On June 28, Mount Pleasant-based Guaranty Bancshares Inc., the parent company of Guaranty Bank & Trust NA, announced the promotion of Shalene Jacobson to executive vice president and chief financial officer of Guaranty Bank & Trust, replacing Cappy Payne. Payne will remain as senior executive vice president and chief financial officer for Guaranty Bancshares.

“Cappy has been with Guaranty for 38 years and has held the role of our chief accountant for the past 34 years. This move is a part of the bank’s long-term succession planning as Cappy considers retirement in the next couple of years,” says Ty Abston, chairman and chief executive officer of the company. “It gives the opportunity for Shalene and Cappy to work side-by-side until he retires.”

Prior to her promotion, Jacobson was chief risk officer of the bank and has worked closely with Payne to help manage financial reporting and accounting matters since joining the company in 2016. She chairs the bank’s asset-liability management and enterprise risk management committees and serves as a member on several other key operational areas of the bank. Prior to joining Guaranty Bank & Trust, Jacobson spent 13 years working in public accounting, specializing in financial statement audits and consulting projects primarily for banks and private equity companies. She is also a veteran of the U.S. Air Force. She received her undergraduate degree, summa cum laude, from Auburn University Montgomery and a Master of Accountancy degree from Auburn University. She is a certified public accountant and certified internal auditor.

Established in 1913, Guaranty Bank & Trust NA operates 32 locations across 26 Texas communities within the East Texas, Dallas/Fort Worth, greater Houston and Central Texas regions of the state. As of March 31, 2022, Guaranty Bancshares, Inc. had total assets of $3.19 billion, total loans of $2.01 billion and total deposits of $2.80 billion.