive Officer stated, “We are very pleased to have Eddie join our board. Eddie’s knowledge of our Bank, and of growing a business and strategic thinking will be an asset to our Bank. The Priefert family has been a driving force to help grow the Mt. Pleasant and Texas economy and I am confident Eddie is a great addition to our Bank board and team.”

Mr. Priefert is a graduate of LeTourneau University with BBA & MBA Degrees in Business Administration. He and his wife Randa live in Mt. Pleasant.

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 June 30, 2022, Guaranty Bancshares, Inc. had total assets of $3.28 billion, total loans of $2.14 billion and total deposits of $2.78 billion. Visit www.gnty.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005157/en/

Cappy Payne

Senior Executive Vice President & CFO

Guaranty Bancshares, Inc.

(888) 572-9881

Investors@gnty.com

Source: Guaranty Bancshares, Inc.

FAQ

Who is Eddie Priefert in relation to Guaranty Bancshares?

Eddie Priefert is the newly appointed member of the Board of Directors for Guaranty Bank & Trust, a subsidiary of Guaranty Bancshares, Inc.

What is the background of Eddie Priefert?

Eddie Priefert is the President of Priefert Mfg. Co., one of the largest manufacturers of rodeo and ranch equipment, and has strong community ties in Texas.

What are the total assets of Guaranty Bancshares as of June 30, 2022?

As of June 30, 2022, Guaranty Bancshares had total assets of $3.28 billion.

What impact may Eddie Priefert's appointment have on Guaranty Bancshares?

Priefert's business acumen and local influence could enhance the strategic direction and community engagement of Guaranty Bancshares.