SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ...)*
GUARANTY BANCSHARES, INC.
(Name of Issuer)
COMMON STOCK $1.00 PAR VALUE PER SHARE
(Title of Class of Securities)
400764 10 6
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP NO. 400764 10 6 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BILL G. JONES
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
NONE
(B) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
5 SOLE VOTING POWER
NUMBER OF
SHARES 334,033
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON
WITH 7 SOLE DISPOSITIVE POWER
334,033
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,194
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.5%
12 TYPE OF REPORTING PERSON*
IN
Page 2 of 5
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ITEM 1(A)
Name of issuer: The name of the issuer is Guaranty Bancshares, Inc.
("Bancshares").
ITEM 1(B)
Address of issuer's principal executive offices: The principal executive office
of Bancshares is 100 W. Arkansas, Mount Pleasant, Texas 75455.
ITEM 2(A)
Name of person filing: The reporting person is Bill G. Jones.
ITEM 2(B)
Address or principal business office or, if none, residence: The address of Bill
G. Jones is 100 W. Arkansas, Mount Pleasant, Texas 75455.
ITEM 2(C)
Citizenship: Bill G. Jones is a citizen of the United States of America.
ITEM 2(D)
Title of class of securities: The class of securities of Bancshares owned
beneficially by Bill G. Jones is common stock, $1.00 par value (the "Common
Stock").
ITEM 2(E)
CUSIP Number: 400764 10 6
ITEM 3
Not applicable
ITEM 4
Ownership:
(a) The amount of securities beneficially owned by Bill G. Jones is 334,194
shares of Common Stock, which includes 2,884 shares held of record for the
benefit of the Bill G. Jones IRA, 19,943 shares held of record by the Bill
Jones IRA Rollover and 161 shares held of record by the wife of Mr. Jones.
Page 3 of 5
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(b) The percent of the class of Common Stock beneficially owned by Bill G.
Jones is 11.5%.
(c) Bill G. Jones has the sole power to vote or to direct the vote of 334,033
shares of the Common Stock and the sole power to dispose or to direct the
disposition of 334,033 shares of the Common Stock.
ITEM 5
Ownership of 5 Percent or Less of a Class: Not applicable
ITEM 6
Ownership of More than 5 Percent on Behalf of Another Person: Not applicable
ITEM 7
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company: Not applicable
ITEM 8
Identification and Classification of Members of the Group: Not applicable
ITEM 9
Notice of Dissolution of Group: Not applicable
ITEM 10
Certification: Not applicable
Page 4 of 5
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
FEBRUARY 2, 1999
(Date)
/s/ BILL G. JONES
(Signature)
BILL G. JONES
(Name/Title)
Page 5 of 5
