Addison-based Guaranty Bank & Trust N.A. and its parent company, Guaranty Bancshares, have launched a new initiative—the Guaranty CommunityFirst Mortgage and Development Program—designed to empower individuals and families within local communities to achieve their dream of homeownership while fostering a stronger, more inclusive neighborhood.

To reinforce its commitment that everyone deserves the opportunity to own a home, the bank said it will provide $1,000,000 in subsidized mortgage loans for residents in majority minority census tracts in South Dallas and throughout the Dallas MSA.

“At Guaranty Bank & Trust, we understand that homeownership is not only a personal achievement but also a foundation for stronger communities,” Ryan Coaxum, SVP and community development officer at Guaranty Bank & Trust, said in a statement. “The Guaranty CommunityFirst Mortgage and Development Program is our way of giving back and helping individuals and families achieve their homeownership goals while contributing to the strength of our community.”

The bank said an additional $100,000 will be set aside for closing cost assistance and subsidies. And the bank said it will provide up to $100,000 in financial support for South Dallas community partnerships that foster homeownership, financial literacy education, and workforce training.

Guaranty Bank & Trust NA has 32 banking locations across 26 Texas communities in the East Texas, Dallas/Fort Worth, Houston, and Central Texas regions.

As of September 30, Guaranty Bank & Trust NA had total assets of $3.2 billion, total loans of $2.3 billion and total deposits of $2.7 billion.

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