<SEC-DOCUMENT>0000899243-17-012429.txt : 20170509
<SEC-HEADER>0000899243-17-012429.hdr.sgml : 20170509
<ACCEPTANCE-DATETIME>20170509114342
ACCESSION NUMBER:		0000899243-17-012429
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170508
FILED AS OF DATE:		20170509
DATE AS OF CHANGE:		20170509

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUARANTY BANCSHARES INC /TX/
		CENTRAL INDEX KEY:			0001058867
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				751656431
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		201 SOUTH JEFFERSON AVENUE
		CITY:			MOUNT PLEASANT
		STATE:			TX
		ZIP:			75455
		BUSINESS PHONE:		9035729881

	MAIL ADDRESS:	
		STREET 1:		201 SOUTH JEFFERSON AVENUE
		CITY:			MOUNT PLEASANT
		STATE:			TX
		ZIP:			75455

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Muskrat Daniel J.
		CENTRAL INDEX KEY:			0001706136

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38087
		FILM NUMBER:		17825294

	MAIL ADDRESS:	
		STREET 1:		201 SOUTH JEFFERSON  AVENUE
		CITY:			MOUNT PLEASANT
		STATE:			TX
		ZIP:			75455
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc3.xml
<DESCRIPTION>FORM 3 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2017-05-08</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001058867</issuerCik>
        <issuerName>GUARANTY BANCSHARES INC /TX/</issuerName>
        <issuerTradingSymbol>GNTY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001706136</rptOwnerCik>
            <rptOwnerName>Muskrat Daniel J.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>201 SOUTH JEFFERSON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MOUNT PLEASANT</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75455</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP &amp; CIO-Guaranty Bank&amp;Trust</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6208</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Issuer KSOP</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>24.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2022-10-15</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Options vest ratably in annual installments over a period of five (5) years from the grant date, 10/15/2014.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Randall R. Kucera, as attorney-in-fact</signatureName>
        <signatureDate>2017-05-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>attachment1.htm
<DESCRIPTION>EX-24 DOCUMENT
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY>
<PRE>
                           LIMITED POWER OF ATTORNEY

        The undersigned, Daniel J. Muskrat, an executive officer of Guaranty
Bancshares, Inc. (the "Corporation") and/or the Corporation's wholly-owned
subsidiary, Guaranty Bank & Trust, N.A., hereby authorizes and designates each
of Tyson T. Abston; Clifton A. Payne; Randall R. Kucera; and Fenimore, Kay,
Harrison and Ford, LLP, as my agent and attorney-in-fact, each with full power
of substitution to:

        (1)     prepare and sign on my behalf any Form ID for filing with the
United States Securities and Exchange Commission, generate or update on my
behalf any applicable EDGAR access codes, and request on my behalf any EDGAR
passphrases or other related filings codes, if necessary;

        (2)     prepare and sign on my behalf any Form 3, Form 4 or Form 5 under
Section 16 of the Securities Exchange Act of 1934 or any amendment thereto and
file, or cause to be filed, the same with the United States Securities and
Exchange Commission and, if applicable, each national stock exchange on which
the Corporation's stock is listed;

        (3)     prepare and sign on my behalf any Form 144 Notice under the
Securities Act of 1933, or any amendment thereto, and file, or cause to be
filed, the same with the United States Securities and Exchange Commission;

        (4)     prepare and sign on my behalf any Schedule 13D or Schedule 13G
under the Securities Exchange Act of 1934, or any amendment thereto, and file,
or cause to be filed, the same with the United States Securities and Exchange
Commission and, if applicable, each national stock exchange on which the
Corporation's stock is listed; and

        (5)     take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on my behalf
pursuant to this Limited Power of Attorney shall be in such a form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.

        The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of the rights
and powers herein granted, as present, with full power of substitution or
revocation, hereby ratifying and confirming all that such attorney-in-fact, or
such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to
be done by virtue of this Limited Power of Attorney and the rights and powers
herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Corporation assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.

        This Limited Power of Attorney shall remain in full force and effect
until the undersigned is no longer subject to Section 16 of the Securities
Exchange Act of 1934 with respect to the Corporation, unless earlier revoked by
the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.

                  [Signature Page to Limited Power of Attorney]

        IN WITNESS WHEREOF, the undersigned has caused this Limited Power of
Attorney to be executed on this 8th day of May, 2017.

                                        /s/ Daniel J. Muskrat
                                        ---------------------------------------
                                        Daniel J. Muskrat


        SUBSCRIBED AND SWORN TO before me this 8th day of May, 2017.


                                        Sondra Cunningham
                                        ----------------------------
                                        Notary Public


My Commission Expires:  December 12, 2017
</PRE>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
