Guaranty Bancshares, Inc. announced that Clifton A. ?Cappy? Payne, Senior Executive Vice President of the Company plans to retire March 31, 2024, after 40 years with the Company and 35 years as the principal accounting officer. Cappy advised senior management and the Board well in advance of his intention to retire to enable an orderly and effective leadership transition.

Cappy and Shalene will have worked side-by-side as CFOs of the Company and the Bank for two years as part of the Bank?s long-term succession planning and transition. He will continue to serve on the Board of Directors until his retirement date. Cappy joined the Bank in February 1984, became the Controller in 1988, and was elected to the Board of Directors of both the Bank and the Company in 1995.

He was promoted to Executive Vice President and Chief Financial Officer for both the Bank and the Company in 1996. Cappy is a graduate of Baylor University and is a certified public accountant.