Guaranty Bancshares, Inc. Declares 10% Stock Dividend
January 21 2021 - 4:00PM
Business Wire
Guaranty Bancshares, Inc. (NASDAQ: GNTY), the parent company of
Guaranty Bank & Trust, N.A., today announced that its Board of
Directors has declared a 10% stock dividend for shareholders of
record as of February 5, 2021. As an example, each shareholder will
receive one additional share of stock for every ten shares owned on
the effective date of February 12, 2021.
Ty Abston, Chairman and CEO of the Company stated, “The Board is
very pleased with the progress the Company and Guaranty Bank &
Trust made in 2020, especially with the COVID-19 challenges we
faced and the slowdown in the economy. We are proud of our Bank,
our staff, and our customers as we all worked to stay safe while at
the same time being accessible to customers. By declaring this
first-time stock dividend, in addition to the normal cash
dividends, it’s just another way to reward our shareholders for
their continued support.”
The Board will continue to consider future quarterly cash
dividends, as it has in the past, and intends to maintain the
current per share cash dividend level going forward. Any future
dividend would be payable on all outstanding shares (including
those issued as a result of the stock dividend), although the
amount and payment of any dividends will be based on earnings of
the Company, its financial condition, capital requirements, and
other related factors.
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 services. Guaranty Bank
& Trust has 31 banking locations across 24 Texas communities
located within the East Texas, Dallas/Fort Worth, greater Houston
and Central Texas regions of the state. As of December 31, 2020,
Guaranty Bancshares, Inc. had total assets of $2.7 billion, total
loans of $1.9 billion and total deposits of $2.3 billion. Visit
gnty.com for more information.
Cautionary Statement Regarding Forward-Looking
Information
This communication 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, the level of future cash
dividend payments and our results of operations, financial
condition and financial performance. 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 most recent Annual
Report on Form 10-K and any subsequent Quarterly Reports on Form
10-Q, other risks and uncertainties listed from time to time in our
reports and documents filed with the Securities and Exchange
Commission. We can give no assurance that any goal, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210121005868/en/
Cappy Payne Senior Executive Vice President & CFO Guaranty
Bancshares, Inc. (888) 572-9881 Investors@gnty.com
Guaranty Bancshares (NASDAQ:GNTY)
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