A tax refund can feel like extra money, but it is also a great opportunity to strengthen your financial future. Instead of letting it sit in your checking account, consider using your refund to make intentional progress toward your goals. Even small steps today can create meaningful impact tomorrow.

At Guaranty Bank, we are here to help you make confident decisions and put your money to work in ways that support what matters most to you.

Start or Grow Your Emergency Fund

Unexpected expenses can happen at any time. Car repairs, medical bills, and home maintenance costs can quickly add up. An emergency fund helps you handle those moments without relying on credit.

Your tax refund is a great way to get started. Consider moving a portion into a Guaranty Bank savings account and keeping it separate from everyday spending Starting with even a small cushion can help you feel more prepared.

Pay Down High-Interest Debt

Reducing high-interest debt is one of the most impactful ways to use your refund. Applying your refund toward credit card balances or other high-interest loans can lower the amount you owe and reduce interest over time.

This can also free up room in your monthly budget. Once that payment is gone, you can redirect those funds toward savings or other financial priorities.

Jumpstart a Savings Goal

Your refund can help you move closer to something you have been planning. Whether it is a vacation, holiday spending, home updates, or a future purchase, setting aside funds now can make those goals more achievable.

Creating a Goal within Guaranty Bank digital banking can help keep your savings organized and easy to track. Setting a timeline and watching your progress can make it easier to stay motivated.

Cover Upcoming Expenses

Another smart option is using your refund to prepare for known expenses later in the year. Planning ahead can help reduce financial stress and avoid dipping into savings later.

You might use your refund for:

• Summer travel
• Insurance premiums
• Back-to-school shopping
• Home maintenance
• Holiday expenses

Setting these funds aside now helps keep your monthly budget more consistent.

Put Your Refund to Work

Your tax refund does not have to be large to make a difference. Saving part of it, paying down debt, or planning ahead can all help strengthen your financial foundation.

Guaranty Bank offers tools designed to help you stay on track, including savings accounts, digital banking Goals, and financial guidance from your local team. If you are not sure where to start, we are always here to help you create a plan that fits your needs.

Small moves today can make a big difference tomorrow.

Resource Library

Your GOALS are closer thank you think! Start saving today!

Did you know we designed the ability to create savings GOALS right into your digital banking app? That’s right.

Save for an emergency, take off on vacation, or choose any category that you are working to save towards, and digital banking will calculate exactly how much you need to save per week by your target date!

It’s that easy!

• Choose a savings GOAL ($2,000)
• Select a GOAL Target Date
• Choose how frequently you want funds to be transferred (weekly, bi-weekly, etc.)
• Track your progress and watch your savings grow
• Easily transfer money back and forth between your GOALS and checking account

There is nothing more rewarding than watching your savings grow and we’re here to help you celebrate every milestone along the way. We are proud to be able to help you bring your GOALS to fruition, build confidence in your financial future, and recognize the progress you’re making each day. Whether you are saving for something special or a rainy day, every deposit is a step forward to reach that GOAL.

Start your GOALS in digital banking today! Login | Guaranty Bank

March is National Consumer Protection Month

Guaranty Bank & Trust takes pride in the importance of educating our customers on scams and fraud. These types of schemes are becoming increasingly common, and staying informed about ways to avoid this is one of the most powerful ways to safeguard your finances.

What to do if you receive a call or text asking for personal information:

Pause before you respond. Fraudsters often rely on urgency and pressure to catch you off guard.

• Call your local branch and speak with someone you trust to verify.
• Don’t click suspicious links or download unexpected attachments.
• Watch for urgency or pressure tactics—scammers want you to act fast.
• If Guaranty Bank calls, texts, or sends an email to you, please know we would never ask for your passwords, PIN’s or account numbers.

Ways to safeguard your information to protect yourself:

• Monitor your accounts through digital banking and report any unfamiliar transactions immediately.
• Set up card controls to protect your debit cards. You can enable or disable your card, report it as lost or stolen, and notify GBT of travels plans all from our app.
• Customize account alerts in your digital banking app to enable full transparency of account activity.
• Shred sensitive financial documents before disposal.
• Educate your family members, especially children and older adults.

At Guaranty Bank, we have a strong commitment to consumer protection. By staying informed and practicing safe financial habits, you help strengthen the protection around your accounts. If you ever suspect fraudulent activity, contact your local branch immediately. Swift action can make all the difference. 

For more information, please visit https://gbtonline.com/mobile/

BELZONI, MS – Hue Townsend, CEO of Guaranty Bank, is pleased to announce that Paul Townsend IV has been appointed to President, Commercial Banker, in Belzoni.

Paul began his journey with Guaranty Bank in April 1999 at the Indianola branch. Through his unwavering dedication and commitment, he has been a valued member of our commercial banking division. He will now continue his service in our Belzoni branch.

A proud graduate of Humphreys Academy, Mississippi Delta Community College, and Delta State University, Paul has also further enhanced his banking expertise by completing the School of Banking at Ole Miss and the Graduate School of Banking at LSU.

Beyond his professional achievements, Paul has demonstrated strong community leadership serving as past president of the Indianola Lions Club and the Indianola Chamber-Mainstreet. Currently, Paul serves as Treasurer for the Mississippi Delta Community College Foundation.

Paul is married to Valerie Trussell Townsend, and they have one daughter, Mollie Townsend.

“We are delighted to welcome Paul Townsend IV as President, Commercial Banker in our Belzoni branch. Paul’s dedication, expertise, and commitment to our communities have been invaluable to Guaranty Bank. His leadership will further strengthen our team and enhance the service we provide to our customers. We look forward to his continued contributions and the positive impact he will make in Belzoni and beyond,” said CEO, Hue Townsend.

About Guaranty Bank & Trust:

Guaranty Bank’s mission is to set the standard in our communities for excellence in financial service products and their delivery, to strengthen the communities we serve, and to help improve the quality of life in those areas; while creating last value for our shareholders, employees, and customers. Learn more at Personal & Business Banking Services | Guaranty Bank

BELZONI, MS – Hue Townsend, CEO of Guaranty Bank, is pleased to announce that Ward Gilbert has joined Guaranty Bank as Vice President, Commercial Banker in Indianola.

With deep roots in Indianola and extensive experience in country club and retail management, our new team member brings a wealth of expertise and takes pride in his community.

Having lived in Indianola for 23 years, he is an active member of First Methodist Church and has a strong connection to the local community. His career began at the Indianola Country Club, where he served as General Manager and Director of Golf for 15 years. He expanded his leadership skills as General Manager at Outlaw Sporting Goods in Greenwood for eight years. Most recently, he held the position of General Manager and Director of Golf at the Cleveland Country Club.

Ward is married to Susan Fulgham Gilbert and is a proud father of two children: Abby Roberts and John Howard Gilbert. He also enjoys spending time with his granddaughter, Lola Howard Roberts. Outside of the office, his hobbies include golf, hunting, fishing, lawn care, and most importantly, spending quality time with his family.

“We’re excited to welcome Ward to Guaranty Bank as Vice President, Commercial Banker,” said Paul Townsend IV, President, Commercial Banker. “Ward’s strong management experience and genuine passion for helping others makes him a great addition. Ward’s dedication to building relationships and supporting others will benefit both our clients and team, fostering growth and collaboration throughout our community.” 

About Guaranty Bank & Trust:

Guaranty Bank’s mission is to set the standard in our communities for excellence in financial service products and their delivery, to strengthen the communities we serve, and to help improve the quality of life in those areas; while creating last value for our shareholders, employees, and customers. Learn more at Personal & Business Banking Services | Guaranty Bank

Buying a home is one of the biggest financial decisions you will make. Whether you are a first-time home buyer or refinancing, understanding how mortgages work can be overwhelming.

Here are some of the more frequently asked mortgage questions answered by our Vice President, Mortgage Lender, Eddie Reed.

Frequently Asked Mortgage Questions

What do I need to start the homebuying process?

What do I need to start the homebuying process?

The best step is a conversation with a mortgage loan officer. We’ll walk you through your goals and give you a quick pre-qualification, which is calculating how much you can afford. If you’re ready to move forward and shop for a house, a pre-approval goes deeper and verifies income, assets and credit. It shows sellers you’re serious and fully prepared.

How do I determine the price of my home that I qualify to purchase?

How do I determine the price of my home that I qualify to purchase?

Your purchase power depends on your income, debts, credit, and down payment. During pre qualification, I calculate a range that keeps your monthly payment comfortable with your budget and aligns with your long term plans.

Can I buy a home with less than 20% down?

Can I buy a home with less than 20% down?

Yes! We support the full suite of Mississippi Home Corporation Down Payment Assistance programs, including grants and forgivable second mortgages. If you’re a first time buyer or haven’t owned a home in the last three years, you may qualify for thousands of dollars in assistance.

Pros and Cons of a 15-year loan versus 30-year loan?

Pros and Cons of a 15-year loan versus 30-year loan?

Both have advantages. With a 15-year loan, you will have a higher monthly payment, lower overall interest cost. With a 30-year loan, you will have a lower monthly payment, more flexibility, and easier budgeting. We help customers run the numbers side-by-side so they can choose what fits their financial comfort zone.

What is the difference in a fixed rate and adjustable-rate mortgage? Is one preferred?

What is the difference in a fixed rate and adjustable-rate mortgage? Is one preferred?

Fixed rate mortgages hold the same rate for the life of the loan while adjustable rate mortgages (ARMs) start with a lower rate that can adjust in the future. Most buyers choose fixed rates for predictability and security; however, ARMs can be a smart option depending on your long term plans.

Will checking my credit hurt my score?

Will checking my credit hurt my score?

A mortgage credit check has a very small impact—often just a few points. What matters more is understanding your credit profile early so we can optimize your loan options or address any areas that need improvement.

How does my credit score impact my loan options and interest rate?

How does my credit score impact my loan options and interest rate?

Your credit score influences the programs you qualify for and can affect the interest rate and/or cost of the loan. Better credit generally means better terms, but we also have strong loan programs for buyers with less than perfect credit.

Are there special inspections I should consider (roof, foundation, HVAC, plumbing)?

Are there special inspections I should consider (roof, foundation, HVAC, plumbing)?

We always recommend getting a home inspection from a reputable, qualified inspector. If they find issues with specific areas, they will then recommend a specialist such as a structural engineer, roofing contractor, or plumber.

What happens if the home doesn’t appraise for the purchase price?

What happens if the home doesn’t appraise for the purchase price?

If the appraisal comes in lower than expected, we’ll discuss options such as renegotiating the sales price, filing a reconsideration of value, adjusting the loan structure, or consider appraisal gap strategies. My job is to guide you through the best path forward.

How do property taxes, insurance, and escrow work after closing? Is that included in my loan?

How do property taxes, insurance, and escrow work after closing? Is that included in my loan?

Most homeowners utilize an escrow account, which is includes those items in your monthly payment. It includes your property taxes and homeowners’ insurance, so you don’t have to budget for large lump sum bills.

What are some common mistakes or opportunities that are overlooked by home buyers?

What are some common mistakes or opportunities that are overlooked by home buyers?

A few big ones:

• Not getting pre approved before shopping
• Assuming they need 20% down
• Overlooking down payment assistance programs
• Making big credit impacting purchases before closing
• Not asking questions early in the process

Our role is to make sure none of these become obstacles for you. We offer full-service home mortgage solutions to make the process as seamless as possible for you. For more information contact one of our expert loan officers or visit https://gbt.mymortgage-online.com/ to learn more and apply online.

Educational Disclaimer:
This content is for educational purposes only and does not constitute a loan offer, commitment, or approval. All loan programs, terms, eligibility requirements, and credit standards are subject to change at any time. Loan approval requires a complete application and underwriting review. Down payment assistance programs have limited availability and may include income limits, credit requirements, homebuyer education, and property eligibility criteria. Appraisal values and inspection results cannot be guaranteed. For specific information about your situation, please contact one of our loan officers.

Planning a wedding is one of life’s most exciting milestones. Along with choosing venues, and guest lists, it’s also an important financial moment. With thoughtful planning and the right guidance, couples can celebrate their day while staying confident about what comes next.

February is recognized as National Weddings Month, making it a natural time for couples to think about both the celebration and the financial planning that comes with it.

At Guaranty Bank, we believe your wedding is more than a single event. It’s part of a larger financial journey. Our role is to help you make informed decisions, plan with confidence, and feel supported through every major life moment.

Start With a Clear Conversation

Before diving into the details, take time to talk openly about expectations and priorities. Discuss what matters most to each of you, what you are comfortable spending, and how your wedding fits into your broader financial goals.

Having these conversations early can help reduce stress and create a plan that reflects both your values and your future together.

Build a Realistic Wedding Budget

A wedding budget provides structure and clarity throughout the planing process. Start by outlining major expenses such as the venue, catering, attire, photography, then allow room for smaller costs that can add up over time.

Breaking your budget into categories can help you make confident decisions and adjust as plans evolve.

Save With Purpose

Setting aside funds specifically for wedding expenses can make planning feel more manageable. Consistent contributions, even in smaller amounts, can add up over time and help reduce the need to rely on credit.

Having the right savings approach in place can help you stay organized and track progress as your plans come together.

Plan Beyond the Wedding Day

While the wedding is an important milestone, it’s only the beginning. Many couples are also thinking about what comes next, such as building an emergency fund, planning a honeymoon, or saving toward a future home.

Considering these goals alongside your wedding plans can help create balance and support long term financial confidence after the celebration ends.

Here for Every Life Moment

At Guaranty Bank, we’re here for more than transactions—we’re here for the milestones. From planning a wedding to building a life together, our local teams are ready to offer guidance, tools, and support tailored to your needs.

Your life will be filled with meaningful moments. We’re proud to be the trusted financial advisor you can rely on through each one, today and in the years ahead.

Hue Townsend, President and CEO of Guaranty Bank, announced today that nine team members have been promoted within the organization. These promotions reflect Guaranty Bank’s continued commitment to developing talent from within and recognizing individuals who demonstrate strong performance, leadership, and dedication to serving their communities.

The following promotions have been approved:

• Robin Andrews – Assistant Vice President, Branch Manager, Vicksburg
• Caleb Andrews – Banking Officer, Relationship Banker, Fulton
• Mildred Carter – Banking Officer, Branch Manager, Greenville Highway 1
• Karrie Doty – Banking Officer, Branch Manager, Fulton
• Becky Faulkner – Banking Officer, Branch Manager, Corinth
• Kim Hayes – Banking Officer, Branch Manager, Greenwood
• Amanda Lehman – Banking Officer, Branch Manager, Hernando
• Will Midlick – Banking Officer, Relationship Banker, East Memphis
• Nicole Salazar – Banking Officer, Branch Manager, Belzoni

Each of these individuals brings a strong connection to their local market, a commitment to customer service, and a passion for community involvement. Their leadership and dedication continue to strengthen Guaranty Bank’s ability to serve customers across Mississippi and Tennessee.

“It’s always a special honor to recognize and promote talent from within our organization,” said Hue Townsend, President and CEO of Guaranty Bank. “These individuals have earned this recognition through hard work, integrity, and a genuine commitment to their customers and communities. We are proud of their growth and excited about the leadership they bring to Guaranty Bank.”

Guaranty Bank congratulates each of these team members and looks forward to their continued success in their expanded roles.

About Guaranty Bank & Trust:

Guaranty Bank’s mission is to set the standard in our communities for excellence in financial service products and their delivery, to strengthen the communities we serve, and to help improve the quality of life in those areas; while creating last value for our shareholders, employees, and customers.  Learn more at Personal & Business Banking Services | Guaranty Bank

Hue Townsend, CEO of Guaranty Bank, is pleased to announce that the Board of Directors has approved the promotion of Shelly Capps to Vice President, Mortgage Operation Manager based in Hernando.

Shelly is a U.S. Army veteran, having served as a Finance and Accounting Specialist from 1998 to 2003. She has more than 20 years of experience in the mortgage industry, beginning her career in 2004 as a loan processor. She was promoted to Operations Manager in 2010 and has been a key leader within Guaranty Bank’s Mortgage Division since 2017.

Throughout her career, Shelly has been recognized for her operational expertise, strong leadership, and ability to guide teams through growth and change. She has played a critical role in the redesign and strengthening of Guaranty Bank’s mortgage operations, helping support record growth in recent years while ensuring a consistent, high-quality experience for customers and loan officers alike.

Beyond her professional accomplishments, Shelly is deeply committed to serving her community. She volunteers regularly, with a special passion for animal-related organizations, and fosters both dogs and cats. She also serves as Fundraising Chair for Pals of Paws Society, a local nonprofit organization in northwest Mississippi.

“We are thrilled to promote Shelly Capps to Vice President,” said David Umstead, President of Mortgage Division. “She has been instrumental in the redesign of our mortgage division that has had record growth over the past few years. Our loan officers have complete confidence in the operations team she leads; this promotion is well-deserved.”

About Guaranty Bank & Trust:

Guaranty Bank’s mission is to set the standard in our communities for excellence in financial service products and their delivery, to strengthen the communities we serve, and to help improve the quality of life in those areas; while creating last value for our shareholders, employees, and customers.  Learn more at Personal & Business Banking Services | Guaranty Bank

BELZONI, MS – Hue Townsend, CEO of Guaranty Bank, is pleased to announce that the Board of Directors has approved the promotion of Lynn James to Senior Vice President, Operations Manager, based in Belzoni.

A Belzoni native, Lynn, is a graduate of the University of Mississippi, where she earned her degree with honors. She has nearly 20 years of operations experience and continues to invest in her professional growth as she is currently enrolled in the Mississippi Bankers Association Foundations of Leadership training.

Throughout her career, Lynn has been recognized for her deep operational knowledge, steady leadership, and unwavering commitment to excellence.  Her thoughtful approach, attention to detail, and ability to lead with both confidence and care have played a critical role in strengthening Guaranty Banks’s operational foundation.

Beyond the bank, Lynn is actively involved in her community.  She is a member of the First Presbyterian Church of Belzoni, where she volunteers as a Sunday School teacher. In her spare time, she enjoys reading and lifelong learning.

“Working alongside Lynn James has been a privilege,” said Pam Jones, EVP, Chief Operations Officer at Guaranty Bank.  “Her faith, dedication, vision, and leadership have been instrumental in the success of Guaranty Bank’s Operations.  This promotion not only reflects her remarkable talent, but the passion and perseverance that inspire those around Lynn.  She has a wealth of knowledge and is a positive and encouraging driving force that continues to shape Guaranty Bank’s vision and mission every day.  This promotion is proof that dedication and heart can turn ambition into achievement.”

About Guaranty Bank & Trust:

Guaranty Bank’s mission is to set the standard in our communities for excellence in financial service products and their delivery, to strengthen the communities we serve, and to help improve the quality of life in those areas; while creating last value for our shareholders, employees, and customers.  Learn more at Personal & Business Banking Services | Guaranty Bank