Exhibit 1 GUARANTY BANCSHARES, INC.Form 8K(Commission File Number 000-24235)Item 4. Change in Registrant’s Certifying Accountant. |
1. | On October 12, 2001, Guaranty Bancshares, Inc. (Company) was notified that the partners and employees of Fisk & Robinson, P.C. had merged with McGladrey & Pullen, LLP and that the accounting firm of Fisk & Robinson, P.C. would no longer exist and, therefore, would no longer be the independent auditor for the Registrant. McGladrey & Pullen, LLP was appointed as the Registrant’s new auditor. |
2. | The auditor’s report from Fisk &Robinson, P.C. for the Registrant’s past fiscal year ended December 31, 2000 (years prior to 2000 were audited by other auditors) did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles. |
3. | The decision to engage McGladrey & Pullen, LLP was approved by the board of directors of the Company. |
4. | During the Registrant’s two most recent fiscal years and the subsequent interim period preceding the change, there have been no disagreements with Fisk & Robinson, P.C. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. |
5. | The Registrant has requested Fisk & Robinson, P.C. to furnish a letter addressed to the Commission stating whether it agrees with the statements made in this Item. Such letter is included in an exhibit to this Form 8K. |
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